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0 pointssatvikpendem9mo ago0 comments

It's not that easy, as in, you can make the money but the logistics of moving and living in another country are always harder than expected, both culturally and bureaucratically.

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Johanx649mo ago

>logistics of moving and living in another country are always harder than expected, both culturally and bureaucratically.

You know what's hard? Moving from a poor "shithole" to a wealthy country, with expensive accommodation, where a month of rent is something you'd save up months for.

Knowing and displaying (faking really) 'correct' cultural status signifiers to secure a good job. And all the associated stress, etc.

Moving the other direction to a low-cost-of-living or poor shithole country is extremely easy in comparison with a fat stack of resources.

You literally don't have to worry about anything in the least.

eastbound9mo ago

Apart from the tax office suing you in oblivion because the startup you’ve founded is now worth 10x its revenue, so you need to pay 40% CGT with only 1/10th the income (at least that’s the French exit tax).

So basically once you are rich, you have to choose to leave most of it on the table to go to a poor country.

bravesoul29mo ago

If you have an early startup valued based on vibes, and they tax you on those vibes (do they... source...?) then you are not rich. A xoogler who saved 500k post tax is arguably richer in that scenario.

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satvikpendemOP9mo ago

Just because it's easier elsewhere doesn't mean it's per se easy. There are lots of bureaucratic challenges one must face even with lots of money, as my expat FIRE friends have found out over the years.

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