Welcome to the Real Estate Strategies podcast.

This is a show where we get into all things real estate

with some of the industry's top leaders, innovators, and movers and shakers.

This is a place where we'll get into the trends, the how-toes, and the nuts and bolts of real estate investing.

I'm your host, Ken McElroy.

If you want to get my weekly newsletter where we keep the conversation going on the

topics that we cover here, please go to www. Kenmacoroy.com slash news. Let's dive into this episode.

So hey, everybody. I got Andrew Henderson here. He's got nomad capitalists and he has successfully

reduced his tax rate legally from 43% down to 1% by buying properties in other countries. He has

lots of websites, the five most valuable passports for visa free travel travel, the 12-second residence permits that you can

get with this, a single bank deposit and fastest country to get citizenship.

So all kinds of stuff around moving out of the country or moving your wealth into another

country, having citizenship somewhere else.

Andrew, welcome. Welcome to Ken McHoree Show.

Great to be back with you. So let's talk about the wealth tax. Obviously, it's a huge topic in

America, especially now with the debt and the pandemic on our shoulders. Let's chat about how the

different countries treat wealth differently and how they tax wealth.

Can you walk through to the listeners what wealth tax is and how it's different from an income tax?

Well, I think we've written the 2,000 articles over the last eight years.

I've made well over a thousand videos for a book.

And in all that time, I think I've never seen so much of a hyped tax as I see right now with the wealth tax. Now,

in the US, I see the UK has been pushing it big time. I see talking Canada, Australia, even

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