Do I Regret Renouncing my US Citizenship? 

Make sure you did not crosse our border illegally.

@@bedenbedey The fastest way to get US citizenship.

Too funny. I guess you haven't seen the state of the U.K. lately.

I suppose the rich will escape, the poor and working class will have to do it the old fashioned way aka "migrating".

​@purplesprigs it's a failing nation mate

​@@purplesprigsjust take a look at today new world order Brics Countries United Against the old world order. New world 💰 And they've been dumping the U.S. dollar😂🎉😮

Someone in the know.

I'm next up to the plate. Cannot WAIT

Alot of people don't understand this guy is spettin truth about United state 95 percent of food you eat in USA is GMO

Wow ❤❤

All thanks to her Sophia

Great

I've been making more than $21k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.

Sophia

It's comes across as disloyal to the United States. You can get a Visa, but it will take time to pass after you renounce.

They deny you for spite for renouncing

I would like to hear real world experiences

They mainly want you to prove you have a permanent home and social ties somewhere else, so that you're not a risk for overstaying.

@NomadicInvestor My father returned to the Caribbean and renounced his citizenship and was rejected for a Visa at the same time. He established himself there (The Caribbean) with a stable income, job, house, bank accounts, credit cards, savings, retirement etc. After that (2-3yrs) they granted him a Visa to travel to the USA again. He visits us once every year or two now.

Do you think it’s better to move to Switzerland Scotland or Denmark ?

Switzerland, and it is not particularly close. (From a US citizen in CH.)

Remember, I said that because I have already got money and happiness.

Social security - not affected at all 401k - depends on the amount of US House - not affected, foreigners can own property in the US

401(k) also depends on age & if it is a Roth or ordinary. Has it rolled over to an IRA? I mean presumably if you are leaving you are also likely leaving behind the US employer that created the plan.

@@barb8707 if it is social security retirement which you earned, you assume incorrectly, although it will be taxed at up to 30% federally as an FDAP payment, it could be less, but you earned it and renouncing does not change that fact.

@@WealthyExpat So, once you get to the correspondent age can you get your social security if you're not american and live in another country?

@@user-bi2xg5hc9w yes

New American dream is to leave, i am counting my years, a year ago it was 10 more years, this year its 5 years, watch in 2 years will be packing my bags

As a doctor that might be a different situation.

Only you can answer that, but you will be taxed on your worldwide income even if you have just a green card so. If you're going to stay in the US till retirement or a very long time then it might be worth it but if you plan to use your USD money to invest abroad that's where the issues would arise and renouncing the citizenship later on if you have high net worth is cumbersome.

😎”Money doesn’t really make you happier. I’m a millionaire.” Remember, I said that because I have already got money and happiness.

@@RichFreedomDragon Well, it's not easy to be happy when you are living in poverty. It's much easier to be happy when you don't have to worry about how to pay your bills. Money buys you freedom so you don't have to be anyone's slave.

As in when you forget password?

@@Ducktility As in when you open a bank account anywhere in the world, want to hold crypto, visit many countries and people don't hate you for being from a country that has started so many wars abroad and so many other situations... 😅

Or you can just reset it.

​@@julionaya81More like all the people that love Americans for sending Trillions of US dollars (the World Reserve Currency by the way) to invaded countries to save their countries and lives.

Tbf he is trying to sell his service to Americans

But accurate though

He is right about that….

@@BondAndLeiter I understand you enjoying a less stressful life elsewhere, but why would you enjoy the decline? Don't you still have family there?

@@erich4812 accepting the inevitability of decline and focusing on personal well-being and happiness can lead to a higher quality of life and mental resilience, rather than futile resistance... sometimes its better to let go and enjoy

Being a U.S. citizen mostly matters to enter the US. Internationally there are better passports.

If you hold a passport from the EU you don’t need a visa to visit, just an ETA/ESTA (pre-travel authorization). The same applies for citizens from Canada, Chile, Japan, Taiwan, South Korea, Singapore, Australia, or any other developed/advanced country. You can visit for up to 90 days (with the exception of Canadians, who can visit for up to 180 days). As for reacquiring citizenship, of course you can, but by naturalization. It doesn’t matter if you were born there, one you renounce you’re treated as a foreigner.

Enjoy? Not likely, but if you ignore history you might expect it.

You do if you sell or get an income from them.

Exit tax

Tanzania

Iraq

@@lalgonultas Afghanistan

He has videos about how he initial took St Kitts but then has also added some more since

@@RomilCPatel north Korea?

Facts

/// oh yes we sure are , vary quick.

BECAUSE of the "certain group of people" he mentions twice in the video

That is defeatist believe. We are balancing with the rest of the world.

You should be able to get an ESTA, which is a very straightforward process and of fast authorization, and it lasts for several years

​@@ricardodaros6no I visit constantly Iran 🇮🇷. They have some issue with Iran ❤

Not really. Most investments, private debt & equity, resource deals, bond, banking and brokerages are closed in Eurasia to American citizens, period. In some cases, you're also blocked from doing any business and even owning real estate.

Have fun with 65% capital gaines tax

USA wants 46 percent capital gains ?

Does that apply to green card holders too? Thanks ​@@davidrichards1741

Can you leave Canada without the jab?

I had issues in Frankfurt with all my passports, absolutely hate that airport

@@WealthyExpat uuh should not happen because you ARE entitled to visit on St. Kitts+Nevis passport afaik. sorry to hear that :(

@@WealthyExpat its normal, germany is like this. they are sadists.

@@rivenoak By entitled do you mean visa free? Because that's not an entitlement. They can still reject you or give you a hard time.

@@arnoldvosloo220 visa free means exactly that or it is not visa free.

Okay "Tamil" lol

What pensions? And what does this have to do with the video?

Then it makes a hell of a lot of sense to NOT have all of one's eggs in that collapsing basket, doesn't it?

Green card has the same issues with world wide taxation and reporting

​@RomilCPatel it does. Having a greencard is much easier to give up, than citizenship. If enough people give up their citizenship, I could see the US make it to where you can not renounce your citizenship at all, especially to those born in the US. I worked with a few people at my last job, where thry refused to get US citizenship, because they were working here for the higher pay. Once they retire, they're going back to their birth country, and except for 1, all going back to Mexico. For one lady, since she gave birth to her children in the US, her children are automatically US citizens. Her current and former husbands are Mexican citizens on US green cards. Her children are also Mexican citizens as well, and will be up to her children, if they want to retain US citizenship. One lady I know, was born in the US to a US mother, and an Irish dad of the Republic of Ireland, and she recently got her Irish passport, as she's automatically an Irish citizen, based on her dad's citizenship to Republic of Ireland (most of Europe, including Republic of Ireland, don't base citizenship by being born in a European country, but the citizenship of the parent). I don't know what her long-term plans are for the US, if she'll stay here.

@@davenwin1973 exactly, I was forced into US citizen, I do have Brazilian citizenship too, I hate the US. It is just a sick society, Brazil is a banana republic, but the US is becoming one and I hate both the left and the right, the American right is just so arrogant and has no empathy, and the left is just so morally wrong, they are both authoritarian. I hate the US and wished I was never a US citizen. I prefer to be Brazilian even with a socialist thief as president.

nah, seems more like accepting the inevitability of decline and focusing on personal well-being and happiness.... focus on leading a higher quality of life and mental resilience, rather than futile resistance... sometimes its better to let go and just enjoy

You still get your social security

How, specifically, is the USA the "greatest country in the world?"

LMAO, the US is not the greatest country in the word! who tf told you that?

The greatest for lazy peoples ,not for everybody

It's a matter of perspective. My experience might differ from yours.

Genetically Modified crops survive the pesticides and herbacides....but YOU are still affected by those pesticides/herbacides!

Same here….Minus the family & friends. Don’t have any. I am also in Houston, Texas and I use my house to file tax every year.

Our family (and a house) are in the States, and we live overseas. We find it pretty doable.

I lived in Houston. Okay place. The "city of strip malls" seemed to have most anything one would need. The local economy seemed to be questionable at times though it seemed to be functioning judging from the traffic and the pretty full carts at HEB and Walmart, but didn't matter to me since my income derived from the national GDP more than Houston's GDP.

Jeez man. Everyone isn't a film maker.

You're free to not watch. My goodness, he does a great job. Nitpicking...no?

in his case: become a citizen of a caribbean nation nobody has beef with (St. Kitts+Nevis; you might not even know it) and as a caribbean citizen you are welcome almost everywhere.

It's a long list

Thailand, Malaysia, Indonesia, Singapore....Maybe Japan if you like old people.

No thats a misconception

Most nations are not on a banned list that prevents your from receiving your Social Security income, like North Korea or the "Stans". Social Security can withhold 25.5 percent of your benefits if you renounce and relocate abroad. Some people can lose nenefits such as "Survivors" or "Dependents".

@@jager6863is there any country in the west you would recommend people to move to

It's not like you're going to be getting benefits after 2032 when SSI is bankrupt 😅😅😅

​@WealthyExpat when a person gives up there usa citizenship they lose there social security benefit learn before u speak u dum dum my father's best friend lost his social security benefits cus he moved to Korea 🤦‍♂️ u dum dum

They only let you renounce if you already are a citizen of another country. Very few countries allow their citizens to become stateless.

Some government has to own you!

Strictly speaking he is not American anymore. If anyone can become an American by crossing the border, can't one un-become an American by leaving?

@@arnoldvosloo220 💯

Americans, in the context of US citizenship, are a citizenship group, not an ethnic group. If he doesn't have US citizenship, he's no longer American. He will however always be latino though because he's from Puerto Rico.

@@evandewind4264you can be of a different race even though you were born in Puerto Rico. You will be Puerto Rican by birth, but you can be of any race. As a consequence, Puerto Rico being a U.S. territory, he is de facto American. This is the same as if someone was born in Florida, they will always be “Floridian” of any race but essentially they were American because they were born there. It’s the same thing.

@@VidzSong Latino means people from Latin America, which includes Puerto Rico. You don't have a damn clue what you're talking about.

He has explained it to you, america is going downhill. And for globetrotters it's a liability to be an american citizen, you need to file taxes and declare everything even if you live full-time in other countries.

This guy has millions in the bank, and has passive income, that should explain it, and maybe don't come here either.

If you are wealthy you can save millions a year in taxes alone and ditch all the financial reporting requirements. If you are a "Poor", this doesn't apply to you.

Watch the video. He is pretty damned clear about why US citizenship can be problematic.

His name is Wealthy Expat. He already has it made but wants to keep more of his earnings and wealth away from the reach of US tax laws and from politicians such as Biden who wants the rich to pay more taxes. Obviously he is not speaking to the average American.

The difference? He had US citizenship

Abimbola lol

Sure

The US used to be free. Now it is mostly living off of that reputation. Tragic but true.

@@8d4o0c4 it’s still free when it’s compared to communist countries or Islamic countries

​@@peaceorpieces6461 its free IF u already have money.... otherwise ur free too work 3 jobs and sleep in ur car.

@@peaceorpieces6461 That's true, but they don't understand it, because they never lived in such country.

A lot of us still have love for America, we don’t like what our government is doing.

@@mryardiedescendant I love Australian citizenship more because I don't need to pay taxes. I just live in Singapore and pay Singapore tax.

@@scienceandartclub Because Australia is a normal country 😂

@@mryardiedescendant I also have Canadian citizenship and I don't pay taxes there too. I only got taxed when I was living there.

@@scienceandartclub I have U.S (birth) and Jamaican (descent) citizenship. I don’t have to pay taxes to Jamaica unless I work for a company based in Jamaica or I meet the definition of resident. With the U.S, it obviously doesn’t matter whether I’m a resident or not, but there are some provisions in place to prevent double taxation. The obligation to file (along with FATCA) is the real pain.

How where you able to achieve this in a short period ? I will appreciate if I could get some tips please 🙏

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🙄Omg! what a coincidence

⁠I’m biased because I was born with dual citizenship. I never seen the point to renounce any of my citizenships. Even if I have millions of dollars or being wealthy, it is not something I see myself doing anytime soon.I think it is all about having options. Why would I give up my US passport if I can have two? It doesn’t make sense for me, but at the end you have to do whatever works for you. If I do that, I feel I’m shooting myself in the foot.

@WealthyExpatSupport Thanks !

Ew

That's a hard sell.

Dirty country😅😅😅😅

Indians are FLAMING racists...Don't go there!