now that I've made the video talking about how they don't care if you leave I'll make a video talking about how they don't want you to leave I mean just right off the bat some of you guys are
security risk some people that are unhinged and not right upstairs they pose issues to diplomacy I mean you look at this Johnny Somali guy and he I'm sure is causing some substantial challenges in the relationship between the United
States and South Korea I mean he's an American regardless of whether you think he should or shouldn't be an American uh he's an American and he represents the United States abroad plenty of more skilled content creators than myself
have covered this topic I'm not going to go into significant detail about it but he's a representative of the United States and and there's a lot of people like him out there probably tens of thousands of people who
wish they could do what he does are out there but otherwise they would love to cause chaos and Mayhem around the world I mean you just have a lot of Psychopathology in expact communities if you think you're embarrassed
to be an American based on the behavior of people back home in the states come overseas you'll be doubly or trip embarrassed by what you see and encounter on a consistent basis it's it's so embarrassing hello sir the
Philippines is one of the most beautiful countries in the world and to see all the different ways that Americans find to waste their time here will never cease to amaze me I joke about it all the time we
are not sending our best over here not by a long shot if you come over here you will meet narcissists Psychopaths sociopaths masochistic people in droves I have never met such a group of screwed up Americans in my
life maybe cuz I've never been to prison where a lot of these guys belong number one is is that you are paying taxes now I know that some people feel that they have to pay taxes around the world
that regardless of their location in the world for Americans they owe taxes but there are quite a few taxes that the US government benefits from collecting that you only pay if you're living in the US sales taxes an
example where a number of states they rely on sales tax to make up a good chunk of their tax tax revenue Washington state is an example of this and there are quite a few others you can think of
that they collect a lot of sales tax and a lot of that sales tax relies on them selling you stuff in state or in the country um you know every time you buy a meal every time you make
a purchase on Amazon every time you make different kinds of purchases of consumable goods then you in effect create made a taxable event or a taxable transaction and somebody wants to collect the revenue from that transaction other types
of taxes property tax is another example where if you are renting an apartment property tax is still going to get paid on that Resident different than if you're living in like an RV different than if you're living in
your car or you're living in like an off theegg grad cabin the highest property tax rates are typically in areas with lots of services and those areas can collect a lot of property tax from you um you got
to pay your property tax anybody that owns property knows that I've had to pay property tax before also Vice taxes if you're somebody that you like to drink or you like to smoke then there are a number of
taxes that are levied on vices and if you're in a bar in the Philippines the US ain't collecting that tax revenue also income tax if you're not working for a US Corporation and you're not uh earning money from
income from a job then you're not paying income tax and income tax is a pretty substantial tax for a lot of people and so if you become an expat you start living overseas you don't need as much money
to live maybe you retire early that's harmful to the entities that benefit from collecting income tax they really like being able to tax your income earn from a job and if you're not having to work a job to
pay for that High Cost of Living then then that money has to still come from somewhere another example specific to California would be the California gas tax California is widely critiqued for having some of the most expensive gasoline
in the United States and part of the reason for that is there is a California gas tax levied on all the gasoline sold in California and not only does this affect consumers but it also affects any kind of
business that uses gasoline in their operations if you're not there in the states and you're not consuming products in California you're not commuting to work in California there goes the gas tax I'm not collecting Social Security but I
think at this point Social Security is taxed I know there have been some words about changing that maybe removing the tax from social secur income but as it stands I'm pretty sure people have to pay tax on that
Social Security this next example might be reaching a little bit but let's say you're a young guy you become an expat at an atypically early age you move abroad and you start your family abroad you don't start your
family back in the States and you decide you know what I'm not going to raise my family back in the States for whatever reason the values don't align with you you decide you're going to raise your family overseas
families pay a lot of taxes they pay a lot in consumption taxes they pay a lot in vehicle taxes now the family needs two vehicles instead of one or one vehicle instead of relying on public transportation Junior needs
to go to a good school so they live in a neighborhood with higher property taxes mom and dad need to both work and work jobs with long hours because they've got to pay for the house in the nice
neighborhood or they've got to pay for private school and the property taxes for a house in a nice neighborhood and while they may not pay additional taxes on the private school tuition but the private school teachers pay additional
taxes in terms of tax revenue for additional services that stack on top of the property tax collected for these nice neighborhoods Point number two is that businesses want to reclaim these additional dollars being paid out so social security
for a lot of seniors it was started out as kind of an emergency type of a thing now you have a fair amount of people relying upon it to survive and many people are not just storing it up
in a bank account many people are using it to survive and so if a person takes that income abroad then that money doesn't get reclaimed by businesses businesses have what's called a total addressable Market uh Tam and they
figure the maximum potential Revenue they could have for any Division and part of how they calculate that is figuring out how much money do people have to spend uh you know how much money can they spend on food
how much can they spend on Transportation how much could they spend on shelter taxes all these things are calculated I'm not a hardcore accounting guy but businesses try to figure out how can we maximize Revenue how can we
make the most possible money we could make and part of that is based on population numbers and the income of those population numbers and also the velocity of money how quickly money moves throughout the system and when you
take money out of the system and you're paying rent to an overseas landlord and you're paying for meals and restaurants overseas you're paying for in cab drivers the maximum possible money doesn't get pulled back into the system or
pulled into the coffers of various businesses it's in somebody else's pocket and I know some of that money eventually Finds Its way back to the US I mean the US exports a ton of food the US is in
charge of a large chunk of the oil and gas business and the US is home of the tech industry but still not all of those dollars come home to roost well that may not be a problem for the
US government because uh that helps to reduce inflation it probably does bother some corporate interests that are like if it weren't for all these expats we could have made Millions more in income and maybe that doesn't sound much
much for corporations that are multi-billion dollar corporations but the leadership of these companies wants their multi-million dollar bonuses and every little bit on top can benefit them in the form of bonuses can uh benefit them from being able
to take more luxury vacations you know send their kids to top universities you know have different kinds of nice things that they want that are frankly Out Of Reach for a lot of Americans that are beyond the consideration
of most Americans but are in consideration for the very well to do in the United States I remember working in sales and we had very aggressive sales goals it wasn't like oh do a lukewarm job and maybe get
a few customers no it was get every single possible customer you can get in the door we don't want to miss a penny of potential revenue and we want to move as many businesses forward as possible we don't
want to miss out on a dime uh and so all businesses operate this way that's their job is to reward shareholders that's literally in the description is to make a profit and to to be economically productive to generate
value for the shareholders is the primary purpose of every business uh anything else is just ancillary we shouldn't idealize them for doing what they've got to do to make a profit the next point point number three is the
soft power point and the US relies heavily on its soft power to attract wouldbe immigrants to the country there's a lot of people that they look at Hollywood movies and they're inspired to try to move to the US
I can't tell you how many immigrant stories I've heard where they saw a certain famous actor or actress and thought man I have to move there and so when you meet dissatisfied or frustrated Americans living abroad it hurts
with the selling of that dream you know when people go abroad and they say man my life back home really sucked it was financially difficult it was traumatic I dealt with different kinds of conflict I didn't get along
with my neighbors crime was really bad in my city um the weather was cold and overcast much of the time the environment was just not very good the political climate was really stressful and divided people seem quite hostile
these things really hurt the sale of that dream I mean you ever work in sales you learn it's important to keep it positive and when these ambassadors of the US go to move to other countries and talk about
and talk about how their car got broken into or talk about how Grandma had to sell her house cuz she couldn't afford the property taxes anymore that really makes it a harder sell right I know a lot of
people will tell the Filipino audience oh you're all clamoring to live in the US but many of them will tell you we no longer dream of the us we're eyeing Japan we're eyeing Korea those look like safe countries
those look like places where people live in harmony meanwhile we see in the US we hear from our relatives in the US quality of life seems to be in steep decline we see these we see some people that
appear to be American Rejects coming to live in Southeast Asia not all but some you know it just doesn't really paint the most glamorous picture when you see the homelessness in the United States you hear about the tensions
with the migrants it's just one thing after another I mean today I've been hearing about the incidents in New Orleans and Las Vegas tragic terribly tragic and that's just one day in the US I could go on and
on about this subject but the soft power of the US seems to have peaked between like 1995 in 2010 some would say it was more from 1980 to 2000 but that soft power seems to have peaked and appears
to be in Decline I made a video earlier this year in Thailand asking the question will there be a flood of expats in the future and I think that video is more relevant than ever I think more and
more people are seeking ways to leave the United States and that doesn't bode well for the soft power of the United States that the problems are becoming so intense that people are looking to leave I mean there are
forums and YouTube channels with tens of thousands of young men trying to find a way out of the US I think that number will only increase in the coming years as the US has more and more problems the
fourth point is brain drain and I know some people throw around the phrase loser back home but with the introduction of the digital Nomad visas I think more and more bright people will look at other countries particularly those
who offer these DTV visas as alternatives to the us as places that they might rather live where their income goes farther where they enjoy a higher quality of life places with higher Social cohesion less of the sense of
social Decay there's a lot of reasons for a bright person to look at other countries I know that in spite of its high quality of life in terms of sunny weather that a lot of people have left the
Bay Area and California in general and I think that's a sign of things to come I think a lot of people don't like the crime in California don't like the High Cost of Living they don't like the taxes
they don't feel like it's really a good deal anymore now I don't think that's the case for everything I think the AI industry is obviously based in the Bay Area and it will continue to attract top talent in
terms of engineering universities like Berkeley and Stanford but I do think some other countries will try to attract some of these top talents like pointing out hey do you want to ride in a clean Subway way and live
in a modern condo or do you want to ride on an old and falling apart system and live in an ancient Studio I mean for me it's an easy choice I'd rather live in a modern condo in a
safe City and there are plenty of Americans that I don't particularly want to be around there's a nonzero number of people out there that I don't want to be around that's part of the reason I live in Southeast
Asia is there's quite a few people back in the US I don't want to be around and I know plenty of other smart people that feel the same way more and more young people like I said moving abroad
they don't want to live around the turmoil in the US they don't want to live around the crime they don't want to be around their toxic family members they don't want to be in the Hostile social climate for
some smart young men you know are they going to be satisfied with knowing hey I can't start a family now not all smart young men want to start a family but some do and they realize wow I can't
buy a home in the area in which I can find a good job and earn a good living and there are all these economic headwinds as far as inflation goes and sorry guys my mic cut out there's a
presumption that it's only unsuccessful people that don't want to live in the US but there are plenty of successful people these days that would enjoy living outside of the US and bright people as well they feel that living
outside the US would allow them to raise their families in a place where there's greater alignment with their values they may have a certain religious Faith they may have certain uh beliefs that they feel are more welcome elsewhere
Fifth and final point is health insurance now I'm sure by now many of you have seen that the health insurance industry is in the spotlight right now for obvious reasons and the health insurance industry relies on lots of
people paying in and being able to deny claims or refuse reimbursement on a certain percentage of those claims and I've never seen an issue get the kind of you could say bipartisan support in the US I think a
lot of us have been negatively impacted in some way by health insurance company policies now I'm not sure about what type of policy is most profitable for the insurance companies I'm not sure what demographic I don't know if
it's family plans I don't know if it's Bachelor plans it's probably determined by Actuarial scientists like people who use very complex math equations probability and statistics data modeling that kind of thing part of what they benefit from is
that people will pay into the system and they won't have to pay out claims this pile of money with which they're able to invest now some of these businesses won't exactly be able to operate to the same level
of profitability if they've got fewer customers fewer people paying into the system and contrib contributing to these businesses in terms of insurance payments one thing I will point out it would make sense to me and I don't know
this for a fact let me know if you know differently down in the comments that a younger person or a young family is more likely to have a higher lifetime value you look at their life expectancy the fact
that they'll need insurance for decades as opposed to maybe shorter term if you're talking more about uh typical retirement age people then this could become more concerning not just for the insurance industry as well but also domestic healthare
providers I remember the last time I saw a dentist in the US this was several years ago now since then I've seen dentists here in Southeast Asia I remember on that visit the dental hygienist getting upset when I
told her I'd saw dental treatment abroad and she gave me these vague answers as to why I shouldn't do that later I spoke with a friend of mine who had previously trained to be a dental hygienist and she
explained to me they really don't like it when you do that and and the answer was obvious I didn't have to ask her why they don't want you to seek Health Care treatment overseas so it's not just the
insurance companies uh which do get a lot of the flak but it's also the providers that want to charge you these outrageous prices if you leave and you're getting treatment overseas you're paying a fraction of the price for
dental work or a fraction of the price for uh different procedures we're not talking about the effectiveness of these treatments whether they're good whether they're bad that's besides the point this isn't medical advice but where the money goes
right that's my background I have some experience in the financial industry and I'm always asking myself where did the money go where will the money go where is the money going one of the things I've noticed living here
in Southeast Asia is that Goods tend to be more expensive Services tend to be cheaper so it only makes sense that service providers that sell services with a markup want you to pay the highest mark up possible and
in America a lot of things are marked up whether it be medication whether it be Services food any kind of service you can think of in America they're charging as much as they possibly can they've got people to
do the math to figure out how do we make the most money and so that's worth keeping in mind so anyway thank you so much for watching let me know what you think down in the comments below it
always helps to generate interesting discussion do you agree with these sentiments do you feel like they don't want xats to next give us a thumbs up it really helps with the YouTube algorithm and finally if you want to
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