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I'd like to see an offer of the opposite kind: Citizenship or green card for a relatively low cost, but you need to pay relatively high taxes on your global inc
by kijin 12y ago
I'd like to see an offer of the opposite kind: Citizenship or green card for a relatively low cost, but you need to pay relatively high taxes on your global income for the rest of your life.
Why would anyone choose that? Well, there are many reasons. A booming economy with good jobs, excellent educational opportunities for children, and a robust social safety net (funded by those high taxes) will attract hard-working people from developing countries to come and work to make your economy grow even more.
Both Canada and Australia could have used this tactic a long time ago, but unfortunately both of them are still too strict on skilled workers and trying too hard to attract millionaires. Guess what, those millionaires will not contribute a single penny to your economy besides the initial payment, whereas a thousand skilled workers will actually pay you millions of dollars in taxes every year.