Quote: (10-23-2011 09:27 AM)Vicious Wrote:
Quote: (10-23-2011 01:56 AM)Big Nilla Wrote:
an interesting plan, but if you have $300.000 to throw around like that to begin with then your economy is hardly a problem for you to begin with. So I'm not sure what your goal is.
A lot of reasons/goals...
1. If I'm making over $1 million a year (I'm not now, but looks like I will soon enough), I'd rather "pay" years of 0% tax on it instead of 40% + to US govt that represents everything I hate and will just use my money against me. (Rapid wealth accumulation.)
2. $300,000 isn't a lot of money in the USA for the life I want to live. Right now I'm well below the $2 million net worth that triggers a 30% exit tax. The HIRE ACT that goes into effect Jan 1, 2013 will institute capital controls on Americans. Best to just get out asap before US govt gets desperate and puts more controls in place to keep wealthy Americans and their money in the US where the US govt can do/take whatever they want. (I'd renounce even if US economy was going good. I have to look at what's best for my personal 1-man economy.)
3. A better, happier, less stressful future elsewhere (true freedom).
4. Don't want my 2 sons going to American schools for indoctrination and dumbing down. (Plan to homeschool, but they're only 4 and 3 now and need a plan B just in case homeschooling is harder than I think. Not worried about socialization... plenty of other ways to socialize kids besides in schools.)
5. Don't want my kids growing up in typical American suburb where people/families are isolated from each other and barely know their neighbors and have no sense of community. (With my wealth advantage in a country like Panama, I could use the money to create the type of community I want my sons to live in while playing a "Godfather" type role in it. I can be a benevolent dictator at a local level. Pioneer spirit to create something that outlasts me... a community.)
6. Want a better, higher quality source of food that I have control over without any govt interference. (Don't want to rely on farmer's markets.)
7. Want to have more women and kids. USA isn't a good place for this, especially since I'm married right now. Need to set up my finances/wealth correctly so they're protected and out of reach of US and any other country's divorce courts... or at least limit their abilities to suck my wealth dry. (I'll take care of the women and my kids really well, but on my terms with me calling the shots.)
8. Health care system / costs in USA are ridiculous for entrepreneurs who have to pay everything themselves. (Better, cheaper options in many other countries. Not a fan of prescription drug culture of American doctors.)
9. Political statement... Fuck you US govt! I'm not your slave and I'm not going to suffer because most other Americans are ignorant sheep.
10. Even after renouncing, I still will be able to visit the USA for 4 months a year. That's plenty of time if I ever get homesick.
So the overall economy isn't really a factor (although the worse it gets, the more social problems it will create and the worse the US govt will react - so would like to avoid that). I'm not looking at things based just off the US economy. I'm looking at it from perspective of... is my life better being an American and living in the USA or is it better being a non-American not living in the USA.