Search results

Do you have any general advice for a US citizen contemplating buying property in Argentina?

Thanks for the information. Living in Argentina is as bad financially as living in China apparently.

I travel between Japan, Taiwan and the U.S. and there's no limit on the amount of cash you can carry, so long as you declare any amount over $10,000 US or 1 million yen to customs. Does Argentina limit the amount of USD you can bring in and out of the country?

No. White guy. Native of PNW but sent to Taiwan as an expat in '98 and stayed. I visited ARG in 1996 with the idea of epatting there but ended up in Asia when my company sent me there. Seemed like a good idea at the time. Worked out well for me professionally but wasn't the right long-term solution.

That's my vision as well, which I was pursuing in rural Japan until I found out the hard way that Japanese bureaucracy will never allow me to realize my dream there. That's why I'm selling my house in Japan and looking for a place in Latin America to start over...

The Chinese aren't commies. I speak Mandarin Chinese and have been doing business solo in China for over twenty years. Chinese officials are oligarchs who use the historical trappings of communism to justify their self-enriching, capitalist rule.

Such a shame. Argentina could be such a nice place to live and work but for the commies infesting the place.

To an outsider observing the increasing difficulties of gaining access to overseas funds or renting an apartment in BA it appears life there for an expat is just too hard to be practical. Is that a realistic perception?

If you're an expat U.S. citizen you don't pay U.S. taxes on up to $112,000 earned as an employee. If you're self-employed ithough you're liable for a 15.3% SECA tax (Social Security & Medicare) on your foreign earned income. If you have unearned income (rental income, interest income etc.) you...

First piece of advice, don't ask a random Argentinian how much money a "rich American" should give another Argentinian for anything because the answer is always "how much do you have?" Second piece of advice: stop reproducing because you're in way over your head.

One thing you can be sure of with pick pocket politics. The politicians who run the scam are always going to get theirs first.

What happens when you run out of other people's money.

The current inflation tax we're paying now to pay back all that "free" Covid stimulus money should disabuse anyone of the belief that printing machines pay for anything.

So who's going to pay for this windfall now that FICA and SECA (aka "Social Security taxes") are no longer taking in enough to pay for all the outgoing payments to Social Security recipients? This year alone the shortfall is 112 billion dollars, which has to be paid from general tax revenue and...

I've been an expat in Asia too long and my sense of entitlement has atrophied because there's so little of it here. To be "fair" though that may be why Taiwan with almost no natural resources is an economic powerhouse while Argentina with far greater natural resources is a perennial economic...

fair share: noun definition: forcing somebody to pay more into Social Security than they'll ever get back so I can get more from Social Security than I paid in.

After careful consideration I've come to the conclusion that your only course of action to avoid being wrung out completely and left to dry is to petition the court to appoint a legal guardian to handle your legal and financial affairs. Either that or you've pulled off a classic troll job and...

The bad news is that . . .

My only problem with Nannynomics is it doesn't work because there's no such thing as a free lunch. When the U.S. government started depositing all that free money in my U.S. bank account in 2020 and '21 I didn't spend it. Instead I saved it all to pay back the inevitable inflation tax later when...

Free money is a foreign concept here in Taiwan. The belief is that 'free money' always has to be paid back with a inflation tax and the only way to truly be wealthy is to create real wealth in the form of goods and services. That's how an island of 23 million with no natural resources is an...