Any of you guys know who Andrew Henderson is? nomad capitalist ?
don't sleep on this one though guys, I am being Socratic
I can imagine that nomadic lifestyle would be tough on a family. The only monetary nomad I know of was McAfee and it didn't turn out well for him - he was always running. Maybe his plan was 75 and out though. Who knows?
Any of you guys know who Andrew Henderson is? nomad capitalist ?
He is a dude with 10 passports. He seem to enjoy "collecting" them.
US taxation is worldwide, so it does not matter where you live as long as you are US citizen.
That, basically, makes it a "no" for a large % of people in US who would otherwise entertained living elsewhere for a while.
Correct, however, he "untied himself" from being a US citizen, it is doable, in fact, its kinda the point, of my line of questioning....
I recommend, especially given todays environment, that people give serious consideration to what he is saying....
The mantra is "Go where you are treated best"
https://nomadcapitalist.com/Which, especially once you reach a certain threshold of wealth , is not only possible, but also arguably desirable ......
Who cares about "American citizenship" when you have got power and options ?
FUCK THAT.
Geographical arbitrage.
You like your BTC profits? well imagine giving half of them away to the gubermint? thats right the same gubermint that wants to start wars, print money, increase taxes increase taxes some more, slap on a extra inheritance tax so they screw your kids? and on and on and on....
Not to mention many countries, especially "legacy" countries are now openly looking to harvest capital from anyone and everyone they can.
Because, they have been irresponsible for decades?
How about, if your net worth makes it worth it , you consider geographical arbitrage, and increase your options, increase your possibilities ?
GUNS GOLD AND A GET AWAY PLAN, the three G's as Gerald Celente would say?
Even if you do not want to use them
right now, it is always good to have options..... its even better to simply go where you are treated best, life is too short to not.
I appreciate that some people, do not want to go anywhere.... fair..... but even then you could incorporate elsewhere and run your affairs from abroad.
Certainly, every country has different hoops, ie which country you currently reside in... and the country you may wish to move to or incorporate in, become a tax resident in etc some countries require certain amount of days that you are there and blah blah blah blah....
BUT
It is worth looking at imo, and certainly for some of the readers of this thread.
I mean, if it suits your life, and suits your situation, you could LITERALLY DOUBLE YOUR PROFITS FROM BTC AND CRYPTO by doing so....not to mention, give yourself a life raft in difficult times.
Just think about it.... if BTC @ $200,000 is the day that you have decided is the day that you hit the eject button.... then maybe with careful planning you could reduce that number to $100,000........ (and it only gets more compelling the higher the number goes)
PS - AND THIS IS ALL 100% LEGAL, LEGIT TECHNIQUES BTW pps, taxes, and estate planning and the like make me literally sick, it boggles my mind and I cannot stand the whole process, so, a decent accountant is a good start, but Andrew takes that shit to the next level, especially if you are up for relocating.
ppps- everyday that goes by is a day that this stuff gets harder and harder and harder, and your options are fewer and fewer.... like I said, the gubermints now see YOU as their piggy bank , because they dun fucked up so hard. So, you, your kids, and their kids are their GGG get away plan, for their incredible incompetence. We are all fair game
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