WEBVTT 00:00.000 --> 00:05.420 Donald Trump won't save you. Nigel Farage won't save you. Pierre in Canada won't save you. 00:05.880 --> 00:10.680 Even as a free market capitalist I can tell you the right-wing politicians aren't going to make 00:10.680 --> 00:14.320 a dramatic change in your life or your business. This is why. 00:17.240 --> 00:22.380 One of the reasons why I became the nomadic capitalist was I felt politically homeless 00:22.380 --> 00:28.580 where I was from. I as a free market capitalist often held my nose and said all right I'll 00:28.580 --> 00:33.980 look for the right-wing guy because I'm a business person that is my greatest identity. I want stuff 00:33.980 --> 00:39.020 that's pro-business. I don't want to be paying more money this government that's wasting my tax dollars 00:39.020 --> 00:45.140 but I never entirely agreed with the right-wing on certain personal freedoms on things like wars 00:45.140 --> 00:48.660 and you know I realized voting for some libertarian he's going to get one percent 00:48.660 --> 00:53.320 of the vote that's not the solution either and yet what I want to tell you is why 00:53.880 --> 00:58.620 red states and why right-wing politicians aren't going to save you whether you're an American, 00:58.800 --> 01:03.700 a Canadian, whether you're British or Australian. Not always every politician looking out for their 01:03.700 --> 01:07.500 own interests including the ones that you might happen to agree with but where I think the right 01:07.500 --> 01:14.540 wing falls as it becomes in certain countries more populist is they will be against options. 01:15.020 --> 01:20.620 I never physically understood the idea of taking your nationality as an identity you 01:20.620 --> 01:25.200 should be proud of what what did you do to earn that you just it was bestowed upon you by a matter 01:25.200 --> 01:31.340 of chance and yet it is generally right-wing politicians who want you to recite or I'm from 01:31.340 --> 01:36.460 the pledge of allegiance they want you to put your hand over your heart and sing the national anthem 01:37.020 --> 01:43.160 and do this conditioning where you should work for the state. Now there are countries that are 01:43.160 --> 01:47.440 bringing back or talking about bringing back conscription that is not always done by right 01:47.440 --> 01:53.980 wing politicians to be fair but for me when I read comments like this I think to myself as 01:53.980 --> 02:00.200 someone who wants options in my life is someone who doesn't think that a country makes you and you 02:00.200 --> 02:06.060 should go where you're treated best I say to myself the right wing may not have my back 02:06.060 --> 02:11.260 someone said I watched a video with Vivek Ramaswamy who ran for president Republican primary 02:11.260 --> 02:16.400 and Ann Coulter her her thing has been immigration for 25 years and they were talking 02:16.400 --> 02:21.720 about how they were against dual citizenship now both Ann Coulter and Vivek talked about illegal 02:21.720 --> 02:25.680 immigration Ann Coulter has been talking about shutting down legal immigration for a long time 02:25.680 --> 02:30.060 we may agree in some of that we may disagree on some of that I happen to think that the way the 02:30.060 --> 02:34.020 world is going whether you like it or not is the most talented people are going to win and 02:34.020 --> 02:39.200 the barriers to stop someone who's in Mexico or Malaysia or Montenegro who's more talented 02:39.200 --> 02:43.360 than American that you know from that person getting a job those barriers are coming down 02:43.360 --> 02:48.880 because no MediCampus has 100 people working here not a single one works in the United States 02:48.880 --> 02:54.200 and that actually benefits me to not have them working in the United States I can go and we 02:54.200 --> 02:58.020 find the people who are best for the job not because of their nationality but because they're 02:58.020 --> 03:03.620 the best and I think that in some small way I've told you many times that is part of why 03:03.620 --> 03:07.740 you're seeing Americans their wages aren't growing as fast a lot of western countries are 03:07.740 --> 03:12.700 feeling that same pinch and so people like Vivek and Ann Coulter have some prominence 03:12.700 --> 03:16.880 in some circles if only we stop letting in the immigrants well if you let the immigrants in at 03:16.880 --> 03:21.120 least you can tax them at least the money comes into your coffers at least you're the one you 03:21.120 --> 03:24.240 know that's getting the person who's going to do the next AI I understand not everybody who's 03:24.240 --> 03:27.880 immigrating is you know part of AI you're working in Silicon Valley you're doing something 03:27.880 --> 03:34.420 great or paying a lot of taxes but some of them are and the barriers of you know only 03:34.420 --> 03:38.540 Americans should make good money and everyone else you know can suffer because we want to 03:38.540 --> 03:43.100 have our three cars in the garage I think those days are over but here's why I make that comment 03:43.660 --> 03:48.880 Vivek and Ann Coulter then had this discussion where they said how they're against dual citizenship 03:48.880 --> 03:54.300 and I think they're conflating the two by saying that in the same way we need to keep 03:54.300 --> 03:57.460 immigrants from coming in including they want to reduce legal immigrants and if you agree 03:57.460 --> 04:03.580 with them fine I respect that but why should you as a citizen of the country have fewer 04:03.580 --> 04:10.420 options because of their sort of jingoistic view of the world this commenter says many closed-minded 04:10.420 --> 04:15.460 people in the far right would agree that there should not be dual citizenship and we've seen I 04:15.460 --> 04:19.120 don't want to throw around terms but certainly there's some people who are anti-semitic about it 04:19.120 --> 04:23.620 not to say that everything said about Israel is anti-semitic but there's been some anti-semitic 04:23.620 --> 04:29.180 comments about dual citizenship and people use that as kind of their their fuel policies against 04:29.180 --> 04:34.520 dual citizenship would most likely occur under a far right government yeah I mean if we look at 04:34.520 --> 04:39.520 the governments around the world that opened up dual citizenship which has happened at a greater 04:39.520 --> 04:43.920 extent than you might think over the last 25 years they might be center left I don't know if 04:43.920 --> 04:48.340 they're far left they were probably more center left I mean Germany is opening up and not only 04:48.340 --> 04:52.860 making it easier to naturalize but you might agree with or not but is making it easier to 04:52.860 --> 04:59.660 become a dual citizen German I think it's a good thing the world has changed and is the 05:00.280 --> 05:06.220 nature of gentlemen and should be the nature of countries to change with them and so this particular 05:06.220 --> 05:10.100 person commented and said hey Ann Coulter and Vivek talking about why you shouldn't have dual 05:10.100 --> 05:15.080 citizenship means you have fewer options now they may not want to raise your taxes but the 05:15.080 --> 05:19.800 side product of you having fewer options is the government's gonna be more emboldened to do 05:19.800 --> 05:24.400 whatever they want and in the United States you still have citizenship based taxation as I'm 05:24.400 --> 05:28.120 sitting here which means as an American no matter where you live you're going to pay some tax or 05:28.120 --> 05:31.740 at least you're going to be filing tax returns we help people legally reduce their tax if you go 05:31.740 --> 05:37.280 to nomadcapitalist.com slash apply we can still help Americans save 80 90 even 100 percent give 05:37.280 --> 05:42.660 or take of the amount of taxes you pay by moving overseas I don't think Vivek and Ann Coulter 05:42.660 --> 05:47.020 like that idea I think even though we are all ostensibly free market capitalists and we 05:47.020 --> 05:51.840 probably agree on a number of things we very vehemently I would guess disagree on that and we 05:51.840 --> 05:56.260 certainly vehemently disagree on dual citizenship I don't think you need to be saying the Pledge 05:56.260 --> 06:01.200 of Allegiance if you want to be proud of your identity and the culture in your community and 06:01.200 --> 06:05.160 the people in your inner circle and the things that you've accomplished that's great uh let 06:05.160 --> 06:09.220 me tell you this there are people all over the world because we have clients from all over 06:09.220 --> 06:12.960 the world who are building multi-million-dollar businesses at a guy from a village in Egypt 06:12.960 --> 06:17.480 moved to Cairo at 18 years old as a multi-million-dollar business he didn't have to move to the 06:17.480 --> 06:21.860 United States to do that it's not the only place people become successful it's become easier to do 06:21.860 --> 06:26.700 all over the world in fact the vast vast vast majority of my success came from after leaving 06:26.700 --> 06:31.300 the US and you can say I went to the public school system there for most of my upbringing 06:31.300 --> 06:35.000 well we paid for the public school system it should not be the only system you have to 06:35.000 --> 06:38.680 pay for for life and I think that's where I would disagree with people on the right wing 06:38.680 --> 06:44.480 I think they want to restrict your freedoms not saying they as if I'm some crazy left-wing 06:44.480 --> 06:49.820 Bernie Sanders voting guy I've been very harsh on the new Labor government in the UK 06:50.360 --> 06:54.560 on the previous government in New Zealand on you know Justin Trudeau in Canada 06:54.560 --> 06:59.460 Biden and you know wanted to raise your taxes but you ought to be allowed to have dual 06:59.460 --> 07:03.500 citizenship and it shouldn't be the government's job to tell you and the reality is the thing 07:03.500 --> 07:09.120 of dual allegiances yeah becoming St. Lucian by going through a citizenship by investment program 07:09.120 --> 07:13.760 I doubt there's going to be you know in the big US St. Lucia war breaks out you know you'll have 07:13.760 --> 07:17.980 to choose which side you're on so that's one thing I'm concerned about one citizenship 07:18.780 --> 07:23.960 can be your undoing even if you choose not to leave the country you're more likely to be 07:23.960 --> 07:27.840 conscripted you have fewer options in that regard there are some countries that say if 07:27.840 --> 07:31.340 you're a dual citizen you can avoid conscription or you can do something to avoid conscription 07:31.340 --> 07:35.580 I don't think the government should be allowed to force you you know you abolish slavery a long 07:35.580 --> 07:39.880 long time ago let's not bring it back to force people to join and take up arms trade wars against 07:39.880 --> 07:42.400 your business one of the things I've talked about if there are going to be more tariffs 07:42.400 --> 07:47.200 what trade wars are out there I talked about some of the sanctions whether they're good or bad 07:47.200 --> 07:50.900 I don't think they help the US I don't think they help us businesses I think they're a desperate 07:50.900 --> 07:57.040 laugh last act of a dying empire and that's eventually going to hurt your business if 07:57.040 --> 08:00.560 you only have one citizenship I guess you're going to go down with the ship when more 08:00.560 --> 08:04.040 countries in bricks or whatever their alliance get together and say yeah we don't really want 08:04.040 --> 08:08.000 to work with American companies we work with these plenty of companies that we have and every 08:08.000 --> 08:12.460 time the US sanctions one of our countries yeah oh yeah chip we can't get chips all right 08:12.460 --> 08:16.740 we'll start making our own chips okay problem solved I think that's going to hurt you eventually 08:16.740 --> 08:21.880 and I think that this right wing concept of American exceptionalism sure there are things 08:21.880 --> 08:26.200 about the so-called American experiment that are good I don't know how many of them exist today 08:26.200 --> 08:31.980 so let's not as I talked about it nomad capitalist life let's not live in nostalgia right I worked 08:31.980 --> 08:36.920 in the radio business for some time in my industry and I talked about how there were these once 08:36.920 --> 08:44.420 great radio stations WCBS and KGO and others that have now been reduced to a utter tiny 08:44.420 --> 08:49.260 fragment of a shell of themselves I didn't stick around in the radio business because it was over 08:49.260 --> 08:55.940 I made money well I could and I exited stage right and I think that's where the US is so 08:55.940 --> 09:01.500 sure is there some great history great in relationships we've all had friendships we've 09:01.500 --> 09:05.720 all had love relationships there was a great history you can't look back on the great history 09:05.720 --> 09:10.600 when there's a current big problem you have to deal with the big problem in the current 09:11.420 --> 09:16.280 and so you know quite frankly I just think that you know it's going to be the right wing 09:16.280 --> 09:22.080 who talks more about rah rah rah American exceptionalism and I think that American 09:22.080 --> 09:28.800 exceptionalism talk causes people to overlook by poo-pooing every other country oh brazil what 09:28.800 --> 09:33.340 do you know we're losing to brazil even people on the left quite frankly who you know the bill 09:33.340 --> 09:37.120 mar types who are a little more sympathetic to the right wing now they're like how are we losing 09:37.120 --> 09:42.740 to brazil brazil like like this attitude only your country does great things you're right 09:42.740 --> 09:47.240 I mean whether you like them or not look at what shine has done look at what a lot of 09:47.240 --> 09:50.240 countries look at what asia is a continent all the different countries there look at 09:50.240 --> 09:55.580 so many countries have done the game has changed that's why trump was elected in the first place 09:55.580 --> 10:01.440 because people realized hey we're not running the show in its entirety anymore and I think clinging 10:01.440 --> 10:05.820 on to American exceptionalism and saying oh you know how could anybody be better than us 10:05.820 --> 10:11.800 we'll be your downfall I think a sane understanding that I've gotten my traveling to over a hundred 10:11.800 --> 10:15.980 countries and living in a number of them and and spending my entire life now outside the 10:15.980 --> 10:20.420 United States I realize what's actually going on you know in the global economy more than I 10:20.420 --> 10:25.880 would if I had stayed sitting in the United States I see the actual situation and the US doesn't 10:25.880 --> 10:30.240 yeah powerful country no doubt not as powerful as it used to be and that will eventually trickle 10:30.240 --> 10:35.400 down to hurt you and if you don't have another citizenship and if you don't have options uh it 10:35.400 --> 10:41.260 you know may not be your entire undoing but it will hurt you in some way and so you know 10:41.260 --> 10:44.140 there are even people saying well that's great if you're you know if you're just if you're 10:44.140 --> 10:48.820 not on board everything right wing then that's great you just pack your bags of leaf well I did 10:48.820 --> 10:53.520 already thank you and I handed back my passport to in the ultimate act of blasphemy uh if you're 10:53.520 --> 10:58.400 watching this far and you're watching nomad capitalists right we go where you're treated best 10:58.400 --> 11:04.580 that's the five magic words here if your knee jerk reaction not not not just think about 11:04.580 --> 11:07.020 it for a minute but just if the knee jerk reaction is oh this guy's anti right 11:07.020 --> 11:10.940 well he's a jerk then you're probably not ready for what we're talking about 11:10.940 --> 11:15.580 because the piece that I've gotten of all my years being out of the US is I don't have 11:15.580 --> 11:19.780 the knee jerk reactions anymore I don't if someone wants to pick on the United States about something 11:19.780 --> 11:25.000 I don't get insulted like that's my identity and so you know one of the things that we created 11:25.000 --> 11:29.220 to help people kind of get into the flow was our annual event nomad capitalist live where 11:29.220 --> 11:32.620 you come and you hang out with about 800 people we've got speakers from all around the world 11:33.040 --> 11:38.260 you know this past year it was Tony Fernandez CEO of air asia paid 26 cents to buy air asia 11:38.260 --> 11:42.540 from the Malaysian government turned into a big big big company one of the wealthiest guys in Malaysia 11:42.540 --> 11:47.960 amazingly down to earth guy we had drinks with him in the VIP room afterwards but he told his story 11:47.960 --> 11:55.440 to the audience of how the Malaysian dream is possible and I'd love for you to be exposed 11:56.100 --> 11:59.680 to entrepreneurs from around the world not just on stage but in the audience 11:59.680 --> 12:05.260 the reason we have the event again this year in Kuala Lumpur where I've lived part time 12:05.260 --> 12:11.600 for the last decade is I want you to see that outside of the right-wing bastion of your country 12:12.080 --> 12:17.520 you can still be free you can still be treated well you can pay a lot less in taxes 12:18.440 --> 12:22.960 you can have a lot of the good stuff I think in many of the good ways Malaysia is the United 12:22.960 --> 12:27.380 States of Asia but not so much in the bad ways I would evaluate that what's the knee 12:27.380 --> 12:30.320 jerk reaction all this guy's saying we shouldn't say the Pledge of Allegiance 12:30.320 --> 12:35.840 if your goal is to stay in Hattiesburg Mississippi then you know you don't need this 12:35.840 --> 12:39.760 but if your goal is to make sure that you and your children your grandchildren have options the U.S.