Rantings and tirades of a frustrated economist.
No, I don't think it's bad. Maybe a bit mean, but not necessarily bad.
The title of your post says it all. I have already chosen the ex-pat path and am more and more glad I did. No one has yet started talking about it, but one almost certain future trend will be the out-migration of retirees from the U.S. and EU in greater and greater numbers. In essence the U.S. takes the young, productive-age workers and cashes in its "empties." For example, two major advantages for the aged in Central America are the accessibility of household help and the low cost/quality ratio of medical care. I recently paid $25 for a visit to a highly trained dermatologist. I won't say how much I pay per month for our 5 days/week maid. And, furthermore, no taxes are levied here on my income so I am only burdened with the federal income tax. Travel and communication to the U.S. is fast, high quality, and cheap. There will be - it's still early - a massive market waiting to be exploited for - for want of a better term - integrated retirement living and care in the near abroad. Big money will be made by those entrepreneurs who see the potential and produce the proper business plan. BTW You have a fine blog; keep with it.
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