7 Countries Expats Are Fleeing Like the Plague (And Where They’re Going)
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- čas přidán 13. 09. 2024
- Why people are leaving places like the UK, Brazil, China, India, and Russia? And why they are moving to places like Dubai?
Why people are leaving London, Sao Paulo, or Moscow?
I examined the latest migration trends to find out where rich expats are moving to (and where these rich are leaving from)! We'll explore the reasons behind this mass exodus, and maybe have a hint of a place among the best countries to move to in 2024.
Curious about why the rich are flocking to Dubai or why people are leaving Hong Kong? This is a must-watch.
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💡 TOPICS IN THIS VIDEO 💡
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🔎 EXCERPT 🔎
Why are successful professionals and retirees packing their bags and leaving certain countries? Which countries rich people are fleeing? And how can their stories be an alert for you?
Recently I came across very interesting data on the countries with the biggest exodus of millionaires. In the top 7, two of them are very curious cases. Today you will discover why people are leaving these countries, and where they are moving to.
Let’s jump straight to the ranking.
Russia
In the first place, the country that lost more millionaires, according to a report from Henley & Partners, is Russia. According to Henley & Partners, Russia had more than 101 thousand high-net-worth individuals.
What is a high net-worth individual? They are the residents with a wealth of USD 1 million or more in investments, not including their own homes. But in a single year, 15 thousand of them left the country.
That is not a surprise at all since this happened already after the invasion of Ukraine and all the sanctions. The fear of asset seizures and increased taxation due to the war effort has made staying in Russia less appealing for the wealthy. In fact, since 2022, many billionaires like Andrei Baronov, Vasily Anisimov, or Ratmir Timashev have even renounced their Russian citizenships and adopted the citizenship of other countries like Cyprus.
*Do you disagree* with the reasons people are leaving any of the countries we mentioned? Let us know here, *the discussion will be interesting* ! For more about London, check this video: czcams.com/video/OJh3xFRiUsw/video.htmlsi=OLyERukHX_kW0YFd For more about Rio in Brazil, check this one here: czcams.com/video/oPhTLFL5Vq0/video.htmlsi=ftZzACo-Hm6GoVjn and about Florianópolis (the Brazilian Florida), check this one: czcams.com/video/Dvt_KRVxbpo/video.htmlsi=JrRwry3U0CmYEEDj
I just think that it is hard to compare Switzerland with the UK because of the size of the country. I mean in terms of insecurity and factors like that. It has always been easier to control a smaller population than a big one. Although it is not always the case. And Switzerland has been neutral for a long time and they don't involve in wars as the UK for example. I also think that rich people are seeing that the UK is getting too expensive for what it really is! I'm just giving my opinion. Even if we compare Germany to Switzerland; Germany will lose in many ways too!
I recently heard someone describe the process of "McDonaldization" of the world, especially appealing touristy old towns. It's easier than ever to live as an expatriate since the global culture is more similar than ever.
where u get these inflow charts
From here: www.henleyglobal.com/publications/henley-global-citizens-report/2022-q3
Very interesting video with the statistics to prove it!
I have a nasty gut feeling that the whole west is stagnating. Culturally mainly, but also the direction the west as a whole is taking is far from what once made it great.
The EU region - despite what people may have heard - has been more or less been standing still with very little economic improvement for the last twenty years. (Only Japan has done worse during those years out of the rich countries.)
It seems USA is next on the chopping block. While it has done far better than the EU it seems it's slowing down. The recent mass immigration into the EU and USA will - regardless of where you stand on that issue - require an enormous tax increase on both sides of the pond.
And to top it off the terrible inflation. The American numbers are in fact much worse than they seem because they changed the measuring system to make things look less bad than they are.
It works like this: The prices of few key materials are measured (fuel, steel, timber and so on and so on) and this determines the average inflation rate. During the end of the Clinton administration they simply removed some of the more volatile things from the list so things looked better.
A practical example of this is when Biden during the tail end of C*vid-19 said the inflation rate was ONLY 6%, it was in fact just under 13% by the tried and true old measuring system. So there is a really good reason the Americans really felt it in their pocketbooks.
Oh well that was a really long rant. Sorry about that. Maybe someone finds it useful.
Keep the videos coming. I like this format! 👍
That was a very good comment. I share many of your impressions. Especially this: "And to top it off the terrible inflation. The American numbers are in fact much worse than they seem because they changed the measuring system to make things look less bad than they are. "
@@the_expat Thank you!