Record numbers of wealthy Americans are making plans to leave the U.S. after the election

[TU Curmudgeon]

That's the way I feel. I wrote in my neighbor Thad. Nice family of 4 guy and his spouse is a teacher.
Why are so concerned if you live in Canada?

Because I have something that Mr Trump doesn't have - honest compassion.

Your question tells me that you are someone who wouldn't warn someone who was about to place their hand on a hot stove of the consequences because it wasn't your own hand.

 

[TU Curmudgeon]

That may be the way you would respond (and I suspect you would)

You really are a suspicious one, aren't you?

but I have more respect and decency than to question someone's motives than that.

What "motives" were being questioned. I made a flat statement of a possible action and said absolutely nothing about WHY that action would occur.

When there are only two ("A" and "B") realistically probable outcomes, and when picking "C" when you are well aware that your vote is likely to enable "B" to win the election is tantamount to voting for "B".

But then leftists aren't really down with respect and decency, are they?

I will readily admit that I don't heap respect on the heads of those who have shown that they aren't worthy of more than basic civility.

 

[L88]

Because I have something that Mr Trump doesn't have - honest compassion.

Your question tells me that you are someone who wouldn't warn someone who was about to place their hand on a hot stove of the consequences because it wasn't your own hand.

Your all-over-the-place challenges lead me to believe you didn't read the OP and are still attempting to be relevant.

The OP is about MILLIONARES considering moving to another country from the US. It's not about tax evasion and at least attempt the math of a 5% yield on a million.
You're constant negativity and non sequitur statements make me think of Gladys Kravitz the nosey neighbor.

 

[Metric Mouse]

I'd like to take this opportunity to mention that Canada is lovely at least half the year, our people are gorgeous, our beer is fantastic, we rank highly in most happiness metrics, we have tons of space, and if you absolutely have to return to America for who knows what reason, it's a short drive. Oh, and you're allowed to have kinder surprise chocolate here.

"top countries for Americans looking for residency or second citizenships include Portugal, Malta, Greece, Spain and Antigua. Italy has also become popular for Americans"

There's a reason Canada isn't on this list.

 

[TU Curmudgeon]

A lot is a relative term.

Indeed

I'm going to say 8 couples for sure.

A sample size of 8 isn't anywhere near a large enough sample size from which to draw statistically meaningful conclusions with respect to the United States of America.

Most likely the families of the burb I live in have that and more.

Or so you guess. BTW, you do know what NET worth means, don't you?

The median household income is 118000

That's in the upper third of the population. Now, out of that $118,000 how much is actually disposable?

 

[L88]

Indeed

A sample size of 8 isn't anywhere near a large enough sample size from which to draw statistically meaningful conclusions with respect to the United States of America.

Or so you guess. BTW, you do know what NET worth means, don't you?

That's in the upper third of the population. Now, out of that $118,000 how much is actually disposable?

None of this is about the OP.
My responses were to the personal questions you asked.
You're such a drag....I think I'll go do the lawn work I've been ignoring.
Oh, and for your financial education....

You could retire with $1 million even if you don’t start saving until your 30s: How much money you need to set aside per month​

https://www.cnbc.com/2024/10/01/how-much-to-save-monthly-to-retire-with-one-million-dollars.html#:~:text=Earning%20a%205%25%20annual%20rate,control%20of%20your%20retirement%20savings

Isn't the USA grand?

 

[L88]

"top countries for Americans looking for residency or second citizenships include Portugal, Malta, Greece, Spain and Antigua. Italy has also become popular for Americans"

There's a reason Canada isn't on this list.

Agreed. All that cold seems to breed a lot of negativity and contempt.

 

[Absentglare]

Go hang out on r/canada for a while. They are anything but happy.

Unfortunately, the right wing propaganda farms that manufacture outrage to manipulate morons have started sending content to Canada.

 

[L88]

If you make 42,00

Unfortunately, the right wing propaganda farms that manufacture outrage to manipulate morons have started sending content to Canada.

I'm going by the Canadians that post on this forum.

 

[Ganondagan]

"top countries for Americans looking for residency or second citizenships include Portugal, Malta, Greece, Spain and Antigua. Italy has also become popular for Americans"

There's a reason Canada isn't on this list.

Canada is a lovely country, A country I would be proud to be a citizen of if I wasn't complety loyal to my native land, America.

 

[L88]

Canada is a lovely country, A country I would be proud to be a citizen of if I wasn't complety loyal to my native land, America.

I agree. I love to visit, especially Banff and the lovely small towns on the way up from the Montana border. Oh, I do really enjoy Victoria. I traveled up to Nanaimo a couple of years ago. I kind of wondered if I could live there. There are great restaurants, water views, and mountain views. Interesting history and population. Something I learned, was Ukrainian internment camps in the area during WW1.

 

[Brusan]

So the OP is not about tax evasion and I shouldn't have allowed myself to be distracted down that path. The OP is about physically relocating to another country. Reasons?

Why Live in Another Country? 10 Great Reasons to Move Abroad

find out more about Why Live in Another Country? 10 Great Reasons to Move Abroad from the UK's most experienced international removals company, PSS International Removals.

blog.pssremovals.com

Understood.

 

[AZRWinger]

And yet Republicans loved it when Nixon did Wage and Price controls and denied ever after that it had any negative effects.

Did you not realize Nixon is a past President while Princess Kamala is running to be President for the next 4 years?

 

[AZRWinger]

Tariffs have a terrible economic track record as well.

Again, not a word about Princess Kamala’s plan to impose price controls.

 

[AZRWinger]

Did you get that ‘Princess’ from desperate delirious tremors misogynist donold?
You may like a few of his other commandments, like treason, fascism, and racism.
Lying, dividing, cowardice, fraudulence, lunacy, and derangement are other specialties.
Adultery and Rape are what he’s best known for, besides being Putin’s bitch.

Can't respond with anything but impotent rage. I am not the problem it's Princess Kamala's price controls that are.

 

[Mike1950]

Can't respond with anything but impotent rage. I am not the problem it's Princess Kamala's price controls that are.

Yes. We already know that you like price gouging after natural disasters and what not. We also know that mislabeling things and name calling is all you have.

 

[ALiberalModerate]

Again, not a word about Princess Kamala’s plan to impose price controls.

Quote her proposing price controls. She has said she wants to investigate monopolies and price gouging. She has not claimed she wants to institute price controls.

In contrast, Trump wants universal tarrifs on all imports, its a cornerstone of his entire campaign. Yet, you have no problem with that despite the fact that universal tarrifs are catastrophic economically.

 

[Hamish Howl]

We can't stop them from leaving.

Bye, Felicia.

 

[AZRWinger]

Yes. We already know that you like price gouging after natural disasters and what not. We also know that mislabeling things and name calling is all you have.

More vapid demagoguery. Accusations with no evidence are so Princess Kamala.

Princess Kamala's is the one mislabeling price controls as gouging. That's why you refuse discussion.

 

[AZRWinger]

Quote her proposing price controls. She has said she wants to investigate monopolies and price gouging. She has not claimed she wants to institute price controls.

No, Princess promises to stop corporate price gouging as a prominent part of her advertising. There is no definition of gouging or limitations to monoplies. Princess Kamala is willfully ignorant of business and economics, what could possibly go right with a program of price controls?

In contrast, Trump wants universal tarrifs on all imports, its a cornerstone of his entire campaign. Yet, you have no problem with that despite the fact that universal tarrifs are catastrophic economically.

Another crude attempt at deflection.

 

[ALiberalModerate]

No, Princess promises to stop corporate price gouging as a prominent part of her advertising. There is no definition of gouging or limitations to monoplies. Princess Kamala is willfully ignorant of business and economics, what could possibly go right with a program of price controls?

Another crude attempt at deflection.

Investigating price gouging and monopolistic behavior is price controls?

That is absurd.

 

[NoMoreDems-Reps]

Record numbers of wealthy Americans are making plans to leave the U.S. after the election

Attorneys and advisors to family offices and high-net-worth families said they're seeing record demand from clients looking for second passports or long-term residencies abroad.

www.cnbc.com

It's the legal oppression of the rich that the Left has been pushing on America !

Overtaxing the rich: A cautionary tale

While it might not be politically correct to suggest that the rich should get the lion’s share of tax breaks, let me share a story that provides food for thought

www.theglobeandmail.com

 

[coyote505]

"Brain drain" of scientists, doctors, entrepreneurs, and other intellectuals is a common occurrence when governments go authoritarian. It happened in Nazi Germany, in Stalinist Russia, in Putin's Russia, in Mao's China, in Khomeini's Iran, in Al Qaida's Afganistan, and countless other places. The MAGA base has nowhere to go because they are old, uneducated, and uncompetitive in the modern world, but the "elitists" they hate so much have many other options. And with these classes will go the economic opportunity.

Essentially, MAGA wants to do to America what their leaders have already done to Appalachia and other dying red counties all across the country.

Britain's brain drain in the '60s was caused by the absurd taxation imposed by Labour. Remember the Beatles tune "Taxman"? "One for you 19 for me"

 

[Ishm]

I have cumulatively spent so much time here in New Zealand over my working years that I am almost as much local as I am expat. I can even do the accent (sort of) if I try. Means that I don't have the sort of connection to the expat community that others probably do. What is interesting is that over the past few weeks I have had 3 different American families email me out of the blue asking if I could offer them advice about potentially moving here. Seems that someone who is active in the expat community has remembered us meeting, and the industry I am involved in, plus where I live. Two of the enquiries were from families interested in where we live. It is a bit of a dreamy beachside location that is still an easy commute into the city centre, so we do see quite a lot of expats here, but not so many American expats yet. Lot's of Europeans and South Africans though. The area sort of embodies that dreamy South Pacific life style while staying connected to major industries and commercial centres. The other enquiry was about an industry similar to mine here. One family is just a couple in their 30's, while the other two are families with young children. All professional people. They won't get working permits here without being highly skilled, so no surprises in them having professional skills.

It may just be a coincidence, but it is more likely that people are once again re-evaluating their life needs as we enter another dysfunctional election. The scary thing is that if me, some random guy that has limited connections to the expat community, in a very small country on the other side of the world, has talked to 3 different families, how many people really are looking to leave the US? And how many young, professional, relatively wealthy families especially? Moving here is tough and complicated. The immigration rules are tight and pretty much reject anyone without very desirable skills. Whilst I love the place for the lifestyle, it also isn't a cheap option, even with US $'s (although the exchange rate is really good right now). So, going back to the original title of this thread, yes it may just be that a lot of people are seriously considering their options.

 

[TamleeB]

One question that seems to never be asked is "Sure I can leave the US, but which country will let me in?"

Americans who talk about "leaving" never seem to realize that an American passport does NOT automatically qualify its bearer to "jump the immigration queue" and become a landed immigrant (and fully enfranchised citizen) immediately.

Of course an American passport does not automatically qualify for American citizens to “jump the immigration queue”. And that is exactly the way it should be. Right?