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Not going to happen Andrew. The USA needs capital inflows to continue growing and we aren't about to induce capital flight with higher taxes. Look instead for (hopefully) massive federal spending cuts and a huge reduction in the Federal (non) work force.
@@jager6863 The party that overspends most just won all three branches and is already creating extra layers of bureaucracy like DOGE. Cuts aren’t coming. Just the opposite is. trump and his cronies will strip mine this country and leave a gaping hole in its place.
@@teru797Really? Medicare and medicaid are trillions of dollars in debt and very poorly managed! Do you really think government run anything is better? All you get is double the cost and half the efficiency! No Thanks!
Bannon isn’t Trump’s advisor now. Also, You’re ignoring the many other statements from Trump showing he’s leaning towards eliminating income taxes altogether. Catchup
@ It’s possible the IRS since their infrastructure would still be necessary to some degree for collecting the revenue, just in different forms instead of income taxes.
@@rickstokes2239 ok but it's going to be difficult for the middle class and working class if Trump put tariffs on in put goods the price will be higher so more money for groceries
True, but the policies trump proposed during the campaign will increase our taxes. At best we’ll be break even with no taxes on overtime (if your hourly).
@@starletsatori8933Those cuts benefitted mainly the wealthy, with comparative crumbs thrown to the hoi polloi to keep them from getting into a "French Revolution" mindset. And any such cuts now would be at best neutralized if the Mump Administration actually puts its ill-conceived tariff regimen into effect. No joy for the working class on the horizon.
Monopolies do have to compete in a real free market economy. The US is a crony-capitalistic state. The gov protects monopolies even if they do "break them up". The problem with everything in this world is government
Monopolies don't exist in free markets. If you study the history of monopolies in America, the only ones which arise and persist existed due to government protection. THAT is how monopolies happen, not when there is real competition among businesses.
@@TeddyLeppard They currently exist, they are called Blackrock, State street and Vanguard. Guess who requires D.E.I to invest and hold capital in your business that's right the three largest corporate investment firms in the world. Aka Corporatocracy a form of "monopolies" that run the government.
@@homeswithland the corporations control and pay out the government, thats why they control it. its not the governments fault, its the fault of the state for not being strong enough to not be bribed. a weak government will always be bribed.
RFK Jr. is being made head of health and human services at the Federal government level, and the Dept. of Education is planned to be eliminated. We'll see what happens, but that's what Trump was elected to do.
Republicans wanna get rid of the Department of Education instead of revitalizing it changing things making it so these old folks in office understand how things work in the new world of technology but no no they just rather get rid of it or have Elon Musk take control of the government
Any country that would put Trump in office TWICE is doomed. He's a con artist and a criminal. Now a convicted felon who can't even travel to lots of countries. He's also at death's door physically and managed to get half the country (and most of the world) to hate his guts. His own people are taking pot shots at him.
Many countries started from nothing after ww 2 rebuilt became wealthy and then crashed again like japan and Germany. its not a matter of just the usa. it's who the rich supported which is places china who stole from them and are more powerful then they are. the rich can run but sooner or later they are paying somone for the privileges negotiated but did not really earn from there own hard work but rather mostly from there employees. Most Middle class people support the countries that support there freedom. Supporting morally bankrupt countries is wrong.
He's far more manipulative than you're giving him credit for. He has the 'ear' of millions of MAGA supporters. Bannon fancies himself as a kind of éminence grise.
@ No one I know cares what he thinks. He’s always been a fringe character and now he’s mostly not respected. So no his opinion doesn’t matter. Trump, Musk, Vance, etc. matter.
@@gabeg2434Pay attention to what MAGA is saying and the bedfellows they are collecting on the socialist left. MAGA is based on the same fallacies that left wing socialism is based on. Like zero sum economics.
Nobody should pay any tax other than a flat-rate consumption tax on finished consumer products with no deductions, credits, or exemptions for anybody. Taxes should only be paid at the end of the productive cycle of capital, which is consumption. Thus, only a flat-rate consumption tax on finished consumer products is the fair way to create tax revenue. There would be no deductions, credits, or exemptions for anyone; the consumption tax is relative to the ability to spend and consume. To implement this would require a Federal constitutional amendment that applies to the federal government and to every state, territory, and possession.
A flat tax on consumer goods would not pull anywhere near enough revenue from the poors to even run street lamps and sewage treatment plants. Wealthy people don't eat proportionately more cheerios than poor people, wealthy people spend the same amount on cheerios and bank the rest. A consumption tax is just another scheme to shift the tax burden onto the backs of those least able to afford it. It's not practical, the math doesn't work.
Hey I’m not against this but how does this not encourage hoarding? Tax exemptions in a way force people to spend thus helping keep the economy going. Am I wrong? What mechanism will keep that going?
"Experience demands that man is the only animal which devours his own kind, for I can apply no milder term to the general prey of the rich on the poor." -Thomas Jefferson
All taxes are income taxes. Trump wants to shift taxes and increase them. He increased import taxes and going to increase them more. It's odd to trust a government to lower taxes. Government wants money and the only way it can get them is by robbing its slaves aka citizens.
There will not be any significant changes re:taxes. The sub 300k a year will pay more (which they cant afford) but that is how it goes here. I dont mind paying taxes, but i pay a lot and get zero for it. At least in other countries you get something for it. That being said, i want to leave for many reasons.
YES! This is the truth of what’s going on in the United States. The ultrarich have 100 loopholes to get out of paying taxes. And everybody else pays taxes and gets very little for it! I’m from what the economist have been saying Trump’s plan actually does reduce taxes for the top 2% by 4 to 7%. So I don’t know what Steve Bannon is talking about but as long as Elon and other oligarchs, in Trump’s ear and feeding him money, milking the rich is not going to happen.
Thank you for sharing your thoughts. Many people feel the same way about wanting more value for their taxes. The good news is that there are countries where taxes are more aligned with the services and quality of life you receive. If you're considering leaving and exploring your options, we'd be happy to help. Feel free to reach out: nomadcapitalist.com/apply/.
"$100 for Medicare for all... more than that..." How come all other Western democratic nations can afford Universal Health care and America (the richest contry) can't? I have no health insurance, and if I get sick or hurt I can go to the hospital and get treated or operated on for free. The taxes I pay to the New Zealand governmetn totally cover it. Why doesn't America have that?
The 1950s topped the list of America's greatest decades. The top statutory tax rate in the 1950s was much higher (91%) than today's rate of 37%, the effective tax rate for the top 1% was lower due to numerous deductions and loopholes. In reality, top earners in the 1950s were paying about 42-45% of their income in taxes, while today, it's closer to 26-28%.
@@shawn47240 I feel your sentiment, but every decade has its drawbacks. In 30 decades people are going to be offended by people saying they would go back to the 2020s when trans people and immigrants were targeted. And while I understand that as a minority myself, you can still say that there were some good things in a decade that would be undesirable for you personally. Economically speaking the U.S. was objectively at its peak- for the most amount of people- in the 1950s, regardless of social issues at the time. Full stop.
Jobs were created during the social democracy era. FDR created over 13 million jobs and this was during the Great Depression. Libertarianism has shipped millions of jobs overseas.
@@dawnaker725 Seriously!? Isn't this rallying cry, a bit stale by now? Venezuela stopped manufacturing & place all it eggs in one basket with oil. Remember, that we were seizing their food shipments too. By social democracy, I mean USA 1933-1980, Norway, Sweden, Finland, France, Germany, Australia, Japan & so on...
You can’t have your cake and eat it too. The American government should be primarily concerned with the people living within its borders first and foremost. Why on earth should it bend over backwards to take care of people who are seemingly very willing to jump ship just because they’re not making enough money to buy that third yacht? If you want to go, then you should go, but don’t act like the government owes it to you to be per concerned with your finances. If you aren’t willing to pitch in, why should the government be willing to help you?
"No man has a natural right to commit aggression on the equal rights of another; and this is all from which the laws ought to restrain him." -Thomas Jefferson
The issue with leaving the US now is that the US maintains a liberal, rules-based order. If the US becomes isolationist, the entire system will fall apart, and all other countries will follow their geopolitical interests. If you want to truly ‘leave’ the US, your options are Russia or China. Self-reliant states, most importantly.
The US is facing a rapid culture change there demanding more from the Washington there's an anger brewing as to we pay high taxes but don't get much in return we still have to fork out on healthcare and education while Washington is too busy financing proxy wars and spending its wealth on its defense dept 😩
As a Black American I’m mainly more concerned about the open borders , crime , inflation/recession, high gas prices , the complications of taxes can be diverted at a slower and more precise pace so let’s just see how trump will handle the tax system.
@@UserUser-zc6fxI’m a libertarian who is politically similar to Andrew. I would say it’s more likely he doesn’t care about these things because he doesn’t live here. How much do you care about immigration in the UK? I don’t give a shit about it I care about here because for now I have to live here.
@ Trump has NEVER condone any type of open borders in facts he is the only president to spend the highest amount of funds to build us an secure border wall with more trained border patrols , please stop with your gaslighting tactics it’s one of the prime reasons as to why the democrats lost the election ..
That “culture” or mindset you found in the US is exactly the same in Latinamerica. I’m actually surprised because I didn’t expect them to be so similar. Everyone in Latinamerica thinks that taxes should only apply to people who make $1 more than they do (and up).
At @3:20 strongly dissageree with you on this- you mention high tax European countries and that they do get things for their taxes THEN then next sentence...they want college etc paid for...(meaning in US.) Making it seem like excessive demands for "entitlements." And you use it as a negative, in the countries you just highlighted they do in fact make college affordable for the working/middle class- THIS IS FACT, look at cost of college in European countries it's affordable for THE PEOPLE. They also have healthcare. If folks can't afford higher ed and health insurance then we do have a problem, which is what we are seeing now, so I don't think you articulated your reasoning clearly. It was simply hyperbolic. The only people who don't pay Federal taxes are those are are in deep poverty. Creating a permanent underclass IS NOT the way to lead to a stable nation.
Can't wait to leave this place; planning on moving to Dubai soon. As a radiologist who does pretty well for themselves, I wish my tax rate began with a 4. When all is said and done, a little over half is taken, what a complete joke.
Trump campaigned on eliminating income tax and greatly reducing government spending. He needs to honor his promise. No one should be soaked for any reason.
Yeah he won’t honor Jack shit. No one remembers what happened 4 years ago in this dumbass country. They just slurp the right wing propaganda with no brains.
Trump campaigned on eliminating income tax on TIPS only, not on going all the way and getting the FairTax implemented (eliminates the income tax, gets rid of the IRS, imposes a reasonable national sales tax to fund the Federal government and does away with the tens of thousands of tax loopholes people use to avoid paying taxes). It's correct that less than 1/2 the US population pays Federal taxes. That dangerous disconnect has led to entitlement syndrome for these people. They receive benefits without the responsibility of having to pay for them. That has to change.
No he did not. He campaigned on eliminating taxes ON TIPS. There is a way to eliminate the income tax, eliminate the IRS and eliminate tax reporting with annual tax filing. The way you get there is the FairTax. Look it up.
As a employer .The best investment is to make sure your workers are taken care of and not treat them as a disposable commodity. The assin of the United health care CEO came from a wealthy family who was well educated and had plenty of wealth .It's the wealthy that would lead to revolution, not the poor .
Sun Tzu said the good general treats his soldiers as his own sons. "Regard your soldiers as your children, and they will follow you into the deepest valleys; look upon them as your own beloved sons, and they will stand by you even unto death."
You’re a good employer. And sadly, in the vast minority. I’ve worked for 5 organizations and only 2 of them treated employees like people and not trash. I now get most of my money as an independent contractor.
Medicare for all is not viable. Medicare as it already stands is not financially viable. SS is also not viable as it stands. The US government needs to cut spending dramatically and raise taxes if it wants to steady the ship. Instead it's going to keep blowing insane amounts of money in Israel, Ukraine, and all over the world while spending absurd amounts at home as well. The US government already hit the iceberg IMO. It's over.
When was it pleasant? Not in my 70 years. 🤔🤨 Edit; Dan Pena and his ilk doesn't really help your argument. He's creating more Luigi's than anything else.🤷🏿♂
Tariffs work better as a negotiating tactic than as an economic plan. Of course tariffs end up being paid by Americans because they are a form of protectionism. On the other hand, China has gotten very, very wealthy by product and tech dumping in the US and from stealing intellectual property from more free countries, while they protect their own markets from competition from outsiders. That has to stop.
A role of a corporation isn’t just to extract the maximum profit from the society to benefit a few. Like locusts??? so no responsibility to the society at all? Leeches?? What are we talking about here
Don't want to pay your part in this society? Don't try to make money in this society! It's all about a fair share. Regular people don't know how to pay for their groceries and the rich are worried about their luxurious lifestyle. Should the entrepreneur have a good Income? Of course! But it seems like the greed among the super rich is to high. The big companies are leaving? Good! Let the Mom&Pop stores and small local factories make the money again!
I like Vivek much more than Trump. I would like to see a 1000% tax on Stock BuyBacks, that would help balance the budget. That would bring in trillions or eliminate this practice which destroys shareholder value and only increases Officer stock related bonuses and bring back reasonable dividends. CEOs are a leach upon society.
Very true. Most Americans voted Trump because of the bad economy (inflation), illegal immigration, and crime. Taxes were in the mix because lower taxes are part of having a stronger economy though.
My wife finally woke up and is willing to move to Thailand due to her displeasure with this country's ethos. Thai language has very easy grammar but you must learn a lot of vocabulary.
I'm going to look into these alleged quotes of Bannon to see if these are even accurate. They may be taken completely out of context, or he could be saying these things from the point of view of trying to prevent a Communist-styled social revolution in the US.
I feel like everyone who supports the richest life style should be allowed to show up to work and not work since they want and do the same. Live in places just to avoid paying taxes. If you don't agree with spending but you had the most power to change that spending. It like ordering food and walking out on the bill. America got bad because to many people did that. They don't wanna pay for good serivce or a good country they just wanna walk out on the bill every single time and blame somthing they probably had more control over then anyone else.
Excellent podcast . Thank you Andrew . A real entrepreneur is not attached to any specific place or fiscal system , but chooses the ideal legal and fiscal system where to base their corporation . A true entrepreneur does not take emotional decisions .. if anyone questions your patriotism and your love of “your country” , they should then stay where they are .. where they belong ..
Steve Bannon understands "the rich" created American Culture.....all the good and the bad...and he understands the people they created are "emotional" and not necessarily "intelligent" and that those same emotional people are eventually going to get tired and when that happens the pitchforks come
then your guys will be taxed more. they do not earn 10 million a year. they harvest that money far beyond their wealth in the organization. the gov provides that type of playing field in the modern world. not many are against those who are actually productive who bring wealth to a country. most of the well paid individuals in the usa work to take away wealth from the country. claim your libertarian allegiance but a country is a social model with some freedom for independent behavior but not to the point of destroying a valuable class of people or destroying the educational system or shipping jobs overseas while profiting off sales at home. Hopefully, Trump understands Bannon who is supporting regular americans who have been screwed by modern america.
Thank you for your comment. In this video we clear up misconceptions about the US exit tax and explain the actual costs involved in leaving the USA: ua-cam.com/video/D4GWcadvP78/v-deo.html
Have to be honest. Hate high tax and big government but maybe they're talking about people paying zero. Then again the taxes will mostly go to Israel who they.
Some of the happiest countries of the world are the Scandinavian countries and Finland. Commen element is they pay high taxes and get free healthcare and education. The corporation taxes back in the 80s was high over 50% and there was a middle class. The corporation taxes have been cut down to almost single digits. That destroyed the middle class . It turned the middle class into the poor class. To the point they can barely afford groceries, cant afford health insurance and the price of college isnt attainable for most Americans. Prices of house ? No one can afford that.
In a recent article, we discussed the best countries to live in, including the happiest country in the world: nomadcapitalist.com/global-citizen/best-countries-to-live-in/. If you're looking to explore options, our team would be happy to assist: nomadcapitalist.com/apply/
There is a lot of depression due to bad weather anywhere further north than the middle of Germany. Life is also very hard in the winter. Also, there is a reason why Scandinavia has such an especially small population.
As a libertarian, I don't think there was a winner on either side really, but I thought we would get a better outcome. The culture here is scary. I'm planning on Ireland for retirement.
I won't mention names or acronyms so they leave me be, but it doesn't matter if you're just relaying pertinent information. If it's negative or isn't beneficial to a certain group, they are coming for you in the comments.
My belief is most large corporations are holding most of the wealth and power in the US. We need to start focusing on supporting our communities and not feeding corporate profits.
Andrew is inspiring more American than most Americans hell veterans I served with he was born in the US and believes in his rights and will do anything to stand up for that even living the crappy USA as a veteran I am proud of him at least he has the balls to leave! I hope to leave soon as well this country is soo lost it’s ridiculous
Its really hard to be patient with Musk. He isn't really American but a pretender. Telling us what to do is a hard pill. He is smarter and hopefully this goes away but man, seeing a guy like that go down is a temporary sigh of relief in such a horrible world.
If the US does not implement a Hong Kong or Singapore style tax system for individuals and business entities, then I am all for increasing taxes on the billionaire Democrat donors like Bloomberg and Soros who do their best to destroy my freedoms and thr family unit. I'm all for increasing taxes on corporations that move manufacturing jobs in the US, then make the same vehicle in Mexico with lower quality and charge a price as if the labor costs are union wage. That said, I am all for ending world-wide taxation on US citizens, along with the IRS intrusion as to whether I have $5,000 in offshore banks.
Bannon is not in Trumps hip pocket. There are many reasons to move to another country but give Trump a chance and don’t simp for business from the disgruntled liberals on the back of speculation.
For the past 50 years the US has been the world's consumer of last resort, keeping the world's manufacturing machine's wheels turning smoothly. Enter the Great Financial Crisis of 2008, and the exporting countries are just screwed. China, a fuera! Germany, a fuera! The EU, a fuera! Viva Monroe Doctrine! How many battalions does Denmark have? Panama? Nomads had best start ranging a bit closer to home, and keep those tariffs always in mind.
When talking Trump & MAGA, I’m recalling a quote from All the President’s Men when Deep-throat tells Woodward, “The truth is, these are not very bright guys…”
Great video. I feel neither US political party has our best interests at heart. I would love to move but my wife wants to stay. I bring it up and she has no interest.
There are a lot of good options - Ireland, Switzerland, Uruguay, Chile (not sure if that one is easy), Mauritius, etc etc. Oman, that is a new one but its certainly a place I plan on visiting and do have an investment there - never thought of it as a potential expat/haven place.
Thank you for sharing your thoughts! There are many great options, each offering unique advantages depending on your personal goals. If you’re considering exploring these countries and more, our team would be happy to assist you in creating a personalised plan that aligns with your preferences: nomadcapitalist.com/apply/. Also, don’t miss Live Like a King Oman, premiering on 31st January!
I am no expert, but I don't think anyone should pay more than 9% in taxes, in the bible God require 10% why should I pay the government more than God wants.
Nice strawman at 11:10 Andrew, lol. Good video though! Gotta admit I really hate all the chaos in NA right now, my investment manager had to talk me off the ledge last month. 😄
The three primary issues beyond too much spending are entitelements and their viability. Much discussion about resetting tax rates on Social Security for retirees; an easy way to offset would be extended SS tax above current max and/or limiting access to wealthy.
We should be looking at what works in healthcare in other countries roll it out slow in areas of most need. We need to get the insurance company’s and corporations out of the room and then later after decision are made tell them what they will do while showing them the exit!
Obama tried to get their buy in with Affordable Care Act,may states then went against it, and refused it for their citizens, then big insurance started to pull it apart bit by bit.
Steve Bannon is not part of the administration this time around. Go where you're treated best is not going to work well if the country where you pull most of your clientele starts to become better. Just saying. Always follow the money
That's why the government puts it's picture on every bill it prints and every coin it mints. Money is government property, therefore it alone has the right to dictate how much taxes are paid and what it does with the tax money because the government owns it. This idea that we earned our wealth and therefore I own it, is wrongheaded thinking and it gets a lot of people in trouble.
So in that case if government take your earned "government money" they must back you your work what you give for that money and allow people to choice which "property" they want in exchange for work done or you live in some dictatorship?
@noelg9795 My point is, everyone, everywhere must submit to whatever govt rule you live under. Otherwise, the alternative is chaos and that's why money is only an exchange of your labor or goods, no one could ever lay claim to it because it's strictly government property.
Any political influencer (Steve Bannon) calling their particular movement anything "nationalist" should be shunned. It's a scary "us vs them" divider, which in the long run only leads to bad things!
A great video by Andrew. Here, he shows us examples of what can be construed as the evolving Uniparty in the United States. Pretty scary to think about it. And I say this as a Conservative myself.
He makes some fundamentally incorrect assumptions about Steve Bannon's influence over Trump, but the larger question regarding how much the US can change from its current trajectory is a good one.
Do you appreciate conservative culture but don't want to be soaked with taxes? We just released Live Like a King in Yerevan, where we explore surprising investment, banking, currency diversification and residence opportunities in the conservative haven of Armenia: ua-cam.com/video/NPfb9qTpzKA/v-deo.html
All the US needs to do is adopt a basic health care system like every other first world nation. This is ridiculous.
Nah I hate all conservatism.
Not going to happen Andrew. The USA needs capital inflows to continue growing and we aren't about to induce capital flight with higher taxes. Look instead for (hopefully) massive federal spending cuts and a huge reduction in the Federal (non) work force.
@@jager6863 The party that overspends most just won all three branches and is already creating extra layers of bureaucracy like DOGE. Cuts aren’t coming. Just the opposite is. trump and his cronies will strip mine this country and leave a gaping hole in its place.
@@teru797Really?
Medicare and medicaid are trillions of dollars in debt and very poorly managed! Do you really think government run anything is better? All you get is double the cost and half the efficiency!
No Thanks!
Bannon isn’t Trump’s advisor now. Also, You’re ignoring the many other statements from Trump showing he’s leaning towards eliminating income taxes altogether. Catchup
yhea its not as much as dooms day scenario for high wealthy persons as it sounds like !
So u think that trump will take out the IRS for good and put in tariffs
@ It’s possible the IRS since their infrastructure would still be necessary to some degree for collecting the revenue, just in different forms instead of income taxes.
@@rickstokes2239 ok but it's going to be difficult for the middle class and working class if Trump put tariffs on in put goods the price will be higher so more money for groceries
Yeahhhhh I doubt that. Lots of big talk that will all be forgotten the minute the neocons start a war
Really I wouldn’t give Steve Bannon too much credit for influencing policy decisions
True, but the policies trump proposed during the campaign will increase our taxes. At best we’ll be break even with no taxes on overtime (if your hourly).
No, not so. He wants to make permanent the tax cuts from 2017.
@@strawdemindset That's another false assumption. Where are you getting this from?
@@starletsatori8933Those cuts benefitted mainly the wealthy, with comparative crumbs thrown to the hoi polloi to keep them from getting into a "French Revolution" mindset. And any such cuts now would be at best neutralized if the Mump Administration actually puts its ill-conceived tariff regimen into effect.
No joy for the working class on the horizon.
@@TeddyLeppardLooks like from what Trump or his posse actually said during the campaign.
We don't want monopolies, the rich have to compete
Monopolies do have to compete in a real free market economy. The US is a crony-capitalistic state. The gov protects monopolies even if they do "break them up". The problem with everything in this world is government
Monopolies don't exist in free markets. If you study the history of monopolies in America, the only ones which arise and persist existed due to government protection. THAT is how monopolies happen, not when there is real competition among businesses.
@@TeddyLeppard They currently exist, they are called Blackrock, State street and Vanguard. Guess who requires D.E.I to invest and hold capital in your business that's right the three largest corporate investment firms in the world. Aka Corporatocracy a form of "monopolies" that run the government.
@@homeswithland the corporations control and pay out the government, thats why they control it. its not the governments fault, its the fault of the state for not being strong enough to not be bribed. a weak government will always be bribed.
@@TeddyLeppard Yeah, even with real competition monopolies form. Why do you think otherwise?
The US is screwed...between poor health/nutrition and poor education, it's over. What a mess!
RFK Jr. is being made head of health and human services at the Federal government level, and the Dept. of Education is planned to be eliminated. We'll see what happens, but that's what Trump was elected to do.
Republicans wanna get rid of the Department of Education instead of revitalizing it changing things making it so these old folks in office understand how things work in the new world of technology but no no they just rather get rid of it or have Elon Musk take control of the government
@@melissaharper2239 been hearing that for decades.
Any country that would put Trump in office TWICE is doomed. He's a con artist and a criminal. Now a convicted felon who can't even travel to lots of countries. He's also at death's door physically and managed to get half the country (and most of the world) to hate his guts. His own people are taking pot shots at him.
Many countries started from nothing after ww 2 rebuilt became wealthy and then crashed again like japan and Germany. its not a matter of just the usa. it's who the rich supported which is places china who stole from them and are more powerful then they are. the rich can run but sooner or later they are paying somone for the privileges negotiated but did not really earn from there own hard work but rather mostly from there employees. Most Middle class people support the countries that support there freedom. Supporting morally bankrupt countries is wrong.
I don’t think you can rely on Bannon’s opinion. He doesn’t have Trump’s ear.
The immigrant Elon Musk the richest man in the world and an immigrant who wants to turn our country into where he came from
He's far more manipulative than you're giving him credit for. He has the 'ear' of millions of MAGA supporters. Bannon fancies himself as a kind of éminence grise.
@@modfus
Exactly 💯
@ No one I know cares what he thinks. He’s always been a fringe character and now he’s mostly not respected. So no his opinion doesn’t matter. Trump, Musk, Vance, etc. matter.
@@gabeg2434Pay attention to what MAGA is saying and the bedfellows they are collecting on the socialist left. MAGA is based on the same fallacies that left wing socialism is based on. Like zero sum economics.
Nobody should pay any tax other than a flat-rate consumption tax on finished consumer products with no deductions, credits, or exemptions for anybody.
Taxes should only be paid at the end of the productive cycle of capital, which is consumption.
Thus, only a flat-rate consumption tax on finished consumer products is the fair way to create tax revenue.
There would be no deductions, credits, or exemptions for anyone; the consumption tax is relative to the ability to spend and consume.
To implement this would require a Federal constitutional amendment that applies to the federal government and to every state, territory, and possession.
A flat tax on consumer goods would not pull anywhere near enough revenue from the poors to even run street lamps and sewage treatment plants. Wealthy people don't eat proportionately more cheerios than poor people, wealthy people spend the same amount on cheerios and bank the rest. A consumption tax is just another scheme to shift the tax burden onto the backs of those least able to afford it. It's not practical, the math doesn't work.
I agree but that does require some sort of protectionistic measures to defend from other countries which is quite unfortunate but still a neccesity.
Hey I’m not against this but how does this not encourage hoarding? Tax exemptions in a way force people to spend thus helping keep the economy going. Am I wrong? What mechanism will keep that going?
@@theonlybenbakerit would naturally happen
I don't care what taxes there are as long as georgism is included
"Experience demands that man is the only animal which devours his own kind, for I can apply no milder term to the general prey of the rich on the poor."
-Thomas Jefferson
Thomas Jefferon was a floozy
Considering that Trump wants to eliminate income taxes altogether, this is an odd video.
All taxes are income taxes. Trump wants to shift taxes and increase them. He increased import taxes and going to increase them more. It's odd to trust a government to lower taxes. Government wants money and the only way it can get them is by robbing its slaves aka citizens.
There will not be any significant changes re:taxes. The sub 300k a year will pay more (which they cant afford) but that is how it goes here.
I dont mind paying taxes, but i pay a lot and get zero for it. At least in other countries you get something for it.
That being said, i want to leave for many reasons.
YES! This is the truth of what’s going on in the United States. The ultrarich have 100 loopholes to get out of paying taxes. And everybody else pays taxes and gets very little for it!
I’m from what the economist have been saying Trump’s plan actually does reduce taxes for the top 2% by 4 to 7%. So I don’t know what Steve Bannon is talking about but as long as Elon and other oligarchs, in Trump’s ear and feeding him money, milking the rich is not going to happen.
Thank you for sharing your thoughts. Many people feel the same way about wanting more value for their taxes. The good news is that there are countries where taxes are more aligned with the services and quality of life you receive. If you're considering leaving and exploring your options, we'd be happy to help. Feel free to reach out: nomadcapitalist.com/apply/.
@elsa_nyc lets talk about this, in bed
If I sacrifice 36% of my income so should the rich
"$100 for Medicare for all... more than that..."
How come all other Western democratic nations can afford Universal Health care and America (the richest contry) can't?
I have no health insurance, and if I get sick or hurt I can go to the hospital and get treated or operated on for free. The taxes I pay to the New Zealand governmetn totally cover it.
Why doesn't America have that?
The 1950s topped the list of America's greatest decades. The top statutory tax rate in the 1950s was much higher (91%) than today's rate of 37%, the effective tax rate for the top 1% was lower due to numerous deductions and loopholes. In reality, top earners in the 1950s were paying about 42-45% of their income in taxes, while today, it's closer to 26-28%.
@@c0r8d877 such games the governemt plays. Flat or no income tax at federal level . 80% reduction in these agencies
Yeah, the Jim Crow era was the greatest 🤡
The 1950s were the peak era for the US because it came out on top in WW2 with everyone else in rubble.
@@shawn47240 I feel your sentiment, but every decade has its drawbacks. In 30 decades people are going to be offended by people saying they would go back to the 2020s when trans people and immigrants were targeted. And while I understand that as a minority myself, you can still say that there were some good things in a decade that would be undesirable for you personally. Economically speaking the U.S. was objectively at its peak- for the most amount of people- in the 1950s, regardless of social issues at the time. Full stop.
Jobs were created during the social democracy era. FDR created over 13 million jobs and this was during the Great Depression. Libertarianism has shipped millions of jobs overseas.
And socialism worked so well in Venezuela
Now, speak on the damage all of the new agencies FDR created under his Raw Deal.
@@dawnaker725 No one is talking about "socialism". Trump is closer to Maduro than any dem.
@@dawnaker725 Seriously!? Isn't this rallying cry, a bit stale by now? Venezuela stopped manufacturing & place all it eggs in one basket with oil. Remember, that we were seizing their food shipments too. By social democracy, I mean USA 1933-1980, Norway, Sweden, Finland, France, Germany, Australia, Japan & so on...
@@cynjhernit's working quite well there and it can work well here as well.
😂😂
9:12
"Steve Bannon and his CRONIES on the LEFT..."
THUMB DOWN, Andrew
You can’t have your cake and eat it too. The American government should be primarily concerned with the people living within its borders first and foremost. Why on earth should it bend over backwards to take care of people who are seemingly very willing to jump ship just because they’re not making enough money to buy that third yacht? If you want to go, then you should go, but don’t act like the government owes it to you to be per concerned with your finances. If you aren’t willing to pitch in, why should the government be willing to help you?
How about lowering spending
Well people didn’t vote for the party that spends less so good luck with that.
@@jaymum23💯😂
A guy has to pay for his golfing wth...
You mean cutting the Pentagon? No way! It’s a gravy train!
They can’t… every term they have to print more and more than the last
"No man has a natural right to commit aggression on the equal rights of another; and this is all from which the laws ought to restrain him."
-Thomas Jefferson
The issue with leaving the US now is that the US maintains a liberal, rules-based order.
If the US becomes isolationist, the entire system will fall apart, and all other countries will follow their geopolitical interests.
If you want to truly ‘leave’ the US, your options are Russia or China. Self-reliant states, most importantly.
Spot on assessment 💯
The US is facing a rapid culture change there demanding more from the Washington there's an anger brewing as to we pay high taxes
but don't get much in return we still have to fork out on healthcare and education while Washington is too busy financing proxy wars
and spending its wealth on its defense dept 😩
As a Black American I’m mainly more concerned about the open borders , crime , inflation/recession, high gas prices , the complications of taxes can be diverted at a slower and more precise pace so let’s just see how trump will handle the tax system.
Andrew doesn't care about those things because he's a rich libertarian. Those are poor "lazy" people problems.
Well you will have a hard time with your “concerns”. Trumps main campaign promise was about open borders. None of those other concerns matter to him.
Even though I agree that his concerns are for a different platform, your response shows what type of a hole you are. @@UserUser-zc6fx
@@UserUser-zc6fxI’m a libertarian who is politically similar to Andrew. I would say it’s more likely he doesn’t care about these things because he doesn’t live here. How much do you care about immigration in the UK? I don’t give a shit about it I care about here because for now I have to live here.
@ Trump has NEVER condone any type of open borders in facts he is the only president to spend the highest amount of funds to build us an secure border wall with more trained border patrols , please stop with your gaslighting tactics it’s one of the prime reasons as to why the democrats lost the election ..
That “culture” or mindset you found in the US is exactly the same in Latinamerica. I’m actually surprised because I didn’t expect them to be so similar.
Everyone in Latinamerica thinks that taxes should only apply to people who make $1 more than they do (and up).
At @3:20 strongly dissageree with you on this- you mention high tax European countries and that they do get things for their taxes THEN then next sentence...they want college etc paid for...(meaning in US.) Making it seem like excessive demands for "entitlements." And you use it as a negative, in the countries you just highlighted they do in fact make college affordable for the working/middle class- THIS IS FACT, look at cost of college in European countries it's affordable for THE PEOPLE. They also have healthcare.
If folks can't afford higher ed and health insurance then we do have a problem, which is what we are seeing now, so I don't think you articulated your reasoning clearly. It was simply hyperbolic.
The only people who don't pay Federal taxes are those are are in deep poverty. Creating a permanent underclass IS NOT the way to lead to a stable nation.
The only tax cuts should be child tax credits for people who pay taxes.
Having a child is a choice/luxury. I think I should get a tax break on my Ferrari purchase.
You are not a traitor, you are smart and diverse, then proves, we limit ourselves. Go Andrew Go
The smart people are leaving the has-been USA. That could be a signal that it is time to leave?
The super rich are scared 🙏
Can't wait to leave this place; planning on moving to Dubai soon. As a radiologist who does pretty well for themselves, I wish my tax rate began with a 4. When all is said and done, a little over half is taken, what a complete joke.
Trump campaigned on eliminating income tax and greatly reducing government spending. He needs to honor his promise. No one should be soaked for any reason.
Yeah he won’t honor Jack shit. No one remembers what happened 4 years ago in this dumbass country. They just slurp the right wing propaganda with no brains.
Trump campaigned on eliminating income tax on TIPS only, not on going all the way and getting the FairTax implemented (eliminates the income tax, gets rid of the IRS, imposes a reasonable national sales tax to fund the Federal government and does away with the tens of thousands of tax loopholes people use to avoid paying taxes). It's correct that less than 1/2 the US population pays Federal taxes. That dangerous disconnect has led to entitlement syndrome for these people. They receive benefits without the responsibility of having to pay for them. That has to change.
No he did not. He campaigned on eliminating taxes ON TIPS. There is a way to eliminate the income tax, eliminate the IRS and eliminate tax reporting with annual tax filing. The way you get there is the FairTax. Look it up.
He just straight up didn’t run on reducing government spending. In fact he spent more than Biden during his term.
@@riptyurass302 What I came to say and YT deleted my comment. Truth BAD in post-truth TRumpistan.
Tax the rich get money get out of politics
As a employer .The best investment is to make sure your workers are taken care of and not treat them as a disposable commodity. The assin of the United health care CEO came from a wealthy family who was well educated and had plenty of wealth .It's the wealthy that would lead to revolution, not the poor .
The rich don't care.
Sun Tzu said the good general treats his soldiers as his own sons. "Regard your soldiers as your children, and they will follow you into the deepest valleys; look upon them as your own beloved sons, and they will stand by you even unto death."
Every revolution is like that, not a single revolution has been lead by the poor
You’re a good employer. And sadly, in the vast minority. I’ve worked for 5 organizations and only 2 of them treated employees like people and not trash. I now get most of my money as an independent contractor.
According to libertarian think tanks, Medicare for all is much cheaper than what we have now.
Yes it is and states like Massachusetts show us how the country should be operating
Medicare for all is not viable. Medicare as it already stands is not financially viable. SS is also not viable as it stands. The US government needs to cut spending dramatically and raise taxes if it wants to steady the ship. Instead it's going to keep blowing insane amounts of money in Israel, Ukraine, and all over the world while spending absurd amounts at home as well. The US government already hit the iceberg IMO. It's over.
When was it pleasant? Not in my 70 years. 🤔🤨
Edit; Dan Pena and his ilk doesn't really help your argument. He's creating more Luigi's than anything else.🤷🏿♂
This is one of the best streams on UA-cam. It does not matter if you are a man of means or have ambitions to reach that level.
Thank you for watching!
They have come to a point the rich are leaving
Not due to Trump, due to Marxist Democrats.
Nonsense! Raising tariffs on imports isn't soaking the rich.
Did you watch the video? He isn't talking about tariffs.
@@frosty2660well, he didn’t use the word.
Tariffs work better as a negotiating tactic than as an economic plan. Of course tariffs end up being paid by Americans because they are a form of protectionism. On the other hand, China has gotten very, very wealthy by product and tech dumping in the US and from stealing intellectual property from more free countries, while they protect their own markets from competition from outsiders. That has to stop.
Tariffs are just a different kind of sales tax.
So many people have definitely lost their minds.
Death cult
Great informative video.
Thank you!
Steve Bannon is far from left leaning.
The far left and the far right begin to merge at a certain point.
A role of a corporation isn’t just to extract the maximum profit from the society to benefit a few. Like locusts??? so no responsibility to the society at all? Leeches?? What are we talking about here
Don't want to pay your part in this society?
Don't try to make money in this society!
It's all about a fair share. Regular people don't know how to pay for their groceries and the rich are worried about their luxurious lifestyle.
Should the entrepreneur have a good Income? Of course! But it seems like the greed among the super rich is to high.
The big companies are leaving? Good!
Let the Mom&Pop stores and small local factories make the money again!
Define 'fair share'
Mom and Pop stores are not coming back anytime soon in my life! Fed has better options .
I like Vivek much more than Trump. I would like to see a 1000% tax on Stock BuyBacks, that would help balance the budget. That would bring in trillions or eliminate this practice which destroys shareholder value and only increases Officer stock related bonuses and bring back reasonable dividends. CEOs are a leach upon society.
Uhm we VOTED for TRUMP for a PLETHORA of reasons. Taxes were half way down the totem pole of importance….
Reason #1 you're dumb
Very true. Most Americans voted Trump because of the bad economy (inflation), illegal immigration, and crime. Taxes were in the mix because lower taxes are part of having a stronger economy though.
@ protecting FREE SPEECH was probably the NUMBER ONE REASON.
Thanks for sharing 😊 take care
My wife finally woke up and is willing to move to Thailand due to her displeasure with this country's ethos. Thai language has very easy grammar but you must learn a lot of vocabulary.
Just another reason to not trust Bannon.
I'm going to look into these alleged quotes of Bannon to see if these are even accurate. They may be taken completely out of context, or he could be saying these things from the point of view of trying to prevent a Communist-styled social revolution in the US.
Me thinketh always enjoy the non repetitive., concise.........podcasts!@!?😁🤑🤪
I feel like everyone who supports the richest life style should be allowed to show up to work and not work since they want and do the same. Live in places just to avoid paying taxes. If you don't agree with spending but you had the most power to change that spending. It like ordering food and walking out on the bill. America got bad because to many people did that. They don't wanna pay for good serivce or a good country they just wanna walk out on the bill every single time and blame somthing they probably had more control over then anyone else.
Excellent podcast . Thank you Andrew . A real entrepreneur is not attached to any specific place or fiscal system , but chooses the ideal legal and fiscal system where to base their corporation . A true entrepreneur does not take emotional decisions .. if anyone questions your patriotism and your love of “your country” , they should then stay where they are .. where they belong ..
Would that help them stop soaking the middle class?
Steve Bannon understands "the rich" created American Culture.....all the good and the bad...and he understands the people they created are "emotional" and not necessarily "intelligent" and that those same emotional people are eventually going to get tired and when that happens the pitchforks come
What are you talking about?
@TeddyLeppard
Just say you dont understand 😭
U think that trump will make the rich people pay more tax well use working class and middle class should pay less taxes
Steve bannon and trump had a falling out.
then your guys will be taxed more. they do not earn 10 million a year. they harvest that money far beyond their wealth in the organization. the gov provides that type of playing field in the modern world. not many are against those who are actually productive who bring wealth to a country. most of the well paid individuals in the usa work to take away wealth from the country. claim your libertarian allegiance but a country is a social model with some freedom for independent behavior but not to the point of destroying a valuable class of people or destroying the educational system or shipping jobs overseas while profiting off sales at home. Hopefully, Trump understands Bannon who is supporting regular americans who have been screwed by modern america.
Leave and deal with the exit tax?
If you've addressed this in other videos, please share?
Thank you for your comment. In this video we clear up misconceptions about the US exit tax and explain the actual costs involved in leaving the USA: ua-cam.com/video/D4GWcadvP78/v-deo.html
@@nomadcapitalist Thank you!
Have to be honest. Hate high tax and big government but maybe they're talking about people paying zero.
Then again the taxes will mostly go to Israel who they.
Thanks for posting
Our pleasure!
Some of the happiest countries of the world are the Scandinavian countries and Finland. Commen element is they pay high taxes and get free healthcare and education. The corporation taxes back in the 80s was high over 50% and there was a middle class. The corporation taxes have been cut down to almost single digits. That destroyed the middle class . It turned the middle class into the poor class. To the point they can barely afford groceries, cant afford health insurance and the price of college isnt attainable for most Americans. Prices of house ? No one can afford that.
In a recent article, we discussed the best countries to live in, including the happiest country in the world: nomadcapitalist.com/global-citizen/best-countries-to-live-in/. If you're looking to explore options, our team would be happy to assist: nomadcapitalist.com/apply/
Finland? Fins are suicidal en masse.
There is a lot of depression due to bad weather anywhere further north than the middle of Germany. Life is also very hard in the winter.
Also, there is a reason why Scandinavia has such an especially small population.
As a libertarian, I don't think there was a winner on either side really, but I thought we would get a better outcome. The culture here is scary. I'm planning on Ireland for retirement.
I won't mention names or acronyms so they leave me be, but it doesn't matter if you're just relaying pertinent information. If it's negative or isn't beneficial to a certain group, they are coming for you in the comments.
This is exactly what we voted against.
My belief is most large corporations are holding most of the wealth and power in the US. We need to start focusing on supporting our communities and not feeding corporate profits.
All i know is that im in like the top 30 percentile yearly salary in my area and cant afford a house at these prices. The system is broke.
Hmmmm. Tax payers paying for all these wars while the military industrial complex gets rich. When do the people get their cut?
Andrew is inspiring more American than most Americans hell veterans I served with he was born in the US and believes in his rights and will do anything to stand up for that even living the crappy USA as a veteran I am proud of him at least he has the balls to leave! I hope to leave soon as well this country is soo lost it’s ridiculous
Its really hard to be patient with Musk. He isn't really American but a pretender. Telling us what to do is a hard pill. He is smarter and hopefully this goes away but man, seeing a guy like that go down is a temporary sigh of relief in such a horrible world.
What should I poor people do?
If the US does not implement a Hong Kong or Singapore style tax system for individuals and business entities, then I am all for increasing taxes on the billionaire Democrat donors like Bloomberg and Soros who do their best to destroy my freedoms and thr family unit. I'm all for increasing taxes on corporations that move manufacturing jobs in the US, then make the same vehicle in Mexico with lower quality and charge a price as if the labor costs are union wage.
That said, I am all for ending world-wide taxation on US citizens, along with the IRS intrusion as to whether I have $5,000 in offshore banks.
Bannon is not in Trumps hip pocket. There are many reasons to move to another country but give Trump a chance and don’t simp for business from the disgruntled liberals on the back of speculation.
Im currently an American in Tblisi visiting Andrew was right, you can in fact live like a king.
We have an episode showing how to do that: ua-cam.com/video/pmcIz-MhQ8g/v-deo.html
You are certifiable if you think Trump will do anything "lefty loosey" like that.😂
For the past 50 years the US has been the world's consumer of last resort, keeping the world's manufacturing machine's wheels turning smoothly. Enter the Great Financial Crisis of 2008, and the exporting countries are just screwed. China, a fuera! Germany, a fuera! The EU, a fuera! Viva Monroe Doctrine! How many battalions does Denmark have? Panama? Nomads had best start ranging a bit closer to home, and keep those tariffs always in mind.
This.
W/ Elon Musk???? As the richest man in the world?????
When talking Trump & MAGA, I’m recalling a quote from All the President’s Men when Deep-throat tells Woodward, “The truth is, these are not very bright guys…”
Great video. I feel neither US political party has our best interests at heart. I would love to move but my wife wants to stay. I bring it up and she has no interest.
There are a lot of good options - Ireland, Switzerland, Uruguay, Chile (not sure if that one is easy), Mauritius, etc etc. Oman, that is a new one but its certainly a place I plan on visiting and do have an investment there - never thought of it as a potential expat/haven place.
Thank you for sharing your thoughts! There are many great options, each offering unique advantages depending on your personal goals. If you’re considering exploring these countries and more, our team would be happy to assist you in creating a personalised plan that aligns with your preferences: nomadcapitalist.com/apply/. Also, don’t miss Live Like a King Oman, premiering on 31st January!
Bannon is washed out.
I am no expert, but I don't think anyone should pay more than 9% in taxes, in the bible God require 10% why should I pay the government more than God wants.
This is what I always say to people and that is why I pay that rate here in Paraguay, totally happy when I pay it!
I thot Trump hates bannon
I like steve bannon. He went on tim pool and agreed with almost everything. Hes a real populist.
thx
the capital does not have homeland or hearth
Nice strawman at 11:10 Andrew, lol. Good video though! Gotta admit I really hate all the chaos in NA right now, my investment manager had to talk me off the ledge last month. 😄
Thank you for your comment! If you're looking to explore options for greater stability, we'd be happy to assist: nomadcapitalist.com/apply/.
The three primary issues beyond too much spending are entitelements and their viability. Much discussion about resetting tax rates on Social Security for retirees; an easy way to offset would be extended SS tax above current max and/or limiting access to wealthy.
Taxes on good and services are like wars they both stupid
Nobody wants them except for those who exercise them
Last time I looked Steve Bannon wasn't the guy elected as the President.
Do you agree a 50% tax is OK IF you get the healthcare and other benefits that Germany, Denmark and others get ?
No.
i would take that but in a shithole like da states no
We should be looking at what works in healthcare in other countries roll it out slow in areas of most need. We need to get the insurance company’s and corporations out of the room and then later after decision are made tell them what they will do while showing them the exit!
Obama tried to get their buy in with Affordable Care Act,may states then went against it, and refused it for their citizens, then big insurance started to pull it apart bit by bit.
Let the rich pay their taxes
Steve Bannon is not part of the administration this time around. Go where you're treated best is not going to work well if the country where you pull most of your clientele starts to become better. Just saying. Always follow the money
Read my lips, no new taxes
😂........tariffs.....Will do that.....enjoy
He will cut taxes hehe.
That's why the government puts it's picture on every bill it prints and every coin it mints. Money is government property, therefore it alone has the right to dictate how much taxes are paid and what it does with the tax money because the government owns it. This idea that we earned our wealth and therefore I own it, is wrongheaded thinking and it gets a lot of people in trouble.
So in that case if government take your earned "government money" they must back you your work what you give for that money and allow people to choice which "property" they want in exchange for work done or you live in some dictatorship?
@noelg9795 My point is, everyone, everywhere must submit to whatever govt rule you live under. Otherwise, the alternative is chaos and that's why money is only an exchange of your labor or goods, no one could ever lay claim to it because it's strictly government property.
Ya I with you. But don't move to Mexico it's not any better. But there are lots of better places to go.
Bannon talks the tallks. But the policy Trump use is usually 180 degree of his advise.
Any political influencer (Steve Bannon) calling their particular movement anything "nationalist" should be shunned. It's a scary "us vs them" divider, which in the long run only leads to bad things!
Monopoly giant companies don’t compete anyway. Small businesses do here in the US.
how about unrealized gains under harris admin
How about that?? Crazy broad.
A great video by Andrew. Here, he shows us examples of what can be construed as the evolving Uniparty in the United States. Pretty scary to think about it. And I say this as a Conservative myself.
He makes some fundamentally incorrect assumptions about Steve Bannon's influence over Trump, but the larger question regarding how much the US can change from its current trajectory is a good one.
THRIVE IN '25! 🍾 🥂💃🕺
Great rebuttal to Steve Bannon rhetoric.