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Wealthy people are renouncing American citizenship

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Re: Wealthy people are renouncing American citizenship

#851

Earlier quoted context omitted.

Portuguese is not that different from spanish.

This argument also gets me icy cold stares of death. It also reminds me of how mind-blowing it is that a country whose land-area is 1/5 of California managed to conquer almost 1/2 of South America!

I mean, I’m a native Spanish speaker and probably after a year I would be able to pick portuguese.

Re: Wealthy people are renouncing American citizenship

#852

Earlier quoted context omitted.

I used to live internationally and the taxes weren’t that much more complex. It really shouldn’t cost thousands, it’s just two extra forms if I recall correctly. If you Are living in high tax regimes like Switzerland you don’t have double tax on the first $xx,xxx in income, it used to be close to 90k.

Switzerland is not a high tax regime (outside of some French speaking Kantons).

All in, it’s higher than the US. Not a bad as Sweden or Austria though.

Re: Wealthy people are renouncing American citizenship

#853

Earlier quoted context omitted.

My life experiences have made me incapable of empathizing with this view. My fellow citizens have never had my back, and I disagree with most everything they hold dear, as they disagree with most everything about me. I don't hate America or its people, I'm just not that into them. Patriotic people love to tell others "If you don't love America, leave it". Well, as my patriotic act to those great patriotic Americans .…

Sounds like it was for the best. Are you happy with your new country? Any sense of patriotism there (using my definition)?

Nope. Nada. None. Zilch.

But enjoy singing some bad national anthem and crying while waving a flag or maybe killing someone who disrespects your flag, or whatever it is the patriotic kids do today.

We really have no country or stable home right now. Once we get to Spain we will love being there, but we will still hold no sense of patriotism.

I'm not willing to fight, murder, or die for a nation. Some people are wired that way, violent ideation of being a hero, dying for god and country or whatever, but it ain't me.

Re: Wealthy people are renouncing American citizenship

#854

Earlier quoted context omitted.

This argument also gets me icy cold stares of death. It also reminds me of how mind-blowing it is that a country whose land-area is 1/5 of California managed to conquer almost 1/2 of South America!

I mean, I’m a native Spanish speaker and probably after a year I would be able to pick portuguese.

She just gave you an icy look of doom.

Re: Wealthy people are renouncing American citizenship

#855
post #841

Earlier quoted context omitted.

Hmm. So it is OK for me to say make all of my money in San Francisco then go buy property in much poorer Detroit? Now what if about 1/3 of that income came from my wife who is from a poorer country than Spain?

I guess if a bunch of wealthy people came to Detroit and bought properties and extracted rent from much poorer citizens with less upward mobility and nearly no chance to own a property of them own, that would be the same problem.

You’ve reminded me of that xray spex song, “I live off you”.

Re: Wealthy people are renouncing American citizenship

#856

It's so irritating to be an American that has moved overseas. Basically the only country in the world that charges taxes on money you make and spend somewhere else, just because of where you were born. Thanks to IRS regulations, 90% of investment firms will just reject me outright rather than deal with the paperwork. Getting someone to help file my inordinately complex taxes costs thousands of dollars more than I act…

I don't want to get too political, but things were different before the 2017 tax law change. The main point, overseas Americans still have to pay US taxes, was true before then. But, pre-2017, they could deduct what they paid to the country they were residing in. This meant, in reality, the vast majority of expats did not have to pay US taxes.

It's quite possible that the Democrats will, if they modify the tax system, undo that change. That might be why investment firms hesitate to have you as a client. Although, unless you are using tax-advantaged accounts, it shouldn't be that much extra paperwork for them.

As for rich people gaming the system - I can imagine Bezos et al. would not mind living in the Caymans for a year while he sold all his stock to pay no taxes. If you can determine when you pay taxes, that's a huge benefit.

Re: Wealthy people are renouncing American citizenship

#857

Earlier quoted context omitted.

That's what he wants you to think. In reality he really is just a buffoon.

Nobody will ever know, not even him! Good read: Kim Philby as a Real Case of Indeterminacy of Radical Interpretation: http://polatulet.narod.ru/dvc/ddbs/dennett_breaking.html#ch_...

Wow, narod.ru still alive. One of the first websites I remember.

Re: Wealthy people are renouncing American citizenship

#858

Earlier quoted context omitted.

Sounds like it was for the best. Are you happy with your new country? Any sense of patriotism there (using my definition)?

Nope. Nada. None. Zilch. But enjoy singing some bad national anthem and crying while waving a flag or maybe killing someone who disrespects your flag, or whatever it is the patriotic kids do today. We really have no country or stable home right now. Once we get to Spain we will love being there, but we will still hold no sense of patriotism. I'm not willing to fight, murder, or die for a nation. Some people are wired…

That level of detachment is only affordable to you because of the generations of people that fought, murdered and died for the nations on which you now can so comfortably live. Perhaps you think that work is done. Maybe you are right, at this moment, but if history is any guide, it could all change in an instant and you could need people who are willing to fight for your way of live.

Re: Wealthy people are renouncing American citizenship

#859

Earlier quoted context omitted.

I think you misunderstand me. I am not saying the rich are leaving because of culture war issues. I am saying that the incessant claims that America is just the worse erodes the social fabric for everyone, including the rich, and one manifestation of such erosion is that it becomes morally acceptable to cheat the system. After all it is a corrupt, racist, oppressive, hypocriptical imperialistic system, so why pay int…

The problem with your supposition here is that America's rich have been already acting like "corrupt, racist, oppressive, hypocriptical imperialists" for at least 120 years. United Fruit Company[0], the Business Plot[1], etc. For the rich, it has always been morally acceptable to cheat the system. The 20th century saw the establishment of pensions, then they were raided barely a generation afterwards. I think what yo…

Many, if not most, of American's rich are self-made, most obviously in tech, where the amount of wealth accrued to Gen X's and Millennial boggles the mind. Does your indictment extent to those people was well, or is reserved for people whose parents were rich?

Re: Wealthy people are renouncing American citizenship

#860
post #857

Earlier quoted context omitted.

Nobody will ever know, not even him! Good read: Kim Philby as a Real Case of Indeterminacy of Radical Interpretation: http://polatulet.narod.ru/dvc/ddbs/dennett_breaking.html#ch_...

Wow, narod.ru still alive. One of the first websites I remember.

(I read Dennett's book in print, and then googled for the content and found it posted there)
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