2 votes

Expatriating from the United States? Consider this!

There is a HUGE question to be answered by all libertarians, and a thought experiment/exercise everyone here must consider running in their mind, even if not in there physical being:

How would you -- SAFELY -- expatriate from the US if sh*t hits the fan.. or just when you've had enough.

Here is some FREE advice, not even Simon Black has talked about, yet!

I love this answer to: "How long have you been using Bitcoin for purchases?"

http://youtu.be/YHVVi7M4jbo?t=17m5s

This whole interview is really interesting, but if you don't have the time, just listen to the end of it (from 17:05) where Trace Mayer answers the above question!

So cool!

Okay, for all you lazy DP'd bums who've viewed a few too many videos today, the answer is: BITCOIN! Specifically it is your (non) ownership of it!!!!! :)

-- Let's see if we can have another healthy discussion on Bitcoin --

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Issues with expatriation

The us taxes world wide income on us citizens so to avoid that you need to become a citizen of another country not just be a dual passport holder

There is a treaty for the avoidance of double taxation with most countries so that if you pay more to your new country you don't have to pay to the us but if you pay less you have to pay uncle Sam the difference

Also you can't just leave you have to pay an exit tax on your assets

Before moving get sound tax advice- the above does NOT constitute tax advice!

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Owning Bitcoins is very very difficult to "prove"

In the future, we will be saying:

"I don't 'own' any bitcoins, bitcoins are governed by the very broad MIT License. I might be able to perform certain specific math problems to shift numbers around on a huge public ledger more easily than others because I know certain specific pieces of information... but I don't own anything!" :)

...just like that. Plausible deniability!

Of course this only works if the courts are still working. Once you are facing thugs with guns, and they are water-boarding you, you might instantly become a math genius and solve a really complicated math problem they absolutely need you to do... of course for the safety, and security of all of society!

A GREAT HERO YOU WILL BE!! (note: sarcasm) :)

Just plain 'Happy'about the direction the world is taking! Especially if we live to reach LEV [Longevity Escape Velocity]

Did you watch the video?

Paulreal, what exactly does your comment have to do with what is said in the video?

The topic here is, not so much how to avoid taxes... it is more to do with, once you have (if you so choose) paid all your taxes, and there are HUGE BORDER CONTROLS for taking what is rightfully yours in a state of financial emergency (or, say, a looming FISCAL CLIFF) how would you expatriate that which is yours?

That is the question that is addressed in the video!

Just plain 'Happy'about the direction the world is taking! Especially if we live to reach LEV [Longevity Escape Velocity]