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The Flight of the Golden Geese

 
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When? This feed was archived on January 08, 2022 07:42 (2y ago). Last successful fetch was on December 08, 2021 03:39 (2+ y ago)

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Contenuto fornito da Bob Zadek and The Bob Zadek Show. Tutti i contenuti dei podcast, inclusi episodi, grafica e descrizioni dei podcast, vengono caricati e forniti direttamente da Bob Zadek and The Bob Zadek Show o dal partner della piattaforma podcast. Se ritieni che qualcuno stia utilizzando la tua opera protetta da copyright senza la tua autorizzazione, puoi seguire la procedura descritta qui https://it.player.fm/legal.
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“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails. —William Arthur Ward

The Flight of the Golden Geese: How the 1% Matter to the 99% By Lesperance, David S, Angell, Ian

Earlier this week, President Trump pardoned two turkeys in what has become an annual White House tradition. His successor-to-be, Joe Biden, has signaled that he will be less merciful in his treatment of a different kind of bird – the proverbial “goose that lays the golden egg.”

Biden has championed his plan to raise taxes on individuals with income above $400,000, including raising individual income, capital gains, and payroll taxes. While this allegedly will bring in an additional $3.3 trillion in revenue over the next decade, the true figure will likely be lower, as growth slows and the tax base shrinks in response to higher taxes. This will partly be driven by the accelerated flight of the wealthiest individuals to more tax-friendly jurisdictions.

David Lesperance is an international tax and immigration expert who sees the writing on the wall for both High Net Worth individuals (HNWIs) who remain in places like the United States, and the politicians who are depending on these Golden Geese to stay. His firm, Lesperance & Associates helps clients select from a menu of more favorable jurisdictions to legally keep as much of their wealth as possible. This year alone, a record 6,045 Americans renounced their citizenship, and many more obtained “back up” citizenship in counties like Cyprus – including former Google CEO Eric Schmidt.

While progressive taxation schemes like Biden’s might sound good on paper, the end result is a shrinking and fragile tax base as fewer and fewer rich stick around to get “soaked.”

David joins me Sunday to talk about the options for HNWIs, and the danger to countries like the United States of going the way of France or the UK in their treatment of their Golden Geese. We will also discuss how average Americans can achieve the freedoms that libertarians value without convincing a majority of voters of the merits of libertarian principles.

You won’t want to miss this very practical episode of the show of #ideasnotattitude.

Tune in LIVE, this Sunday, from 8-9am PACIFIC and call in with your questions:

listen live small.png

(424) BOB-SHOW

Essential Liberty: Finding Freedom in a Post-COVID World By Zadek, Bob Buy on Amazon

Benjamin Franklin once said:

"Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety."

Sign up for the weekly liberty digest for a chance to win a paperback copy of Bob’s latest book, Essential Liberty, and get a PDF of the first three chapters of Bob’s new book.

Email *

Thank you!

Download the sample chapters.
Download the guide to the administrative state.

Links:

Related Shows:

  continue reading

104 episodi

Artwork

The Flight of the Golden Geese

Podcast - Bob Zadek Show

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published

iconCondividi
 

Serie archiviate ("Feed non attivo" status)

When? This feed was archived on January 08, 2022 07:42 (2y ago). Last successful fetch was on December 08, 2021 03:39 (2+ y ago)

Why? Feed non attivo status. I nostri server non sono riusciti a recuperare un feed valido per un periodo prolungato.

What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.

Manage episode 278855680 series 1004895
Contenuto fornito da Bob Zadek and The Bob Zadek Show. Tutti i contenuti dei podcast, inclusi episodi, grafica e descrizioni dei podcast, vengono caricati e forniti direttamente da Bob Zadek and The Bob Zadek Show o dal partner della piattaforma podcast. Se ritieni che qualcuno stia utilizzando la tua opera protetta da copyright senza la tua autorizzazione, puoi seguire la procedura descritta qui https://it.player.fm/legal.
golden geese.png

Subscribe

Get the podcast in iTunes and Stitcher.

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails. —William Arthur Ward

The Flight of the Golden Geese: How the 1% Matter to the 99% By Lesperance, David S, Angell, Ian

Earlier this week, President Trump pardoned two turkeys in what has become an annual White House tradition. His successor-to-be, Joe Biden, has signaled that he will be less merciful in his treatment of a different kind of bird – the proverbial “goose that lays the golden egg.”

Biden has championed his plan to raise taxes on individuals with income above $400,000, including raising individual income, capital gains, and payroll taxes. While this allegedly will bring in an additional $3.3 trillion in revenue over the next decade, the true figure will likely be lower, as growth slows and the tax base shrinks in response to higher taxes. This will partly be driven by the accelerated flight of the wealthiest individuals to more tax-friendly jurisdictions.

David Lesperance is an international tax and immigration expert who sees the writing on the wall for both High Net Worth individuals (HNWIs) who remain in places like the United States, and the politicians who are depending on these Golden Geese to stay. His firm, Lesperance & Associates helps clients select from a menu of more favorable jurisdictions to legally keep as much of their wealth as possible. This year alone, a record 6,045 Americans renounced their citizenship, and many more obtained “back up” citizenship in counties like Cyprus – including former Google CEO Eric Schmidt.

While progressive taxation schemes like Biden’s might sound good on paper, the end result is a shrinking and fragile tax base as fewer and fewer rich stick around to get “soaked.”

David joins me Sunday to talk about the options for HNWIs, and the danger to countries like the United States of going the way of France or the UK in their treatment of their Golden Geese. We will also discuss how average Americans can achieve the freedoms that libertarians value without convincing a majority of voters of the merits of libertarian principles.

You won’t want to miss this very practical episode of the show of #ideasnotattitude.

Tune in LIVE, this Sunday, from 8-9am PACIFIC and call in with your questions:

listen live small.png

(424) BOB-SHOW

Essential Liberty: Finding Freedom in a Post-COVID World By Zadek, Bob Buy on Amazon

Benjamin Franklin once said:

"Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety."

Sign up for the weekly liberty digest for a chance to win a paperback copy of Bob’s latest book, Essential Liberty, and get a PDF of the first three chapters of Bob’s new book.

Email *

Thank you!

Download the sample chapters.
Download the guide to the administrative state.

Links:

Related Shows:

  continue reading

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