[ Offshore Tax ] Is Dubai better than the USA?

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In the book, The Myth of Millionaire Tax Flight, the author examines a trove of data on millionaires and billionaires—personal tax returns, Forbes lists, and census records—and distills down surprising insights. While economic elites have the resources and capacity to flee high-tax places, their actual migration is surprisingly limited. For the rich, ongoing economic potential is tied to the place where they become successful—often where they are the powerful insiders—and that success ultimately diminishes both the incentive and desire to migrate.
This important book debunks a powerful idea that has driven fiscal policy for years. And in doing so, clears the way for a new era. Millionaire taxes, Young argues, could give states the funds to pay for infrastructure, education, and other social programs to attract a group of people who are much more mobile—the younger generation.

TIMESTAMPS:
0:00 INTRO
0:50 USA vs Dubai
2:00 Influencers' point of view of USA vs Dubai
3:44 Dubai's Low Taxes are one of the advantages
5:00 Consulting firm for investment migration space
7:30 Myth millionaire tax life
9:02 moving from low tax to high tax jurisdictions
11:26 OUTRO


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