Monday, September 17, 2012

Money will move to where it's treated best

begin quote:
Yet others say the rich are simply following the new rule of capital – money will move where it’s treated best. Technology has allowed the rich to run their businesses and investments from anywhere in the world. And while taxes play a role in the decision, relocation experts say culture, education and climate also play roles among the rich. He said some of the U.S. rich are looking to Britain and Switzerland as well as other larger countries in Europe that don’t necessarily have the lowest tax rates. “It’s not just about taxes,” Mr. Lesperance said. “They’re not necessarily moving to small islands anymore. They want to go where they can replicate their lifestyle, run their businesses, educate their children and eat at great restaurants and enjoy the culture. They don’t want to be on an island where you say, “Well, we’ve eaten at the same three restaurants already. Now where do we go?’
end quote from:
The Mass Migration of the Super-Rich
 It appears from my research that the French, Americans, Russians and the Chinese are the ones most likely to move to protect themselves and their wealth during these times of political and economic uncertainty.  However, it is also true of the rich from every nation on earth as well.

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