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Showing posts with label perpetual traveler. Show all posts
Showing posts with label perpetual traveler. Show all posts

Thursday, March 10, 2016

What is a Sovereign Individual?

Are People Really are Sovereign and Divine?

Here on the frontiers of cyberspace, we talk about being sovereign individuals, yet this remains an uncertain term. What exactly is a sovereign individual, and how does a sovereign individual differ from a normal person? I would like to explore this question, and hopefully to clarify it a bit.


Sovereignty

We will begin by examining the words themselves. My dictionary defines the adjective sovereign (and we are using the word as an adjective here) as self-governing, independent. So, a sovereign individual is a self-governing individual.

That is a fine definition of the term, but we can get some additional understanding by looking at its origins.

The modern concept of sovereignty and of nation-states began after the Thirty Years War, and with the Peace of Westphalia that ended that war in 1648. The Thirty Years War was primarily a war of churches and religions. The Peace of Westphalia ended it by renouncing the validity of Church interference in the business of nations. (The treaty also did the usual things, such as flattering rulers and dividing the ownership of territories and peoples.) It is from that agreement that we get the modern concept of sovereign nations-territorial rulerships that are not subject to the Church. They stand alone--sovereign.

So then, since 1648 we've had the concept of nations that are not subservient to the authority of the church. Now, when we speak of sovereign individuals, we are taking this idea one step further, and are speaking of individual humans who are not subservient to the authority of nations.

But We're All Subservient! Aren't We?

Good question. Yes, in many ways, most of us are subservient. Almost every person on this planet is claimed as property by some government, and these governments do not willingly give up their property. They want your money and your obedience, and they will not take "no" for an answer. If you cross them too overtly, they will throw you in prison and/or confiscate your property. Sounds a lot like subservience to me.

Nonetheless, there is a big difference between people who are willing subjects and those who are running like hell to stay ahead of a pack of thieves. It is the difference between willing slaves and battered freemen. The slaves may complain about their lot in life, but they do not go about to change it. The freemen, harassed and chased though they may be, will not let go of the idea that they are free. They may be looted from time to time, but they will never accept looting as normal, valid, or acceptable.

At this point in time, sovereign individuals are the battered and running freemen. We are physical beings, and must live and sleep on some piece of ground somewhere. And wherever that place is, there are governments that claim to own our lives and property. That sucks, but it is the reality of the situation. So, we freemen seek to remove ourselves from the grip of the slave holders, and will stubbornly maintain that we are free, we are sovereign, and that we are no one's property. The rulers will get no sanction from us. They are oppressors, no matter how many people comply with them.

If they will not let us opt out of their game, they are oppressors.

Stages Of Development

As I see it, individual sovereignty is something that each of us will have to develop in stages, which I envision as follows:

A) Mental sovereignty. This is when you see yourself as a free agent on planet earth. When you conclude that involuntary servitude is immoral; and when you resolve to remove yourself from it. You recognize that rulers exist, but you do not think that they have a right to use coercion.

B) Financial sovereignty. Financial sovereignty is removing your assets from the grasp of the rulers. There are many ways of doing this, some better than others.One of the problems people encounter when seeking financial sovereignty is that rulers like to spy on every transaction that occurs in their territory. This allows them to identify what they consider their money, and to know where it is, so that it can be readily seized. To avoid this, people have long done business 'off the books'. Now, you can also do business in cyberspace. If your correspondence and money transfers remain encrypted, the rulers can't tell what you are doing or where your money is.

For the moment, real estate and large items (such as cars) are all numbered, tagged, and taxed. Either pay or have your property seized. I know of no good way around this yet, save for finding places where the extortion is less painful.

C) Physical sovereignty. It will probably be a while before physical sovereignty is widespread. The rulers have too many policemen and agents patrolling their territories. If you live there, you must either pay, or have your property and freedom forcibly removed.Yet, there are ways to avoid most of this problem. Chief among them is the PT (Perpetual Traveler) method: First you obtain citizenship in a country that does not tax income earned outside of their borders. You will rarely spend any time in this country. Second, you keep your money in another country; one with reasonably good banking laws and stable banks. Thirdly, you live and/or earn income in still another country or countries. As a result, wherever you go in the world (save the country of your citizenship, where you have no business and no assets), you are technically a tourist; just spending some time while passing through.

Does this work? Sure it does, lots of people do this, or some modified version of it. Will it require you to structure your life a bit differently? Probably; but it's probably worth it.

Synthesis: If you can combine mental sovereignty with the tools for financial sovereignty that exist here on the edges of cyberspace, and arrange your physical life as a permanent traveler, then you can reasonably well approximate full sovereignty. You will still have to beware of oppressors as you cross some borders, and you will have to keep a low profile; but this is doable, and some of us are doing it already.

Complete Sovereignty

Complete and practical sovereignty will not exist until border guards, police road blocks, tax investigators, and passports are either gone, or are of no power. Will that ever happen? Sure. The question is probably "when", more than "if".

Don't think that this is unrealistic in the long term. The more people become sovereign (especially financially sovereign), the less money the oppressors will have to police us all. Remember that everything they do is paid for with money they take from us. When the stream of money slows down, they won't be able to afford so many prying agents. It's all a question of numbers. The more productive people join us, the less they can do. After a while, they'll be left with more people on the dole than people to pay their bills. (Policemen don't work for free.) Then they'll get very nasty, and then they'll shut down.

Will this be messy? Yes, it will. We are still freemen running ahead of a pack of thieves. Yet true individual sovereignty is fairly close at hand. Get as much of it as you can. -Scamdog, helping people to go to freedom’s frontier safely. Also republished at: Ozarkia

Wednesday, October 28, 2015

Are UHNW individuals Global Citizens?

Global Citizenship and the Ultra Wealthy - October 27, 2015 by WealthX

For UHNW individuals seeking citizenship or visa status in a foreign country, buying a home is often the best route.


Global citizenship was originally relative to personal wealth.

“Global citizenship” is becoming an increasingly popular tool for the world’s ultra wealthy. There are many different reasons why a UHNW individual might seek a second citizenship including, but not limited to: greater stability and security, tax efficiency, ease of travel, higher standard of living, increased options for children’s education, and investment opportunities that may not otherwise be available.

Location still remains an important factor for UHNW individuals, but on a country level rather than a street level. For many ultra wealthy people purchasing homes abroad, the passport is becoming as important as the neighborhood, according to Wealth-X and Sotheby’s UNHW Luxury Real Estate Report: Homes As Opportunity Gateways.

For UHNW individuals seeking citizenship or visa status in a foreign country, buying a home is often the best route. An increasing number of nations offer citizenship by investment programs, by which individuals can gain residency to a country following a significant investment.

The centerpiece of many of these programs is property investment. Financial requirements range widely – from a US$200,000 minimum real estate investment in Dominica to a US$700,000 minimum real estate investment in Spain and Cyprus. In return, investors gain residency or citizenship status after a multi-year waiting period.

Such programs are divided into Immigrant Investor Programs (IIPs), and Citizenship by Investment Programs (CIPs); IIPs require a residence permit as a condition for receiving citizenship, while CIPs do not. Interest in such programs comes from individuals in a wide range of nations, but much of it arises from the Middle East, as shown below:

Most Significant Countries of Origin for UNHW Individuals Who Have a Second Citizenship
Slightly less than 60% of all UHNW second citizenship applicants come from countries in the Middle East. One possible explanation for this is that the Middle East has a high proportion of its UHNW wealth belonging to billionaires (40%), more than any other region in the world. Billionaires are five times more likely to apply for a second citizenship, as they have more to gain from obtaining one and the costs of obtaining it are also lower, as a proportion of their wealth. As Middle Eastern wealth is skewed towards the top tiers and the attractiveness of a second citizenship increases with wealth, it would help explain why the region is over represented.

When examining this situation on a country level, it becomes clear that the UHNW individuals wishing to move or change their citizenship most commonly come from those countries that do not have high stability of asset security. Lebanon, Syria and Egypt,for example, have all experienced unrest in the last few years so it is logical for those who have the means to wish to move somewhere with greater stability.

The exception to this is the United States, which is the fifth most significant country in terms of the number of UHNW individuals applying for other citizenships. There are three factors that would help explain this apparent anomaly:
The United States has by far the largest UHNW population, so the share of American UHNW individuals wishing to move abroad is still small. For example, UHNW individuals from Syria are 300 times more likely to apply for a second citizenship than those from the US.
 There is greater transparency in the US, with a monthly list made public of those who have given up their citizenship. This makes it impossible for Americans to renounce their US citizenship “under the radar.”
The global taxation system can make it very expensive for UHNW individuals to maintain their US citizenship, especially if they are living in a lower taxed jurisdiction such as Switzerland, Dubai or Singapore. The annual savings in capital gains tax alone for an average UHNW individual could reach almost US$1 million (assuming an average UHNW individual receives 5% of his/her net worth in income a year, and 90% of this is subject to a capital gains tax rate of 15%).

Russia is also an interesting country to find near the top of this list. Much like the Middle East, billionaires in Russia have a disproportionate share of the country’s UHNW wealth, controlling 55% of the total. There are high profile examples of billionaires moving abroad, with London as a preferred destination.

As of 2015, over 20 nations offered citizenship by investment programs and as the graphic below shows, most nations offering citizenship by investment programs are located in Europe and the Caribbean.

Most Significant Regions of Citizenship Application
In addition, a number of nations offer programs where residency or citizenship can be gained via investment in local business interests. Especially in nations where these programs are paired with attractive tax regimes, buying a home can be part of an attractive wealth preservation plan.

This article does not reflect the ideals or views of Globcal International, the information here is provided as necessary encyclopedic material about factual accounting that brings empowers individual knowledge and insight for our membership and audience.