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Re:Switzerland in the age of automatic exchange of banking i... by colechristensen on Wednesday September 18, 2019 @07:44PM (#21011734)
For starters the first $103,900 is tax free if you qualify and are living abroad.

What it comes down to is that because of its size and economic power there is an enormous incentive for wealthy people who earn their income (in an actual sense, not a tax law menagerie sense) in the US to try to avoid US taxes by living abroad and moving assets, their "home", etc outside of US jurisdiction while still in reality earning their income from the US.

One of the basic benefits is always being able to return to the US. Being inside American borders is very much safer than being anywhere else if/when the next major global military issue arises.

You also get the benefits of the US legal system if you maintain ties, investments, etc.

If you don't want to pay those taxes you are welcome to renounce your citizenship, but you have to get another country to accept you first. (they won't revoke your citizenship if the result is your being stateless)

Re:Switzerland in the age of automatic exchange of banking i... by Scoundreller on Wednesday September 18, 2019 @08:21PM (#21011963)
> One of the basic benefits is always being able to return to the US. Being inside American borders is very much safer than being anywhere else if/when the next major global military issue arises.

It’s a funny fear, because today, being in the US vs. some other developed country takes about 7-8 years off your life.

Meanwhile, those developed countries with functioning health care systems that you can return to whenever don’t bother with worldwide taxation.

Re:Switzerland in the age of automatic exchange of banking i... by gruez on Wednesday September 18, 2019 @08:32PM (#21012027)
>It’s a funny fear, because today, being in the US vs. some other developed country takes about 7-8 years off your life.

https://en.wikipedia.org/wiki/List_of_countries_by_life_expe...

When accounting for all sexes, US sits at 79.3 years and the top country sits at 83.7 years. Where is this "7-8 years" coming from?

Re:Switzerland in the age of automatic exchange of banking i... by Scoundreller on Wednesday September 18, 2019 @08:47PM (#21012114)
> Where is this "7-8 years" coming from?

My poor recall.

Re:Switzerland in the age of automatic exchange of banking i... by nradov on Wednesday September 18, 2019 @08:56PM (#21012164)
The factors which shorten average lifespans for Americans by a few years relative to some other developed countries are almost entirely lifestyle issues. They aren't actually caused by geographic location or government problems.
Re:Switzerland in the age of automatic exchange of banking i... by erikpukinskis on Wednesday September 18, 2019 @11:26PM (#21012998)
I think that’s debatable. France for example goes to great lengths to preserve local food culture and the protection of locally produced heirloom foods.

The US government couldn’t care less. If everyone decided to eat only TV dinners and shelf stable snacks that would be A-OK, even desirable because that kind of thing leads to GDP growth. France would never allow it.

US governments are borderline contemptuous of tradition, and tend to court radical reinventions of basic needs. That leads to people getting hurt, but is great for the economy.

Re:Switzerland in the age of automatic exchange of banking i... by filoleg on Thursday September 19, 2019 @02:14AM (#21013748)
>If everyone decided to eat only TV dinners and shelf stable snacks that would be A-OK

>France would never allow it.

While I do not support eating unhealthy foods like that on a regular basis at all (I have some sort of instinctive repulsion towards that), I do support allowing adults to have the freedom to make their own choices regarding what they eat.

Re:Switzerland in the age of automatic exchange of banking i... by erikpukinskis on Thursday September 19, 2019 @02:12PM (#21018920)
By and large, American grocers don’t sell food like that, so we don’t really have the choice.

In the U.S. no one is going to force you to buy anything, but no one will save you when your market disappears.

It’s a kind of freedom, but it’s not “more choice”. It’s often less choice.

Re:Switzerland in the age of automatic exchange of banking i... by colechristensen on Wednesday September 18, 2019 @08:36PM (#21012056)
>It’s a funny fear, because today, being in the US vs. some other developed country takes about 7-8 years off your life.

Does it actually?

I assume that disparity is more to do with the populations of impoverished people around this very diverse country that can't compare to smaller European countries that just don't have those populations.

There is no Mississippi in Germany, those populations are in other countries.

If you compare the whole European Union to the US the disparity is much smaller.

>It’s a funny fear, because today, being in the US vs. some other developed country takes about 7-8 years off your life.

I think that is an exaggeration, I can't find that statistic anywhere.

But you have to look at people in your demographic, not the entire country.

The US has the best health care in the world if you can afford it.

Just about anybody can get insurance and set aside the max out of pocket costs to insure themselves and their family, but they will take a considerable hit in quality of life, home size, luxuries, etc. In other countries that health care is paid for with lowered salaries through taxes and quality of life takes a hit anyway.

Re:Switzerland in the age of automatic exchange of banking i... by DiogenesKynikos on Thursday September 19, 2019 @03:20AM (#21014053)
There are plenty of large European countries with good healthcare systems: Germany, France and the UK, for example. I don't think there's a reason why countries with 60-80 million residents can establish good healthcare systems, but countries with 300 million people can't (even China, a much larger and poorer country than the US, is approaching universal coverage). But even if that were the case, individual US states could step in and set up their own universal healthcare systems.

> There is no Mississippi in Germany, those populations are in other countries.

It depends on what you mean by that comparison. Germany relatively recently absorbed a much poorer East Germany. There are still states like Mecklenburg-Vorpommern that are much poorer than the average in Germany. Yet they're all integrated into Germany's very good healthcare system. It could be the same in the US, but it isn't, for political reasons.

> If you compare the whole European Union to the US the disparity is much smaller.

This is not true. The European Union member states have a much greater range of GDP/capita than US states.

Re:Switzerland in the age of automatic exchange of banking i... by angry_octet on Thursday September 19, 2019 @01:13AM (#21013474)
You would have to be very rich indeed to achieve the same level of cover as is provided in comparable economies (UK/DE/AU etc), because the insurance is expensive and out of pocket costs / copay is high, and you may discover you cannot get or maintain insurance once you develop a chronic condition.

But even if you dealt with a broker and crafted a special insurance insurance product to deal with the eventuality of being denied further insurance, you are ignoring something significant: you don't improve the quality of life or lifespan of the population by making healthcare only accessible to the rich.

Re:Switzerland in the age of automatic exchange of banking i... by trevyn on Thursday September 19, 2019 @02:29AM (#21013824)
The ACA has removed the pre-existing condition problem, and significantly changed some of the pricing considerations. It’s more affordable now than many are led to believe based on the old structure.
Re:Switzerland in the age of automatic exchange of banking i... by Scoundreller on Wednesday September 18, 2019 @08:46PM (#21012112)
> The US has the best health care in the world if you can afford it

But you don’t need a US passport to access that, just a decent one.

Re:Switzerland in the age of automatic exchange of banking i... by eloff on Wednesday September 18, 2019 @08:39PM (#21012077)
No, the US is likely to be the other side of whatever the next major conflict is. If it's a major conflict it will likely end in nuclear war, even if it doesn't start that way. The US is the last place you want to be. Australia, New Zealand, or South America would be much safer, and the climate still amenable to growing food during the nuclear winter. In Australia and New Zealand the land area to population is also very high, which helps in a famine situation.

I like to think (hope? Dream?) That there won't be any more major conflicts now that we have nuclear weapons. But betting against the stupidity of politicians seems like a risky proposition.

Re:Switzerland in the age of automatic exchange of banking i... by Erlich_Bachman on Thursday September 19, 2019 @03:03AM (#21013978)
> One of the basic benefits is always being able to return to the US. Being inside American borders is very much safer than being anywhere else if/when the next major global military issue arises.

Well to be fair, once you move back in you will already start paying taxes again. This "benefit" is already paid for by you paing taxes when you effectively become resident again after moving inside the country again. Exactly like it works for any other country right now. This is questionable as a benefit while you're not living there.

> You also get the benefits of the US legal system if you maintain ties, investments, etc.

You get those benefits even if you just do some business in US as a foreigner. By this logic, should US also tax worldwide income of anyone who does any business in it and relies somehow on its legal system? Cmon this is a huge stretch. Also if you maintain ties, investments, this means that you are already helping the country by either supporting business or outright keeping your capital in the country and helping it by investing in it. You are ALREADY helping the country. And by this logic the country is supposed to tax you further to what puniush you for helping it?