Saturday, August 2, 2014

Good Bye Country, Hello New Home

Just finished watching a Youtube video titled ' Time to Get the Hell Out of the U.S.' As the news channel was RT (Russia Today), there would be people who just wrote it off as nothing but Russian propaganda. 

Here are my thoughts and comments: some haters of Putin and Russia would say that this is nothing but Russian propaganda, but I do think that there is some truth in this report. You can argue about different ideologies, but you can't deny facts. There has been an increase of Americans who gave up their U.S. citizenship and moved to other countries. If you are an American citizen, you have to report your world wide income to Uncle Sam wherever you live. This controversial and complicated tax system alone would be a reason for Americans living abroad to give up their American citizenship.

For example, Eduardo Saverin, a co-founder of Facebook, surrendered his U.S. citizenship and moved to Singapore. He said it was a personal choice which had nothing to do with tax saving. Whether he told the truth or not, he had saved millions in tax money. Uncle Sam got mad and increased the exit tax to punish such non-patriotic Americans. Give me your money before I let you go !

Tina Turner, an iconic American singer also gave up her U.S. citizenship and now lives in Switzerland. Dear Uncle Sam, I know I know, this one really hurts ! Tina Turner is no longer an American ... WTF ???!!! 

French actor Gerard Depardieu left France and became a Russian citizen. Putin happily granted him a Russian passport. There are people who envy the rich. There are people who look down on the poor. But most people do not fully trust their governments. In this case, can you blame Gerard at all, that France's tax rate was going up from 45% to 75%? Russia has a 13% low flat rate. For comparison, Singapore's rate is 18%.

In the past, people looked to the West. So many people wanted to go to America, the Land of the Free. Today, people look to the East. The center of world economy has already gone to Asia. There are so many troubled spots in the world today, and I feel so lucky to be in Canada. I feel both free and safe here. I don't see any need for me to move away from Canada. Dear American friends, would you consider moving to Canada, the true North strong and free ?

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