{"id":6937,"date":"2026-06-26T15:24:44","date_gmt":"2026-06-26T22:24:44","guid":{"rendered":"https:\/\/coldstreams.com\/travel\/?p=6937"},"modified":"2026-06-26T15:48:41","modified_gmt":"2026-06-26T22:48:41","slug":"the-privilege-of-living-in-a-wealth-county","status":"publish","type":"post","link":"https:\/\/coldstreams.com\/travel\/2026\/06\/26\/the-privilege-of-living-in-a-wealth-county\/","title":{"rendered":"The privilege of living in a wealthy country"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">It is truly privileged that living in a wealthy Democracy, if you don&#8217;t like the election outcome you can just move to another country: <a href=\"https:\/\/markets.businessinsider.com\/news\/stocks\/new-myexpattaxes-data-confirms-trend-of-more-americans-moving-abroad-amid-trump-wave-relocations-1036273020\">New MyExpatTaxes Data Confirms Trend of More Americans Moving Abroad Amid \u2018Trump Wave\u2019 Relocations | Markets Insider<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">And then complain about how awful the country that gave your wealth privilege must be. Make it make sense.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company, which claims an 80% increase YoY &#8211; has only been around for 8 years and being small and young, is going to be in its high percentage growth phase. The 80% cannot be extrapolated to the general population.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">About 1.6% of Americas (excluding military) are estimated to live abroad and about 1% are estimated to have retired abroad. Both are close to zero percent.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Of those who moved abroad, the majority had prior dual citizenship, a right of descent ancestral privilege or married a foreign citizen (this is the path of US women) to gain residency. Of those who retired abroad, half generally had prior dual citizenship, right of descent ancestry, family living in the destination country, or were Americans who had worked in the foreign country for years, had residency and owned their home there so decided to stay.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The TL;DR summary is that close to zero percent of Americans move abroad. That&#8217;s the facts.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Of the founders:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Joachim Niederreiter (Co-Founder), Austrian <a href=\"https:\/\/www.linkedin.com\/in\/joachimniederreiter\/\">Joachim Niederreiter | LinkedIn<\/a><\/li>\n\n\n\n<li>Markus Finster (COO and Co-Founder),\u00a0 Austrian <a href=\"https:\/\/blogs.cisco.com\/author\/markusfinster\">Markus Finster<\/a><\/li>\n\n\n\n<li>Nathalie Goldstein (CEO and Co-Founder), Educated in the US and Austria, worked for Cisco &#8211; <a href=\"https:\/\/www.linkedin.com\/in\/nathaliegoldstein\/\">Nathalie Goldstein | LinkedIn<\/a>. <a href=\"https:\/\/www.linkedin.com\/posts\/nathaliegoldstein_its-no-wonder-that-amid-the-political-and-activity-7435538409286320128-xF9l\/\">She has dual citizenship<\/a>.<\/li>\n\n\n\n<li>DeGuang &#8216;Degi&#8217; Sea (CTO and Co-Founder), From Germany or Austria: <a href=\"https:\/\/www.linkedin.com\/in\/deguang-sea-7b6438146\/\">DeGuang Sea | LinkedIn<\/a>, worked for Cisco<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Appears to be a group of people with citizenship in other countries who have solved a real problem &#8211; the difficulties of figuring out taxes as the US is one of only 2 countries to tax your global income, regardless of where you live &#8211; but also has an incentive to encourage more people to leave the U.S. (for those with the privilege to do so). Thus, it is in their interests to promote the US is awful\/everyone is leaving meme! <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The business itself is a good idea and looks to be well implemented. Just not a fan of the constant doomerism about the U.S.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.myexpattaxes.com\/downloads\/media\/MET_PressRelease_September2025_SynactiAcquiresMyExpatTaxesExpatTaxSoftware.pdf\">The company is now owned by Synacti<\/a>, a British company.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It is truly privileged that living in a wealthy Democracy, if you don&#8217;t like the election outcome you can just move to another country,<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25,14,23,27],"tags":[],"class_list":["post-6937","post","type-post","status-publish","format-standard","hentry","category-globally-experienced","category-government-regulatory","category-immigration","category-taxes"],"_links":{"self":[{"href":"https:\/\/coldstreams.com\/travel\/wp-json\/wp\/v2\/posts\/6937","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coldstreams.com\/travel\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coldstreams.com\/travel\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coldstreams.com\/travel\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/coldstreams.com\/travel\/wp-json\/wp\/v2\/comments?post=6937"}],"version-history":[{"count":2,"href":"https:\/\/coldstreams.com\/travel\/wp-json\/wp\/v2\/posts\/6937\/revisions"}],"predecessor-version":[{"id":6944,"href":"https:\/\/coldstreams.com\/travel\/wp-json\/wp\/v2\/posts\/6937\/revisions\/6944"}],"wp:attachment":[{"href":"https:\/\/coldstreams.com\/travel\/wp-json\/wp\/v2\/media?parent=6937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coldstreams.com\/travel\/wp-json\/wp\/v2\/categories?post=6937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coldstreams.com\/travel\/wp-json\/wp\/v2\/tags?post=6937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}