Wealthy people are renouncing American citizenship

Girija said:
@Ninja Mobile Trader VPS
If the broker is IB and TD Ameritrade with mkt data from iqfeed, why would proximity to where CME server exists matter?
The mkt data will need to arrive from wherever iq has its terminal server. Orders have to go through ib and td ameritrade. Why does Chicago's exchange datacenter proximity matter?
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@Girija Most futures brokers have their order servers in Chicago, so you want your trading software to have as little latency as possible between placing an order and order execution. For example, running an automated bot scalping strategy with market buys/sells will result in better fills with less slippage.

Proximity is more important for optimizing a strategy's price execution. With IB and TD Ameritrade, you may have a different trading strategy where that isn't as important. Specifically for IB, we'd recommend our NY servers instead for lower latency over Chicago.
 
easymon1 said:
morganist, what's your take on Boris Johnson?
Would you recommend the United Kingdom for Wealthy Expats fleeing USA?
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No they are heavily in debt and they are only offering a massive taxation programme to pay it off. I was trying to get them to outgrow it instead but they have chosen the hard option. Try Dubai if you don't want to have to pay high tax.
 
I thought the place-to-be to save on taxes is Puerto Rico. As long as you can prove your residency in Puerto Rico, you get to enjoy the lower tax rates in Puerto Rico. That's not the case anymore? You have now go all the way to Singapore to pay lower taxes?

This is exactly what I predicted would happen, just like the French who fled France to escape from the socialist Holland's massive 75% tax rate.
 
Ninja Mobile Trader VPS said:
@Girija Most futures brokers have their order servers in Chicago, so you want your trading software to have as little latency as possible between placing an order and order execution. For example, running an automated bot scalping strategy with market buys/sells will result in better fills with less slippage.

Proximity is more important for optimizing a strategy's price execution. With IB and TD Ameritrade, you may have a different trading strategy where that isn't as important. Specifically for IB, we'd recommend our NY servers instead for lower latency over Chicago.
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IB has servers in Hong Kong, right beside Singapore. So if you trade with IB, the latency should be manageable.
 
morganist said:
The statements I have been seeing on ET since Biden got in are very harsh, is he an extreme leader or are the comments inaccurate?
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He's a sleepy leader who just lets other extreme politicians under him get out of control.
 
JSOP said:
He's a sleepy leader who just lets other extreme politicians under him get out of control.
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Australia and Canada and UK foreshadow events coming to USA?
Luckily the darlings of new politics are in favor of smaller government,
responsible fiscal policy, lower taxes and increased freedom. uh huh

This thing to the left below is Literally A Production and behind her is her Agent.
His group had actual casting calls to select it. It is now part of govt.

Big Pimpin.jpg
 
The US still has the most billionaires on the planet. If it was very tax unfavorable for the filthy rich, they would all be gone and long left the US? The dirty little secret is the billionaires have tax loopholes up their asses. As many tax loopholes as their heart desires. All they need is to give their politician buddies a couple of million in campaign contributions and the quid pro quo goes very smoothly. More tax loopholes get written to benefit the filthy rich. That is how it is done. That is why Bezos, Gates, Zuckerberg, Buffet, Dorsey etc. get even richer as the days go by.
 
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