Looking to Leave the USA? This article may interest you.Submitted by Treg on Fri, 08/01/2008 - 19:37
We have all thought about it. Leaving. Leaving the country. This article is good and may interest you.
Meanwhile, lets consider the reasons...
1) The Economy stinks and may get worse.
Peter Schiff and others are predicting a "Black Monday" event, where upon the Stock Market and Dollar collapses. They recommend that you get your assets out of the USA and into other non-dollar denominated equities, commodities, and gold. But if you are going to get your assets out, why not get your ass out too?
Answer: 3 million Americans every year do. They even pay the Bill Clinton exit tax when giving up their US Citizenship. Some keep their citizenship and pay Double Income taxes.... that is if you make over $86,000 in a foriegn country, then you pay Uncle Sam too. Now that is a costly way to keep a US passport.
2) Other places may be MORE FUN places to live.
If you have an internet based business and phone, location is secondary to where you live. Years back, if you where in the steel business, you needed to BE at a certain PLACE. Today, thanks to the internet and phone system, you do not have to be anywhere but "connected". Even if you don't have an internet based business, your business may be NEEDED in some other country MORE than its needed here. Say, 2nd hand equipment retailer and equipment repair. Buying up all those "old tube TV's" once the US mandated digital ones are "law", may be very lucrative business in say, Panama. Further, Panama ships around the world, has an Free Enterprise Zone -- no taxes, and so could be ideal. Anyone who invests $50,000 to start their business and hires 3 Panamanians, gets a special visa as well.
3) If Martial Law comes or the USA gets more terrorist Blow Back because the USA continues to stick its military hand inside the Middle Eastern hornets nest, you won't be around to suffer from it.
Panama City, Panama has an international airport and is just a 3. hour flight from LA. From Houston Texas its about 3.5 hours direct flight. Check Travelocity, its just $345 round trip. Panama is about the size of say, South Carolina. Check out the CIA fact book here: https://www.cia.gov/library/publications/the-world-factbook/...
Check out this couple as "typical ex-pats" -one from Britain & one from China--who open up a B&B http://www.bedandbreakfastpanama.com/about.htm and go here for more info: http://www.bedandbreakfastpanama.com/links.htm
Costa Rica is interesting too. It has no military, via the Constitution, and perhaps that is why the USA has never invaded it, like it has done to the neighbors to both the North & South more than several times. But friends I know say that Costa Rica, like Miami has been "cubanized", Costa Rica has been "gringoed" so you may not get the good deals, that is, Americans are all over the place. Check out this abc news report. http://www.youtube.com/watch?v=xgl9M8O_PEQ&feature=related
I don't know this company, but cool promo video. http://www.youtube.com/watch?v=Yo6R3GlHdo0&feature=related
I guess Donald Trump is getting into the Panama action
Cool info video here on Panama http://www.youtube.com/watch?v=XB7c4H32Ai0&feature=related
It sounds like its time to open a big book store in Panama City.
I also see that Costa Rica has a Libertarian political party, not sure if Panama has one.
4) The rest of the planets population is all "turning Middle Class".
That is, like Americans did just after WWII, suddenly we needed toasters, ironing boards, nail salons, larger houses, etc, the rest of the world is now feeling what it feels like to finally own something and have some leisure time. In the 1950's, camp grounds and hotels exploded with the near universal birth of the Two week vacation. From better furniture to better schools, the new American Middle Class "wanted it all". Well the new Latin American Middle Class, the new Chinese Middle Class, and the future Indian Middle Class will also, "want it all". Perhaps you and your business can be there to provide it to them?
5) As an "American" you have a "brand built in" to what ever you choose to do.
Much like any Frenchman who comes from France to the USA to open up his own restaurant, that is all he or she has to do is open up a normal restaurant (to him) and we all say "Oooh la, la, la...its French!". The same goes for us when we decide to open a business abroad. Open up any business in say, Mongolia's capital city, and the customers will come rolling in just because "Its American". Now that is a nice bonus and it goes with you where ever you choose to go.
Here is an interesting excerpt from the article that you may wish to read: ......
"Escaping "sameness." Doing most of their work out of their condo, the Hudginses have two young children whose edu-cation at a local Spanish-language Catholic school is supplemented with materials that their mother downloads from the Internet. Describing themselves as libertarians, the Hudginses went abroad out of discontent, not with American politics but with a dull sameness they found in American suburban life. Even though they did extensive planning for the move, they admit that the challenges of the new life are considerable. Some of the greater ones are imposed by the U.S. government, which, though it grants an exemption of close to $86,000 of earnings, is the only developed nation that taxes citizens who are living abroad and paying foreign income taxes.) But both are quick to say that the rewards (in Panama) far outweigh the difficulties. In addition to valuing the warm weather, the idyllic setting, a close family life, and a busy social schedule, both are clearly invigorated by days that that are demanding but not stressful in a culture that blends the modern and the traditional in a comfortable way. They appreciate the irony that American know-how and technology (largely the Internet) make it possible for them to enjoy what is in many ways a very un-American lifestyle. But they are doubtful whether they can go home again. "We may decide to pack up and move on one day," Allison says. "But it's more likely that we'd find some new port of call than move back to the States."
In Peace & Liberty,