Silver Stackers logo

Silver Stackers

Discussion forum for those
who love to stack precious metals

You are not logged in.

Announcement

Forum registration is open.

#1 2017-02-28 05:55:34

Dogmatix
Member
From: Gaul (Australia)
Registered: 2011-06-22
Posts: 1,838
Trades :   53 

ZH: Millionaire Migrants: Countries That Rich People Are Flocking To

Interesting from ZeroHedge / Visual Capitalist:

Millionaire Migrants: Countries That Rich People Are Flocking To

http://www.zerohedge.com/news/2017-02-2 … e-flocking

chart-millionaire-migrants.jpg
Source: ZeroHedge / Visual Capitalist

Offline

The following 3 users say thank you for this post: boneyard, Skyrocket, Cinvalo

#2 2017-02-28 05:56:42

Dogmatix
Member
From: Gaul (Australia)
Registered: 2011-06-22
Posts: 1,838
Trades :   53 

Re: ZH: Millionaire Migrants: Countries That Rich People Are Flocking To

It would seem our supposedly high taxation rates aren't that much of a deterrent?

Offline

#3 2017-02-28 06:55:38

southerncross
Silver Stacker
Registered: 2012-07-26
Posts: 3,391

Re: ZH: Millionaire Migrants: Countries That Rich People Are Flocking To

Dogmatix wrote:

It would seem our supposedly high taxation rates aren't that much of a deterrent?

Taxation is a small consideration when your country and culture is being overrun by a self inflicted danger. 


Offline

The following 4 users say thank you for this post: ParanoidAndroid, gingham69, Marco55, Skyrocket

#4 2017-02-28 07:12:15

JulieW
Silver Stacker
From: Australia
Registered: 2010-10-14
Posts: 11,101

Re: ZH: Millionaire Migrants: Countries That Rich People Are Flocking To

Dogmatix wrote:

It would seem our supposedly high taxation rates aren't that much of a deterrent?

I'd bet that "structures" are in place for that issue.

Offline

The following 2 users say thank you for this post: gingham69, Killface

#5 2017-02-28 07:58:26

mmm....shiney!
Silver Stacker
From: 昆士蘭
Registered: 2010-11-15
Posts: 15,951
Trades :   102 
Website

Re: ZH: Millionaire Migrants: Countries That Rich People Are Flocking To

Dogmatix wrote:

It would seem our supposedly high taxation rates aren't that much of a deterrent?

Did you miss this bit when you posted?

753_screen_shot_2017-02-28_at_95719_pm.png


The woolgrower's target shall be the good thriving of his flock and its pastures, and so of himself and those whose livelihoods depend on his enterprise.
"The Woolgrower's Companion", 1906.

Offline

The following user says thank you for this post: bubblebobble2

#6 2017-02-28 16:49:02

willrocks
Silver Stacker
From: Yesterday
Registered: 2012-05-10
Posts: 7,629
Trades :   29 

Re: ZH: Millionaire Migrants: Countries That Rich People Are Flocking To

Bloody French!


"You can ignore reality, but you cannot ignore the consequences of ignoring reality." - Ayn Rand

Offline

The following user says thank you for this post: Clawhammer

#7 2017-02-28 16:52:34

bordsilver
Silver Stacker
From: The rocks
Registered: 2012-05-23
Posts: 9,596
Trades :   36 

Re: ZH: Millionaire Migrants: Countries That Rich People Are Flocking To

France is going well.


The only good tax is a repealed tax.

Offline

#8 2017-02-28 17:57:01

Ipv6Ready
Silver Stacker
From: North Sydney
Registered: 2016-01-08
Posts: 2,214
Trades :   39 

Re: ZH: Millionaire Migrants: Countries That Rich People Are Flocking To

How many are really relocating, does a person applying and getting business immigration visa into Australian need to reside here?

I know in many cases buying well run franchises, installing a manager and the bread winner going back, with just mums and kids staying for schooling.

Ie buy a home, local schooling fees rather than overseas school fees etc.

After graduation the family are dual citizens.

Can't speak for other nationalities but that is the case for many Koreans. Also other than farmers who became millionaire by selling their farm (so they have to set up life again), business people or high ranking office workers would find it very very hard or almost impossible to get a similar paying job in Australia due to language barrier.

Doctors, lawyers and engineers would find it next to impossible. I don't think there is one Korean educated doctors who would pass an English equivalency test.

I would say it might be similar for many non English speaking countires.


WTB 4 to 6 grams of pure gold. Don't care if it is coin, bar or granules. Near spot, suits anyone who has been tempted to open a certicard or just have some granules to make a ring

Offline

#9 2017-02-28 18:01:27

Stoic Phoenix
Silver Stacker
From: little things big things grow.
Registered: 2014-11-12
Posts: 2,952
Trades :   183 
Website

Re: ZH: Millionaire Migrants: Countries That Rich People Are Flocking To

Ipv6Ready wrote:

Doctors, lawyers and engineers would find it next to impossible. I don't think there is one Korean educated doctors who would pass an English equivalency test.

I would say it might be similar for many non English speaking countires.

I've helped overseas students study for these...I don't think most Australians could pass it.


www.searchnstay.com    ....for all your accommodation needs worldwide

Online

The following 2 users say thank you for this post: Ipv6Ready, Topherclaus

#10 2017-02-28 18:01:42

Ipv6Ready
Silver Stacker
From: North Sydney
Registered: 2016-01-08
Posts: 2,214
Trades :   39 

Re: ZH: Millionaire Migrants: Countries That Rich People Are Flocking To

^^ not saying that is the case for all Korean immigrants, but for multi millionaires I would say it fits the bill.

And likely similar for china.


WTB 4 to 6 grams of pure gold. Don't care if it is coin, bar or granules. Near spot, suits anyone who has been tempted to open a certicard or just have some granules to make a ring

Offline

#11 2017-02-28 20:20:39

Skyrocket
Silver Stacker
From: Melbourne
Registered: 2014-07-20
Posts: 4,867
Trades :   36 

Re: ZH: Millionaire Migrants: Countries That Rich People Are Flocking To

Don't understand why many millionares are flocking to the US?

Offline

#12 2017-02-28 21:51:29

Ipv6Ready
Silver Stacker
From: North Sydney
Registered: 2016-01-08
Posts: 2,214
Trades :   39 

Re: ZH: Millionaire Migrants: Countries That Rich People Are Flocking To

Stoic Phoenix wrote:
Ipv6Ready wrote:

Doctors, lawyers and engineers would find it next to impossible. I don't think there is one Korean educated doctors who would pass an English equivalency test.

I would say it might be similar for many non English speaking countires.

I've helped overseas students study for these...I don't think most Australians could pass it.

I'm talking about qualified doctors that are practising in Korea not students studying to become one here

Ie if youre a specialist or even a gp in Korea, migrating to Australia would mean looking for a new career

Or are you implying there are qualified/certified doctors from overseas trying?
If so I can imagine how hard that would be, just a small difference in jargon would make it hard.

Last edited by Ipv6Ready (2017-03-01 08:10:04)


WTB 4 to 6 grams of pure gold. Don't care if it is coin, bar or granules. Near spot, suits anyone who has been tempted to open a certicard or just have some granules to make a ring

Offline

#13 2017-03-01 04:22:40

whinfell
Silver Stacker
From: Australia
Registered: 2012-03-22
Posts: 3,325
Trades :   45 

Re: ZH: Millionaire Migrants: Countries That Rich People Are Flocking To

Skyrocket wrote:

Don't understand why many millionares are flocking to the US?

To make money tongue

Offline

The following user says thank you for this post: mmm....shiney!

#14 2017-03-01 04:45:58

Skyrocket
Silver Stacker
From: Melbourne
Registered: 2014-07-20
Posts: 4,867
Trades :   36 

Re: ZH: Millionaire Migrants: Countries That Rich People Are Flocking To

whinfell wrote:
Skyrocket wrote:

Don't understand why many millionares are flocking to the US?

To make money tongue

Not if the USD collapses.

Offline

#15 2017-03-01 06:42:01

Stoic Phoenix
Silver Stacker
From: little things big things grow.
Registered: 2014-11-12
Posts: 2,952
Trades :   183 
Website

Re: ZH: Millionaire Migrants: Countries That Rich People Are Flocking To

Ipv6Ready wrote:
Stoic Phoenix wrote:
Ipv6Ready wrote:

Doctors, lawyers and engineers would find it next to impossible. I don't think there is one Korean educated doctors who would pass an English equivalency test.

I would say it might be similar for many non English speaking countires.

I've helped overseas students study for these...I don't think most Australians could pass it.

I'm talking about qualified doctors that are practising in Korea not students studying to become one here

Ie if youre a specialist or even a gp in Korea, migrating to Australia would mean looking for a new career

Or are you implying there are qualified/certified doctors from overseas trying?
If so I can imagine how hard they would be just a small difference in jargon will make it hard.


Im talking qualified lawyers, medical practitioners, engineers, accountants etc from Asian and South American countries trying to pass their IELTS so they can practice here (sometimes this also means further education in their chosen field to comply with Australian standards).
Most have to take on roles outside their field to make ends meet until they pass their IELTS.
Eg - A lot of those cleaners that the general public walk past without a second glance are ridiculously smarter than the person who looks down their nose at them.

Last edited by Stoic Phoenix (2017-03-01 06:49:44)


www.searchnstay.com    ....for all your accommodation needs worldwide

Online

The following user says thank you for this post: Ipv6Ready

#16 2017-03-01 07:50:01

southerncross
Silver Stacker
Registered: 2012-07-26
Posts: 3,391

Re: ZH: Millionaire Migrants: Countries That Rich People Are Flocking To

Stoic Phoenix wrote:
Ipv6Ready wrote:
Stoic Phoenix wrote:

I've helped overseas students study for these...I don't think most Australians could pass it.

I'm talking about qualified doctors that are practising in Korea not students studying to become one here

Ie if youre a specialist or even a gp in Korea, migrating to Australia would mean looking for a new career

Or are you implying there are qualified/certified doctors from overseas trying?
If so I can imagine how hard they would be just a small difference in jargon will make it hard.


Im talking qualified lawyers, medical practitioners, engineers, accountants etc from Asian and South American countries trying to pass their IELTS so they can practice here (sometimes this also means further education in their chosen field to comply with Australian standards).
Most have to take on roles outside their field to make ends meet until they pass their IELTS.
Eg - A lot of those cleaners that the general public walk past without a second glance are ridiculously smarter than the person who looks down their nose at them.


Hell Yes.  A hell of a lot of those people that the general public walk past and see as nothing more than a cleaner or menial labourer are way smarter than those who dismiss them as nothing more than something to be looked down upon, as viewed from their very special academic or white collar appointments. Such people quite often take such work rather than feed at the public teat on the dole, I personally know a South Korean who took a job in a local shopping centre as a cleaner despite being worth well over a $million after moving to North Queensland and buying a property that was worth well north of 800 k in value. His reason for immigrating to Australia was to provide a more steady and safer life for his children, he is a well qualified engineer, with a plethora of other qualifications as well such as chemistry and physic's under his belt.
His reason for taking such a menial job was that it earned him a pay packet first off, but that it also helped him 'fit in' and learn the language of Australia in a real way " you learn how to give shit proper". He and his family are quite happy learning how to fit in to our society with his work mates and making real friends instead of having everything served to them on on a platter.

I once asked him if he missed his old life and the stature his job back in south Korea gave him,  the answer was along the lines of 'I miss some friends and some family but life here is actually living and even if I don't get to do what I used to we are much happier here than where we were before'.  He say's he will stick at his current job until his English skills are up to scratch before looking for work that suits his qualifications.

Offline

The following 2 users say thank you for this post: Ipv6Ready, JulieW

#17 2017-03-01 19:45:27

Stoic Phoenix
Silver Stacker
From: little things big things grow.
Registered: 2014-11-12
Posts: 2,952
Trades :   183 
Website

Re: ZH: Millionaire Migrants: Countries That Rich People Are Flocking To

This sums it up nicely.


www.searchnstay.com    ....for all your accommodation needs worldwide

Online

Board footer

Powered by FluxBB