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> however people no longer necessarily invest where they live This is a problem. The UK is experiencing what the US is experiencing so I hope you don't mind.

> however people no longer necessarily invest where they live This is a problem. The UK is experiencing what the US is experiencing so I hope you don't mind. I'm all invested in the US. My citizenship, my family ties, my finances, and my language. Immigrating to a five-eyes nation would be far easier for me (racism aside). There's no going back for me and my family, unless I want to immigrate out and start from the very bottom with absolutely nothing. Because I'm a naturalized US citizen and I'm not white, I also harbor no illusions: There's every reason to believe that if this administration and its extremists continue down its trajectory, I and my family will eventually be subject to the worst. I'm also not wealthy: So it's in my best interest to be a moderating voice, fight for the values that define my home, be seen giving back/paying it forward, and push for the best outcome for my home. I'm not sure how to quantify the value add of this, and the wealthy transnationals who distinctly take without being a net positive--because they can so easily relocate--are a large part of the problem.

graemep 1y ago
I am not sure we are talking about the same thing. > The UK is experiencing what the US is experiencing so I hope you don't mind. Depends in what way? Economically, in some ways. Socially and politically not. > I'm all invested in the US. My citizenship, my family ties, my finances, and my language I assume you are saying that to agree with me, in that the super-rich are never invested in one country the same way. However, I meant invested literally, not metaphorically. Where you invest your money. > I'm not sure how to quantify the value add of this, and the wealthy transnationals who distinctly take without being a net positive--because they can so easily relocate Wealthy individuals can relocate. Businesses can relocate some things, but their actual operations are tied to physical assets and to where their employees live.
- nobodyandproud 1y ago
  > Depends in what way? Economically, in some ways. Socially and politically not. The economics drive much of the social and political upheaval. The US is essentially performing its own flavor of brexit, though clearly there are a lot of differences. > I assume you are saying that to agree with me, in that the super-rich are never invested in one country the same way. Yes. In the US and 100 years ago, FDR was called a traitor to his kind. I believe this disconnect remains true today. > I assume you are saying that to agree with me, in that the super-rich are never invested in one country the same way. Mostly to have a conversation and grumble. I used to work for a UK firm many years ago and so I still have a fondness and soft-spot for (presumably) your country. > However, I meant invested literally, not metaphorically. Where you invest your money. Okay, that's certainly easier to measure then. If I recall in the greater London area, the most obvious problem stems from the wealthy parking their wealth in real estate, driving up the cost and lowering the supply for residents? Likewise with other services and products that have started to target only these wealth, making said services out of reach of everyone else. Not to mention it concentrates the wealth and economy into one or two saturated areas. Is that a correct summary of the issue at hand?
  - graemep 1y ago
    > The US is essentially performing its own flavor of brexit, though clearly there are a lot of differences. In so far as its people being dissatisfied with the current state of things, politics dominated big parties that do not want to change things, and the influence of big business lobbies. I think the problem with drawing a parallel with Brexit is that the EU also has these problems. > Mostly to have a conversation and grumble. I can sympathise with that. There is much to grumble about :( > I used to work for a UK firm many years ago and so I still have a fondness and soft-spot for (presumably) your country. Nice to know. i am British and Sri Lankan in terms of citizenship, mostly British culturally. I do not say "origin" because that is a bit more complicated. > Okay, that's certainly easier to measure then. If I recall in the greater London area, the most obvious problem stems from the wealthy parking their wealth in real estate, driving up the cost and lowering the supply for residents? Yes, definitely, and pretty much nationally. > Not to mention it concentrates the wealth and economy into one or two saturated areas. I would say a small group of people rather than areas.

graemep 1y ago

I am not sure we are talking about the same thing. > The UK is experiencing what the US is experiencing so I hope you don't mind. Depends in what way? Economically, in some ways. Socially and politically not. > I'm all invested in the US. My citizenship, my family ties, my finances, and my language I assume you are saying that to agree with me, in that the super-rich are never invested in one country the same way. However, I meant invested literally, not metaphorically. Where you invest your money. > I'm not sure how to quantify the value add of this, and the wealthy transnationals who distinctly take without being a net positive--because they can so easily relocate Wealthy individuals can relocate. Businesses can relocate some things, but their actual operations are tied to physical assets and to where their employees live.

nobodyandproud 1y ago
> Depends in what way? Economically, in some ways. Socially and politically not. The economics drive much of the social and political upheaval. The US is essentially performing its own flavor of brexit, though clearly there are a lot of differences. > I assume you are saying that to agree with me, in that the super-rich are never invested in one country the same way. Yes. In the US and 100 years ago, FDR was called a traitor to his kind. I believe this disconnect remains true today. > I assume you are saying that to agree with me, in that the super-rich are never invested in one country the same way. Mostly to have a conversation and grumble. I used to work for a UK firm many years ago and so I still have a fondness and soft-spot for (presumably) your country. > However, I meant invested literally, not metaphorically. Where you invest your money. Okay, that's certainly easier to measure then. If I recall in the greater London area, the most obvious problem stems from the wealthy parking their wealth in real estate, driving up the cost and lowering the supply for residents? Likewise with other services and products that have started to target only these wealth, making said services out of reach of everyone else. Not to mention it concentrates the wealth and economy into one or two saturated areas. Is that a correct summary of the issue at hand?
- graemep 1y ago
  > The US is essentially performing its own flavor of brexit, though clearly there are a lot of differences. In so far as its people being dissatisfied with the current state of things, politics dominated big parties that do not want to change things, and the influence of big business lobbies. I think the problem with drawing a parallel with Brexit is that the EU also has these problems. > Mostly to have a conversation and grumble. I can sympathise with that. There is much to grumble about :( > I used to work for a UK firm many years ago and so I still have a fondness and soft-spot for (presumably) your country. Nice to know. i am British and Sri Lankan in terms of citizenship, mostly British culturally. I do not say "origin" because that is a bit more complicated. > Okay, that's certainly easier to measure then. If I recall in the greater London area, the most obvious problem stems from the wealthy parking their wealth in real estate, driving up the cost and lowering the supply for residents? Yes, definitely, and pretty much nationally. > Not to mention it concentrates the wealth and economy into one or two saturated areas. I would say a small group of people rather than areas.