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Joined 1 year ago
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Cake day: June 15th, 2023

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  • learn how to check your sources and their bias, dear.

    You’re telling me to check my sources? Before I got here, “the source” was a half-assed summary of a summary from CNN.com. I’m the one that found the original authors and the original report from the CNN article, honey.

    These clowns literally shill for the rich because that’s their clients…

    Of course they’re shills for the rich, everyone is that serves that market. You’ve made a total of 4 posts in this thread so far. Not a single one is offering an opinion on the topic. I have no idea what you agree or disagree with on the topic except 50% of your posts here are attacking people with ad homiem or vague references of superiority.

    Any time you’d like to join the conversation on the topic with a post of substance, you’d be welcome. So far I’m seeing nothing from you.


  • So plenty of FUD from a firm that…

    I only skimmed 5 pages or so of the report but, I’m not seeing much FUD. It looks like analysis from primary and secondary sources. You can certainly disagree with their conclusions. I’m not versed enough in that industry to speak authoritatively on it.

    Helps wealthy tax avoiders avoid tax. OK.

    It absolutely can be used for that. Or more specifically, there are those that are already doing that and this can provide other the path to do the same.



  • I get that cnn is just barely reputable tier news source, but you can read the actual report instead of having to filter out the cnn ELI5. That report is here: The Henley Private Wealth Migration Report 2024

    They’re tracking these wealthy people:

    “New World Wealth tracks the movements of over 150,000 high-net-worth individuals in its in-house database, with a special focus on those with over USD 30 million in listed company holdings. The database’s primary focus is on company founders (50%+ of the database) and individuals from high-value companies who hold the following positions: chairperson, CEO, president, director, and managing partner.”

    … and can see the actions a person takes before leaving with Visa filings and other actions:

    “Most migrating high-net-worth individuals do so via work visas, ancestry visas, and family visas or owing to having additional passports by birthright. New World Wealth estimates that currently around 25% opt for investment migration programs to secure residence rights or additional citizenships.”

    I believe their estimates:

    “It is important to note that the high-net-worth-individual migration figures in this report and dashboard focus only on people who have truly moved, namely, those who stay in their new country more than half of the year. Many wealthy individuals acquire residence rights for countries but never relocate to those countries. Such individuals are excluded from our figures, which are therefore on the conservative side.”

    It looks like this is part of the management consultancy they do as a business. They likely base their projections on key indicators from prior years that prove out. So when they say they X number of leaving, I’m betting they’re pretty close. This report alone has 18 authors and contributors at that company.










  • I hadn’t heard of this. Here’s the rates which I was interested in I found in a separate article:

    The new tax, set to take effect Jan. 1, will apply to any portion of taxable income above $1 million. For example, a taxpayer earning $2 million will pay the state’s current 5% tax rate on the first $1 million. The second million dollars will be taxed under a higher rate: 9%. That adds up to an extra $40,000 in state income taxes."

    The tax also applies to “one-time millionaires,” including people who make more than $1 million in taxable income from selling their homes or businesses. According to an analysis by the Center for State Policy Analysis at Tufts University, an estimated 0.6% of tax filers would see their tax bill increase as a result of this measure.

    source