Quote:
Originally Posted by Hehe
The idea of moving is never purely about money. Tax saving is just the cherry on top that I thought I could throw in there.
The idea is first about kids' education.
Here in Canada, kids are taught in a way that we should be complacent to the environment we are in. But is that what I want my kids to be? Nop. I want they to always aim for excellence, seek for improvement and never make do.
Second, with the amount of money I'm spending, say 10k a month, what kind of lifestyle can I get elsewhere?
Here in YVR, I don't live poorly. But when factoring the access to healthcare, and lifestyle, I'm doing no better than my acquaintance spending half of what I do. As a matter of fact, his life quality is quite a bit higher than mine. He has health coverage that does everything on the same day for any test at the best hospital in the country. He's got 2 caregivers who cover 24/7 of any and all chores that they have to do.
First world problem? You bet. But again, I don't think I should conform to my existing situation. If there's a chance of a better life, why not?
My parents moved away from Taiwan because they saw a better opportunity elsewhere. When I came to Canada, I saw that too. And hence I stayed. Now that I'm at a stage where I can see how to go up another level, a level where I can't afford (cost of living) or non-existent (quick access to high level of medical care) in Canada, the question becomes, why wouldn't I do it?
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First, I think we are in the wrong thread
Regarding the kids thing, every country is going to have their pros and cons with edumacation, you can very well send them to a private school of your choosing that provides the ideals that you like. There's literally dozens of private schools across the lower mainland, and then direct them to apply to the post secondary institute that you prefer (though at that stage they may have their own ideas). Ultimately the post secondary choices are probably going to boil down the the similar ones no matter where you end up living.
Regarding QoL. You have the benefit in that your income is passive, but how well would it survive the test of time? Part of the reason I think your parents came to Canada was for a stronger ability to earn and save and create generational wealth. A lot of these other places aren't going to be conducive of those actions, except maybe Monaco, but you pay for the priviledge like you've outlined. Monaco in some ways is very similar to Vegas, the glamour and glitz of the strip, propped up by the much poorer neighbourhoods outside of the glowing facade.
You can have a much better life here or the states, it'll just cost you, just like in Monaco. I agree the taxes honestly isn't that big of a draw. At the income levels you purport to be at and the kind of taxes you pay, it matters, but not as much as other's make it out to be.