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by HowardStark 1313 days ago
This, I have to imagine, would come down to soft power. To my knowledge, it’s /very/ rarely free to move wealth across borders. So if a country were to strongly incentivize investment a certain way all of a sudden, it would be ideal if the political leanings were aligned with yours. Perhaps that might mean investing/holding your wealth in a country where there are likely to be further breaks for renewables. Who knows.

This isn’t a super thought-through response. Would be curious to see if people have ideas to add.

1 comments

I think pipodeclown is more onto:

Instead of avoiding taxes and coming up with silly hacks - one should pay his fair share in his own country and try to build community and wealth around himself and his close ones.

Energy/wealth spent to avoid taxes in way where you move from country to country or do some weird stuff could be spent probably on building a small business or two.

I agree there are bad places to live and people have to run away from these or move because they don't earn enough in their place so they move out for more opportunity, but if it goes down to "I just want to keep more money for myself" is just not right and not moral at all.

Imagine being a 20-year old in Germany and Netherlands and finding the cheapest house you can own goes for 500k. Your salary peaks at 80k after 10 years of work, half of it goes to taxes and 1/3 of that is lost on rent you are forced to pay. Your only option is a 30+ year mortgage that will send you to a rat race with no options to leave, especially when you get married. Or you spend 5 years in Dubai, working remotely for 100k+, return back home and buy a property. Then you work only as much as you need. What would be your choice?
Sure, but what you are describing is not the same as becoming a tax resident of country solely for tax gains, I think that is morally wrong. I do believe in open borders and flows of labor, if specific part of the the world raise wages to attract skilled labour, I think that's great, more choice for us all! I personally would still want to live in the Netherlands earning a third of the disposable income compared to Dubai for various reason, including moral as well as standard of livings reasons but I completely understand somebody else might make a different choice.