Millionaires are leaving the US!

Interesting article. Here are some key points:

The net inflow of high-net-worth individuals to the US plummeted 86% in 2022 from peak pre-pandemic levels, falling to just 1,500 people, according to a new wealth report by London-based consultancy Henley & Partners.

Many have been driven away by mounting calls to tax the rich, political tensions in the US, unpredictable markets because of the war in Ukraine, rising crime rates and gun violence, and conflict over societal issues like gender equality and racism, Kadiri added.

More investors, C-suite execs, and entrepreneurs are migrating to future-proof their wealth, “seeking greener pastures for investment and business growth, safer destinations to raise their families,” Opdyke added.

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Don’t need to stay and run their business, or do the hard work that made them millionaires in the first place?

Sounds like a lot of useless rentiers and crypto parasites.

The most useless parasite is the one collecting the taxes.

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That is because the chinese government prohibited it in early 2022.

The attempt is difficult/impossible to enforce once the COVID restrictions were lifted.

What country needs investors and entrepreneurs when you can flood your country with millions of the world’s impoverished, uneducated, non-English speaking, unemployed and unemployable labor? :man_shrugging:

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So they are leaving for the EU?

Several years back all the talk on this forum was how all the wealth creators were leaving for Belize. Beck was the conservative flavor of the month and he pushed that narrative big time.

Nothing says useless eater better than: leftwing bureaucrat with a lifetime of service in any nation’s capitol or the UN.

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I would say this applies to any lifetime bureaucrat regardless of party.

Applies to the landlords and crypto farmers too
:woman_shrugging:

those are tax “collectors”

what do you call those who live off and exploit the taxes collected?

how about those who legislate such distribution by force?

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that’s a given

but does it affect your vote?

Heh. Sounds like someone is working on their taxes.

My taxes are actually substantially done. But when you write four checks, each in the five figures (and one smaller one) to the IRS each year, it kind of changes your perspective. :smile:

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Always comes down to what one perceives as the lesser of two evils. Choice between a bad decision and a worse decision.

Agreed.

But I don’t see many lifetime originalists or conservatives making government their thing since anti-communism became passe.

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It is still a net inflow.

If you are from, I dunno say, China, and want to immigrate elsewhere
you can immigrate to the US by investing $1.8 million,
($0.9 million if you invest in in certain areas)
in Canada and Australia you can do it for about $350,000.
In Anguilla (leads to British citizenship) for $150,000

Canada is by far the most popular place for investment-based citizenship
they have low taxes on the rich, and, so many people are doing it that after a few years you can just sell your investment to the next guy in the conga line.

always comes down to “democrat” or not huh?

And they’re all moving to countries that are “socialist” by American standards.

Why do you have a dunce cap as your avatar?

I picked the Eagles to win the Superbowl
(and was pretty brash about it too.)

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