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You're missing the most obvious reason that's far more important: Anyone smart and Chinese knows that there's a very decent chance that the system collapses and
by jseliger 7y ago
You're missing the most obvious reason that's far more important: Anyone smart and Chinese knows that there's a very decent chance that the system collapses and/or the government steals all your money and possibly your life. In the US and Canada, it's extremely uncommon for the government to steal a rich person's money and even life, and it virtually never happens without a public trial.
Anyone smart, Chinese, and with resources is looking for a way to not be subject to Chinese legal/government jurisdiction, and if you were in China, you'd be doing the same.
- gcbw2 7y agoYou think in terms of theoretical society that is either On or Off. No place is like that. You missed the point that the people fleeing is already stealing tax and are likely the bad parts of the system themselves. They are fleeing from others like them and the justice, to begin with. If the system will collapse or not, i doubt that cross their mind.
- chaostheory 7y agoI agree. China has little rule of law. It runs mainly on nepotism now even more than pre-XJ. That said, I'm still guessing that most of this money was made illicitly.