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What you propose is feasible when labor flows as freely as capital across borders. It takes less paperwork and time to set up a bank account in a foreign bank a
by yourapostasy 14y ago
What you propose is feasible when labor flows as freely as capital across borders. It takes less paperwork and time to set up a bank account in a foreign bank and deposit funds into it than it does to start working in the same domicile as the foreign bank (unless one is talking about special cases like intra-EU or intra-NAFTA, and even intra-NAFTA is no picnic). If you have $0.5-1M or more to set up shop, it takes less paperwork and time to start a new business in a foreign domicile than it does to move your labor to the same domicile without the same level of capital (and in many locales, that level of capital garners you a PR card at the same time). At the moment there is asymmetric discrimination against labor mobility, and these calls for increased immigration-with-strings quotas from capital represent an even greater imbalance, hence where I suspect the "cheating the system" sentiment comes from. Cut all the strings, and your fair market value would tend to emerge.