![]() And so what they’re deciding to do, not only at a national level, but in some of the States like California, Massachusetts, et cetera, is say, every year we’re going to go through and we’re going to try and calculate your wealth. There’s not 2000 places with girls in bikinis, sitting at a beach bar. People just going to come here because, uh, as Gavin Newsom said, where else are you going to go? There’s not a thousand places in the world of beaches. And so what is a wealth tax? It is, uh, the politicians in the, what I call legacy brand countries who have decided, uh, we don’t need to be competitive anymore. I see talking Canada, Australia, even New Zealand, which is supposed to be the tax friendliest of all these little places. As I see right now with the wealth tax, not only in the U S I see the UK has been pushing a big time. I think I’ve never seen so much of an, uh, a height tax. I’ve made well over a thousand videos on a book and all that time. Well, I think we’ve written the 2000 articles over the last eight years. ![]() Can you walk through the, to the listeners, what wealth tax is and how it’s different from an income? Um, you know, let’s, let’s chat about how the different countries treat wealth tax differently, or treat wealth differently in how they tax wealth. Obviously it’s a huge topic in America, especially now with the debt and the pandemic on our shoulders. So all kinds of stuff around, uh, moving out of the country or moving your wealth into another country, having a citizens shipped somewhere else. The 12 second residence permits that you can, uh, get what this, a single bank deposit and fastest, uh, country to get citizenships. He’s got nomad capitalists and he has successfully reduced his tax rate legally from 43% down to 1% by buying properties in, in other countries, he, he has, uh, lots of websites, the five most valuable passports for visa free travel. So, Hey everybody, I got Andrew Henderson here. Learn more about Andrew Henderson by visiting Nomad Capital Ken McElroy and Nomad Capitalist founder, Andrew Henderson, in a discussion about lowering your taxes through investing in different worldwide markets & a conversation about what wealth taxes actually do around the world.
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