France New Plan to Tax Everything You Own

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Marine Le Pen wants to replace France’s property-based wealth tax with a financial one, so your investments enter the base whether you sell them or not. Five million euros of investments would cost about 36,000 a year. The point is not France. It is that the parties business owners assumed were on their side are now proposing wealth taxes, in France, in the United States, in the UK. So decide your red line now, get a residence permit, and get a second passport, because you will not have time once it passes.

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Timestamps

00:00 The right wing was supposed to be on your side
01:27 Buried at the bottom: Le Pen wants to expand the wealth tax
02:56 Broadening the base, and the alternative minimum tax
04:00 The thresholds, and why a proposal matters
05:29 Who is left on your side
06:53 Why I gave up my US citizenship
08:32 Step one is a residence permit, not renouncing
09:56 A cheap plan B under $100,000
11:03 Farage, and the people already leaving the UK
12:26 Write down your red line
13:43 A wealth tax can follow your citizenship

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