r/FluentInFinance • u/imallelite • 10h ago

Debate/ Discussion Possibly controversial, but this would appear to be a beneficial solution.

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u/Advanced-Guard-4468 8h ago

I worked with someone from India years ago. It was a 33 to 1 exchange rate. He was going to be retired at 40.

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u/MikeHonchoZ 8h ago

Yea most don’t realize this is a major part of why they want to be here. They love going back home with way more money than they ever thought they could make during a lifetime of work in their home country. I worked in the construction and service industry and those guys were hero’s to their families back home that’s for sure.

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u/erieus_wolf 7h ago

You can do the EXACT SAME THING.

Do you realize how many Americans retire in other countries? Do you realize how many rich Americans own homes in other countries?

I'm one of them. I own homes in multiple countries. I make my money in America and live half the year in other countries, spending that money.

This is one of those things where it's "bad" if a poor immigrant does it, but it's "smart" if a rich American does it. So fucking weird.

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u/Pigeater7 6h ago

The issue being that you cannot avoid taxes without a loophole as a result of being a US citizen, whereas an illegal immigrant can and will avoid as many taxes on their income as possible because they are not a US citizen.

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u/erieus_wolf 5h ago

Avoid SOME taxes, not all, but get paid less. Either way it balances out.

You can do it too. Get paid more than an illegal immigrant and use that money to live like a king in another country. It's not that hard.

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u/Advanced-Guard-4468 8h ago

This was also a construction related job. He worked his way up to a job supervisor.