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While they certainly would have the resources “to go anywhere else” - where would all these very rich people actually want to go? Where can they maintain a high
by germinalphrase 6y ago
While they certainly would have the resources “to go anywhere else” - where would all these very rich people actually want to go? Where can they maintain a high status lifestyle while also enjoying low taxes? Maybe I’m wrong, but it seems like a mighty short list and, hence, an empty threat.
- charlesu 6y agoIt depends on the threat. If the United States actually descends into any real chaos they can and will bail. For now, they can just move to their second home in Montana. But if gets bad, they’ll leave. They always do.
- germinalphrase 6y agoSure. Which is true of all people. You don’t have to be rich to flee violence. I guess my question relates more to the idea that the US has a “business friendly” economic regime and any change to that status quo is going to cause the very rich to leave. I’m sure a few will move to Monaco (as suggested by the other poster) but I’m not super convinced there are a bunch of viable alternative places to live.
- nemo44x 6y ago> Where can they maintain a high status lifestyle while also enjoying low taxes? Monaco.
- mellavora 6y agoAnd skiing in Andora.
- malandrew 6y agoI would also say that cold places are also a good option relatively speaking as they aren't very forgiving if you can't provide yourself with a warm home through the winter. This is why rampant poverty such as tent cities tend to migrate to cities with warmer or at least moderate climates. Norway, Iceland, Canada, etc.
- nemo44x 6y agoI guess it sort of makes sense that it appears much of the homelessness in Canada clusters around Vancouver since it is far more mild than the Eastern portion of the country.