The Real Reason I Renounced US Citizenship (Not Taxes)

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  • Опубликовано: 16 дек 2024

Комментарии • 210

  • @nomadcapitalist
    @nomadcapitalist  10 часов назад +20

    Thinking of escaping the United States? Watch this video where we reveal the right and wrong ways to leave the USA, as well as the worst countries to move to, and how to find a country that respects your values: ruclips.net/video/apXLslgvBmI/видео.html

  • @marwaeldiwiny
    @marwaeldiwiny 9 часов назад +45

    Andrew! This is my first comment on your channel. I have to tell you, I totally resonate with you when you said you escape because of the trauma and there something better out there! Thank you for sharing your story!

  • @prettybrwneyez7757
    @prettybrwneyez7757 5 часов назад +13

    It’s such a traumatic place. A citizen who left three years ago, I plan on never returning. Im freer in a “second world” country than I am in that place!

  • @bobmciver6437
    @bobmciver6437 6 часов назад +21

    This video should be required listening for every citizen of every country.

  • @RowanRiverstone
    @RowanRiverstone 5 часов назад +16

    I relate so much to this video. My husband and I are moving to Portugal, and as soon as we can, we want to renounce citizenship. We're not ultra wealthy, and it's not about money or taxes for us. Thanks for sharing a deeper dive into what motivated you.

    • @nomadcapitalist
      @nomadcapitalist  5 часов назад +5

      Thank you for sharing your journey! Moving to Portugal sounds like an exciting step, and we wish you all the best. If you'd like to connect with like-minded individuals and learn more, we'd be glad to welcome you to Nomad Capitalist Live: nomadcapitalist.com/live.

    • @prettybrwneyez7757
      @prettybrwneyez7757 5 часов назад +3

      Do it! ❤

  • @melissaharper2239
    @melissaharper2239 8 часов назад +36

    Americans have effectively been "dumbed down " and it shows! I live on the border of VA and WV, and wow!
    We are soon headed out and over! I'm not within your parameters for a client, but I enjoy you and your info. Thanks!

    • @2GringosOnTheGulf
      @2GringosOnTheGulf 5 часов назад +2

      The world 🌍 has been dumbed down.

    • @michellem3879
      @michellem3879 3 часа назад +2

      I live in Central VA and see it here too. People have blinders and their idea of "travel" is Nags Head or Pigeon Forge.

  • @ladyinthemountains2527
    @ladyinthemountains2527 10 часов назад +40

    You are so totally correct with the Oslo story. Many, many Americans are in an insulated bubble.

    • @halb37
      @halb37 6 часов назад +4

      An isolated encounter like this is a poor choice to make life long decisions. Example: if randomly his seatmate had a more worldly experience and had knowledge of Oslo would Andrew still be a US Citizen? I was on a train once in Bratislava and my seatmate had never heard of Newark airport...on that basis should I consider many Slovakians living in an insulated bubble?

    • @BF2021-kf8xz
      @BF2021-kf8xz 6 часов назад +3

      there are valid reasons for this

    • @silver6054
      @silver6054 5 часов назад +3

      @@halb37 I guess it may be part of the same issue, but my guess is statistically an American on a flight is more likely to be flying to a domestic destination (country it pretty big!) so maybe Oslo is more likely to be Oslo MN than the "real" one. (Although it depends where Andrew was flying to Newark from). But I suspect London which probably be assumed to be UK, Oslo is less familiar (which is also Andrew's point)

    • @ssuwandi3240
      @ssuwandi3240 4 часа назад

      Wrong. That's Chyna. Ask me if you don't get why. I give you a hint. The currency

    • @signalfire6
      @signalfire6 3 часа назад

      @@halb37 I'm sure it was just one of many such instances.

  • @DivineGame7
    @DivineGame7 2 часа назад +10

    I sacrificed so much to move to America as a teenager. I left behind my entire family. The people who birthed me, fed me, loved me!
    25 years later - as a father, husband, and business owner - I find myself wanting to leave.
    I feel like I am living inside a corporation, not a nation. A corporation where every individual experience has been boiled down to a transaction.
    This country is dumbing down its own citizens and draining them off of their resources, and using their blood, sweat, tears and their dignity, to destroy other citizens and nations around the world.
    At times it feels like living in a dystopian sci-fi movie.

    • @gvs5318
      @gvs5318 5 минут назад

      Then leave, no one is forcing you to stay in the US

  • @dans5916
    @dans5916 10 часов назад +35

    "and then i realized... that's who I'm surrounded by". Ah yes, the awakening moment that every entrepreneur or high IQ individual goes through.

  • @eliasmonteza280
    @eliasmonteza280 6 часов назад +9

    100% in agreement. I chose to immigrate to the US but now can’t wait to go retire in my country of origin (Panama) for all the reasons you mentioned. Great work and insight. Looking forward to meeting you someday

    • @nomadcapitalist
      @nomadcapitalist  5 часов назад +1

      Thank you for your comment and for sharing your story. We’d be delighted to welcome you to Nomad Capitalist Live, where you can connect with like-minded individuals and dive deeper into similar topics: nomadcapitalist.com/live/

  • @relbik66
    @relbik66 10 часов назад +18

    Andrew - thanks so much for sharing your story. ❤

  • @azdbuk
    @azdbuk 7 часов назад +16

    "Oslo, is that in PA?" "Then I realized this is who I am surrounded by..."............LOL 🤣LOL,LOL

    • @notthatyouasked6656
      @notthatyouasked6656 2 часа назад

      It's rather like the guy who posted about how great his new health insurance was that he got through the Affordable Care Act and how it was so much better than that godawful Obamacare...

  • @Macdunne
    @Macdunne 5 часов назад +5

    Appreciate articulating your reasons why you renounced your citizenship. Makes complete sense to me if I was in your position.

  • @johnharrison8089
    @johnharrison8089 8 часов назад +11

    I agree 100% with everything you said. I nearly left during the Vietnam war but instead stayed and protested. I did start traveling heavily after it ended. All over Europe and other. worked few months US then gone several months abroad. Now retired and with Norway citizenship/passport in hand. I can NOT give up my US citizenship because I would lose my monthly SS payment otherwise I would. The last job I had in US I went on my alowed 2 week vacation. Went to Greece and never returned.

    • @mustaphan9121
      @mustaphan9121 3 часа назад

      Can you still get your SS payment without entering USA at least once a year??

    • @signalfire6
      @signalfire6 3 часа назад +1

      I'd love to hear more about Greece.

  • @MarkLPriest
    @MarkLPriest 2 часа назад +2

    I've lived and worked in the Caribbean and East Africa. In both places, I've always felt right at home. Coming "home" to the USA has always been a disappointment, on several levels, but the taxes were not the main reason.

  • @jsbarto1
    @jsbarto1 8 часов назад +8

    I'm someone who has always known where Oslo is...my maternal grandmother was born there, and emigrated to America in 1912...and County Antrim, as well...my paternal grandfather emigrated to the USA in 1909...the rest of the story is that they met because they were both employed as staff in next-door stately homes in NYC. Since my grandfather was born in 1886 when Ulster was still Ireland, I applied for and gained my Irish Citizenship and passport in 2000. I have third cousins in Northern Ireland as well as in Norway...will visit them one day. That said, if I were to leave the USA for an extended period, I might go to Portugal or Spain for a bit, but would also go to live Switzerland due to the quality of their healthcare which is likely as good, or maybe better than where I live now in Northern Virginia. Given my "certain age," that's important for me now. Would I have to establish residency in Ireland before applying for temporary residence in another EU/Schengen country? Just curious...

  • @CallowG
    @CallowG 10 часов назад +31

    I haven't been back to the US since I retired, I have no desire to ever go there again. For me it's a fly-over country. The thing is Americans are brainwashed from birth that America is the Greatest Show on Earth I mean the Greatest Country on Earth so why would you want to live anywhere else? Or change anything? From the moment you step off the plane until you leave you have flags slapping you in the face and every newscaster is trained with the magic words "America is the Greatest Country on Earth BUT..." whenever they're about to criticize something. There are so many better places to live. Once I leave Canada I probably won't go back, but I'm keeping it open as an option just in case.

    • @2GringosOnTheGulf
      @2GringosOnTheGulf 5 часов назад +2

      I feel that way about Canada. It's hard leaving the family behind.
      Cheers from 2 Canadians 🇨🇦 living in Mexico. 🇲🇽✌🏼

    • @signalfire6
      @signalfire6 3 часа назад +1

      That whole 'American exceptionalism' line always pissed me off. So did being taught 'allegiance' to a flag before you're even old enough to know what that means. It's propaganda and brainwashing.

    • @birdlover7776
      @birdlover7776 2 часа назад

      @@signalfire6right there with you

    • @CallowG
      @CallowG 27 минут назад

      @@2GringosOnTheGulf Heh I watch your videos. I'll be moving to Mexico once my last ferret kicks it.

    • @2GringosOnTheGulf
      @2GringosOnTheGulf 7 минут назад

      @CallowG
      Right I remember ❤️🤗✌🏼
      Comment more often let me know you're out there. jajaja 🤣
      Hola 👋🏼👋🏼❤️

  • @sirobin171
    @sirobin171 3 часа назад +4

    I haven't renounced but if I did it would be because I am totally embarrassed of my country.

  • @Clownlife432
    @Clownlife432 9 часов назад +9

    The other thing about more and more forms is that’s multiple more taxes in of itself. Filing often costs, man hours spent are cost, whether yours or someone you pay, the psychological toll of worry is a cost. All that is a tax pressure

  • @ManilaTom
    @ManilaTom 8 часов назад +11

    The people who leave put pressure on the ruling party to rethink taxes.

  • @timlinator
    @timlinator 3 часа назад +4

    I’m a dual citizen and when I leave USA for good I will renounce my us citizenship.

  • @leemartinez2975
    @leemartinez2975 4 часа назад +4

    Under the current chapter of US history, it is the right-wing that would make it harder on US expats, including making it harder to obtain multiple citizenships. Their manner of thinking would be why should Americans have multiple citizenships if America is the best country in the world.

  • @aegisltd2018
    @aegisltd2018 4 часа назад +2

    Brilliant presentation. One of your best, if not the best. I know exactly what you are talkimg about. It brought tears to me eyes! 😢 Thanks @Andrew Henderson🎉

  • @autumnlynn
    @autumnlynn 9 часов назад +9

    Ahhhh you're on the spectrum. I don't know why I didn't see this before. My dad, brother, sister, and nephew are all on the spectrum. My family has a mix of what was once known as Aspergers and also ADHD. I did get a rough case of ADHD, but not the Autism. My dad, brother, and nephew, in particular, are GENIUSES. My dad has a degree in piano, my brother plays the guitar and they both can literally pick up ANY instrument and just start playing 😳 And my brother is now working on a physics degree. But people are absolutely ruthless and the bullying is horrid. For you all who are high functioning, I think it's especially cruel. I understand you much better now (as much as one can from RUclips, of course 😁). And I can't say I blame you at all for escaping what I'm sure was, at times, very bad treatment. I'm glad you're happy and in places where you can be yourself and thrive.

  • @spacesandplacesoutthere
    @spacesandplacesoutthere 3 часа назад +1

    How insightful you were to make the big moves you have.
    I subbed to this channel during the 'Plandemic' and hands down this is one of my top 5 channels of all time out of literally hundreds.
    I've felt this way since a pre-teen as well.
    So grateful for your work, service and courage Andrew 👊🏿💯🏆✈️

  • @JudgeDredd_
    @JudgeDredd_ 10 часов назад +12

    I dated a Muslim girl who was born in the U.S., graduated from Ohio state as a psychiatrist, lived 45 mins from a Great Lake and couldn’t tell me which direction the lake was based on where she lived nor the name of the lake. I don’t know why but I always found that incredibly odd. I never knew if I was being overly critical or if I was living in the matrix. Maybe it was one of those glitches or something. The Oslo story reminded me of her haha!

  • @brokenrecord3095
    @brokenrecord3095 9 часов назад +9

    Just out of curiosity, if someone was to leave the USA with no intentions of returning and had transferred all his assets outside of the USA, what realistically would the US do if you just stop filing taxes? Without formally renouncing anything. I mean assuming you're not some high profile emigre, just some random shlub who wanted to live elsewhere.

    • @stevebishop3796
      @stevebishop3796 9 часов назад +1

      IRS would probably sanction and garner/confiscate your assets to pay your tax bill. The other countries that govern your assets would likely comply with those orders because they don't want to face the ire of Uncle Sam.

    • @RasiRobi
      @RasiRobi 8 часов назад +1

      Good question

    • @yevgeniygrechka6431
      @yevgeniygrechka6431 7 часов назад

      You're basically asking what it is like to live abroad as an outlaw in the eyes of the US government. The less friendly your new country's government is with the US the less likely anything happens, but the US is a global power and they have their tentacles in all sorts of global dealings. You can google "accidental Americans" to see some horror stories about people who have never even set foot in the US dealing with the IRS.

    • @SurpriseMeJT
      @SurpriseMeJT 7 часов назад +2

      Yeah, like if you had zero intention of ever travelling there again, what could happen to you if you stopped filing taxes with no assets in the US. good question.

    • @JudgeDredd_
      @JudgeDredd_ 5 часов назад

      @@brokenrecord3095 I honestly feel it’s similar to if you stayed in the US and didn’t pay back your student loans and only worked cash jobs or something. I mean aren’t student loans one of the largest debts our country has? If they went after everyone voraciously, this country would cave in. In the case you mentioned, I assume it’s up to the emigrating country to decide to report you or not considering you started working there or did something bad to get on their radar somehow.

  • @nigelc3358
    @nigelc3358 5 часов назад +2

    Different point of view. Refreshing to hear this 👍🏿👍🏿👍🏿

  • @manuelagerlach8673
    @manuelagerlach8673 4 часа назад +1

    Thank you, Andrew.

  • @clarencekeller7684
    @clarencekeller7684 10 часов назад +21

    I'm not a fan of the American culture myself. I've never felt that I've belonged. I'm a historian and love other countries, couldn't care less about US personally.
    Planning on travelling to Madeira Portugal. And hopefully move there :)

    • @Fanta....
      @Fanta.... 10 часов назад +2

      *couldn't care less

    • @clarencekeller7684
      @clarencekeller7684 10 часов назад

      @@Fanta.... lol thank you for the correction

    • @mnob1122
      @mnob1122 10 часов назад

      I’m a retiree, hellbent on leaving the insanity known as the USA. Tired of the hate, division, for-profit health system, puritan culture, selfishness, greed, hyper individualism, worship of guns and money….on and on. And now the madness of king trump. Currently working on making my escape. 2025 is my year!!

    • @enjoystraveling
      @enjoystraveling 9 часов назад +3

      very good wine :)

    • @celtosaxon
      @celtosaxon 9 часов назад +2

      Living abroad may change your mind. It did for me.

  • @davidfeng5871
    @davidfeng5871 8 часов назад +3

    If they can a start a war on taxation without representation, then you should abdicate your citizenship on absentee taxation.

  • @kieunganguyen693
    @kieunganguyen693 3 часа назад +1

    I endorse paying taxes for citizenship! One can take advantages of any country’s policies to better oneself! As for me being a refugee to the US when our country was lost in a devastating war, this is my home country! I love America and appreciate the policies put in place as well as everyone who fight for our freedom!

  • @LUCKHEF
    @LUCKHEF 5 часов назад +5

    As a black man who left “ America” to live 3 months in 4 countries I would rather pay MORE tax if I had to just NOT to have to live in “ America “ !! 😂

    • @tatertot6324
      @tatertot6324 3 часа назад +1

      What is your nationality? Black isn't a nationality as white isn't a nationality. Why generalize your nationality? There are black skinned folks all over the world as there are white skinned folks. I think we as humans contribute to social problems by generalizing ourselves. Sure I am a "white" guy but I'm of Western European decent. If I said "As a white guy" I'd be playing into someone else's game. It's called Divide and Conquer. These terms Black and White were created to divide us. I think people are starting to see the manipulation. I'm not trying to be an antagonist. I feel like America is just a tool for war and economic gain for the people who really control it. Division is how they keep control.

    • @LUCKHEF
      @LUCKHEF 3 часа назад +1

      @ with out getting deep into the subject I use “ black “ because that is how your identified worldwide even in Africa regardless personal thoughts or facts we may have … I do agree with you that my ancestors were not “ labeled “ “ black “ and its a term made up by slave masters … I don’t argue religion or “ race “ but wanted clear up in short as form as possible

    • @tatertot6324
      @tatertot6324 3 часа назад +1

      @@LUCKHEF I understand. It is a common way to be described. I plan on leaving the USA in the future too. I hope everything goes well for you.

    • @LUCKHEF
      @LUCKHEF 2 часа назад

      @@tatertot6324 thanks much appreciated have safe travels 🙏🏽

  • @jar1345
    @jar1345 10 часов назад +7

    Middle class citizen here. As someone who does not have hundreds of thousands to spend on citizenship by investment for many of these places, but could potentially by a property somewhere would you recommend Belize as a place to try to escape to? For the time being I will have to continue to earn money from a US based job and the proximity allows me to return for work for a day or two when necessary.

    • @stevebishop3796
      @stevebishop3796 9 часов назад +1

      I have no direct knowledge but hear that there are better options aside from Belize. Do your research.

    • @nomadcapitalist
      @nomadcapitalist  9 часов назад +4

      Thank you for your question. In this recent article we discuss places to live for under $1000 per month: nomadcapitalist.com/finance/offshore/places-to-live/

    • @jar1345
      @jar1345 9 часов назад +4

      @ thank you for your reply. I believe I have had a similar thought process in my life in becoming a libertarian but then realizing the best thing for me would be to simply escape this mess where a country has control over ever aspect of my life. I can get set up in an emerging country and hopefully get to live a more affordable life and set my daughter up to actually be able to afford property one day.

    • @jar1345
      @jar1345 5 часов назад

      @@stevebishop3796 I have heard this as well. I just am not sure what is the definition of better. I do like the Caribbean atmosphere that Belize seems to have, but I know there are other more affordable places nearby as well. Ultimately it seems like because the word is a little bit out on Belize this is what is pushing those prices up, but it also makes be feel like it is a safer place to park money. I am ultimately unsure I just know that it does not seem like a wise plan to continue to try to build a life in the US

    • @stevebishop3796
      @stevebishop3796 3 часа назад +1

      @jar1345 I would check the stats for safety, cost of living etc, to compare your shortlist with. Spend some time to think about what qualities are most important to you, because there is no "perfect" place. I looked into Belize about 10 yrs ago and crime was still a pretty sizeable issue. Infrastructure wast also weaker than other what I wanted to have

  • @dannybelcher4852
    @dannybelcher4852 8 часов назад +3

    Thanks for sharing your story. I totally understand i never felt the U.S. was my home growing up either about 2 years ago I decided to move to South America and have been think about doing the same as you.

    • @nomadcapitalist
      @nomadcapitalist  5 часов назад +1

      Thank you for your comment. If you'd like our help, reach out to us here: nomadcapitalist.com/apply/

  • @EtienneBraslSr
    @EtienneBraslSr 10 часов назад +4

    Hola Andrew, great story. Thanks for sharing. I agree go where you are treated best.

    • @nomadcapitalist
      @nomadcapitalist  10 часов назад +2

      Thanks for watching!

    • @decTac
      @decTac 9 часов назад +1

      I agree with him too 👍

  • @SECRETPURPOSE
    @SECRETPURPOSE 5 часов назад +1

    The comparison of retaining one's citizenship to arranged marriage is very interesting -
    I'll be thinking about that one.

  • @azdbuk
    @azdbuk 8 часов назад +3

    I am still working through the analogy at the beginning.

  • @2GringosOnTheGulf
    @2GringosOnTheGulf 5 часов назад +1

    Another great video my brother. 🎉❤
    Cheers from 2 Canadians 🇨🇦 living in Mexico. 🇲🇽✌🏼🥰

  • @mollyturgess3153
    @mollyturgess3153 4 часа назад +3

    Can someone collect social security if they renounce?

  • @yevgeniygrechka6431
    @yevgeniygrechka6431 7 часов назад +2

    This is a good explanation, and at least in your personal case I agree that renouncing US citizenship was the correct thing to do. The only thing that I would somewhat push back on is that a US passport is very helpful for children who are growing up. The US still has excellent companies and universities, and being able to have that experience can be a large advantage for children/young adults. Then the kids can make their own decisions as well whether to renounce their US passports. So I would say to hold off on renunciation until you at least finished having children.

  • @decTac
    @decTac 9 часов назад +2

    You're wise man Mr AH👍

  • @derronstravels21
    @derronstravels21 21 минуту назад

    Even if you hate America, don't want to be controlled, or hate your U.S. identity, you don't have to renounce your citizenship. You can live overseas as an expat forever without making the terminal irreversible decision to renounce your citizenship.

  • @scottclarke0317
    @scottclarke0317 6 часов назад +1

    Are you still able to collect social security after denouncing your US citizenship or do you forfeit it when you denounce your US citizenship?

    • @nomadcapitalist
      @nomadcapitalist  6 часов назад +2

      This article dispels the most common myths about giving up American citizenship: nomadcapitalist.com/expat/myths-giving-up-american-citizenship/

  • @NYtoWVParallelPursuits
    @NYtoWVParallelPursuits 10 часов назад +2

    From your PoV, will there be a one world tax? How will it be disguised to be palpable? Airfares are already taxed based on distance in the US.

    • @Fanta....
      @Fanta.... 10 часов назад

      Kinda harder to tax stuff like cryptos. and thats where the world will be heading. Especially privacy coins like monero where nobody can see what you spend, your balance or where you spend it. The genie is out of the bottle now, its just a matter of the public waking up and moving over to the new system before the fiat ponzi implodes.

  • @scottweier4285
    @scottweier4285 4 минуты назад

    I am with you living here in Mexico. I probably won't give up my citizenship as in 2 more years I draw SSI, get back some of what inlaid in. And taxes are not an issue anymore as basically retired running all our money through my Mexican wife. Even though I never cross no reason to give it up yet.

  • @ewetoobblowzdogg8410
    @ewetoobblowzdogg8410 10 часов назад +11

    I must've given up my citizenship when I was a teenager because I have worked over 45 years here in the US and have never given the IRS a dime at the end of the year. The difference, I never signed consent forms like a W-2 or 1099. I've also never filed and signed an end of the year tax form where I swear I owe them any amount of money. Do not consent. Do all you can to not participate in their system. Hide all your assets. Never let them see what you really make.

    • @haggai3.477
      @haggai3.477 10 часов назад

      Herein is Wisdom.

    • @relbik66
      @relbik66 10 часов назад +5

      Smart move to tell everybody on youtube 😂

    • @myronbourne6937
      @myronbourne6937 9 часов назад +1

      @IRS

    • @stevebishop3796
      @stevebishop3796 9 часов назад +1

      ​@@relbik66😂😂😂😅

    • @ewetoobblowzdogg8410
      @ewetoobblowzdogg8410 9 часов назад

      @myronbourne6937 Oh, do you mean that PRIVATELY owned corporation that is based in Puerto Rico to avoid U.S. law, owned by City of London Corp and in no way a part of our government? Do you actually give these crooks your hard earned money?

  • @Gasdoc06
    @Gasdoc06 3 часа назад

    Hi Andrew. I've been following your channel for a while and completely agree with your point of view on both personal and business sides.
    America does not provide for its own citizens. Healthcare is a leading cause of bankruptcy and each generation of children take out massive student loans and live with lifelong debt.
    I would like to see you extend your services to those looking to retire/relocate elsewhere that don't have 7 figure incomes. I looked into MM2H and it is very pricey and doesn't grant citizenship, only an extended visa.
    So don't you need another citizenship before giving up the US?

  • @porpentosa
    @porpentosa 7 часов назад +2

    Andrew, I think you forgot one major 😅 country that also has citizenship-based taxation: Eritrea.

    • @rivenoak
      @rivenoak 3 часа назад

      i wonder how they enfoce it...IF they do ;)

  • @Evansteven244
    @Evansteven244 10 часов назад +6

    If I had a pocket full of Visas/passports it would create the possibilities; and yes I am working on that!

  • @alexthomas5658
    @alexthomas5658 4 часа назад

    Getting primary residence in PR seems to be an easier solution

  • @ShaareiZoharDaas
    @ShaareiZoharDaas 5 часов назад +1

    I love Sweden & Norway❤

  • @JudgeDredd_
    @JudgeDredd_ 10 часов назад +5

    “… I get to choose my home.”
    When I tell my dad why I don’t vote and he says never talk to me about the problems of this country, I always tell him how invalid that logic is. _You_ vote, so you align yourself with a party and you vote for that party. If anyone does not get to argue, it’s YOU! I can talk trash freely about any of these politicians because I’m unaligned. I’ve never understood when people say that. I’m not neurodivergent, I’m just basic-level logic 101 and willing to change if I hear better logic. Either way, I’m working towards my exodus but I’m uninterested in expatriating. However, I am learning about legal loopholes on how to structure my reporting entities so that I can pay little to no taxes. Basically structuring my LLCs I use to wholesale and putting them under a foundation.

    • @stevebishop3796
      @stevebishop3796 9 часов назад +2

      You could be technically correct and go vote, but cast a blank ballot 😅
      Let the gripe-fest begin!

    • @JudgeDredd_
      @JudgeDredd_ 9 часов назад

      @ I love the way you think sir hahaha

    • @ivanjoseph3015
      @ivanjoseph3015 7 часов назад +4

      One you pay any taxes ….you get the right to talk about ANYTHING in the country….because you contribute..

  • @WealthyChronicle
    @WealthyChronicle 17 минут назад

    I don't know, I get why some people would renounce citizenship, but isn't there a deeper connection to your roots? Hard to let go of everything just because of bureaucracy.

  • @geoffwaterman6560
    @geoffwaterman6560 Час назад

    Ozzie- i am frustrated with Australia and the direction we're headed. The first world is sadly loosing its principles of personal liberty . Im interested why Americans want to leave ? Where is better? I understand if you're wealthy you're punished in the west. Ive traveled and to find a package deal alternative that offers a better life - haven't found it .
    Can see Andrew's situation and view and agree with you on your points.

  • @mnob1122
    @mnob1122 8 часов назад +4

    As much as I would love to denounce my American citizenship, I need the Social Security I paid into to survive. Denouncing would cancel my Social Security benefits.

    • @TimeIdle
      @TimeIdle 7 часов назад +1

      No it doesn't. Look it up.

    • @mnob1122
      @mnob1122 6 часов назад +2

      I have seen other posts regarding loss of SS benefits. I looked it up and found: “No longer have rights and responsibilities as a U.S. citizen. But you may still be:
      Subject to tax payments;
      Eligible for Social Security benefits”.
      MAY STILL BE ELIGIBLE. Not very convincing.

  • @ByakkoKatana
    @ByakkoKatana 2 часа назад

    I heard they are ignoring applications to renounce. At this rate, I bet it will be impossible to renounce soon.

  • @jortega222
    @jortega222 Час назад

    I've turned in 65 and getting social security and Medicare. I can also apply for French citizenship as my mother is French. What would I loose if resign my US citizenship? Thank you.

  • @Susan-f2b
    @Susan-f2b 3 часа назад

    Dude, I withdrew 3k USD from my Elizzarda account yesterday. You should tell your subscribers about it so they can earn too

  • @sapienblue6242
    @sapienblue6242 4 часа назад

    What do you mean by Descen?Meaning you had an ancestor that traveled from a country and naturalized?

  • @mkoschara
    @mkoschara 4 часа назад +1

    Do libertarians pave roads?

  • @donwarrington4916
    @donwarrington4916 9 часов назад +3

    In your words " Alot of butthurt people" The cultural spill over into Canada has been noticable , It's become a miserable country to live in . Love thy neighbor is a thing of the past in the west ...

  • @Angelartsss
    @Angelartsss 6 часов назад +2

    Andrew, what’s your opinion on the recent move from Jordan Peterson to the USA and his statement: “anyone who’s succesfull and has some sense move to the US, everything is easier”.

    • @SECRETPURPOSE
      @SECRETPURPOSE 5 часов назад +1

      That's a great question

    • @MyraO-e6i
      @MyraO-e6i 3 часа назад +3

      for a racist and a fascist like peterson - yes, it is easier in US

  • @lexd7159
    @lexd7159 4 часа назад

    i feel i don’t relate : i think i could not have better described it renounced a decade ago on a european passport, best decision in my life ❤

  • @simewood2040
    @simewood2040 10 часов назад +3

    You’re a good man, Andrew. You escaped the BNAC (sibling of the BEIC and the BSAC)

    • @simewood2040
      @simewood2040 10 часов назад +1

      Funny thing is, as a 12 year old watching the moon “landing”, I dreamed of moving to live in America. It took another 45 years for me to see the grift.

  • @macaccount4315
    @macaccount4315 2 часа назад

    The issue with high net worth people is that we cannot renounce given the tax impact (exit tax). I’d gladly renounce if I could.

  • @debyaka
    @debyaka Час назад

    You said you weren't left or right but also stated you were libertarian in the same video lol

  • @toddlacasse7092
    @toddlacasse7092 4 часа назад

    You do not need to give up on being American. You just need to leave the federal zone. The 14 amendment made us all US Citizens which means tax slaves. The problem was they didn't tell us how or why. No disclosure happened. It is still that way. You can become a citizen of your state ONLY. And still carry a US Passport

  • @anastasiahopkinson5676
    @anastasiahopkinson5676 7 часов назад

    Would you consider founding a new country, likely in some place far from NYC or London, to establish your preferred citizenship. Name it "1%".

  • @AlwaysASolution-qj9be
    @AlwaysASolution-qj9be 6 часов назад +2

    As an INFJ, I have always been repulsed by the "in-your-face" bullying of the U.S. ...mostly women. Loud and obnoxious and often vicious, women convinced me that the States are the place that advocates bullying. I've lived around the world and in 7 states since young. I've loved many global and kind cultures and still enjoy living abroad. The only reason I have retained my citizenship and still live in the States is because my siblings and their families are there. Otherwise, I would have left years ago for good. It's not a safe and fun place to live. As a culture, people are inherently angry, ignorant, and indignant compared to so many other countries.

  • @LeonieBachmann-h7x
    @LeonieBachmann-h7x 10 часов назад +5

    Why do Klaus and Bill send drones to NJ?

  • @ElJefe1986
    @ElJefe1986 4 часа назад +1

    Rumors have it. Justin Trudeau is resigning? O Canada 🇨🇦

  • @dorapadilla5731
    @dorapadilla5731 10 часов назад +2

    I really appreciate the work that you do here. I would just like to say that there are two Oslo's in the United States. One in Florida and one in Minnesota. I appreciate the fact that you continue to make videos and decided not to give up on that. I hope all goes well with you and may you prosper in everything that you do. ¡God bless!

  • @Hobojet
    @Hobojet 20 минут назад

    For libertarians one thing the US has is the best gun laws in the world!

  •  2 часа назад

    For me I can’t understand you completely. Because I’ve been around the world , and in my opinion still there’s no place like America. Well at least south Florida . But each his own I guess

  • @MissionSilo
    @MissionSilo 10 часов назад

    Wish I had your ideals when I was obsessed with politics

  • @butchfajardo8832
    @butchfajardo8832 10 часов назад

    Nothing wrong with not paying lots of taxes! Governments top priority is amassing the wealth of the ordinary citizens and not the elites! Governments don't like people copying them! 😂

  • @gvs5318
    @gvs5318 6 минут назад

    Well, everyone has an opinion. Let's see what the incoming administration accomplishes, and then subsequent administrations. Let's hope the incoming administration returns the government that's supposed to be by the people, for the people, back to the people.

  • @AleksLazar
    @AleksLazar 8 часов назад +1

    Word

  • @xanderthegreat1487
    @xanderthegreat1487 10 часов назад +2

    Your a legend 🥂 🍾

  • @disiostudio1559
    @disiostudio1559 3 часа назад

    I can't disagree with you and find all of your posts enlightening. I think America is declining, though you can still have the best of everything if you're willing to pay for it. I am sorely disappointed in the almost unbelievable ignorance and lack of worldly knowledge of most Americans and the absurdity of American politics today. However, I also think there is a role for government in investments for the collective public good with our tax money if only people were smart enough to hold their elected representatives accountable. I think America's education system has failed us. But I'm not ready to leave my home in a large American city now at 75 years old where I'm comfortable, enjoy family and friends, have some of the best goods, services, and entertainment available anywhere, have excellent healthcare with a Medicare Supplement Plan and social security, and am financially secure given my investments. I would consider moving to Europe or Southeast Asia if I were younger. Instead, I spend part of the summers vacationing abroad enjoying the many amenities that other countries offer. Then I'm happy to come home where I have all the creature comforts and nearly everything I need is practically at my doorstep. Again, thanks for sharing your experience and wisdom.

  • @W1LDWESLEY
    @W1LDWESLEY 9 часов назад

    16:00 simplicity.

  • @ledique6945
    @ledique6945 9 часов назад

    Can u do a video which shows which is the best country that has best quality healthcare 2nd to USA & best tax benefits?

    • @nomadcapitalist
      @nomadcapitalist  9 часов назад +2

      In this recent article, we list the top 10 countries for medial tourism and overseas healthcare: nomadcapitalist.com/global-citizen/freedom/countries-with-the-best-healthcare/

    • @ledique6945
      @ledique6945 8 часов назад

      @nomadcapitalist 🤗🤘

    • @orangelily935
      @orangelily935 6 часов назад +1

      Most of your guest speakers from conservative world 😂, invite some left wing next time

  • @WhatChusuei
    @WhatChusuei 7 часов назад

    Just here to say, "hey-la" =)

  • @cali4tune
    @cali4tune 2 часа назад

    No doubt there are problems with the US and in particular relating to taxes and regulations. We are working on those problems and I think we will see positive changes in the next 4 years. Trump is going to make big changes.

  • @MercuryWolff
    @MercuryWolff 3 часа назад

    18:36 100,000%

  • @jejudo3000
    @jejudo3000 7 часов назад +1

    It’s taxes and all the reporting. If he’s a UK citizen, I guarantee he won’t renounce

  • @sublimekma
    @sublimekma 4 часа назад

    Giving up US citizenship is the worst advice on the internet today.

  • @iLibertyWomanWorthy
    @iLibertyWomanWorthy 9 часов назад +2

    I admire your decisions for your life. You're brave, gutsy, intelligent, inspirational. You deserve the best life you choose and create for your life. I wish you the best and healing for your childhood wounds or pains you ma have experienced. More power to you. Thank you for sharing your knowledge. I wish you joy and peace.

    • @nomadcapitalist
      @nomadcapitalist  9 часов назад +1

      Thank you for your kind and thoughtful words!

    • @stevebishop3796
      @stevebishop3796 8 часов назад +2

      I echo the sentiment. We, as kids, can be vulnerable and cruel group. I teach my son not to do anything you wouldn't want done to you. It seems to somewhat correlate to the level of the persons education, too.

  • @nikk3251
    @nikk3251 10 часов назад +1

    Sounds brilliant and courageous Andrew. Sticking to your principles well done 👏👏💜

    • @decTac
      @decTac 9 часов назад

      He's a man! 👍

  • @GrantMcLeod-u2r
    @GrantMcLeod-u2r 6 часов назад +1

    Upon death, will you return to the US ?

    • @prettybrwneyez7757
      @prettybrwneyez7757 5 часов назад

      I’m not. I already told my kids to throw my ashes in the Atlantic!

  • @Escape_The_Mundane
    @Escape_The_Mundane 7 часов назад

    A northern country. Where is germany. 8 hours plane flight. Where is china, 15 hours plane flight. I am from Maryland, United States has great wonderful nature and a positive attitude for future.

  • @ayoubmechboukh8357
    @ayoubmechboukh8357 10 часов назад +2

    I pray they never get him

  • @syedhadi5339
    @syedhadi5339 5 часов назад

    You could have lived anywhere else, without giving up your citizenship.
    It's not the country you are running away from ,but it's rather u r running after your last Dollar.
    How much is enough,I guess I will never know, because I never had enough in reality.
    U r a very interesting and an intelligent person.
    Don't take things so seriously. 😅

  • @rodneysolgonick7021
    @rodneysolgonick7021 11 часов назад +1

    GE

  • @mikek3124
    @mikek3124 9 часов назад

    216/440 here- big fan Andrew I aspire to be a high roller and use your services. Love the videos.

    • @nomadcapitalist
      @nomadcapitalist  9 часов назад

      Thank you for the kind words. There is no income requirement for Nomad Capitalist Live where we would be glad to welcome you - nomadcapitalist.com/live/

  • @tjacobsen5131
    @tjacobsen5131 9 часов назад

    You didn't need to leave the US in order to renounce your contracts with the government. Haven't you read Fruit from a poisonous tree by Mel Samper?

  • @miv366
    @miv366 5 часов назад

    It’s ironic that you are passing judgement on the lady that doesn’t know geography while complaining about judgmental society.hmmmm
    I came to get convinced, but none of your reasons seem particularly like “real” problems. You do you, but your reasons sound a bit shallow to me.

  • @ShaareiZoharDaas
    @ShaareiZoharDaas 5 часов назад

    Too bad because Trump will save America.

    • @birdlover7776
      @birdlover7776 2 часа назад

      Ya don’t say. Have some more kool aid…