Whether you have wealth now or anticipate growing your wealth in the future, the developing trend of “share and share alike” in government circles is likely giving you more than just food for thought. In fact, it’s quite possible that the thought fills you with anger, resentment and a burning desire to get out of this impending situation. After all, it’s your wealth, isn’t it? No one helped you develop it, no one held your hand and cherry picked the various investments you made. Therefore, why should the sticky fingers of big government be able to reach into your wallet, pluck out your hard-earned money and give it to someone who never did a thing to better themselves?
While this might sound like a far-fetched story, the evolution of government is moving increasingly towards the “shared” horror that looms on the horizon. While the top 1% of US earners has traditionally shouldered 30% of US taxes, things are bound to get worse. In fact, if current speculation comes to fruition, you could expect to pay up to 50% of your income out to the bloated, self-serving government.
What should you do to keep your wealth for yourself and your family? How can you avoid government interference? Should you just stop paying your taxes? Actually, there are ways around the problem that do not involve breaking the law. Winding up in prison for tax evasion is not a scenario that lends itself to relaxation or enjoyment. However, there are ways that you can increase your wealth, keep the government’s hands out of your bank account and do it all legally.
Asset havens, using the Internet as your electronic haven, finding the right business base for your needs, finding a residence haven and developing dual citizenship can all offer tremendous benefits for your needs. For instance, if you hold a passport to a nation that does not charge taxes on income earned abroad, you can build your wealth easily, without even living in that country. Having a home in a residence haven, such as Bermuda, Panama or one of numerous South American countries, you can save on taxes, as well.
There are considerable ways that you can simplify your life, enjoy the life you want and avoid the hassle of big government, ever greedy to get their fingers on what you have. Building wealth does not have to mean financing government spending when you have the right information.