Are Rich Americans Leaving The Country?

boom2bust. ^

[JimSEA]

I should rent out our back bedroom in Chiang Mai. :)

[the Real fifi]

I don’t know how accurate these figures are but many older Americans have found it cheaper to retire to Mexico or Costa Rico and many people have second (vacation) homes overseas. I don’t find it shocking at all.
If you lived all your life in L.A.—why not buy a condo to retire to Baja—there is good care there and nice housing for a fraction of the cost in L.A. and you can easily fly home to be with your family.

[GBA]

Can’t say that I blame them. The rich in an Obamanation would be viewed much like the Jews were when Hilter first won in Germany.

[cripplecreek]

I’m a loyal American. I still live in Michigan because it’s my home, I love it and I’m not giving it up without a fight.

[Doe Eyes]

Retiring overseas does not remove your US income Tax obligations.

However, many locations do not have the onerous property taxes we have in the States.

[wgflyer]

There are tons of places that are wonderful to live in. All you need is the money to maintain your wants and desires. If you’re rich, a nice little place on a Greek Isle would be heaven, or try the Swiss Alps, or Provence, France. Lovely places. New Zealand is an outdoor wonderland. Pacific islands very relaxing. Believe me, if you have the dough, the USA isn’t the magnet you might think it is. And this thread concerns the rich.

[wgflyer]

“Screw em and take away their citinship I say.”

Where Wall Street rich are concerned, a more appropriate statement might be “screw em and throw em in jail for life”. But one can’t blame people with money for wanting to escape being plundered to death.

[madison10]

Where are you going to keep it? your mattress? Seriously, I really would like to know. Is this just cash as opposed to investments in the stock market?

[adorno]

I posted the following in another thread a few days ago and it's just as applicable in this thread:

As long as the regular Joe and the regular Jane out there don't understand the repercussions of socialism, they will continue voting for more government intervention and more government "giveaways".

I'll go as far as saying that, if Obama gets elected, and the democrats retain control of congress, that anybody that truly believes in capitalism, should look for friendlier grounds in which to practice such capitalism. The U.S. ain't going to be it.

Within 5 to 10 years, capitalism will cease to be the primary driver of our economy. And, with capitalism on the way out in the U.S., within 10 to 20 years, the U.S. will cease to be the number one economy in the world. Within those same 10 to 20 years, the beginning of a major depression will overtake the U.S. And, as goes the U.S., so goes the rest of the world.

With the U.S. in recession or in depression, the world will become increasingly more dangerous because we won't have the economic and military power to suppress or overcome any conflicts, whether small or large. With more countries becoming more belligerent and with more and more regional conflicts around the world, it's only a matter of time before some major countries cease to exist or start on the road to self-destruction.

Bottom line is that, without capitalism, the U.S. and the whole world suffer.

If I were to want to start a new business right now, I would be looking for anyplace that is not as hostile as the U.S. is becoming. Is there such a place? Perhaps it would be best for the good of the U.S. to split into a Socialist U.S. and a Conservative U.S. I wonder which one would end up ahead. I'm pretty sure I know.

[madison10]

I'll go as far as saying that, if Obama gets elected, and the democrats retain control of congress, that anybody that truly believes in capitalism, should look for friendlier grounds in which to practice such capitalism. The U.S. ain't going to be it.

Where is that?

[EBH]

Who is John Galt?

[Caipirabob]

So where do these folks move to? I can’t think of anywhere I’d rather live than here.

Loads of tech people I know are going to Dubai. 5 times the salary level for the same skill set.

[Peter W. Kessler]

In 1923, my Grandfather emigrated to the U.S. from Germany. Inflation there was so severe that it was cheaper to burn money than to buy firewood or coal with it.

He learned English quickly, became an American Citizen, and never looked back. When asked if he’d like to visit “The Old Country,” he always replied, “I didn’t lose anything there. Why go back?”

He came here because conditions were intolerable in Germany. He worked hard, built a home, raised a family, and lived the American Dream.

Liberals / Socialists / Communists are attempting to turn the “American Dream” into a “Workers Paradise.” In other words, a freakin’ NIGHTMARE.

The U.S. was, at one time, the best place on earth to start over. If our Representative Republic cannot “start over,” I believe we’ll lose that republic. We’re pretty far down that road already.

I have told our son many times that, if life in the U.S. becomes intolerable, and there are better opportunities elsewhere, he should go and never look back.

Today, the U.S. is still the best place on earth to live, work, earn, raise a family, and realize one’s dreams.

But, if we continue the way we’re headed, that will cease to be.

I will do whatever is necessary to keep the republic, and I’m certain our son will do likewise. But, if the Liberals / Socialists / Communists ever gain the upper hand...

[wgflyer]

Policy that favors the poor fosters poverty. Policy should be focused on increasing the middle class, and attacking the rich is detrimental to this goal.

It should be common sense. But, apparently not.

[vietvet67]

Good info on that link. Thanks..

[11Bush]

"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your counsel nor your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen.”

Samuel Adams

[Moonman62]

I don’t think Barry will be any harder on Wall Street than W has been. He may tax them but at least there will be something to tax.

[popdonnelly]

I’m tired of paying the freight and taking the burden for people who don’t work. And having to listen to constant insults from the liberals while doing it. I’m not interested in an America where liberals rig the game to their advantage.

[penelopesire]

“Who is John Galt?”

Atlas Shrugged Bump!

God Save Our Country from the looters!!

[ridesthemiles]

One left last night- we lost Paul Newman to cancer.

I didn’t agree with his politics, but I sure liked his movies, his ability as a racer, and his grocery products are pretty darn good.

He was a champion of the Ronald McDonald houses for families who had kids in hospitals far from home getting medical attention. I think he may have been a founder of the concept.
I know it is easy to be so generous when you are making lots more than the tpical small business person, but he sure always had a twinkle in his eye.