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Jeff B.
Nomad Capitalist
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Comments by "Jeff B." (@jeffb.140) on "New Zealand’s Coming Wealth Tax" video.
@CivisCaeliBr Too many wannabe do-gooders there
16
Can't really blame the many Kiwis living overseas. It's an eco-ideological nanny state that discriminates against men as well. Also Air NZ the worst airline I've ever flown (Never got a refund when they made me sit in a regular seat eventhough I had payed extra for more legroom just because I was travelling alone and happenened to be seated next to a teenager.).
11
That is what socialistic regimes do. Same in Cuba, Soviet Union, former Eastern Germany ..
10
@speicherkanal4894 A weak/failed government is a blessing in disguise
8
Usually those laws never even hit the really wealthy as they are gone quicker than they can pass these laws. So the first to take a hit are usually your upper middle class, then normal middle class, etc.
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Depends on what you do. I you simply buy and hold for over a year you can cash out in Austria, Germany, Portugal tax free
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@speicherkanal4894 Then don't go
2
The jobs are going overseas because its not competitive anymore where they were amongst other things because of too high taxes and social benefits. But instead of cutting taxes and benefits they doubled down on those and made them even more uncompetitive
2
Regulatory burden is another big one in Western countries in certain industries.
2
@speicherkanal4894 Absolutely, it depends on personal lifestyle. Switzerland is probably not the worst choice, especially for families and if you're really wealthy.
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