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by anovikov 140 days ago
Question is - why would anyone with cash immigrate to US? Doing business there does not require citizenship. What is it more than doing business that attracts people if one has a citizenship of just about any first world country? I mean, America is about making money, but those people already have money, what else? Citizenship for kids? Just give birth in US. Question again, is why. Top concern for the rich is taxes. US is unique by forcing people to pay taxes even if they live abroad full time as long as they hold citizenship. Why then?
3 comments
petesergeant 139 days ago
Higher salary jobs and some very attractive nature. I have chosen _not_ to move there despite those.
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anovikov 139 days ago
People with cash don't work for salary. You can travel without citizenship too.
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logicchains 139 days ago
If you're rich America is one of the safest places in the world: you can access the best hospitals in the world and well-armed private security. Citizenship means you can't suddenly be kicked out for expressing your political views.
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anovikov 139 days ago
But there's absurd amount of crime... Best hospitals, true, but Israel has same or better ones and they are much cheaper too. Which again isn't a valid reason to live there let alone not to get citizenship.

For any kind of acute/emergency care, you don't need "best" hospitals, just good ones are fine. For more complex conditions, you can always travel for treatment/live temporarily.

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logicchains 139 days ago
Israel's at very real risk of being hit by a neighbouring country's rocket, which is extremely unlikely to happen to the US. And the crime in the US isn't in the places where very rich people live.
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NotGMan 140 days ago
Buy borrow die.

It's possible it exists in other countries, I don't know that.

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anovikov 139 days ago
It exists everywhere, why not? Apart from countries with wealth tax but these are rare exceptions.

As for taxation of income derived from business, these are either completely or mostly tax-exempt in many EU countries (Cyprus, Malta, Greece for 100K a year, Italy for 300K a year, Spain if you do a lot of paperwork, Portugal in some places, probably there's more). There's no US equivalent.

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