2 ms·
If I had multiple billions of dollars in one country like the Sacklers, I certainly would move a few billion out of that country to shield against country risk.
by malandrew 7y ago
If I had multiple billions of dollars in one country like the Sacklers, I certainly would move a few billion out of that country to shield against country risk. Yes, the US is one of the safest places to have assets, but it's also got a runaway spending habit. Moving less than 10% out just to shield you from the off chance that the US does something that hurts your wealth is just common sense.
As someone pointed out elsewhere, a lot of this money was moved out almost a decade ago, well before there was the possibility of huge civil judgements.