Millionaires Leave Canada Before It's Too Late

Summary

The video criticizes Canada's current economic and social situation, claiming it has the worst economy among developed countries and high taxes driving wealthy individuals to leave. It discusses issues like rising immigration, low native fertility rates, increased crime, and deteriorating social attitudes. The speaker suggests that wealthy Canadians should consider leaving the country for better opportunities and tax benefits elsewhere, such as Barbados or Mexico. The overall message is that Canada is no longer a desirable place to live, especially for the wealthy, due to its economic policies and social issues.

Takeaways

• 🌍 Canada is described as having the worst economy among OECD countries from 2020 to 2030.
• 🏠 Native Canadian fertility rates are low at 1.33 births per woman, and the population growth is primarily due to immigration, with 500,000 new immigrants annually.
• 📉 High taxes in Canada, including capital gains tax, carbon tax, and real estate taxes, are cited as a burden on residents.
• 🚶‍♂️ There is a concern about the integration of immigrants, with instances of cultural clashes and public health issues, such as defecation on beaches.
• 📉 The Canadian regime is criticized for being influenced by the World Economic Forum, leading to policies that negatively impact the country's position globally.
• 🔍 Immigration from Canada to the U.S. has reached a 10-year high, with skilled professionals like doctors, lawyers, and engineers seeking better opportunities.
• 💼 There are options for wealthy Canadians to move abroad, such as setting up in Barbados, which has a tax treaty with Canada and allows for becoming a tax non-resident.
• 📚 The suggestion to obtain a second citizenship or residency in another country is made, with Mexico and Spain being popular choices among Canadians.
• 🏦 There are concerns about the Canadian government's potential to freeze bank accounts or deny services to those critical of the government on social media.
• 🚗 Crime rates, particularly carjackings, are mentioned as being higher than ever, contributing to a perception of an unsafe environment.
• 💔 The script reflects a perceived degradation of Canadian society, with increasing resentment and division among its people.

Q & A

Why is Canada described as having the worst economy among OECD countries from 2020 to 2030?

The script implies that Canada's economy is struggling due to high taxes, a low native fertility rate, and an influx of immigrants, which are contributing to a perceived decline in the quality of life and economic opportunities.

What is the native fertility rate in Canada, and why is it a concern?

The native fertility rate in Canada is 1.33 births per woman, which is below the replacement level. It is a concern because it indicates that the native population is not growing naturally, and the population growth is primarily due to immigration.

How many new immigrants does Canada plan to accept annually, and what is the projected population growth?

Canada plans to accept 500,000 new immigrants every year, with the goal of increasing the population from the current 40 million to 100 million by 2100.

What are some of the challenges faced by Canada's immigration policy according to the script?

The script mentions challenges such as cultural integration, as evidenced by campaigns to discourage public defecation, and the potential strain on resources and infrastructure due to rapid population growth.

Why are some wealthy Canadians considering moving to other countries?

Wealthy Canadians are considering moving abroad due to high taxes, perceived social and political instability, and a desire for a better quality of life in countries with lower taxes and a more favorable business environment.

What is the current regime in Canada described as, and why is it seen as problematic?

The current regime is described as a 'World Economic Forum regime,' which is seen as problematic because it is perceived to be pushing policies that are detrimental to Canada's economic and social well-being.

What is the situation with immigration from Canada to the United States, and why is it happening?

Immigration from Canada to the United States has hit a 10-year high, with tens of thousands of people, including professionals like doctors, lawyers, and engineers, moving south for better job opportunities and potentially lower taxes.

How does the script suggest wealthy Canadians can protect their assets and reduce their tax burden?

The script suggests that wealthy Canadians can protect their assets and reduce their tax burden by moving to countries with more favorable tax regimes, such as Barbados, and by obtaining second citizenships or residency in other countries.

What are some of the social and political issues mentioned in the script that are affecting Canada?

The script mentions issues such as high crime rates, including carjackings, a perceived degradation of Canadian niceness and societal attitudes, and an authoritarian government that may impose restrictions on citizens based on their political views.

What is the tax situation for wealthy Canadians, and why is it a concern?

Wealthy Canadians face high tax rates, with some individuals paying up to 59.2% on business income and additional sales taxes. This is a concern because it may discourage wealth creation and incentivize individuals to move to countries with lower tax burdens.

What are some of the countries mentioned in the script as potential destinations for Canadians looking to move abroad?

The script mentions Barbados, Mexico, and Spain as potential destinations for Canadians looking to move abroad, highlighting factors such as tax benefits, quality of life, and cultural attractions.