Video Briefing

Nomad Capitalist: Mexico’s President Destroys Joe Biden

May 6, 2023Video Briefing8:11Watch on YouTube

Mexico’s president Andrés Manuel López Obrador (AMLO) has publicly warned the United States about a range of social and security issues, from rising gun‑related violence to the presence of U.S. law‑enforcement personnel on Mexican soil. His remarks echo concerns voiced by many Americans who feel that safety, community cohesion and tax burdens are deteriorating at home.

AMLO’s four‑point critique of the United States

  1. Prioritise children’s wellbeing – more “hugs” and a safer environment for kids.
  2. Combat drugs and firearms – reduce the flow of illegal weapons and narcotics.
  3. Remove U.S. police, troops and spies – keep foreign security forces out of Mexican territory.
  4. Leave former President Donald Trump alone – stop political attacks that distract from domestic problems.

Visa and immigration realities

  • Mexico has become increasingly strict with travelers it suspects may be trying to cross into the United States.
  • Reports from business‑class flights show passengers being detained for secondary screening and questioned about their intentions.
  • Some former Mexican presidents now reside in Spain under a “golden visa” program, highlighting the appeal of residency‑by‑investment schemes.

Safety and community contrasts

  • In many U.S. cities, parents report that children can no longer play unsupervised in front yards due to frequent school shootings and drug‑related incidents.
  • By contrast, countries such as Ireland, Georgia, Malaysia, Thailand and Singapore are described as having more relaxed attitudes toward children playing outdoors and lower levels of public violence.
  • Community ties are often tighter in these locations, with frequent public displays of affection and mutual support among neighbours.

Tax considerations for expatriates

  • Several European nations (e.g., Ireland, Estonia, Lithuania) offer personal income tax rates in the single‑digit range for qualifying foreign residents.
  • Thailand can provide a zero‑tax environment for certain expatriates, especially those who meet residency and investment criteria.
  • Real‑estate markets in tax‑friendly jurisdictions have surged: Dubai’s property prices more than doubled in 18 months, while Puerto Rico saw a sharp rise after the introduction of tax incentives for U.S. citizens.

Emerging relocation destinations

Country/Region Key Attraction Typical Tax Rate* Visa Pathways
Ireland Fast‑growing Western European economy, English‑speaking 10‑20 % (lower for certain schemes) Critical Skills Employment Permit, Start‑up Visa
Georgia Low cost of living, simple residency process 20 % (flat) “Remotely from Georgia” program for digital nomads
Lithuania / Estonia E‑Residency, digital business infrastructure 15‑20 % Digital Nomad Visa, Startup Visa
Malaysia (Kuala Lumpur) Affordable urban lifestyle, gateway to Southeast Asia 0‑28 % (depends on income source) Malaysia My Second Home (MM2H)
Thailand Beach lifestyle, potential zero‑tax status for qualifying residents 0 % (for certain foreign‑source income) Thailand Elite Visa, Smart Visa

*Rates vary by income level, residency status and specific incentive programs.

Practical steps for anyone considering a move

  1. Assess safety and community fit – visit potential locations, observe neighbourhood dynamics, and talk to local expatriates.
  2. Compare tax regimes – calculate the net effect of income, capital gains, and wealth taxes in both the U.S. and the destination country.
  3. Understand visa requirements – many “golden visa” or digital‑nomad programs require proof of income, health insurance, and background checks.
  4. Plan for U.S. tax obligations – U.S. citizens remain subject to worldwide income tax; consider filing requirements, foreign‑earned‑income exclusions, and tax treaties.
  5. Evaluate cost of living – factor housing, healthcare, education (if applicable) and transportation into the overall budget.

Outlook

While the United States continues to grapple with high crime rates, school shootings and a perceived erosion of social cohesion, a growing number of Americans are exploring alternatives abroad. Countries offering lower taxes, safer public spaces and stronger community ties are gaining attention, especially among digital nomads and remote workers. AMLO’s blunt assessment underscores a broader global shift: the traditional notion that “there’s nowhere else to go” is increasingly challenged by a diverse set of relocation options.