"Rush" To Exit The United States?
March 18, 2010 by Mark Skousen
“I’ll just tell you this, if this [Obamacare] passes and it’s five years from now and all that stuff gets implemented, I am leaving the country. I’ll go to Costa Rica.” —Rush Limbaugh
Dear supporters of Personal Liberty,
Rush is right. Our personal and financial freedoms are threatened now more than ever, and smart people are seriously looking for the best loopholes to escape ObamaNation, including the possibility of leaving the country.
Intrade, the political futures market, now shows that Obama’s Deathcare legislation, with all its huge tax increases and regulations, has a 59 percent chance of passing. That’s scary.
We now enter “Phase II” of the Obama regime, and it will be more dangerous than Phase I (the first year). Obama and his radical Democrats are becoming more radical in Phase II. We survived the first year of the Obama administration without much damage, but now the White House has decided to turn up the heat and go all out to push through Obamacare, his unpopular trillion dollar program of socialized medicine.
This radical measure, on top of sharply higher taxes, closing of legitimate deductions and loopholes, draconian regulations on Wall Street, consumer “protection,” increased union power and multiple attacks on business can spell only one thing: more deficits, slower growth and quagmire on Wall Street.
How to profit? Besides buying gold and silver, you might consider getting some of your money outside the country, or even considering leaving the country. Rush might be on to something.
One of our most popular sessions at FreedomFest last year was on the personal and financial benefits of leaving the country and living abroad. Led by such tax and estate planning experts as Vernon Jacobs and Marshall Langer, the room was packed with people who wanted to know more about the financial and personal benefits of moving abroad (without giving up your citizenship).
After all, more than 3 million Americans have already moved abroad and are saving millions in taxes, and enjoying personal liberty. They’ve moved to Canada, Mexico, Central and South America, the Caribean, Europe and Asia.
Langer, the world’s foremost tax attorney, asked the audience “How many of you want to know about moving to a low tax state such as Florida?” A few hands went up. Then he asked, “How many of you are interested in moving to a foreign tax haven?” Almost every hand went up!
Moving to a foreign tax haven doesn’t mean giving up your U.S. citizenship, although some have taken that drastic step. I personally lived in the Bahamas, a tax haven, for two years without giving up my citizenship and saved a ton of money in taxes. It was life in living color! (For those who want to read my story, Easy Living: My Two Years in the Bahamas, go to www.markskousen.com.)
Good news; we’re going to repeat those special sessions at this year’s FreedomFest. The session, “The Tax and Financial Advantages of Moving Abroad,” will be led by experts Vernon Jacobs, CPA, and Robert Bauman, president of the Sovereign Society (and former US congressman) and a contributor to Personal Liberty Digest.
By attending this year’s World Economic Summit at FreedomFest you can learn specific ways to protect your business and your investments from the unprecedented onslaught of our freedoms. More details can be found at www.freedomfest.com.
Speakers this year will include Steve Forbes (president and chief executive officer of Forbes, editor in chief of Forbes magazine and a former presidential candidate), John Mackey (CEO of Whole Foods Market) and Greg Mortenson (author of the famous book, Three Cups of Tea, and the most admired American in the Middle East).
An incredible number of top financial gurus will also be speaking at this year’s FreedomFest. Back by popular demand is Donald Smith, the New York money manager who has the best track record—an average annualized return of 12 percent a year since 1980—better even than Warren Buffett! His fund was up 65 percent last year.
He is so impressed with FreedomFest that he is bringing 20 of his friends/colleagues with him this year. Now that’s what I call catching the spirit of FreedomFest.
Yours for peace, prosperity, and liberty, AEIOU,