ZH: Millionaire Migrants: Countries That Rich People Are Flocking To

Discussion in 'Markets & Economies' started by Dogmatix, Feb 28, 2017.

  1. Dogmatix

    Dogmatix Active Member

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  2. Dogmatix

    Dogmatix Active Member

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    It would seem our supposedly high taxation rates aren't that much of a deterrent?
     
  3. southerncross

    southerncross Well-Known Member Silver Stacker

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    Taxation is a small consideration when your country and culture is being overrun by a self inflicted danger.


    [youtube]http://www.youtube.com/watch?v=kPtNON6sHXw[/youtube]
     
  4. JulieW

    JulieW Well-Known Member Silver Stacker

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    I'd bet that "structures" are in place for that issue.
     
  5. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Did you miss this bit when you posted?

    [​IMG]
     
  6. willrocks

    willrocks Well-Known Member Silver Stacker

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    Bloody French!
     
  7. bordsilver

    bordsilver Well-Known Member Silver Stacker

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    France is going well.
     
  8. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    How many are really relocating, does a person applying and getting business immigration visa into Australian need to reside here?

    I know in many cases buying well run franchises, installing a manager and the bread winner going back, with just mums and kids staying for schooling.

    Ie buy a home, local schooling fees rather than overseas school fees etc.

    After graduation the family are dual citizens.

    Can't speak for other nationalities but that is the case for many Koreans. Also other than farmers who became millionaire by selling their farm (so they have to set up life again), business people or high ranking office workers would find it very very hard or almost impossible to get a similar paying job in Australia due to language barrier.

    Doctors, lawyers and engineers would find it next to impossible. I don't think there is one Korean educated doctors who would pass an English equivalency test.

    I would say it might be similar for many non English speaking countires.
     
  9. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

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    I've helped overseas students study for these...I don't think most Australians could pass it.
     
  10. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    ^^ not saying that is the case for all Korean immigrants, but for multi millionaires I would say it fits the bill.

    And likely similar for china.
     
  11. Skyrocket

    Skyrocket Well-Known Member Silver Stacker

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    Don't understand why many millionares are flocking to the US?
     
  12. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    I'm talking about qualified doctors that are practising in Korea not students studying to become one here

    Ie if youre a specialist or even a gp in Korea, migrating to Australia would mean looking for a new career

    Or are you implying there are qualified/certified doctors from overseas trying?
    If so I can imagine how hard that would be, just a small difference in jargon would make it hard.
     
  13. whinfell

    whinfell Well-Known Member Silver Stacker

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    To make money :p
     
  14. Skyrocket

    Skyrocket Well-Known Member Silver Stacker

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    Not if the USD collapses.
     
  15. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

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    Im talking qualified lawyers, medical practitioners, engineers, accountants etc from Asian and South American countries trying to pass their IELTS so they can practice here (sometimes this also means further education in their chosen field to comply with Australian standards).
    Most have to take on roles outside their field to make ends meet until they pass their IELTS.
    Eg - A lot of those cleaners that the general public walk past without a second glance are ridiculously smarter than the person who looks down their nose at them.
     
  16. southerncross

    southerncross Well-Known Member Silver Stacker

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    Hell Yes. A hell of a lot of those people that the general public walk past and see as nothing more than a cleaner or menial labourer are way smarter than those who dismiss them as nothing more than something to be looked down upon, as viewed from their very special academic or white collar appointments. Such people quite often take such work rather than feed at the public teat on the dole, I personally know a South Korean who took a job in a local shopping centre as a cleaner despite being worth well over a $million after moving to North Queensland and buying a property that was worth well north of 800 k in value. His reason for immigrating to Australia was to provide a more steady and safer life for his children, he is a well qualified engineer, with a plethora of other qualifications as well such as chemistry and physic's under his belt.
    His reason for taking such a menial job was that it earned him a pay packet first off, but that it also helped him 'fit in' and learn the language of Australia in a real way " you learn how to give shit proper". He and his family are quite happy learning how to fit in to our society with his work mates and making real friends instead of having everything served to them on on a platter.

    I once asked him if he missed his old life and the stature his job back in south Korea gave him, the answer was along the lines of 'I miss some friends and some family but life here is actually living and even if I don't get to do what I used to we are much happier here than where we were before'. He say's he will stick at his current job until his English skills are up to scratch before looking for work that suits his qualifications.
     
  17. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

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    This sums it up nicely.

    [youtube]http://www.youtube.com/watch?v=CZd8sDquNYw[/youtube]
     

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