Millionaire migration in 2015 [pdf]
nebula.wsimg.com
nebula.wsimg.com
> In our view , a Brexit w ill not result in an outflow of millionaires from the UK. On the contrary, we believe that wealthy UK citizens are more likely to stay in the UK if there is a Brexit. This view is backed up by the fact that most of the wealthy British people we interviewed voiced concern over the UK’s open border policy with Europe .
The third option being: the analysts here really messed up and shouldn't make a connection between a stance on open border policy and an outflow as consequence.
It's a similar scenario to what happened with the old Dutch and English people in 1860 Manhattan. The new masses of Irish and Jews drove many to leave.
It's not necessarily a bad thing, but the future will be very different.
In the US, you're more likely to be killed by a cop than by a terrorist in Europe.
Japan is peaceful for now, but has its own problems - rising tensions with China, proximity of North Korea, low economic opportunity. Same goes for most other developed Asian countries.
Africa, Middle East, Russia, most of Asia and South America are less developed (AFAIK), in terms of social cohesion, healthcare, economic opportunity.
The best options seem to be Australia and New Zealand, they are English-speaking, highly developed, peaceful, lawful and, most importantly, far away - a problem for some (e.g. if you have family members in other countries), but in case of major conflict, it will probably be a good idea.
All in all, some perspective is in order. Europe is probably the strongest it's been in the past 100 years. There are 300 million inhabitants, so even 1M migrants is a drop in the bucket. There are no immediate threats from other nation-states, except possibly for a few countries bordering Russia - although even they seem focused more on the Middle East recently. Most European countries still have the strongest social security.
On the other hand, the unexpected is just that, by definition. Chances are low, but it's possible that some crazy person does something crazy (Putin? Erdogan? A right-wing EU leader?). But that's true pretty much anywhere in the world.
The tide is turning though and world's biggest quarry is in trouble.....since China problems are looming more profoundly on Australian economy (China sneezes and Australia catches a nasty cold) more people are looking towards other industries i.e. services, tech, medical and those who used to make a tidy profit in the mines are being let go due to slumping iron ore pricing and weakened demand. In the space of last 12 months iron ore price was cut in half.
Add world's most expensive housing prices, climate issues, stalling economy, bogan attitudes (less so with the influx of educated migrants) etc. and Australia has its own share of issues to deal with. All things considered though, I would never want to go back to Europe or move to US. Why? To name a few: stable democratic government, great lifestyle, far away from some of the the loony bins e.g. Putin or not sharing borders with other countries (can get pretty lonely here at times though as to get anywhere is a minimum 10 hours flight), good pay and social support system, lots of nationalities in bigger cities so racial tensions are rare (we all just seem to get along), warm weather etc. Why would I want to live anywhere else? Yes, I could make more money in US, be more culturally aware/inspired in Europe, have cheaper lifestyle in Asia (south-east) etc. but when you look at what's really important in life and narrow it down to a dozen or so factors, especially if having a family is a prospect, nothing comes close to living Downunder. Even Kiwis want to live here! And that comes from someone who lived (at least 16 months) on every continent, except Antarctica and Africa.
Except the massive problem of growing inequality, low wages, and a public service that has been shredded. New Zealand has a scary future if it can't start to face these problems.
Most of North and Central Europe is less likely to suffer from such drastic effects.
Locals will expect you to be a retiree, a tourist, slumming it and up to no good, or an entrepreneur who is going to invest and create a business. You can't just go get a normal job domestically and expect to have a better life than you would in a western country. Worst of all, you won't really be accepted as a member of the local culture unless you've married a local and speak the language perfectly. People will see you as an outsider, and they'll take your money, but you will likely never feel at home.
The expats I have met in Latin America who have made a good life for themselves are either:
A. Working for large multinationals and live in a cloistered expat bubble.
B. Working as teachers in elite schools or as missionaries connected with some sort of religion or charity.
C. Digital Nomads who are basically permanent tourists and not really ex-pats.
D. People who were formally middle class in western countries and are now upper class having started boutique resorts, specialty farming operations, or are doing real estate development. This is the best reason to move to a developing country: You have the mindset of a wealthy person, but can't break through the middle class glass ceiling. Usually these people will leverage home equity or savings in western countries to invest in lifestyle business or those with a high rate of return in developing countries that require a lot of hands on management and political skill. Usually, the capital they invest would have been insufficient to star the same kind of business in a western country.
Here's a fun fact: when Hollande's 75% tax rate was announced, waiting lists at some of the more expensive francophone Swiss boarding schools ballooned overnight. Make of that what you will. (NB this tax rate was introduced in 2013 and dropped in 2014.)
Here's the relevant text: “Millionaires” otherwise known as “high net worth individuals” or “HNWIs” refer to individuals with net assets of US$1 million or more excluding their primary residences
Beijing to Sydney - 12h 0m flight time
Beijing to LAX - 12h 0m
Beijing to London - 11h 0m
The tide is turning though and world's biggest quarry is in trouble.....since China problems are looming more profoundly on Australian economy (China sneezes and Australia catches a nasty cold) more people are looking towards other industries i.e. services, tech, medical and those who used to make a tidy profit in the mines are being let go due to slumping iron ore pricing and weakened demand. In the space of last 12 months iron ore price was cut in half.
Add world's most expensive housing prices, climate issues, stalling economy, bogan attitudes (less so with the influx of educated migrants) etc. and Australia has its own share of issues to deal with. All things considered though, I would never want to go back to Europe or move to US. Why? To name a few: stable democratic government, great lifestyle, far away from some of the the loony bins e.g. Putin or not sharing borders with other countries (can get pretty lonely here at times though as to get anywhere is a minimum 10 hours flight), good pay and social support system, lots of nationalities in bigger cities so racial tensions are rare (we all just seem to get along), warm weather etc. Why would I want to live anywhere else? Yes, I could make more money in US, be more culturally aware/inspired in Europe, have cheaper lifestyle in Asia (south-east) etc. but when you look at what's really important in life and narrow it down to a dozen or so factors, especially if having a family is a prospect, nothing comes close to living Downunder. Even Kiwis want to live here. And that comes from someone who lived (at least 16 months) on every continent, except Antarctica and Africa.
A country is not a country without borders. When I emigrate I will choose a country based on its singular culture, and crucially, how well it maintains that culture. Why would I choose a country that's right for me now but risks changing in the future when I have kids there?
Multi-ethnicity in London is great. Multiculturalism in London is a sickness. No one chooses to move here for "London's culture," because it doesn't have an identifiable culture. So people come here expecting to maintain their own culture in a bubble instead, resulting in ghettos, self-segregation and rising tension.
Additionally, this demographic (I won't name the religion - I'm sure you know the one I'm describing) has a male unemployment rate of 50% and female unemployment rate of 75% in the UK.
You don't die as a country through low birthrates - this could only happen in a bygone era that required massive labourforce, agriculture, factory work etc. No - the modern economy does not require "throwing bodies at the problem." We are entering the age of automation, a having more humans in a country is not as important as having the smartest humans to build the automation.
In fact having more humans in the country just creates an aging population timebomb. This problem is confounded by immigration. Not resolved by immigration. Immigrants age just like the rest of us.
Every other statement after that is also utter nonsense pseudo opinion.
http://www.telegraph.co.uk/news/uknews/8054436/Indians-and-C...
Since we're pointing at random articles: http://www.independent.co.uk/news/uk/home-news/british-musli...
"The recent national Labour Force survey showed the unemployment rate among Muslim women was 18 per cent, compared with 9 per cent for Hindu women and 4 per cent for white Christian women."
No doubt unemployment rate is higher for Muslim women, and it is a problem. But citing figures that out of your pocket isn't gonna help.
The latest report, from 2015, makes for interesting reading. It shows that:
a. White people have a higher rate of employment than for ethnic minorities generally (74.7% vs. 59.3%)
b. Men have a higher rate of employment than women, and women are more likely to be in part-time work and less likely to be in senior management positions.
c. Religious minorities are more likely to be unemployed, and in particular Muslim men experience the highest levels of unemployment.
There's no analysis though of why any of this is the case though. All the things you highlight aren't necessarily issues that can't be overcome. But you have selectively cherry-picked what you want to see, and I can't see that you can provide any sources that back up your assertions about why Muslims face high unemployment.
And I have news for you - I have a number of friends who have moved to London for "London's culture".
San Francisco millionaires: 129,000. Population: 837,442 (2013)
I am french, I have read Clinton's email, and I think they try to avoid investigations. And some have a lot on their plate.
On one hand I think the country will be better without them, on the other one I still hope justice will be made. And I would like the welcoming countries to be aware some millionaires are rich by bending rules.