Comments by "Doncarlo" (@doujinflip) on "Millionaire Exodus!" video.

  1. America’s “temporarily embarrased millionaire” libertarians pitch for the same, thinking a competent government can be somehow achieved without public spending or vital reliance on foreign markets.
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  2. AED is pegged to USD, so it’s a straightforward way to launder dirty or overvalued currency into one that’s more respectable 💱
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  3. Depends on point of view: expat to the donor country, immigrant to the receiver. Either way still a migrant.
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  4. Because the value-added from tech is outpacing the fall from everything else. It’s been that way since PCs started replacing typewriters, and it shows in the growing divide between productivity and wages.
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  5. At least until globalization slows down and you find these city-states literally cannot afford to live let alone remain safe without vital cheap imports from abroad.
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  6. That advantage doesn’t necessarily last forever though, and switching costs are a real concern depending on how quickly jurisdictions can change policies.
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  7. If anything African millionaires moves their assets out to places like Dubai, Europe, or America as fast as practicable. At least that’s what I noticed and heard about while I lived there.
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  8. We’re not very good at choosing the “merits” though. Being too selective for high-earning college-educated professionals can make the hosting community more expensive, inconsiderate, and artistically bland as the place gentrifies and homogenizes.
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  9. Funny how the places the rich concentrate on are Five Eyes states, or those that rely on visible US military presence… and the list of aspiration for ultimate residence isn’t too different for the less well-off. If the movement of people and their wallets count as votes, it’s clear that the Western “pole” is by far the only one worth pointing towards.
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  10.  @IshmaelPrice Just shows how deeply laissez-faire libertarian the US already is despite all its complaints about “high taxes”.
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  11. Probably because Russian oligarchs discovered it’s way easier to exchange Rubles into Dollar-pegged Dirhams that it is into Pounds Sterling 💱
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