heracleitos wrote: ↑June 6th, 2022, 9:58 pmAmerican financial system and the security system maybe meddling too much with the lives of its own citizens. But from what we hear about China and Russia (what we hear may not very well be the truth because all the media are biased today, either towards the American team, or towards the Russian team; Cold war is still going on) these countries have too much restrictions on the lives of their citizens. In Russia you can be easily arrested for what you speak, and in China you are not free to live in a place you like, other than from where you lived since your birth. So the people in the cities have all the benefits while the ones in the rural areas having none. Seemingly the bigger countries are not the better countries at all.GE Morton wrote: ↑June 6th, 2022, 1:45 pm Well, there was a period when the country could plausibly be described as "great" --- the period between the end of the Civil War and ~1930. During that period the USA became the wealthiest country in the world, and the first in history in which a majority of its citizens were not poor.The seeds of destruction were already sown in 1913 with the simultaneous introduction of the Federal Reserve and income tax.
The final nail in the coffin was the introduction of mandatory social security contributions by Roosevelt in the nineteen thirties.
It led to all kinds of yearly reporting obligations with a view on massive income confiscation.
It made the USA a less attractive place to live in than the 80% of the globe that does not enforce mass income confiscation policies.
Especially when your income is location independent, e.g. as a digital nomad or nomad capitalist, I do not see why anyone would voluntarily want to become the victim of all these income confiscations.
The USA is also one of these countries where you could easily get trapped into a situation in which the government compels you to keep making payments to an ex-romantic connection while getting nothing in return for your money. They could even go for half or more of your assets in that context. Again, you do not run that risk in 80% of the world.
In other words, the USA is not a good place for your finances, and also not a good place for your private life. Even places like Russia and China are less obnoxious in that respect.
– William James