News Analysis: Millionaires’ Migrations Means Decisive Monetary Movements by a plethora of Nationalities: Chinese, Indians, French, Italians, and Russians. The destinations of their choice (in popularity) were: United Kingdom, Singapore, America, Australia, and Hong Kong.
One may hypothesize that aforementioned ‘Re-locators’ may have underestimated the threat of America declaring possible Bank Depositor “Haircuts” (as unfortunately occurred in Cyprus). The $17.5 Trillion Dollar Deficit that is on the “books” will surely increase significantly while the current Regime is in office; Profligate Spending is assured for the next approximately 30 months (or longer). If Banks again commence to fail, the Depositors will take ‘Haircuts’ (since it is easier to sell to taxpayers now that there has been the Precedent of Cyprus), many say).
As a Word to the Wise: “Putting All of One’s Financial Eggs In Only “Anglo-Oriented” ‘Countries’, as aforementioned, might be indicative of Monetary Myopia”. The Commercial Electronic Intelligence gathering alone should cause many Immigrating Businessmen to shudder.
Millionaires’ Migrations Means Decisive Monetary Movements of which there are MANY other Low Taxation Countries which will welcome Immigrating Investors, with open arms, and NOT spy on them.
Reality.
Reference: http://rt.com/business/millionaires-report-economy-wealth-889/
