andrew henderson menu

Andrew Henderson

Founder of Nomad Capitalist and the world’s most sought-after expert on global citizenship.

ABOUT THE COMPANY

What we’re all about

MEET OUR TEAM

Meet our 60+ global team

CONTACT US

We’re here to serve you

FAQS

Your questions answered

TESTIMONIALS

Read our testimonials

NEWSLETTER

Get free email updates

NC-image-menu

ACTION PLAN

Our flagship service for entrepreneurs and investors

ACTION PLAN ELITE

Create your Action Plan directly with the Mr. Henderson himself

CITIZENSHIP BY DESCENT

Claim a second passport based on familial connections

ALL SERVICES

Click here to see all our products and services

PASSPORT INDEX

Discover the world’s best passports to have in an ever-changing world

CITIZENSHIP MAP

Explore the citizenship options using our interactive citizenship map

TAX MAP

Explore the tax details for countries using our interactive tax map

ALL RESEARCH

Click here to see all of our research and interactive tools

THE WORLD’S #1 OFFSHORE EVENT

Learn from our R&D playbook and meet like-minded people at our annual event.

NOMAD CAPITALIST THE BOOK

Andrew Henderson wrote the #1 best-selling book that redefines life as a diversified,
global citizen in the 21st century… and how you can join the movement.

Freedom

Don’t believe the government’s poverty campaign

Fallback Image

Dateline: Cancun, Mexico

At Nomad Capitalist we focus on strategies for protecting wealth and those who are best equipped to benefit from them. However, as much as we think that corrupt, high tax governments are bad for people who have money, they are just as dangerous for those who don’t.

The World Bank recently reported (with admittedly unreliable numbers) that for the first time in history, less than 10 percent of the world is living in extreme poverty, defined by those earning less than $1.90 a day.  This achievement was the only one of eight UN Millennium Development Goals that were supposed to be met by 2015 that was in fact met, in large part due to East Asia’s emergence.

The ugly cycle of foreign aid

Development experts in government and international organizations like the UN often tout technical solutions like mosquito nets, latrines and other handouts that they can overspend tax payer’s money on as ways to lift the global poor out of poverty.

But what they miss is that these attempts create a cycle of victimization, enrich corrupt dictators and crony capitalists, and most importantly don’t allow the poor to implement sustainable solutions themselves.

A disgusting example of the inefficiencies of foreign aid is the $10 billion that was pledged to Haiti after a tragic earthquake wreaked havoc on the impoverished nation in 2010.

USAID funded firm Chemonics and The Clinton Foundation received a large portion of the aid money for earthquake victims, most of which was ultimately squandered on soccer fields, luxury hotels for aid workers and projects in regions of the country that were unaffected by the earthquake but were strategic for companies friendly to the aid organizations.

Vice Media covered this calamity, which you can watch a preview of below:

Haitian Money Pit: VICE on HBO Debrief (Episode 7)

Poverty and economic freedom

When poverty does fall, it’s due to increases in economic and personal freedom that allow human ingenuity to be unleashed.

I talk about how I love Hong Kong and Singapore as destinations for business and freedom, but looking at what has become of those countries’ general populations because of their governments’ policies shows how beneficial a freedom-minded government is for all.

From an impoverished backwater in 1965 after achieving independence, Singapore has become one of the wealthiest countries in the world, going from a per capita GDP of around two thousand dollars a year to over thirty-eight thousand in 2014.

Despite its enormous wealth, the country still has a relatively low cost of living and excellent public services including some of the best hospitals in the world. Because of the income opportunity in Singapore, it’s one of the most sought after places for immigrants from the rest of Asia.

The poor are like everyone else, they want to go where they’re treated best. A country with jobs and opportunities is a place anyone will choose over being treated like a victim in a refugee camp.

In countries like Botswana, Rwanda and Georgia, I see new Singapores in the making. Rather than becoming corrupted by Western aid organizations and governments, these countries are finding novel ways to rise above their peers.

While big government proponents will argue that minimum wages, redistribution schemes and other top-down governance are necessary for protecting the rights of the poor, countries like Hong Kong have proven that the free market will sort these things out on its own and over time, a rising tide will lift all boats.

Beyond the presence of more job opportunities, living situations change in wealthier and freer countries. Fertility rates are highest in countries with low economic freedom, but individual poverty falls when women have fewer children. Prosperous societies have longer life expectancies and lower infant mortality rates, further reducing incentives for producing more children.

The real reason poverty has gone down

Rather than a failed UN program raising millions out of poverty, instead it has been the economic liberalization of China that has done so. After more than 70 million people died under Mao Zedong’s “Great Leap Forward” socialist redistribution plans and the country became isolated from the world, China decided to begin reforming their economy in 1978 and grew by 10% every year until 2013.

Not only has this growth lifted hundreds of millions out of poverty in China, it has provided new job opportunities for people from Africa to the Caribbean.

Rather than UN-directed debt relief or other schemes to allay poverty, it has been economic liberalization that has done the lion’s share of this work.

Whatever hinders economic growth also hinders environmental and societal improvement. It is in wealthy, economically free countries that air and water are clean, education is universal, and most of the innovations that positively transform the world originate.

Attacking wealth to fix poverty won’t solve the problem, even though certain increasingly popular politicians claim it will.

Rather than stifling the development of mankind with goals to reduce poverty, we need to allow human ingenuity to prosper in places where it is now being suffocated.

GET ACTIONABLE TIPS FOR REDUCING TAXES AND BUILDING FREEDOM OVERSEAS

Sign up for our Weekly Rundown packed with hand-picked insights on global citizenship, offshore tax planning, and new places to diversify.

YOU MAY ALSO LIKE

Get the Right Passport for You

We’ve helped our clients obtain 28 different country’s citizenships, from often-overlooked ancestry programs, to fast-tracked investment options, and even exclusive programs for HNWIs. Don’t limit yourself; let Nomad Capitalist’s unbiased approach help you find the best option.

What do you want to accomplish?

Let us know your goal and we will tell you how we can help you based on your details.

$

We handle your data according to our Privacy Policy. By entering your email address you grant us permission to send you the report and follow up emails later.