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.
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?
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.
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.
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.