21–30 of 135 posts
Earlier quoted context omitted.
Peter Thiel is a crook who conned the New Zealand government into giving him citizenship and then never showed up in the way he said he would. He has no credibility when it comes to immigration. https://www.nzherald.co.nz/indepth/national/how-peter-thiel-...
Not that I agree or disagree, but that is simply an ad hominem attack.
1. Money laundering i.e. How can Chinese government officials embezzle tax money and keep it? Buy real estate overseas and have your family live in them.
2. Tax evasion. Buy real estate overseas and have your family live in them.
The education angle makes sense, but imo it's not the main reason.
Investing 500k costs very little. You'll likely make more money than if you bought Chinese real estate. Even if you have to borrow 500k its only going to cost you ~10-20k a year.
This has always been a common theme in Asia/South East Asia and is nothing new. The biggest barriers are: 1. Money/Income 2. Language. 3. Education. You can't fit in if you don't know the language, or literate. That's what makes Student visas so valuable, because it can give an anchor to an family to move abroad. Education, you can't survive abroad w/o income and this is usually hand in hand w/ a degree. Money, well,…
I would invite you to visit Richmond BC which happens to be majority Asian (on top of my head 72% +) and majority of that Chinese. A Chinese national moving to Richmond would not struggle too much without English language.
Why did you mention literature at all?
Peter Thiel wrote about it back in 2014 in his book, Zero to One. We have a different image of China and China has done a great job posing as next superpower but the reality is very different on the ground. Rich Chinese want to get away from China by paying whatever price they can afford, this is not surprising at all!
China really is the next superpower AND some Chinese are interested in having a lily pad outside China that they can hop to. No conflict between these. Lots of Americans have second passports, including Peter Thiel.
Thus, as with other countries that don't allow dual citizenship (e.g., Japan, India, Austria, Malaysia, Singapore) getting another nationality is probably a stronger exit signal.
Of course, most schemes start by giving permanent residency, which is different and sort of the best of both worlds.
Peter Thiel wrote about it back in 2014 in his book, Zero to One. We have a different image of China and China has done a great job posing as next superpower but the reality is very different on the ground. Rich Chinese want to get away from China by paying whatever price they can afford, this is not surprising at all!
China really is the next superpower AND some Chinese are interested in having a lily pad outside China that they can hop to. No conflict between these. Lots of Americans have second passports, including Peter Thiel.
It's also an easy vector for foreign states to become 'addicted' to investment money generated from their industrial base and I.P. 'borrowing.'
Earlier quoted context omitted.
Peter Thiel is a crook who conned the New Zealand government into giving him citizenship and then never showed up in the way he said he would. He has no credibility when it comes to immigration. https://www.nzherald.co.nz/indepth/national/how-peter-thiel-...
Not that I agree or disagree, but that is simply an ad hominem attack.
The comment is definitely off topic and doesn’t add anything to the discussion, however.
One solution to this is to improve the visa situations for Chinese nationals. If it weren’t such a pain to travel to western countries with a chinese passport there may be less demand for these foreign residency schemes.
Earlier quoted context omitted.
My belief has always been foreign capital (speculation) is bad, but immigration is good. So if you want to move here and bring all that foreign capital great! If you want to speculate or park money in Canadian real estate (empty houses and condos) that's really bad for the locals. It never should have been allowed.
The reason why the Feds ended their version of an investor immigration scheme is because a study found that refugees ended up paying more in income taxes than investor immigrants lmao. So yeah immigrants are great, but it has been abundantly clear that the rich persons buying citizenship are doing so just to have a passport of convenience and buy land as a safe investment and the gains for the rest of Canadian societ…
Citation?
I mean, presumably there's a citable study out there somewhere.
That immigrants in general pay in more taxes sounds plausible. That refugees are a greater net positive (taxes in minus benefits out) than investors, who are basically all wealthy enough to use minimal government services, seems like a stretch.
Earlier quoted context omitted.
My belief has always been foreign capital (speculation) is bad, but immigration is good. So if you want to move here and bring all that foreign capital great! If you want to speculate or park money in Canadian real estate (empty houses and condos) that's really bad for the locals. It never should have been allowed.
The reason why the Feds ended their version of an investor immigration scheme is because a study found that refugees ended up paying more in income taxes than investor immigrants lmao. So yeah immigrants are great, but it has been abundantly clear that the rich persons buying citizenship are doing so just to have a passport of convenience and buy land as a safe investment and the gains for the rest of Canadian societ…