
Wealthy Chinese Are Leaving Their Country: Is It the Beginning of the End for China?
deBrice
2012/08/09 23:00:00
|
|
|||||
|
168 votes
|
|
35% | |||
|
318 votes
|
|
65% | |||
For the first time, the budget of China is in deficit, as the capital exiting the mainland exceeded $100 billion, leaving the country with a deficit of $11 billion -- which is still under 0.5% of China's internal reserve.
The “Hurun Report,” which keeps tracks of China's wealthy citizens, announced that 16 percent of China's rich already left the country and they expect this number to grow as 44 percent intend to do the same very soon. Is socialism not attractive enough to wealthy people? And does this news mark the beginning of the end for China?
ECONOMIST.COM reports:

The “Hurun Report,” which keeps tracks of China's wealthy citizens, announced that 16 percent of China's rich already left the country and they expect this number to grow as 44 percent intend to do the same very soon. Is socialism not attractive enough to wealthy people? And does this news mark the beginning of the end for China?
ECONOMIST.COM reports:
MAINLAND China can now boast over 1m wealthy citizens (qianwan fuweng) each with over 10m yuan ($1.6m), says the latest edition of the 'Hurun Report.'

Read More: http://www.economist.com/node/21559949?utm_source=...
Top Opinion
-
FanOreilly 2012/08/09 23:45:28






















lol :) you think and therefor you are alive! Thank you! Yay for ACTIVE NON COMPLIANT intelligence!
ALL CRIMINALS WELCOME HERE!
http://www.informationclearin...
The one who is clueless is in question.
Nowhere has Romney indicated that he would raise taxes in the poor and the middle class. That is left wing propaganda, and you have fallen for it. You probably believe the "Romney killed my wife" ad as well, which was a complete lie, even rebuked by the N.Y. Times and CNN, both in the tank for Obama.
When Romney was governor of Mass., he was confronted with a 3 billion dollar deficit. He worked with a Democratic legislature and when he left the office, there was a 600 million dollar surplus...and it was accomplished without raising taxes on anyone.
Where did all the money come from? All fees, such as auto license and marriage license fees, most of which had never been raised in over two decades were raised to the average national level....and state spending was cut....simple, but effective solutions.
Romney Care? ... big mistake. He should have followed the same principles we use in Texas with CareLink; but remember, he was working with a Democratic legislature. The current Democratic governor, Deval Patrick, after having abrogated many of Romney's policies, is in financial trouble again.;
A REAL American is one who is self-reliant, hard working, independent, and successful....It's getting difficult to find such people today.... and if you think that they are wanting to have their hard earned wealth taxed and thrown away on frivolous government spending and given to those who refuse to earn their own way, welfare for single mothers with four kids, a limestone museum in Idaho, etc., etc., etc., you are absolutely delusional. Many in my family have already left our shores, and I will be soon to follow. This is no longer the home of the free and if you are wealthy, you have got to be out of your cotton-picking mind to stay here.
The people who still believe that we have freedom in America are so blind it's pathetic. Do they really think the Patriot Act and NDAA 2012 were passed to protect the citizens? They were passed to protect the government when this house of borrowed money collapses.
For those who call self preservation a lack of patriotism, just remember why this country was populated by immigrants in the first place. Remember that we fought the Revolution to gain freedom from "taxation without representation". The people of America have their heads buried so far in the sand it's pitiful.
Many are going to wait too long to try to leave and they will be denied. The IRS has already strong armed every bank in the world into being their spies and tax collectors. Most don't know this, but if you denounce your citizenship, you will be taxed approximately 50% of your total net worth as a penalty for leaving America. One way or another, they are going to get your money.
Land of the free and home of the brave? Not hardly.