Why I Chose St. Lucia for Citizenship by Investment
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- čas přidán 8. 01. 2021
- nomadcapitalist.com/citizensh...
In this video, Andrew discusses why he chose to become a St. Lucian citizen, how St. Lucia’s citizenship by investment program works, and how St. Lucia compares to other citizenship by investment programs in the Caribbean.
Andrew Henderson and the Nomad Capitalist team are the world's most sought-after experts on legal offshore tax strategies, investment immigration, and global citizenship. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to "go where they're treated best".
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Andrew has started offshore companies, opened dozens of offshore bank accounts, obtained multiple second passports, and purchased real estate on four continents. He has spent the last 12 years studying and personally implementing the Nomad Capitalist lifestyle.
Our growing team of researchers, strategies, and implementers add to our ever-growing knowledge base of the best options available. In addition, we've spent years studying the behavior of hundreds of clients in order to help people get the results they want faster and with less effort.
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DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.
![Want to Move to the Caribbean? Watch this First - [The Ugly Truth about Island Living]](http://i.ytimg.com/vi/6LEM9lMsQLs/mqdefault.jpg)
Oh wow, bro. CZcams recommended your video. I'm Saint Lucian. Happy to have you, fellow Lucian. 🇱🇨 Peace and love.
Thank you for the warm welcome.
With pleasure. All the best.
Hello fellow St Lucians
🇱🇨🇱🇨🇱🇨🇱🇨🇱🇨🇱🇨🇱🇨🇱🇨
@@nomadcapitalist Is this just one passport or can you have 2?
@@wilsmith6551 You can (and probably should) have multiple citizenships.
MY father who is a Jamaican citizen that travels alot told me that St.Lucia is one of the most beautiful places in the world.
Most definitely is! 🇱🇨🇱🇨🇱🇨
Absolutely is!!
LOL! I'm Jamaican and my mother told me a similar tale. She has family over there.
• I have something very important to tell you !!
• We are all sinners and the destiny of sinners is hell.
• But God, with his infinite grace, sent his son Jesus to die for humanity.
• Not everyone believed and believe, but whoever accepts him as Lord of his life will be saved.
• Jesus became a man, came into the world, taught; He suffered and died on the cross for all, so that now we can have a second chance to be reconciled to God and be saved through Jesus Christ, who gave his life dele for us.
I went to St Lucia on my own in 1988. I was the only one who got off the plane. Everyone else was visiting the other islands. I had the time of my life and still have the photos to prove it.
Take me with you on your next visit…😉👍
Can I see tho if yu dont mind ? Im from the island
can you please share any of those photos?
I sold a plot of land and my car for the purpose of obtaining a Vanuatu passport through investment. Five months after I obtained the Vanuatu citizenship, the European Commission imposed a ban on Vanuatu citizens from entering the European Union, so what is the solution?
@@duraa161 1988 was the time of your life? All downhill from there?
I have no money but watching your videos inspires me to build my wealth so I can live free. I am so tired of the US and living like the modern slave. I had no real guidance growing up and woke up from the matrix late in life - but I am woke now.
Glad to be a part of your growth.
I’ve been living outside the US for at least 15 years. What’s been going on there.
• I have something very important to tell you !!
• We are all sinners and the destiny of sinners is hell.
• But God, with his infinite grace, sent his son Jesus to die for humanity.
• Not everyone believed and believe, but whoever accepts him as Lord of his life will be saved.
• Jesus became a man, came into the world, taught; He suffered and died on the cross for all, so that now we can have a second chance to be reconciled to God and be saved through Jesus Christ, who gave his life dele for us.
• Jesus loves all mankind, is risen and can save you from eternal damnation and give you eternal salvation. Jesus will return to seek those who have accepted him in their hearts.
• We can confess our sins to Him, because He is faithful and just to forgive our sins and cleanse us from all injustice.
Huge fan. Dominican citizen here living in St. Lucia now after leaving the US 2 years ago. Im not sure if you mentioned it but for those who are interested in living in the Caribbean, one of the coolest things about a CARICOM passport is that it allows you indefinite entry/stay/work in the CARICOM bloc (with a few exceptions)
I sold a plot of land and my car for the purpose of obtaining a Vanuatu passport through investment. Five months after I obtained the Vanuatu citizenship , the European Commission imposed a ban on Vanuatu citizens from entering the European Union, so what is the solution?
@@WolfF2022 housing is affordable both to buy and rent. At least, in my opinion. As far as safety, there have been some issues with crime recently; mostly drug related. I live in a neighborhood where people look out for each other and leave my home/cars unlocked constantly. I've never been robbed nor have I ever felt unsafe. However, I urge people to take the same precautions they would anywhere: security/cam systems, awareness and of course, building report with neighbors.
@@WolfF2022 You're welcome!
@@BitcoinKhaleesi if we may ask,in which area of St Lucia are you living? Where is it safe?
A win is a win!
I am St Lucian / American with dual citizenship . I encourage all my fellow St Lucians with kids born in Europe and North America to ensure we process St Lucian citizenship for our kids. Its something many neglect to do and l have been encourage them all to do it. It cost us nothing and many do not take advantage of it.
I sold a plot of land and my car for the purpose of obtaining a Vanuatu passport through investment. Five months after I obtained the Vanuatu citizenship , the European Commission imposed a ban on Vanuatu citizens from entering the European Union, so what is the solution?
@@duraa161 seriously, what is the reason ? Did you loose visa free entry or aren’t you able to come there at all?
is their a age limit? I'm born in at Lucia my sons are Adults can I still do it for them.?
@@natakijean-baptiste1746 yes you can. There is no age limit its your country of birth .
@@chrisc1881 ok, can I open a bank, And start a offshore business?
I am not wealthy or smart but I enjoy your content. Greetings from the near bottom of the dominance hierarchy in the USA.
Glad to have you, Jason.
You can climb up the ladder man, CNBC just did a video of a lady who makes $200,000 a year babysitting.
Hi fr: overtaxed NYC metro area...Litchfield County, CT....lol... start a business doing anything...dog walking, dog baby sitter...house sitter....clean up backyard dog poop house sitter...plant baby sitter...car washing at their house...hand waxing cars on site w/15% off front liners etc.. make a handmade business card ALL A Round guy Friday & dog pet business ... (cats R difficult they might RUN OUT THE DOOR)
Jason Bay dumb people don’t say they are not smart. Dummies know everything just ask them.
@@jrbailey8935 hahaha yes, the old homage. I believe Shakespear stated "The fool does think he is wise, but the wise man knows himself to be a fool".
Thank you for this information. Being a traveler myself, I can tell you were totally honest and straightforward.
I love your videos because it is balanced and honest, it shows the pros and cons, and then allows the viewers to decide for themselves.
As a young canadian who has never made close to six figures in my life, i have been reading your books and watching your channel so that in the decades to come, perhaps maybe even when elderly, I can go where i am treated best, Thank you for everything.
Your videos are honest and straightforward and I specifically like the fact that you're a true capitalist.
Thank you so much for that, Janos. Glad to help.
@@nomadcapitalist Id like to call you a Libertarian capitalist
This is the most useful video I watched this year!
Great tips Andrew! thanks again.
Love your channel Andrew. Quality content. I am doing my best to be able to afford your services one day. Until that day, I will just watch and learn. ;)
My country (the Netherlands) possibly has one of the worst tax systems in the world. Getting to those 7-figures will be an uphill battle to say the least haha.
This is the content I’ve been waiting for
Me tooo
• I have something very important to tell you !!
• We are all sinners and the destiny of sinners is hell.
• But God, with his infinite grace, sent his son Jesus to die for humanity.
• Not everyone believed and believe, but whoever accepts him as Lord of his life will be saved.
• Jesus became a man, came into the world, taught; He suffered and died on the cross for all, so that now we can have a second chance to be reconciled to God and be saved through Jesus Christ, who gave his life dele for us.
• Jesus loves all mankind, is risen and can save you from eternal damnation and give you eternal salvation. Jesus will return to seek those who have accepted him in their hearts.
• We can confess our sins to Him, because He is faithful and just to forgive our sins and cleanse us from all injustice.
• Jesus wants to save you, you can be saved! Believe in Him, obey His word.
God bless you! 💓
A wonderful place. I visited it. My wife and I and my 3 daughters visited it several times on cruises.
Wow this is great new i'm from Trinidad and Tobago🇹🇹🍫🇹🇹
Went to Saint Lucia for my honeymoon. Fell in love with that place. So chill and relaxing. Could definitely live there haha.
Your decision was very wise. Thank you very much for his video. I'm looking at getting a second citizenship for myself and my 2 sons aged 12 years and 15 years.
This is exactly the channel I’ve been looking for. I’m a Hawaii resident and thought about getting another passport in addition to my US. I will be ordering your book. Mahalo!
Why
I look forward to going where I'll be treated best, it sure isn't Canada with our high taxes, and sub-arctic climate (at least where I live). Excited for your book to arrive!! Thanks N.C.
As a veteran in the US i'm so disgusted as what this place is turning into, I would leave today except I'm an avid 2A supporter. I firmly hold true that we are responsible for OUR own protection.
Thank you for your service, friend. I proudly became US citizen in 2006 and I have tears to witness where this country is headed.
O'Rourke and Biden are coming for the guns. O'Rourke will be in charge of the confiscation. He said that they will be knocking on doors and collecting guns with Biden's blessing of course.
All because of idiot Democrats.
I hear you I’m discussed with the US as well I want to leave too
Go to Ghana 🇬🇭peaceful country
I really enjoy your content. Thanks.
Slowly going thru all your vids. I recommend you to a few thousand people. Hope your subs have gone up in the past couple weeks. Keep up the great work
Much appreciated! Thank you so much 😍
I am happy to note you chose St Lucia. Welcome to St Lucia. Thanks for choosing St Lucia. Enjoy our beautiful island. Very good video.
Thank you! 😃
Doing Gods work mate, keep it up
Thank you for the great Content!
You challenge your audience to be open minded!
You just earned my sub !
This is smart. I never considered multiple citizenship options. I always thought if I did this, I'd have to give up my US citizenship which I don't want to do. Happy to hear that isn't always the case.
I sold a plot of land and my car for the purpose of obtaining a Vanuatu passport through investment. Five months after I obtained the Vanuatu citizenship , the European Commission imposed a ban on Vanuatu citizens from entering the European Union, so what is the solution?
You should go out celebrating their independence day with them mate, you'd love it
good video,highlighting all the good st lucia has to offer.
In light of the harsh lockdowns in the western world it makes sense to acquire a second passport.
good advice is spend time in the island to get a feel of the place ...
posada forestal is there to welcome you at a good price...
Thanks for sharing!
I will be applying for my St.Lucia citizenship this year. Tired of giving my money away and want to live a completely different life. Thank you for this video
How much do you pay in taxes?
You just got a New Subscriber!!
Welcome, Eric.
Searching for a second citizenship brought me here.. thanks for this video
I like that..yu said go around the world that's important too me. So many are stuck on most common countries that's always displayed
The wisest thing that should be on every wise individuals list is to invest in different streams of income that don't depend on the government to bring money especially now the pandemic is hitting economy hard
I'm now coming across this channel. Amazing content. I am a born and raise Saint Lucian. And believe me, you made the right decision. Hope to seeing you speak the Creole Language, xd!
Andrew, I believe it's important that the viewers know whether the countries you suggest cooperate with the IMF.
Excellent! Whats not to love about St Lucia? Hop from Puerto Rico. You really can't go wrong in the Caribbean
Well, Ill never go Cuba or Venezuela.
You cant go wrong there. Fellow Caribbean here
Love the new intro😄
Thanks!
I absolutely love your channel Andrew, Although for my circumstances I wouldn’t pay an extra $30,000-$50,000 for the ‘visa free’ for the sake of being able to travel around just to visit and extra 1 or 2 countries, I would just get a visa.. However I would pay that if it allowed me to specifically go somewhere that I wanted to for long stays,
Definitely a reasonable choice. Let us know if you need any help.
Good choice, from hong kong
God bless you man thanks
Is there a video where you go through all your passports and what they provide for you? Thanks for saying about needing to add children, we are a family of 4 so family pricing matters. We were in SL two years ago on a cruise, beautiful country and generous people!
Caribbean’s cool.
Lived on a boat there for a year or two - turned 3 on the boat… Good times. The pirate boys and the monkey woman. The “pet” dolphins and baleen whales, and birds. Is Foxy’s still there? Dude - remember The Baths at Virgin Gorda - before the rope ladders and tourist crowds found them? The Banana Split Sundays at Frenchman’s Reef on St. Thomas. Great adventures are sure to be had there.
St. Lucia and Dominica are two of my finalist options in 2 years when I go through process of obtaining a second citizenship, these two options seem like great options and the price point for what you are getting is also of very good value!
Dominica is no place to live 😂
Neither is StLucia
@@khez_ I am simply going to obtain a passport not for living purposes.
@@MrLionLC Just for a passport document not for living purposes.
@@MrLionLC no dont do this st.lucia is a fantastic place to live if you have the money of course
I am from St.Lucia. ..Great content & knowledge.. Great to have you as a citizen. Peace & Love
Glad to be part of the country, Kegan. Thanks for the warm welcome.
• I have something very important to tell you !!
• We are all sinners and the destiny of sinners is hell.
• But God, with his infinite grace, sent his son Jesus to die for humanity.
• Not everyone believed and believe, but whoever accepts him as Lord of his life will be saved.
• Jesus became a man, came into the world, taught; He suffered and died on the cross for all, so that now we can have a second chance to be reconciled to God and be saved through Jesus Christ, who gave his life dele for us.
• Jesus loves all mankind, is risen and can save you from eternal damnation and give you eternal salvation. Jesus will return to seek those who have accepted him in their hearts.
• We can confess our sins to Him, because He is faithful and just to forgive our sins and cleanse us from all injustice.
• Jesus wants to save you, you can be saved! Believe in Him, obey His word.
God bless you! 💓
Beautiful Saint Lucia!
It is a nice quiet under the radar country.
It may be under the radar but incomes are lower so crime is probably higher. Also since these countries are heavily dependant on tourism, covid is going to help their economy so their could be civil unrest there.
@@_capr_545 please do your research. Crime per capita is relative. Tourism is our main industry, and covid has significantly affected the economy.
@@_capr_545 and there isn't any unusual civil unrest
@@jsc2606 which country doesnt have crime? Come back to earth please. Was a rather unfortunate response you got. Always good to be cautious and practice extra safety when you visit a country especially as a tourist.
@@josam4545 I merely spoke of a specific issue that was happening at that period of time and despite that it is full of beautiful people. Have been to several islands and always felt very welcome and certainly safer than the likes of London! Tourism is the main income generator for many countries so the sooner we can travel freely without stupid health passports and tests that are useless the sooner we can support those countries like St Lucia to recover.
You can fly directly to London and USA from St lucia.
Thank you for choosing the Helen of the West Indies
Just broke the 6 figure barrier... as a nomad! Long way to go still, but glad to be seeking new horizons.
This plandemic can miss my whole lineage - I’m buying my way out this nonsense.
Very interesting....I’ve really been enjoying your content and have been talking about it to Family and Friends especially those who have kids in the 15-25 age range. I did chuckle when you spoke about getting additional Caribbean passports “for fun” (but in your case it’s r&d for your company as well.)
Glad CZcams recommended your video. I had to firstly subscribe here then twitter. I will become your client very soon ☺️
Looking forward to serving you.
Andrew!! I love your channel yassss🤗☕🌬👑
What do you think of Bulgaria? Coming from the US. Great content 👏Thank you.
Thank you for opening our eyes to the possibility of dual citizenship. St Lucia sounds very attractive, but $100K is quite the investment!
Not an investment - a donation. In other words a fee.
@@RasheedKhan-he6xx yes I suppose you could look at it that way.
Am from Staint Lucian I just found out about this video and try the people that say Staint Lucian is the best and it beautiful thanks 👍😁🇱🇨🇱🇨🇱🇨
Hello Nelly!! Hope you are doing well, we are looking into this citizenship program too!
You people are racists towards Indians
Would love you to cover Curaco passport ?? An Irish but it strikes me as an interesting option given it is governed by the Netherlands
St. Kitts allows citizenship by descent without any further donation requirements.
Remember he is talking from his level of lifestyle, you might not be able to stay in his neighborhood. Vets need to do your research to stay near a military post or hospital
Great video!
Thanks!
I have visited St. Lucia several years ago. A nice place.
I literally on the St. Lucia website last night and checking into this program. Good to hear your perspective on it.
Let us know if you need any assistance, Brian.
Sounds good, thanks! We are still in the early stages of formulating our plan.
can you mention that website for me please as well?
This is the St Lucia website on the topic, though navigating the website and finding the right info is a bit daunting. www.govt.lc/news/about/citizenship-residency
Here is the link to the Nomad Capitalist site on St Lucia with the info condensed into one page, which makes understanding what all that is involved much easier. nomadcapitalist.com/2020/05/20/st-lucia-citizenship-by-investment/
Once again a very informative and eye-opening video. You mentioned in passing that "these passports don't generally pass down [to your children]". Since citizenship by birth or "regular" naturalisation can usually be passed down to the next generation, I wonder if other special conditions apply to these CBIs as well. For example, would you have the same rights and duties as any other citizen in case you'd actually go and live in the country of your CBI passport?
Andrew, how would you evaluate if it makes financial sense to invest in a passport with a CBI program? Price of the citizenship as a % of your total wealth, or sum future tax savings compared to the price of passport?
I have no idea why this is in my recco list, but you have my attention.
• I have something very important to tell you !!
• We are all sinners and the destiny of sinners is hell.
• But God, with his infinite grace, sent his son Jesus to die for humanity.
• Not everyone believed and believe, but whoever accepts him as Lord of his life will be saved.
• Jesus became a man, came into the world, taught; He suffered and died on the cross for all, so that now we can have a second chance to be reconciled to God and be saved through Jesus Christ, who gave his life dele for us.
• Jesus loves all mankind, is risen and can save you from eternal damnation and give you eternal salvation. Jesus will return to seek those who have accepted him in their hearts.
• We can confess our sins to Him, because He is faithful and just to forgive our sins and cleanse us from all injustice.
• Jesus wants to save you, you can be saved! Believe in Him, obey His word.
God bless you! 💓
I'm pumped for your post having kids content. 👼
Shout out all my st. Lucians
"There are some small countries you miss out on... like Russia... " :-) :-)
Hello- thanks. You mentioned with the St Lucian ppt you can travel to the Schengen countries. Would that be just where you get the automatic tourist visa on entry allowing 90 'Schengen' days per each 180 days? Or can you stay longer in the Schengen countries than that? Thank you.
Oh wow st.lucian here ❤️❤️
I am a US citizen who will be retiring next year. It is my goal to have a very small (by a wealthy person's standards) aluminum yacht and live aboard in the Caribbean. For the most part I have no family left in the US and few friends. So I have no compelling reason to return to the US other than perhaps an infrequent tourist visit.
Could someone perhaps steer me in the right direction as far as which Caribbean country would be the best choice to establish a "home base" and eventually seek citizenship, register my yacht, etc? Relevant issues are health care, income taxes on pensions, IRA's, 401k's, marine maintenance and repair facilities, and good communications infrastructure.
I'm willing to listen to all opinions and thank everyone in advance for their input.
You’re a good guy
Would like to see a video on the topic you mention on which countries to have a family or raise a family with your methods. Starting my process with St.Lucia passport through descent get getting the documents.
We have several videos on family on our channel; just search CZcams for them.
• I have something very important to tell you !!
• We are all sinners and the destiny of sinners is hell.
• But God, with his infinite grace, sent his son Jesus to die for humanity.
• Not everyone believed and believe, but whoever accepts him as Lord of his life will be saved.
• Jesus became a man, came into the world, taught; He suffered and died on the cross for all, so that now we can have a second chance to be reconciled to God and be saved through Jesus Christ, who gave his life dele for us.
• Jesus loves all mankind, is risen and can save you from eternal damnation and give you eternal salvation. Jesus will return to seek those who have accepted him in their hearts.
• We can confess our sins to Him, because He is faithful and just to forgive our sins and cleanse us from all injustice.
• Jesus wants to save you, you can be saved! Believe in Him, obey His word.
God bless you! 💓
I got married in St Lucia 20 years ago yesterday.
I took a vacation to St Lucia in 1996 and it is beautiful. My only complaint is that they run on St Lucia time, which means you’ll wait 3 hours for a pizza. Maybe it’s different now, but I doubt it. :) Having been raised in the US to move as quickly as possible if you ever want to make it, it was very hard to come to terms with their slow pace of life.
1996 was 25 years ago dummy. Of course a lot of things have changed.
@@okiedokie2557 Are you looking to punch your ticket straight to hell? Looks like it! Repent! Jesus is coming back soon!
Pizza is 10 to 15 mins now lol
@@winstonduboulay frozen pizza yuck 🤢!
for me I'll go for st.kitts & nevis, as it is the platinum in the carribean region.
The country certainly does promote that as its brand.
Its really not
their video presentation is very encouraging, that is where I saw it. I'll take your advice. :)
that was several months ago when I saw it on youtube, I already forgot the title. you can search it in youtube by typing st.kitts & nevis citizenship
welcome!:)
PSA: Do not believe the processing time that is often advertised. There are now people who've been waiting for over 9 months. Given the government's utter disregard for sticking by their deadlines, who knows if you'll have to wait over a year?
And when we finally did, it was so difficult for me especially to cope in Canada, had to get into investing digitally and ever since the markets have been the source of my wealth.
How do you avoid withholding taxes on dividends from American Canadian or European corporations as a resident of a tax free country?
I need a visa to travel to the U.S. too. No, I don't have a criminal record. I only traveled to North Korea as a tourist in 2012 and 2015, and that's enough!
Nice ! Very nice !!!
go to lisbon, become a resident for a 10 year no tax deal, madonna did... so did my buddy... both seem happy....
I love St. Lucia. We went there for our honeymoon in 2013 for two weeks and instantly fell in love with that tiny island. Was thinking about moving there too with all the events that are happening as of late. Which Caribbean countries do offer visa free travel to Russia by the way, Andrew? I would like to know that.
Andrew, thanks for the video.
For someone looking for their first passport, does it make more sense to have a country that potentially has tax free residency if someone decides to live there. Does that exist? From my understanding St Lucia doesn't offer this.Trying to weigh the pros and cons.
Edit: I was able to figure this out. It's St Kitts or Antigua and Barbuda. Both are tax free if you have to leave there as a Plan B and earn your income there. St Lucia that's not the case
Good information and now a year later a passport cost $250 thanks to our new government another con
I Want in!
Thank you
in South East Asia, a US passport equals 1 million usd in terms of values
Interesting and helpful. Any issues with border control in various countries questioning the origin/reason for your holding ''what they may perceive as a clear citizenship by investment type passport?" Or do they usually just process them as if you were a born/raised citizen of St. Lucia (or other citizenship by investment country)?
a passport is a passport either way
Any chance of a new vid on Antigua and Barbuda and how it stacks up in 2021?
It's pretty good but it's not visa free to Israel which sucks
You will have 2 pay extra thousands of USD to add ur children or future children as nationality by cbi program in antigua and barbados cos its not transferable..
Everyone can be a single issue person. I’ve enjoyed this channel and it seems like the tax dodge is the big thing. I have no problems with that. I agree with many on this channel that the US best days are behind her, I live in California, which is clearly in decline. I disagree with nearly every government policy here, however there are other factors in life. Community, family, church, great weather, etc. Am I worried for how quick the decline can be? You betcha!
I’ve always dreamed to live in the US but changed my mind. There’s both capitalism and socialism extremes: very high taxes, high cost of living and no healthcare at all.
What is the difference between St, Lucia and St.kitts/Nevis?
Passport to freedom😘😘😘😘😘❤❤
How long does the citizenship by investment program take before the passport is issued?
Hi Andrew! I'm an Spanish citizen and I also have my Cuban passport because my parents are from Cuba.What do you think about getting a third one? Which option would you recommend me?
All the best!
How long does it take to renew a saint Lucian passport? 2-3 week? from the time u submit the request for a new passport to getting it delivered..
Beautiful place
It was at uni with a bloke who did Voluntary Service Overseas in St Lucia: working in forestry. The bloke next to him got bitten by a snake. Nobody did anything except say goodbye, and he died. That was 1987. I'm sure it's better now!
so far only 1 person died in st lucia from snake bite ever
I live in the USVI and own property in Puerto Rico. These are good choices to live if you don't have the money to invest in St. Lucia and you just want to get out of the mainland US or you want to live in the Caribbean.
Beware, if the Democrats add Puerto Rico as a state, the swamp will come you.
@@mityace Yea that is a possibility. I made a video called "what will happen to Real Estate if Puerto Rico becomes a state" and all the Puerto Ricans told me "don't worry it will never happen"... but I'm not so sure about that.
@@matthewsmith908 It's true they would get more say, but I think they'd also get more taxes. They pay a 10% sales tax and I think that would essentially become their state tax and they would add federal taxes on top. They would be the poorest state in the union and I think those extra taxes would be very hard on Puerto Ricans. Also, they lean very much to the left, that is why the democrats want to make them a state.
Puerto Rico is too crowded and Expensive...Beautiful Island...But crime is high and the Island is rife with Corruption, no different then Stateside or most place's...