Comments by "Marvin Fine" (@torontovoice1) on "How to Move to a Tax Haven" video.

  1. You know I wake up in the morning and I can't get to my computer fast enough to watch the youtube installment that you put out everyday. From an entertainment point of view, it's probably a 10. That's kind of important because you obviously want your viewers to watch the whole video, and if you look at your analytics, you can see the drop off rate. So I give you a full marks for the entertainment value. Now let's talk about the fly in the ointment, if I could use your words. Who are these people that are making 5 and 10 million dollars a year of income? I mean the one percenters in the US and other countries such as Canada to UK etc typically earn between 150 to 200 1,000 a year. That puts them sort of in the 1% of earnings. When you kick it up to 5 to 10 million, I don't know what the percentages are but they are so slight that it probably apply to the vast majority of your listeners. I mean when people are making that much money, they're obviously busy. Who has time to watch YouTube videos? But leave that aside for a moment, let's say you find some of these 5 to 10 million dollar a year earners? How many of them have the capacity to move overseas to begin with? Let's say you want the chain of hardware stores or you were a lawyer or an accountant or had an engineering firm, you can't move overseas! Your license is predicated on residency in most cases. And if you're not licensed as a lawyer for example, you can't own a law firm! The vast majority of businesses are rooted in a particular country. The number of businesses that are not are so slight. What are they doing? Who are these people? Finally the majority of people that have a lot of wealth, don't take salaries at all rather they take stock options. That way they're not taxed at all, they just have huge amounts of unrealized capital gains. You know I watch that undercover Boss show all the time and you know in the beginning they show the owner of the company living in a mansion and they show his wife and his kids and his Bentley parked in the driveway. I can just imagine him going in and saying okay kids, we're moving to a anti-Semitic which the former prime ministrr is proud of. Yes, a country called Malaysia. I mean I think people would look at that as being preposterous? Now in summary, all the points that you made are very logical, but I really wonder what is in the minds of your viewers? This is what I'm going to do when I win the lottery, or I've got this little business and I'm going to franchise it and make billions. It's good to dream, but I really can't understand the practicality of some of these approaches. Now I know you talked about Malaysia being a country with excellent health Care. They may have good health care, I don't know but people view healthcare in many different ways. For example if you're going into a clinic to get a bunch of simple tests done, you might have incredibly wonderful customer service where they're rifling you between one room to another to do an EKG set of blood tests, stress test and various other types of tests that are typical that executives take? But what if you need a complex heart operation or a very complex spinal surgery, are you going to do it there where your life hangs in the balance? OR, if you're the 5 or 10 million dollar income earner, would you look at newsweeks top 100 hospitals of the world and choose one in the top 10? I didn't see Malaysia on the list. United States, Canada, Switzerland Germany Israel, these are the countries you'll see in the top 10, not Malaysia. There's lots of people that go to a lot of different countries for medical tourism to save money, but when you need real life saving medical service, you have to ask yourself would you put your life in the hands of a physician in the third w 1:21 orld country?
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