MDKrinkles
100+ Head-Fier
- Joined
- Dec 2, 2015
- Posts
- 113
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- 283
Me when I’m lying.You cope. Tired of all the whining from people who never said anything about the fact that China has had tariffs on the United States since they were first allowed to join in world trade. They are a communist/dictatorial country with horrendous crimes against humanity, and they steal everyone’s intellectual property and patents, including from their own companies, but none of that matters so long as you get your audio toys on the cheap.
Trump is doing what his spineless and mentally-impaired predecessor was incapable of doing.
-Yes, a significant number of Chinese billionaires and high-net-worth individuals (HNWIs) are indeed leaving China, driven by a combination of economic and political factors, according to reports and investment migration firms like Henley & Partners. The number of billionaires in China has decreased, and the country is expected to see a record exodus of high-net-worth individuals in 2024.
Reasons for the exodus:
- Economic concerns:
Slowing growth, high youth unemployment, and a collapsing real estate market are major factors driving wealthy individuals to seek alternatives.
- Political and social pressures:
Crackdowns on the private sector, including tech companies and financiers, and a tightening of political control are also pushing some to leave.
- Restrictions on freedom and movement:
Concerns over the erosion of freedoms and the increasing difficulty of leaving the country are also contributing to the trend.-
Tariffs won’t bring back an FDR economy. Making iPhones in a factory in Iowa isn’t going to magically bring back the American dream of working in a factory and having that single income afford you a home and a shiny automobile.
We use subsidies to make CEO pockets fatter, China uses subsidies to make products more affordable and create massive and effective public infrastructure and social safety nets.
So again, cope harder.
Random edit: “record exodus expected in 2024” my brother in Christ do you know what year it is?
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