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I am hoping North Asian countries loosen up about visas. Right now it's easy to be a digital nomad or retiree in Thailand. Malaysia has My Second Home: https:/

I am hoping North Asian countries loosen up about visas. Right now it's easy to be a digital nomad or retiree in Thailand. Malaysia has My Second Home: https://en.wikipedia.org/wiki/Malaysia_My_Second_Home https://en.wikipedia.org/wiki/Malaysia_My_Second_Home I expect things will get easier in North Asia as the effects of the aging population hit. I would love to be able to move to a small town in Japan to live the Totoro life with fast Internet. And no virus problems.

nmfisher 6y ago
Interesting footnote from the Wikipedia article on Malaysia My Second Home: "On July 2, Minister of Tourism, Arts and Culture Nancy Shukri announced that the MM2H programme has been temporarily frozen until December 2020 for review and further improvement."
christiansakai 6y ago
North Asia has too much problem by themselves already. They don’t need more foreigners money as they are already rich and would rather prevent Eternal September. Not all South East Asian countries are welcoming to foreigners as well. I.e., Indonesia. They have too many digital nomads causing trouble and contributing nothing locally. No skin in the game.
- DarthGhandi 6y ago
  > contributing nothing locally Someone earning $10 a day online from overseas sources is contributing far more than a local worker.
  - stockkid 6y ago
    Could you elaborate how that might be the case? Is the argument that the $10 will somehow trickle down into the local economy?
    - DarthGhandi 6y ago
      How is it going somewhere else? If course it's being spent in the economy. Essentially it's an export of services. For large amounts I'm sure some is saved but most workers whether local or foreign bringing in overseas dollars are contributing far more to overall improvement of the economy than someone working at a retail store earning the exact same amount while shuffling around domestic dollars.
    - MacSystem 6y ago
      I believe he is saying this is inflating the fiat money due to new money throw in the economy not being in sync with the local production, causing the Cantillon effect[1] [1]: https://mises.org/library/money-inflation-and-business-cycles-cantillon-effect-and-economy https://mises.org/library/money-inflation-and-business-cycle...
  - topicseed 6y ago
    The problem is that this leads to a raised prices due to foreigners' purchase power, and this pushes locals away. This is very problematic politically as very few people end up profiting from tourists.
  - christiansakai 6y ago
    There’s so many thing wrong with this comment I don’t know where to start. How about we start with this. If you consider $10/day even a remotely decent salary then I don’t know what to say.
splintercell 6y ago
Malaysia My Second Home has been suspended.

nmfisher 6y ago

Interesting footnote from the Wikipedia article on Malaysia My Second Home: "On July 2, Minister of Tourism, Arts and Culture Nancy Shukri announced that the MM2H programme has been temporarily frozen until December 2020 for review and further improvement."

christiansakai 6y ago

North Asia has too much problem by themselves already. They don’t need more foreigners money as they are already rich and would rather prevent Eternal September. Not all South East Asian countries are welcoming to foreigners as well. I.e., Indonesia. They have too many digital nomads causing trouble and contributing nothing locally. No skin in the game.

DarthGhandi 6y ago
> contributing nothing locally Someone earning $10 a day online from overseas sources is contributing far more than a local worker.
- stockkid 6y ago
  Could you elaborate how that might be the case? Is the argument that the $10 will somehow trickle down into the local economy?
  - DarthGhandi 6y ago
    How is it going somewhere else? If course it's being spent in the economy. Essentially it's an export of services. For large amounts I'm sure some is saved but most workers whether local or foreign bringing in overseas dollars are contributing far more to overall improvement of the economy than someone working at a retail store earning the exact same amount while shuffling around domestic dollars.
  - MacSystem 6y ago
    I believe he is saying this is inflating the fiat money due to new money throw in the economy not being in sync with the local production, causing the Cantillon effect[1] [1]: https://mises.org/library/money-inflation-and-business-cycles-cantillon-effect-and-economy https://mises.org/library/money-inflation-and-business-cycle...
- topicseed 6y ago
  The problem is that this leads to a raised prices due to foreigners' purchase power, and this pushes locals away. This is very problematic politically as very few people end up profiting from tourists.
- christiansakai 6y ago
  There’s so many thing wrong with this comment I don’t know where to start. How about we start with this. If you consider $10/day even a remotely decent salary then I don’t know what to say.

splintercell 6y ago

Malaysia My Second Home has been suspended.