Just what we need, more fucking rich people.
Just think of all the thousands of dollars of extra tax revenue.
hundreds
Dozens
And think about how that tax revenue gets spent on weapons and not healthcare.
(Given those millionaires were able to circumvent China’s strict capital controls. Even if some of them did I’m sure they’d find a way of circumventing taxes in their new host country also)
Please keep them, we don’t need more millionaires.
Better millionaires than billionaires.
What is wrong with being a millionaire?
China saw the world’s biggest outflow of high-net-worth individuals last year and is expected to see a record exodus of 15,200 in 2024, dealing a further blow to its economy, a new report says.
It’s interesting how through the neoliberal lens this looks like “a blow” to their economy. But from a Keynesian or MMT lens, China doesn’t need high net worth individuals to drive the economy. Public investment can and has done this in China as well as many other parts of the world.
From another angle, letting high net worth individuals flee, could reduce apparent wealth inequality in China.
The article doesn’t mention it, but it’s also difficult to bring their money with them due to strict transfer limits. China is shedding its parasite class, and the leeches are migrating to their natural environment.
China is shedding its parasite class, and the leeches are migrating to their natural environment.
unfortunately; it means they’re coming here
Come to the Corporatocracy Haven! Milk it’s juicy population and be Free™.
Don’t let the door hit you on the way out, gusanos.
Problem is, people like that tend to be the driving force in aggressive rhetoric against their former homeland
they would anyway. no point in catering to them.
