Wednesday, February 25, 2009

Yes, You Can Run Away From Your Problems

Is it bad of me to take joy in watching these people lose their cars?

Eh, who knows. Maybe Dubai will start an immigration campaign to recruit overtaxed, productive Americans.


Anonymous said...

No, I don't think it's bad. Maybe a bit mean, but not necessarily bad.

johnsal said...

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.