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0 pointsFilligree2mo ago0 comments

The deficit reliably starts to come down whenever a Democrat leadership is in place. It then jumps back up under the Republicans.

0 comments

toomuchtodo2mo ago

Well, the unsophisticated and low education keep voting for Republicans, so what do? If you’re an individual, if you can, the best you can do is be prepared to get out and not have exposure to the US financially or from a tax perspective. Otherwise you’re stuck going over the cliff economically with the lemmings due to an uneducated, unsophisticated, vibe driven electorate and a suboptimal political and governance system lacking sufficient checks and balances to prevent this outcome.

Maybe we’re lucky and adults come back into power, but hope alone is not a strategy. No one is coming to save you, prepare accordingly. I have prepared accordingly to decouple from the US entirely as a citizen, if necessary. It’s regrettable and I have no other solution for those inquiring. You can’t control the winds, but you can adjust your sails. My genuine condolences and sympathies if one cannot escape the US either via income, wealth, or some form of visa (lineage, family, work, etc).

(derived from first principles)

KPGv22mo ago

so 100% of your savings are in foreign companies that don't have US as a client, plus BTC, and you have dual citizenship already plus don't own your own home?

toomuchtodo2mo ago

I own a residence outright in a European country, I have invested in a golden visa fund (renewables) that will provide my family European citizenship after five years, I am financially independent with a minority of my portfolio in US exposure, and I have built a network of folks who will employ me anywhere globally in almost any currency I choose. I hold no crypto while also holding at least a year of expenses in Euros. We have applied for and received permanent residency in Mexico as well (no upkeep cost, the only thing we can't do is vote). Even without a golden visa, Spain will allow you to apply for a digital nomad visa with a three year term from within the country while a tourist (for any employment sourced at least 80% out of the country), and with one two year extension, will then allow you permanent residency after five years (for example; there are many paths to an exit, citations below, and most of the developed world is hungry for skilled labor).

Through the actions above, I feel that I have diversified away from the US sufficiently for my risk appetite. I don't feel I need to renounce my US citizenship currently (due to foreign earned income exclusions), but I am also prepared for that in the future if necessary.

Resources for others I have assembled helping folks exit:

https://relocateme.substack.com/

https://old.reddit.com/r/AmerExit/comments/urwlbr/a_guide_fo...

https://old.reddit.com/user/Shufflebuzz/comments/1iv4dud/shu...

https://www.helpmeleave.us/

https://www.canada.ca/en/immigration-refugees-citizenship/se... (Canadian citizenship by descent)

https://healthcareinfusion.org/ (for healthcare workers interested in Canada)

https://lookerstudio.google.com/reporting/b58914ce-b98d-4330... from https://pancakeonastick.substack.com/ (Digital Nomad Visa Map)

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elicash2mo ago

In "defense" of Republicans, the MAIN reason for deficit increasing under Republicans is that their administrations often end with some type of economic disaster. Their increased spending is part of the picture, but not as responsible as the impacts from final year recessions.

yoyohello132mo ago

It blows my mind that republicans are still seen as the fiscally responsible party.

mrguyorama2mo ago

It's a great indicator of how much of the American public's sentiment on everything is driven by marketing.

Just say "Fiscal responsibility" enough times and it's magically true, and nobody will listen to the educated people pointing at literal receipts because they are "the elites", which is a group that somehow doesn't include the people who's wealth has grown 10x based on explicitly pro-rich person fiscal policy for decades.

It's why they blame democrats for "globalism" as well, despite the fact that the entire country loudly voted for Reagan because of his "lets reduce taxes and magically get rich" narrative.

Or how it's constantly said that "Democrats turned their back on blue collar workers". Said by people voting for the "Unions are inherently bad" party.

Everything about American behavior makes sense when you understand them as especially prone to swallowing marketing and ideology as truth.

j / k navigate · click thread line to collapse

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toomuchtodo2mo ago

(derived from first principles)

KPGv22mo ago

so 100% of your savings are in foreign companies that don't have US as a client, plus BTC, and you have dual citizenship already plus don't own your own home?

toomuchtodo2mo ago

Resources for others I have assembled helping folks exit:

https://relocateme.substack.com/

https://old.reddit.com/r/AmerExit/comments/urwlbr/a_guide_fo...

https://old.reddit.com/user/Shufflebuzz/comments/1iv4dud/shu...

https://www.helpmeleave.us/

https://www.canada.ca/en/immigration-refugees-citizenship/se... (Canadian citizenship by descent)

https://healthcareinfusion.org/ (for healthcare workers interested in Canada)

https://lookerstudio.google.com/reporting/b58914ce-b98d-4330... from https://pancakeonastick.substack.com/ (Digital Nomad Visa Map)

1 more reply

elicash2mo ago

yoyohello132mo ago

It blows my mind that republicans are still seen as the fiscally responsible party.

mrguyorama2mo ago

It's a great indicator of how much of the American public's sentiment on everything is driven by marketing.

It's why they blame democrats for "globalism" as well, despite the fact that the entire country loudly voted for Reagan because of his "lets reduce taxes and magically get rich" narrative.

Or how it's constantly said that "Democrats turned their back on blue collar workers". Said by people voting for the "Unions are inherently bad" party.

Everything about American behavior makes sense when you understand them as especially prone to swallowing marketing and ideology as truth.

j / k navigate · click thread line to collapse