Shadowing Practice: Why New Zealand Is the Only Safe Haven Left - Learn English Speaking with Video
Elige un modo de práctica
Cada modo abre una sala de práctica a pantalla completa.
197 oraciones
Si las oraciones son demasiado cortas o largas, haz clic en Editar para ajustarlas.
1
About a year ago we covered one of the strangest issues taking place in a high income country.
2
While everybody else is concerned about unsustainable immigration, everybody was leaving New Zealand.
3
The simple reason was its cultural, legal, economic
4
and geographic proximity to us here in Australia has just made
5
it really easy for a lot of kiwis to jump over the pond
6
and take advantage of the higher incomes and opportunities that are available in a relatively much larger economy.
7
But there is one exception to this trend, rich people
8
or rather the richest people in the world unlike average new
9
zealanders who can't seem to get out fast enough wealthy people from across the world
10
and in particular from a few select destinations can't seem to get in fast enough
11
this hasn't happened by accident the new zealand government has intentionally been accommodating these people for a long time
12
now to the point where moving to new zealand has become
13
almost a status symbol amongst wealthy people from certain areas
14
but it's worth understanding why and how new zealand is achieving this and also asking what the consequences will be.
15
So, why has
16
New Zealand become such a magnet for the world's richest people?
17
How and why is the country encouraging this?
18
And finally, what are the potential consequences of rolling out this red carpet?
19
Everyone wants to be better with their money, but these days that can mean checking 10 or more apps,
20
making keeping an eye on all of them nearly impossible.
21
I personally have over 15 accounts, which makes sticking to a budget genuinely difficult.
22
That's why I use today's sponsor, Monarch.
23
Monarch is a personal finance platform
24
that brings all of your accounts into one clean dashboard
25
it connects to over 13 000 institutions including every major bank
26
and credit card company entering your financial information online can be nerve -wracking especially on a platform
27
you haven't used before but monarch is solely funded by its subscribers making it ad free
28
and eliminating the need to sell your data
29
that makes it a far safer home for your financial information than pasting it into claud
30
or chat gpt monarch does use ai to give you deeper insight into your accounts
31
but only inside a closed environment that keeps your data private
32
but none of this works unless your whole household is on board
33
which is why monarch offers partner linking you can invite your partner
34
and link their accounts
35
so everything is out in the open get your personal finances in check at monarch .com economics
36
and for a limited time ee viewers get 50 off with the code economics 50 at checkout
37
so the first thing worth recognizing is
38
that new zealand is a strange place for the richest people
39
on earth to be queuing up for it's a small isolated agricultural country with roughly the population of sydney
40
and it's hours of flying from anywhere bigger also it has basically none of the infrastructure
41
that wealthy people usually seek out and in a lot of the cities
42
that have become particularly popular but really isn't much of anything
43
which is for a very specific kind of person exactly the appeal
44
if you make your income whether you leave the house
45
or not and you can afford to charter a flight
46
when you actually need to be somewhere
47
that isolation is kind of nice in return you get clean air empty landscapes low crime a stable government
48
and a very large ocean between you and everybody else's problems
49
which is actually something apparently a lot of billionaires are taking
50
quite seriously ever since bloomberg reported on silicon valley figures buying
51
up south island bolt holes back in 2018 new zealand has
52
had a reputation as the place wealthy americans plan to wait out the end of the world something
53
that the country has been happy to accommodate peter teal was
54
infamously granted new zealand citizenship in 2011 after spending a grand total of 12 days in the country
55
that fact only became public in 2017 and caused a fair bit of a scandal when it did.
56
But once a few high profile billionaires own houses in the country, the whole thing kind of compounds on itself.
57
New Zealand becomes known as a destination for the ultra wealthy
58
which only makes it more attractive to the next billionaire looking for a place to settle.
59
And getting into the country legally is actually a lot easier than getting into the country physically.
60
New Zealand runs what is commonly called a golden visa or officially the active investor plus visa and in In April 2025,
61
the government made it significantly more accessible.
62
The old requirements asked for a domestic investment of 15 million
63
New Zealand dollars.
64
The new ones offer two options, a growth category that only needs 5 million dollars invested into local businesses and funds for 3 years,
65
and a balanced category that wants 10 million dollars in safer assets for 5 years.
66
The English language requirement was scrapped entirely, and under the growth category
67
you only need to physically be in New Zealand for 21 days across the whole 3 year investment period.
68
And then this visa grants permanent residency, which can quite easily turn into citizenship down the track.
69
The response has been unsurprisingly dramatic.
70
In more than two years under the old settings, the investor visa attracted 116 applications and about 70 million actual dollars.
71
But since the relaunch, Immigration New Zealand has received 837 applications and booked $2 .3 billion in committed capital,
72
with the average application waived through in 36 working days.
73
Now, when an immigration department starts quoting its own turnaround times like a courier company,
74
it's a pretty clear sign of who they are trying to win over.
75
Americans are the biggest group of applicants by a wide margin, followed by China and Hong Kong with roughly three dozen nationalities on the list overall.
76
And those customers are getting a very good deal on the tax side too.
77
New residents now qualify for what is called the Transitional Residency Exemption
78
which means that for their first 48 months in the country they pay no
79
New Zealand tax on most of their foreign income.
80
So any dividends, interest, rents or other offshore investment income they earn all sit outside the net for four years.
81
Now that exemption has technically been part of New Zealand law since 2006 so calling it new would be a stretch,
82
but the government has recently been sweetening everything around it.
83
Just last year the rules were adjusted specifically to carve out an exemption for people taxed on citizenship rather than residency, which in practice means
84
Americans who pay US taxes wherever they live.
85
New Zealand also has no general capital gains tax, no inheritance tax, and no wealth tax.
86
So for someone whose wealth grows through capital gains rather than a paycheck, that combination is about as good as it gets in the developed world.
87
So that is one side of the wealthy immigration equation,
88
and the other right now is that a lot of these same people are getting out of the Persian Gulf.
89
Dubai spent the last decade becoming the default base for the world's mobile rich, with its millionaire population more than doubling over that time.
90
Close to 10 ,000 millionaires moved to the UAE last year alone, bringing an estimated 63 billion US dollars with them.
91
But the war with Iran has been chipping away at the safe part of their safe haven pitch.
92
Avoiding the taxman obviously has its appeal, but most of these people aren't willing to risk drone strikes for it.
93
Henley & Partners, a firm that tracks and services wealthy migration, reported inquiries from UAE residents about alternative residences jumping 41 %
94
in the space of a single quarter around the turn of this year.
95
Now to be fair Henley
96
and partners have received some criticism for their reporting in the past
97
and obviously not all of these people are moving out of Dubai and straight into Queenstown.
98
But even still regardless of the exact figures there are a lot of digital
99
and tax nomads out there right now looking for a new home
100
and it's hard to find a country further from all that geopolitical drama than New Zealand.
101
In addition right next door australians are making the same move
102
and they don't even need a visa to do it we mentioned it extensively in our last video
103
so i don't want to repeat too much here
104
but under the trans -tasman agreement an australian can move to new zealand roughly the way
105
they could move to brisbane we can fly out on a tuesday
106
and be a new zealand tax residence by wednesday for decades
107
that mostly worked in one direction
108
and it's a big part of why regular new zealanders have found it
109
so easy to jump ship for higher wages over here
110
but the same frictionless border works in reverse australian Australian retirees have always drifted across for the scenery
111
and familiar culture and right now the exchange rate is helping too.
112
One Australian dollar buys about $1 .20 in New Zealand
113
so retirement savings built up over here stretch roughly 20 % further than they do across the Tasman.
114
And more recently Australia's own tax changes have started doing
115
New Zealand's recruiting for them.
116
In its most recent budget, Canberra announced it was scrapping the 50 % capital gains tax discount from the middle of next year.
117
For a wealthy Australian sitting on decades of unrealized gains, a short flight to a country with no capital gains tax
118
at all plus a four -year tax holiday on their foreign income
119
while they reorganize their affairs it's a really attractive offer especially
120
when they aren't
121
that far from home new zealand is closer to a lot
122
of australian cities than those cities are to places like perth
123
so the kiwis are getting very good at sucking up tech billionaires
124
and wealthy australian retirees by setting themselves up as a temporary tax haven the tax campsite
125
if you will this begs the question what is in it for them now i know we're all very happy
126
that the world's wealthiest people are getting a nice little safe tax advantage bolt hole
127
but it's worth asking what new zealand actually gets out of
128
the deal where it brings in a whole lot of people
129
that it won't tax the short answer is money at least publicly these people offer jobs growth
130
and investments that they have to provide as part of their visa conditions the growth category requires
131
that five million dollars go into new zealand businesses and manage funds
132
which means the price of entry is an injection of capital into a small economy
133
that never has enough of it also once these wealthy migrants arrive they spend money on houses
134
and cars and boats and services at the very top of the market.
135
Those purchases generate income for New Zealand and tradespeople plus a 15 % GST on most of what they buy.
136
These wealthy migrants are also relatively cheap for the government to host.
137
They're unlikely to rely on benefits or public housing and
138
when they get sick they mostly pay their own way through the private system.
139
All that is especially appealing at a time when New Zealand is losing many of its own workers overseas.
140
Last year New Zealand lost 28 ,500 people to Australia alone
141
which for such a small country is a big deal just in terms of manpower.
142
But on top of this, everybody that does jump ship takes their capital and their spending with them.
143
In other words, New Zealand may not be able to stop all of its workers from leaving,
144
but attracting wealthy migrants gives it another way to bring money into the economy.
145
Still, none of this is without consequence, which almost inevitably shows up in housing.
146
Queenstown, a resort town with very few career industries beyond tourism, now has an average house price of just over 1 .9 million
147
New Zealand dollars, more than double the already unaffordable national average of about 900 ,000.
148
Given its popularity with these wealthy migrants, it's also not seen the price reductions that most of the rest of the country has post -COVID.
149
Houses there sell for around 13 times what local earners earn in a year, and the standard definition of affordable is three times annual income.
150
which produces a strange side of a town that cannot house the people who run it.
151
Stories came out this year of nurses, teachers, and police officers living in garages or sharing beds between day
152
and night shifts and commuting in from cheaper towns well outside the district,
153
all while close to 14 % of local homes sit empty for most of the year as holiday homes or bunkers.
154
It has gotten so bad
155
that the mayor has taken to warning about zombie neighbourhood streets of multi -million dollar houses with nobody actually living in them.
156
Now, to be fair, the government did think about this.
157
When it reopened the housing market to foreign money at the end of last year,
158
it kept the ban that stops most non -residents from buying property at all, but it carved out one narrow exception.
159
Golden Visa investors can buy or build a single home worth at least $5 million.
160
That original ban existed for a reason, because at the peak,
161
foreign buyers were picking up as much as 20 % of the homes sold in some of the most expensive Auckland suburbs.
162
Now, the new exception impacts fewer than half a percent of the national housing stock, somewhere between 5 ,000 and 6 ,000 properties,
163
and the Prime Minister called the package a happy compromise.
164
But in a place like Queenstown, if the only homes wealthy foreigners are allowed to buy are worth $5 million or more,
165
developers have every incentive to build homes that cost at least $5 million, which clearly is not doing much for affordability.
166
But then there's the biggest problem of all, stickiness.
167
The exemption ends after four years.
168
By then, these residents fall into the ordinary tax system of their worldwide income.
169
The government's bet is that by then, they will have houses, kids and schools, and money sunk into local funds.
170
The reasoning is that the people who are settled there tend to stay, and people who stay eventually become taxpayers like everybody else.
171
But is that so?
172
A wealthy person who's moved countries to protect their money from one tax system has already shown
173
that they are happy to move countries to protect their money from tax which means when the four -year exemption runs out,
174
some share of these residents will simply run the same calculation again
175
and somewhere like Singapore or Monaco or the calmer future of Dubai will happily host round two, which creates a fairly big problem.
176
Countries bidding for the same pool of mobile millionaires are playing a pretty classic prisoner's dilemma,
177
where each country is individually better off offering a slightly sweeter deal than its neighbours, but if everybody keeps sweetening,
178
it eventually just becomes a race to the bottom.
179
Some countries have already decided that the deal isn't worth it.
180
Spain shut down its golden visa program last year, partly over what it was doing to local housing.
181
The European Court of Justice struck down the Maltese citizenship by investment scheme over security and money laundering concerns,
182
and Portugal pulled property out of its program entirely while extending the citizenship weight from five years to ten.
183
Australia is also moving in this direction.
184
Canberra is raising capital gains tax on its own wealthy residents, which puts Australia
185
and New Zealand's tax systems into direct competition for the same
186
people across a border where by the country's citizens can simply show up and stay.
187
If New Zealand keeps going down this path, it could also very quickly get a bit of a bad reputation.
188
The morning after Australia unveiled those capital gains tax changes in its latest budget, one of Australia's biggest newspapers put
189
New Zealand on its front page as a tax haven.
190
New Zealand also has an election later this year, and the main opposition party is campaigning on a capital gains tax on property,
191
which means the settings attracting these people could shift within a couple years of them arriving.
192
So, while they might be enjoying the capital inflows for now, it could just as easily start flowing the other way,
193
ripping off the band -aid that didn't really fix the core problem to begin with.
194
Now, we have already made an entire video on that issue, which is why everybody else has been leaving New Zealand.
195
You should be able to click to that on your screen now.
196
Thanks for watching, mate.
197
Bye.
Descargar app
Todo lo que necesitas para hablar con fluidez
Pronunciación con IAEvalúa cada oración
Práctica de IPADomina cada sonido
VocabularioConstruye tu banco de palabras
Juego de vocabularioAprende mientras juegas
Mismo canal
B22
Why Trillions of Foreign Aid Hasn’t Solved Poverty
Daily ConversationUniversity StudentsWorking Adults
C12
Why Europe's GDP Growth Is Crippling Its Economy
Daily ConversationUniversity StudentsWorking Adults
C112
Living Paycheck to Paycheck? So Is Everyone Else
Daily ConversationUniversity StudentsWorking Adults
C13
The Tragic Reality of Brain Drain on Poor Countries | Economics Explained
Business EnglishUniversity StudentsWorking Adults
C13
Why China Will be the Big Winner of the 2020 Crisis
IELTS PrepBusiness EnglishUniversity Students
C11
The End Game of U.K Economics
IELTS PrepBusiness EnglishUniversity Students
C15
What Happens When Capitalism Doesn't Need Workers Anymore?
Daily ConversationUniversity StudentsWorking Adults
C15
The Economy Gave Up On Young People ... It's Starting To Show
IELTS PrepBusiness EnglishUniversity Students
C211
No One Is Talking About the "Winners" of the Iran War
IELTS PrepBusiness EnglishUniversity Students
FOR YOU
Recomendar Video
C12
322 oraciones
How Money & Banking Work (& why they're broken today) - Lyn Alden
Daily ConversationUniversity StudentsWorking Adults
B23
268 oraciones
Australia and New Zealand Compared
Daily ConversationUniversity StudentsWorking Adults
C11
83 oraciones
How living abroad rewires your brain.
Daily ConversationUniversity StudentsWorking Adults
C128
106 oraciones
Why is Switzerland home to so many billionaires?
Business EnglishDaily ConversationUniversity Students
B25
241 oraciones
Could TOP become New Zealand’s next kingmaker? | The Front Page
Business EnglishDaily ConversationUniversity Students
C11
229 oraciones
Something weird is happening in Indonesia…
Daily ConversationUniversity StudentsWorking Adults
C11
222 oraciones
Why Living in London has Become Impossible
Daily ConversationUniversity StudentsWorking Adults
C13
246 oraciones
$15 Trillion Money-Making Machine | How BlackRock Became Too Powerful to Ignore
Daily ConversationUniversity StudentsWorking Adults
C15
186 oraciones
How America Got So Good At Buying Sh*t
Daily ConversationUniversity StudentsWorking Adults
C12
193 oraciones
The Real Reason We Left the Gold Standard
Business EnglishDaily ConversationUniversity Students
C12
754 oraciones
Oligarchy is worse than you think
American AccentDaily ConversationUniversity StudentsWorking Adults
B22
280 oraciones
These Passports Let You Pay Just 1% Tax
Daily ConversationWorking Adults
Vocabulario y notas de pronunciación para esta lección
Esta lección de conversación se basa en el vídeo “Why New Zealand Is the Only Safe Haven Left”. Las palabras que más se repiten: zealand, tax, wealthy, capital. Este vídeo tiene 197 frases y 2774 palabras para practicar shadowing. La parte hablada dura 13:17. El hablante habla rápido, unas 209 palabras por minuto, así que espera sonidos enlazados y reducidos. El 84 % de las palabras está entre las 3.000 más comunes del inglés; conviene repasar el resto antes de empezar.
Vocabulario clave de este vídeo
15 palabras del vídeo que vale la pena aprender, con su pronunciación y significado:
| Palabra | Pronunciación | Significado |
|---|---|---|
| wealthy adjetivo | /ˈwɛl.θi/ | adinerado, rico |
| visa sustantivo | /ˈviːzə/ | visa, visado |
| monarch sustantivo | /ˈmɑnɚk/ | monarca |
| citizenship sustantivo | /ˈsɪtɪzənʃɪp/ | ciudadanía |
| exemption sustantivo | /ɪɡˈzɛm(p).ʃən/ | exención, eximición |
| immigration sustantivo | /ˌɪmɪˈɡɹeɪʃən/ | inmigración |
| roughly adverbio | /ˈɹʌf.li/ | toscamente |
| billionaire sustantivo | /ˌbɪl.jəˈnɛɚ/ | milmillonario, millardario |
| migrant sustantivo | /ˈmaɪɡɹənt/ | migratorio, migratoria |
| exception sustantivo | /əkˈsɛpʃən/ | excepción, salvedad |
| attract verbo | /əˈtɹækt/ | atraer |
| consequence sustantivo | /ˈkɑn.sɪ.kwəns/ | consecuencia |
| investor sustantivo | /ɪnˈvɛs.tə(ɹ)/ | inversionista, inversor |
| millionaire sustantivo | /ˌmɪl.i.əˈnɛə(ɹ)/ | millonario, millonaria |
| earn verbo | /ɝn/ | ganar, granjear |
Phrasal verbs que vas a escuchar
| Palabra | Pronunciación | Significado |
|---|---|---|
| get out of verbo | salirse de, ponerse fuera de | |
| come out verbo | /ˌkʌm ˈaʊt/ | revelarse, salir a la luz |
| get out verbo | salir | |
| pick up verbo | coger, asir | |
| rip off verbo | estafar, timar | |
| roll out verbo | desplegar, distribuir | |
| run out verbo | agotar, quedarse sin | |
| show up verbo | comparecer, personarse |
Gramática en este vídeo
Las estructuras que más usa el hablante, con las palabras exactas del vídeo:
| Estructura | En el vídeo |
|---|---|
| Present perfect continuous have/has been + -ing — una acción que empezó antes y continúa | has intentionally been accommodating · has recently been sweetening · has been chipping |
| Present perfect have/has + participio pasado — una acción pasada que sigue importando ahora | has just made · hasn't happened · has become |
| Voz pasiva be + participio pasado — importa lo que ocurre, no quién lo hace | is solely funded · is commonly called · was scrapped |
| Oraciones de relativo who / which + oración — información extra sobre una persona o cosa | accounts, which makes · residency, which can · people who run |
Pronunciación a tener en cuenta
El hablante usa 14 contracciones y formas reducidas, como aren't, can't, don't. Dilas en su forma corta, tal como las oyes.
- Los sonidos de “sh” y “zh”: citizenship /ˈsɪtɪzənʃɪp/, exemption /ɪɡˈzɛm(p).ʃən/, immigration /ˌɪmɪˈɡɹeɪʃən/, exception /əkˈsɛpʃən/, reputation /ˌɹɛpjʊˈteɪʃən/
- Palabras largas — cuida el acento: citizenship /ˈsɪtɪzənʃɪp/, immigration /ˌɪmɪˈɡɹeɪʃən/, millionaire /ˌmɪl.i.əˈnɛə(ɹ)/, residency /ˈɹɛzɪdənsi/, reputation /ˌɹɛpjʊˈteɪʃən/
Sonidos difíciles para hispanohablantes:
- s + consonante al inicio — sin añadir una “e” delante: stretch /stɹɛt͡ʃ/, stable /ˈsteɪ.bəl/, scandal /ˈskændəl/, sponsor /ˈspɒn.səː/, sweeten /ˈswiːtən/
- /v/ — no es /b/: los dientes tocan el labio inferior: visa /ˈviːzə/, investor /ɪnˈvɛs.tə(ɹ)/, arrive /əˈɹaɪv/, reverse /ɹɪˈvɝs/, invest /ɪnˈvɛst/
- /z/ — sonora, no /s/: visa /ˈviːzə/, citizenship /ˈsɪtɪzənʃɪp/, exemption /ɪɡˈzɛm(p).ʃən/, residency /ˈɹɛzɪdənsi/, physically /ˈfɪz.ɪ.kli/
Cómo practicar con este vídeo
- Escucha el vídeo entero una vez sin hablar y anota las palabras que no conoces.
- Empieza a velocidad 0,75×, haz shadowing frase por frase y vuelve a la velocidad normal cuando te resulte fácil.
- Grábate y compara con el original, prestando atención a palabras como wealthy, visa, monarch.
¿Qué es la Técnica de Shadowing?
Shadowing es una técnica de aprendizaje de idiomas respaldada por la ciencia, desarrollada originalmente para la formación de intérpretes profesionales y popularizada por el políglota Dr. Alexander Arguelles. El método es simple pero poderoso: escuchas audio en inglés nativo y lo repites en voz alta de inmediato, como una sombra que sigue al hablante con solo 1-2 segundos de retraso. A diferencia de la escucha pasiva o los ejercicios de gramática, el shadowing obliga a tu cerebro y músculos de la boca a procesar y reproducir simultáneamente patrones de habla reales. Las investigaciones muestran que mejora significativamente la precisión de la pronunciación, la entonación, el ritmo, el habla conectada, la comprensión auditiva y la fluidez al hablar, convirtiéndola en una de las metodologías más efectivas para la preparación del IELTS Speaking y la comunicación en inglés en el mundo real.