Ramit Sethi argues that ultra-wealthy people who move somewhere they hate just to save taxes are missing the point of being rich. The purpose of wealth is to enjoy life, not to obsess over tax minimization. Sethi says he's happy to pay taxes because they fund assistance for people who need it.
One of my pet peeves is people who are very, very wealthy, and then they move to a place that they don't actually want to live in just so they can save a little bit of money on taxes. What's the point of being rich? And it's because they have fixated on this idea that they need to reduce the amount they pay in taxes. I'm very happy to pay my taxes. I know that it goes to helping poor people and middle-class people. It's a never-ending game of trying to minimize or avoid taxes. Like, that's not the point. The point is to live a rich life.
