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Please Meet ‘The OLIGARCH Act’ to Tax Extreme Wealth
It’s a straightforward progressive annual tax on extreme wealth and it’s so simple that the oligarchs are gonna hate it. –
In this video, Andrew shares one article about the new oligarch act and how you can protect yourself.
In this video
00:00 Start
0:20 Russia-Ukraine War
1:11 Tax the Rich
3:28 News
7:30 Why Do We Pay Taxes?
9:30 How to Start a Business
13:00 Extreme Wealth
15:17 How Much Do People Pay in Taxes?
18:38 Where are Americans Emigrating to and Why
Andrew Henderson and the Nomad Capitalist team are the world’s most sought-after experts on legal offshore tax strategies, investment immigration, and global citizenship. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to “go where they’re treated best”.
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Andrew has started offshore companies, opened dozens of offshore bank accounts, obtained multiple second passports, and purchased real estate on four continents. He has spent the last 12 years studying and personally implementing the Nomad Capitalist lifestyle.
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DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.
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Sorry andrew I disagree with you on this. Bezos is evil. Like psychopathic type evil. Noone that honestly looks at amazons business practices and how they treat their workers can honestly call him an honest business man. People like him need to be brought to heel. This is not the one percent or the 0.1% it is the .000001% Bezos has demonstrably effected elections and has disproportionate level of power that is why people refer to him as an oligarch.
Epic rant on the communist sympathizing bed wetting maggots. Luv it!
I Like your Trump imitation.
Despite the economic downturn,I'm so happy☺️. I have been earning $ 60,000 returns from my $7,000 investment every 13days.
Amazing video Andrew 💪🏻
When you first said "5 TV's" I thought it was a funny thing to say until I realized I have 6 TV's 1 of which isn't even connected.
1 for every floor, one in my backyard, another in my bedroom, & finally a smaller one I actually won for free a few years back but stopped using.
In my defense most of these are just older flagships I haven't sold, the TV I actually use the most is a 1080p plasma TV from 2011 whereas my 4K OLED from 2020 sits on the main floor only really used when I have people over. Then upstairs I have a 720p plasma TV from 2009, so these aren't expensive TV's, if I sold then I would get like $100 if even that, it just shows how abundant our modern world is that something of such quality can be bought used for so cheap that it's not even out of most peoples budgets to have 5 TV's.
I find it funny that I mainly use a decade old tv though despite having one of objectively better quality, I just really enjoy that TV & I've had it for so long I honestly would keep the 2011 TV over my 4k OLED just because of the sentimental value of all the stuff I've watched in it, it makes me happy to continue using it even if it's not the best tv in the house & it was the "old" TV my dad gave me when I first moved out so it being a gift from him as well give it even more value to me. I'll use that TV for the rest of my life lol.
The majority of bills don't make it through the US Congress (fact). Ethics, wealth generation…? What do companies and corporations (and politicians) do to reduce negative effects on the climate, or reduce logging in the Amazon rainforest? Are new trees planted to make up for the logging? Some things to consider.
Andrews grandma and daddy paid for his college and helped him pay his rents when he was young which allowed Andrew to use his starting income to start a business and multiply his money. The homeless retired slaves had to pay off their student loans over 30 years while paying their monthly rent from the time they ~16 years old, and pay unfair slaves wage income taxes, leaving them with NOTHING to start a business or buy house. That is why you see Millions of retired slaves living on the streets in the USA.
The majority of politicians over the past 30 years created corrupt laws to rob working slaves hard-earned pay via corrupt taxes to subsidize the super wealthy Banksters preventing the retired Over-worked slaves from ever owning a house because after the slaves paid unfair high rents, utilities, food, and 25-30% of their income in taxes over 30 years to subsidize the greedy wealthy Banksters and breeders selfish unprotected sex acts, and the slaves never received an inheritance, the retired slaves had Nothing left to buy a house when they retired. That is why you see Millions of retired slaves living on the streets in the USA.
Your absolutely right about changing definitions. It's disgusting. As if we're all too stupid to see the politics at play. Apparently we've all been using the wrong definition of "recession" as well. ITS A BLATANT POWER GRAB AS ALWAYS. These people like elizabteh warren are neo marxists who just want to be able to tell you how to live and what you can or cannot do with your money. Honestly these communists, and I'll call them communists because that's what they are, make me sick. VOMIT 🤢
I'm not an oligarch so that is not my money. I am completely in favor of heavy taxing extreme wealth it is very dangerous that so much wealth and power is concentrated in so few hands, that has happened before and it was called feudalism and what a coincidence we currently have as little free time as we did back then. It was a very difficult fight to win rights, pressure companies to remove radium from their products or get gasoline producers to stop using lead. Why do we have to side with someone who only cares about profit, even if it is at the expense of people's health or the environment?
All politicians should be declared "oligarchs" and forced to pay the tax even if they don't meet the wealth criteria.
They are JEALOUS of your success because they are lazy.
"And now you're just like them." THAT, is what things like this are ALL ABOUT, for communists useful idiots.
Control (of other people), is what narcissists want the most.
tax the rich this will pass the buck to middle class and the poor!
Government is the richest. No rich person has made the amount of money the government has taken by force through unconstitutional taxation of all people: poor and wealthy (working class) Government is the one that should PAY US! They’re the problem they are the tyrant.
What is the Number?
I don't remember the exact number but there is, evidently, a point at which tax increases cause such a capital flight that the net tax collected goes down. Does anyone know what that number is?
At some point, Republicans and Democrats need to come together and agree that too much taxation is the death of our society, there's no way to argue against that
One thing I like about Andrew is, he's fighting the good fight. He's educating people about the fact that the government isn't always kind and benevolent. I've always told people, the common denominator between most politicians and world leaders is the simple fact That they want more, more control, more money, more power, greed is the common denominator.
The ethical underpinning of The Oligarch Act: "You have, I want."
Excellent content and simultaneously also entertaining. My wife and I opened 2 businesses in the early 2000s in Europe. We were constantly audited by the pension , health and license offices. They would stay for days. An employee once wanted to take me to arbitration for a bogus claim. My lawyer told me I had no chance to win because I was the employer. Another told me she would not be coming in on Friday afternoons because she was officially sick. The 2008 financial crisis broke my back. I sold and vowed I would never have employees again. My wife continued on. Then covid came. All her clients left her and the government decreed that employers were not allowed to dismiss workers. Although we were no longer together I decided to give her a personal loan just to keep her afloat. She is struggling to this day. What Andrew is talking about really hits home with me. Keep up the good work, Andrew.
The communist country of canada has introduced a new "luxury tax". If you can afford a jet ,or a nice car or even a nice boat,,,,you must pay MORE taxes!
To anyone thinking of moving to canada- don't !
Insanity is in the vogue:)
Great video, Sir.
Real, unabashed Capitalism is what made this country so rich that these "people" could write this article.
Best line……….I think ethic's matters in Capitalism.
I enjoyed seeing Malcolm Forbes yacht in Forbes magazine with his helicopter, jet ski's & the Zodiac. Ah, those were the "real" Oligarch days. Peace to you and the staff. Out.
Considering most of your listeners aren’t wealthy…
I heard you channeling a little "Trump" today:)
I have a friend from Omsk, he's a fine guy…
I get completely frustrated at this as well. It’s just sad that Western society, in particular, rewards failure and punishes success. Surely having an environment where entrepreneurship is actively encouraged is a good thing. More jobs are created, thus more wealth is created. But alas, Western society seems to value worthless bureaucrats who steal wealth from people through taxation more than entrepreneurs.
Maybe they should tax politicians who have accumulated mega bucks .
Monopoly is a game that children hate since it's rigged. It's like going to the casino. Just saying. AWS is a part natural monopoly and part espionage/terrorism paid by the taxpayers. I'm not saying that selling books is a natural monopoly. MSFT is partly a natural monopoly in a super insidious way. Google, Facebook, and Twitter are unconstitutional since they are performing espionage/terrorism in collusion with the political demagogues.
We can say what we want as expats… We will be targets… Be real
OMG, you are so right.
You don't realize, how brainwashed we are, in western society, about wealth.
Andrew, oh man. This is your BEST POST yet!
The whole situation was foreseen by Ayn Rand: "When you see that trading is done, not by consent, but by compulsion, when you see that in order to produce, you need to obtain permission from men who produce nothing, when you see money flowing to those who deal, not in goods, but in favors, when you see that men get richer by graft and pull than by work, and your laws don't protect you against them, but protect them against you, when you see corruption being rewarded and honesty becoming a self-sacrifice, you may know that your society is doomed." ~ Ayn Rand
That's where we are. The decision is: Do you set your jaw and go down with the ship or do you step into the lifeboat? The choice is yours.
Definitely one of your best vids Andrew.
America is a clear Empire ran by muppets for a totalitarian predatory hard
I really don't understand why people care so much if you are rich or were born rich, the opportunity is out there for you to become rich too, stop hating on others
Ever since I started my own business I feel so much better. Yes I am more busy, but now my actions actually matter, I feel so much more free.