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Author Topic: Capital flight and brain drain  (Read 3769 times)

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Offline Peter3_1

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Capital flight and brain drain
« on: March 08, 2010, 06:41:37 PM »
Well, histore repeats, and this time we lose. I wrote over a year ago that the Obamanation policies as they were shaping up would cause the best and brightesr to go elsewhere with their money and their minds. LWN's, of course, didn't agree, or for that matter, understand what I was talking about.

Were I younger, I might  go home to Israel, d\espite the fact that I have only one Jewish ancestor....and that was before the Civil War......


read:  http://www.reuters.com/article/idUSTRE6274J220100308?feedType=RSS&feedName=domesticNews&rpc=22&sp=true
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Offline Lacarnut

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Re: Capital flight and brain drain
« Reply #1 on: March 08, 2010, 06:48:15 PM »
If health care passes, I will be looking to buy property south of the border and start the process of gaining a second passport. Being an old fart, it's never too late to leave a sinking ship.   
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Offline The Village Idiot

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Re: Capital flight and brain drain
« Reply #2 on: March 09, 2010, 08:12:30 AM »
Quote from: Lacarnut on March 08, 2010, 06:48:15 PM
If health care passes, I will be looking to buy property south of the border and start the process of gaining a second passport. Being an old fart, it's never too late to leave a sinking ship.   

I hope you mean way south of the border, the area just south of the border if a warzone
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Offline Peter3_1

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Re: Capital flight and brain drain
« Reply #3 on: March 09, 2010, 10:37:29 AM »
I was thinking of Honduras, specifically Roatan Islands, being an old SCUBA guy.

http://www.aboutroatanrealestate.com/page.php


Dau. in law is a Honduran, making the way than for the typical GRINGO. But Barry has screwed up our international relationship and I have a health issue.....which may not matter if Obamacare gets passed. Rather die warm and happy than cold and pissed off.
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Offline Lacarnut

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Re: Capital flight and brain drain
« Reply #4 on: March 09, 2010, 05:00:28 PM »
Quote from: FGL on March 09, 2010, 08:12:30 AM
I hope you mean way south of the border, the area just south of the border if a warzone

Yep, way south. Belize, Panama, Ecuador, Dominican Republic, Lake Chapala
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Offline The Village Idiot

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Re: Capital flight and brain drain
« Reply #5 on: March 09, 2010, 09:13:45 PM »
Quote from: Lacarnut on March 09, 2010, 05:00:28 PM
Yep, way south. Belize, Panama, Ecuador, Dominican Republic, Lake Chapala

I have heard good things about Belize
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Offline Chris_

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Re: Capital flight and brain drain
« Reply #6 on: March 10, 2010, 12:20:33 PM »
Quote from: FGL on March 09, 2010, 09:13:45 PM
I have heard good things about Belize

We've pretty much settled on Panama, for a myriad of reasons........taxes, infrastructure, currency, and an excellent healthcare system being the foremost........

doc
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Offline NHSparky

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Re: Capital flight and brain drain
« Reply #7 on: March 10, 2010, 12:22:41 PM »
Quote from: TVDOC on March 10, 2010, 12:20:33 PM
We've pretty much settled on Panama, for a myriad of reasons........taxes, infrastructure, currency, and an excellent healthcare system being the foremost........

doc

Jonn over at TAH said the same thing, but he's also got other ties there.  Also, I'm not sure I'll ever get that kind of money to retire there anyway.
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“Any man who thinks he can be happy and prosperous by letting the government take care of him better take a closer look at the American Indian.”  -Henry Ford

Offline Chris_

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Re: Capital flight and brain drain
« Reply #8 on: March 10, 2010, 12:33:57 PM »
Quote from: NHSparky on March 10, 2010, 12:22:41 PM
Jonn over at TAH said the same thing, but he's also got other ties there.  Also, I'm not sure I'll ever get that kind of money to retire there anyway.

Well....that's the beauty of Panama......you can retire and live like Bill Gates on an income of about $1,300 per month, complete with household staff.......this based on the fact that you have enough funds ($150,000 or so) to pay cash for your principal residence.......

doc

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If you want to worship an orange pile of garbage with a reckless disregard for everything, get on down to Arbys & try our loaded curly fries.

Offline NHSparky

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Re: Capital flight and brain drain
« Reply #9 on: March 10, 2010, 12:36:27 PM »
Quote from: TVDOC on March 10, 2010, 12:33:57 PM
Well....that's the beauty of Panama......you can retire and live like Bill Gates on an income of about $1,300 per month, complete with household staff.......this based on the fact that you have enough funds ($150,000 or so) to pay cash for your principal residence.......

doc



How much is a flight to Panama City from Boston?
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Offline debk

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Re: Capital flight and brain drain
« Reply #10 on: March 10, 2010, 12:40:23 PM »
We've been looking at St Croix...but I'm thinking we should check on Panama from what I've been reading here and other places.
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Just hand over the chocolate...back away slowly...far away....and you won't get hurt....

Save the Earth... it's the only planet with chocolate.

"My therapist told me the way to achieve true inner peace is to finish what I start. So far I've finished two bags of M&M's and a chocolate cake. I feel better already." – Dave Barry

A balanced diet is chocolate in both hands.

Offline Chris_

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Re: Capital flight and brain drain
« Reply #11 on: March 10, 2010, 12:43:48 PM »
Quote from: NHSparky on March 10, 2010, 12:36:27 PM
How much is a flight to Panama City from Boston?

Dunno, but if you qualify for their "retiree" permanent resident visa, you can fly anywhere the state-owned airline flies for peanuts......

Last time I looked, a round trip "pensioner" ticket on Panamanian Airways from Panama City to Chicago-OHare was about $141 (First Class!).......the airline also flies to Dallas/Ft. Worth, Atlanta, and LA.......don't know about Boston.

doc
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If you want to worship an orange pile of garbage with a reckless disregard for everything, get on down to Arbys & try our loaded curly fries.

Offline NHSparky

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Re: Capital flight and brain drain
« Reply #12 on: March 10, 2010, 12:47:13 PM »
It'll be a few years, at least.  Even if I manage to pull up stakes at 62.
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“Any man who thinks he can be happy and prosperous by letting the government take care of him better take a closer look at the American Indian.”  -Henry Ford

Offline debk

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Re: Capital flight and brain drain
« Reply #13 on: March 10, 2010, 12:52:03 PM »
Quote from: NHSparky on March 10, 2010, 12:47:13 PM
It'll be a few years, at least.  Even if I manage to pull up stakes at 62.


A "few" years? Shoot, Sparky ....that "few" is 20 years!  :hammer:
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Just hand over the chocolate...back away slowly...far away....and you won't get hurt....

Save the Earth... it's the only planet with chocolate.

"My therapist told me the way to achieve true inner peace is to finish what I start. So far I've finished two bags of M&M's and a chocolate cake. I feel better already." – Dave Barry

A balanced diet is chocolate in both hands.

Offline IassaFTots

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Re: Capital flight and brain drain
« Reply #14 on: March 10, 2010, 01:07:04 PM »
I love Belize.  I think it is a bit more unstable than Panama, but it sure is pretty.
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Offline The Village Idiot

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Re: Capital flight and brain drain
« Reply #15 on: March 10, 2010, 01:07:17 PM »
how is the coming hyper-inflation going to affect those retirement plans??
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Offline ColonialMarine0431

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Re: Capital flight and brain drain
« Reply #16 on: March 10, 2010, 02:49:04 PM »
I'm not going anywhere. Let THEM leave. I'm gonna stay and fight them. I was born here, and I intend to die here the same as my forefathers.
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Offline Lacarnut

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Re: Capital flight and brain drain
« Reply #17 on: March 11, 2010, 04:16:28 PM »
Quote from: TVDOC on March 10, 2010, 12:33:57 PM
Well....that's the beauty of Panama......you can retire and live like Bill Gates on an income of about $1,300 per month, complete with household staff.......this based on the fact that you have enough funds ($150,000 or so) to pay cash for your principal residence.......

doc



I am retired and probably will buy something in the next 6 months. I am hard of hearing and learning and speaking Spanish might be a problem. Many ex pats in Panama live in Boquete which is away from the beach. Temp. there is a comfortable average of around 75. However, I want to live on the beach which jacks the price above 150 grand. The Dominican Republic have beach condos for less than half that amount. There are so many ex pats from the EU, US and Canada along the beaches, I would not necessarily have to learn much Spanish. D.R. beaches are also much prettier. The housing market has been devastated there so there are bargins galore.
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