Capital FLIGHT is where money, talent and labor FLEES a country in fear of confiscation or taxation in hopes of finding greener economic pastures.
However, no term has ever been created to describe where a country's political action SCARES AWAY would-be investors and immigrants...until now!
Therefore, I, Aaron Clarey, on this November the Tenth of 2012 coin a new term that shall forever be recorded and used in the economic textbooks of the future-
From SDA (Canadian)
My wife and I recently retired. For the past few years we have been
considering moving south to enjoy retirement. I have always admired the
American people and looked forward to being among them. Four years ago
we were rather taken aback by Obama's win but considered it a "one off"
and that things would get back to normal in a few years.
Last Tuesday's results made up our minds. We are giving up any hope of
moving to the US in the near future. We aren't rich by any means but we
have sufficient funds to live well and support ourselves in a very
reasonable manner. Quite frankly, we are scared at what the USA has
and in what direction it is going. Canada has been good to us but we
felt that living in the US would better fit our desires in retirement.
We are staying put. This country has a lot more going for it than the
USA at this time in our lives. We'll put up with the winters and all.
It is so very sad what has happened to the USA in so few years.
I told you I had SAEG (TM)