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Gary Stevenson: "Tax the Mega Rich" (Read 1425 times)
Bobby.
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Re: Gary Stevenson: "Tax the Mega Rich"
Reply #15 - May 12th, 2026 at 1:43pm
 
Bobby. wrote on May 12th, 2026 at 1:35pm:
freediver wrote on May 12th, 2026 at 11:48am:
Every country that has tried this has turned into a failure. The wealthy just leave, and take all their money with them.



When they sell up they pay capital gains tax so
it costs them big bucks to leave.  Wink



It cost this guy over $1 million in CGT to leave Australia:




Millionaire Who Left Australia: "I'm Ashamed To Be Australian"

Why 147,000 Millionaires Already Left






Apr 7, 2026 

Episode Summary

In this episode, Morgan sits down with Adam to unpack why he made the bold decision to leave Australia after building a multi-million dollar life and why a growing number of entrepreneurs are doing the same.

Adam shares his 30-year journey in business, the impact of rising taxes and cost of living, and why he believes Australia is becoming increasingly difficult for wealth creation. He breaks down how global tax systems work, why countries like Cyprus and Panama are attracting investors, and the real advantage of reducing financial and mental overhead.

The conversation also explores cultural differences, opportunity, and how the environment shapes success. Adam shares insights on wealth migration, the hidden cost of taxes, and what it actually takes to leave Australia properly.

Episode Timestamps
0:00 Intro
0:24 Why Adam Left Australia
1:09 Meet Adam
2:10 The Decline of Australia
5:19 Rising Taxes & Government Control
9:05 Millionaires Leaving Australia
10:39 Why the Wealthy Are Exiting
14:10 Who Should Consider Leaving
14:10 Dreamfest Announcement
16:23 Why Property Is No Longer Working
17:16 The Hidden Tax Burden
19:59 The Work Overseas Strategy
21:17 Cyprus Tax System Explained
24:24 Panama’s 0% Tax Model
27:04 How to Leave Australia Properly
28:15 The Real Cost of Leaving
33:48 Government Mismanagement
36:41 Australia vs Global Tax Comparison
38:17 The Bandwidth Advantage
43:17 The Decision to Leave
45:18 Life After Leaving Australia
46:27 Environment & Opportunity Shift
48:05 Australia vs USA Mindset
49:38 Tall Poppy Syndrome Explained
53:49 Step-by-Step: How to Leave

About Adam


Adam is an entrepreneur, investor, and freedom-focused thinker with over 30 years of experience building businesses.
After decades of operating in Australia, he transitioned into a semi-retired lifestyle, focusing on investing, Bitcoin, and structuring his life globally to maximize freedom and long-term wealth. He is a strong advocate for financial independence, global mobility, and creating leverage through better systems and environments.
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lee
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Re: Gary Stevenson: "Tax the Mega Rich"
Reply #16 - May 12th, 2026 at 1:55pm
 
MeisterEckhart wrote on May 12th, 2026 at 12:58pm:
If you're a codger on the bones of your arse, anyone with a hundred grand in assets might be mega-rich.



true dat. Wink Although any homeowner would have more.

MeisterEckhart wrote on May 12th, 2026 at 12:58pm:
I'd bet most boomer Australians would be worth over a million or so in assets, so not mega-rich relatively speaking...


Really? What is the source of your assumption? I have seen research that suggests average of over $2 million, but averages hide a lot. Ai says many Boomers  cluster between $0.5 and $3 million.  My fixed assets are currently valued at about $300k. Wink

MeisterEckhart wrote on May 12th, 2026 at 12:58pm:
What's your benchmark?



My benchmark is over $2 million.
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Re: Gary Stevenson: "Tax the Mega Rich"
Reply #17 - May 12th, 2026 at 2:06pm
 
lee wrote on May 12th, 2026 at 1:55pm:
MeisterEckhart wrote on May 12th, 2026 at 12:58pm:
What's your benchmark?



My benchmark is over $2 million.

For the purposes of discussion in this thread, I accept Stevenson's benchmark as referring to multi-billionaires - those with enough accumulated wealth to control/govern the state unelected.

As Lord Rothschild said, "Give me control over a nation's currency [economy], and I care not who makes its laws.”
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MeisterEckhart
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Re: Gary Stevenson: "Tax the Mega Rich"
Reply #18 - May 12th, 2026 at 2:08pm
 
lee wrote on May 12th, 2026 at 1:55pm:
Really? What is the source of your assumption? I have seen research that suggests average of over $2 million, but averages hide a lot. Ai says many Boomers  cluster between $0.5 and $3 million.  My fixed assets are currently valued at about $300k.

So, 'a million or so in assets' is a defensible median, then.
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MeisterEckhart
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Re: Gary Stevenson: "Tax the Mega Rich"
Reply #19 - May 12th, 2026 at 2:11pm
 
Bobby. wrote on May 12th, 2026 at 1:43pm:
Bobby. wrote on May 12th, 2026 at 1:35pm:
freediver wrote on May 12th, 2026 at 11:48am:
Every country that has tried this has turned into a failure. The wealthy just leave, and take all their money with them.



When they sell up they pay capital gains tax so
it costs them big bucks to leave.  Wink



It cost this guy over $1 million in CGT to leave Australia:




Millionaire Who Left Australia: "I'm Ashamed To Be Australian"

Why 147,000 Millionaires Already Left



[]https://www.youtube.com/watch?v=NAqvKD9SUZc[]

Would you weep for him if he'd f~cked off to Bermuda to live on a yacht?
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MeisterEckhart
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Re: Gary Stevenson: "Tax the Mega Rich"
Reply #20 - May 12th, 2026 at 2:22pm
 
Bobby. wrote on May 12th, 2026 at 1:43pm:
Adam is an entrepreneur, investor, and freedom-focused thinker with over 30 years of experience building businesses.
After decades of operating in Australia, he transitioned into a semi-retired lifestyle, focusing on investing, Bitcoin, and structuring his life globally to maximize freedom and long-term wealth. He is a strong advocate for financial independence, global mobility, and creating leverage through better systems and environments.

Adam questions immigration without any reference to the difference in the birthrate 70 years ago (3.2 to 3.3 per woman, rising to 3.55 by 1961), compared to today (1.48 per woman in 2024).

2.1 is the replacement level.

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Bobby.
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Re: Gary Stevenson: "Tax the Mega Rich"
Reply #21 - May 12th, 2026 at 2:26pm
 
MeisterEckhart wrote on May 12th, 2026 at 2:11pm:
Would you weep for him if he'd f~cked off to Bermuda to live on a yacht?



Watch the video -
he is no longer a slave to material goods -
he even rides a motor scooter - he has no car and he's happier.
He could buy 100 cars if he wanted to.
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MeisterEckhart
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Re: Gary Stevenson: "Tax the Mega Rich"
Reply #22 - May 12th, 2026 at 2:35pm
 
Bobby. wrote on May 12th, 2026 at 2:26pm:
MeisterEckhart wrote on May 12th, 2026 at 2:11pm:
Would you weep for him if he'd f~cked off to Bermuda to live on a yacht?



Watch the video -
he is no longer a slave to material goods -
he even rides a motor scooter - he has no car and he's happier.
He could buy 100 cars if he wanted to.

Yep... And he lives in Cypress, identified as a major money-laundering jurisdiction.

Cyprus has historically faced scrutiny as a significant jurisdiction for money laundering and financial crime, often linked to its role as an offshore financial centre attracting illegal foreign capital.

Panama is in a similar category...

Adam splits his time among Cyoress, Indonesia and Panama.
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Bobby.
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Re: Gary Stevenson: "Tax the Mega Rich"
Reply #23 - May 12th, 2026 at 2:45pm
 
MeisterEckhart wrote on May 12th, 2026 at 2:35pm:
Bobby. wrote on May 12th, 2026 at 2:26pm:
MeisterEckhart wrote on May 12th, 2026 at 2:11pm:
Would you weep for him if he'd f~cked off to Bermuda to live on a yacht?



Watch the video -
he is no longer a slave to material goods -
he even rides a motor scooter - he has no car and he's happier.
He could buy 100 cars if he wanted to.

Yep... And he lives in Cypress, identified as a major money-laundering jurisdiction.

Cyprus has historically faced scrutiny as a significant jurisdiction for money laundering and financial crime, often linked to its role as an offshore financial centre attracting illegal foreign capital.

Panama is in a similar category...

Adam splits his time among Cyoress, Indonesia and Panama.



Good on him I say -
he has probably paid 100 times more tax than we ever did -

he's paid his dues and now he can laugh and enjoy his life.   Smiley
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MeisterEckhart
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Re: Gary Stevenson: "Tax the Mega Rich"
Reply #24 - May 12th, 2026 at 2:55pm
 
Bobby. wrote on May 12th, 2026 at 2:45pm:
MeisterEckhart wrote on May 12th, 2026 at 2:35pm:
Bobby. wrote on May 12th, 2026 at 2:26pm:
MeisterEckhart wrote on May 12th, 2026 at 2:11pm:
Would you weep for him if he'd f~cked off to Bermuda to live on a yacht?



Watch the video -
he is no longer a slave to material goods -
he even rides a motor scooter - he has no car and he's happier.
He could buy 100 cars if he wanted to.

Yep... And he lives in Cypress, identified as a major money-laundering jurisdiction.

Cyprus has historically faced scrutiny as a significant jurisdiction for money laundering and financial crime, often linked to its role as an offshore financial centre attracting illegal foreign capital.

Panama is in a similar category...

Adam splits his time among Cyoress, Indonesia and Panama.



Good on him I say -
he has probably paid 100 times more tax than we ever did -

he's paid his dues and now he can laugh and enjoy his life.   Smiley

And now lives under the rules of 2 nation-states that allow the likes of him to hide his wealth from scrutiny by paying kickbacks to corrupt governments.

What's the bet he's got a shitload of bitcoin he's trying to launder.
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lee
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Re: Gary Stevenson: "Tax the Mega Rich"
Reply #25 - May 12th, 2026 at 2:59pm
 
MeisterEckhart wrote on May 12th, 2026 at 2:08pm:
So, 'a million or so in assets' is a defensible median, then.


Very easily. And don't forget super. The real increases come at the end of the term. Compound interest is great.
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MeisterEckhart
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Re: Gary Stevenson: "Tax the Mega Rich"
Reply #26 - May 12th, 2026 at 3:05pm
 
Bobby. wrote on May 12th, 2026 at 2:45pm:
Good on him I say -
he has probably paid 100 times more tax than we ever did -

he's paid his dues and now he can laugh and enjoy his life.   Smiley

And now appears on a Gen-Zer's YouTube channel as big wise buana advising Gen-Zers on how to evade tax, which could wind them up stateless and in jail in any one of multiple jurisdictions.


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MeisterEckhart
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Re: Gary Stevenson: "Tax the Mega Rich"
Reply #27 - May 12th, 2026 at 3:09pm
 
lee wrote on May 12th, 2026 at 2:59pm:
MeisterEckhart wrote on May 12th, 2026 at 2:08pm:
So, 'a million or so in assets' is a defensible median, then.


Very easily. And don't forget super. The real increases come at the end of the term. Compound interest is great.

Yep, so that kind of wealth is not mega-rich by Stevenson's standards, that is moderate... and light years away from allowing the capacity to control the state unelected.
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Bobby.
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Re: Gary Stevenson: "Tax the Mega Rich"
Reply #28 - May 12th, 2026 at 3:13pm
 
MeisterEckhart wrote on May 12th, 2026 at 3:05pm:
Bobby. wrote on May 12th, 2026 at 2:45pm:
Good on him I say -
he has probably paid 100 times more tax than we ever did -

he's paid his dues and now he can laugh and enjoy his life.   Smiley

And now appears on a Gen-Zer's YouTube channel as big wise buana advising Gen-Zers on how to evade tax, which could wind them up stateless and in jail in any one of multiple jurisdictions.




You're not a glass half full kinda guy.     Grin


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lee
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Re: Gary Stevenson: "Tax the Mega Rich"
Reply #29 - May 12th, 2026 at 3:18pm
 
MeisterEckhart wrote on May 12th, 2026 at 3:09pm:
Yep, so that kind of wealth is not mega-rich by Stevenson's standards, that is moderate... and light years away from allowing the capacity to control the state



So how then do the mega-rich control the state? Rig elections? Although the leftists do try. But I suspect that is more to do with them rather than trying to control the state.  It is the leftist mega-rich that have been pushing the climate change barrow.
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