Video Briefing

Nomad Capitalist: The Only Places Where Privacy Still Exists

Jun 12, 2024Video Briefing17:13Watch on YouTube

Privacy is increasingly under pressure from governments and corporations, with new legislation, surveillance technologies, and data‑sharing practices eroding the ability of individuals to keep their personal information out of public view. Below is a summary of the most pressing developments and practical steps for preserving privacy.

Legislative threats in the United States

  • TikTok ban bill – The proposed legislation, originally aimed at banning the Chinese‑owned app, contains broad language that could be interpreted to prohibit the use of virtual private networks (VPNs).
  • Potential VPN restrictions – If the bill passes, authorities might claim a ban on VPNs, effectively removing a key tool for encrypting online traffic.
  • Hidden provisions – Large U.S. bills often embed unrelated measures (e.g., tax provisions, banking reporting requirements) that could later be used to justify additional surveillance or restrictions.

Emerging surveillance capabilities

  • High‑resolution Earth‑observation satellite – Startup Albo is developing a low‑Earth‑orbit satellite capable of zooming in on individuals and license plates from space. The system is slated for launch in 2025 and has already secured multi‑million‑dollar contracts with the U.S. Air Force and the National Air and Space Intelligence Center.
  • Lack of facial‑recognition safeguards – While the company claims the satellite will not use facial‑recognition software, no commitment is made to avoid imaging people or protecting privacy.
  • Commercial and governmental use – The plan includes a fleet of up to 24 spacecraft that could be accessed by any government, creating a “big‑brother” surveillance capability.

Public attitudes toward surveillance

  • A 2023 survey by the KO Institute found that 29 % of 18‑ to 29‑year‑olds support government‑installed surveillance cameras inside homes, compared with only 5 % of those 65 and older.
  • Acceptance of domestic surveillance appears to be rising among younger generations, indicating a cultural shift that could normalize intrusive monitoring.

Citizenship‑by‑investment as a privacy strategy

  • Small states that offer citizenship‑by‑investment (CBI) programs—e.g., St. Kitts & Nevis, St. Lucia—often have limited fiscal capacity and therefore lack the political will or means to conduct mass surveillance.
  • These programs typically require no residence requirement and may offer zero‑income‑tax policies, making them attractive for individuals seeking fiscal and data privacy.
  • Revenue from CBI is frequently directed toward public infrastructure (schools, roads), reinforcing a responsive governance model that is less likely to impose intrusive controls on citizens.

Choosing jurisdictions with stronger privacy protections

Criterion Example jurisdictions
Minimal state surveillance infrastructure Small Caribbean nations (e.g., St. Kitts & Nevis, St. Lucia)
Low or no personal income tax, no mandatory reporting of foreign assets Same CBI states; also some African nations pushing back on global minimum tax
Regional mobility agreements (e.g., CA4, EU, Balkan blocs) Central American Four (CA4) – reciprocal travel privileges among member states
Pro‑business, pro‑freedom policies El Salvador under recent administration, which promotes low taxes and limited external interference

Practical steps for preserving privacy

  1. Diversify citizenship and residency – Acquire passports from multiple low‑surveillance jurisdictions to reduce reliance on any single state’s legal framework.
  2. Use reputable VPN services – Even if legislation threatens VPN availability, maintaining encrypted connections where possible remains essential.
  3. Monitor legislative developments – Track bills that contain broad language on “national security” or “foreign influence,” as they may later be used to restrict privacy tools.
  4. Consider satellite‑imaging risks – Be aware that high‑resolution imaging from space can capture ground‑level details; limit exposure of sensitive locations when possible.
  5. Stay informed about generational shifts – Recognize that younger populations may be more accepting of surveillance, influencing future policy directions.

While privacy in many Western nations is increasingly compromised, smaller, less powerful states often lack both the desire and the capacity to implement pervasive surveillance. Building a portfolio of passports and residence permits from such jurisdictions can provide a practical hedge against the growing trend of state‑driven data collection.