If things get crazy in the US, would you emigrate? Where to?
Sixstrings wrote: Whereas whether they realize it or not, I think Oz is very well positioned...
Sixstrings wrote:No I don't have a million bucks.
I guess I'm getting the same feeling some were in the Bush years when they talked about heading for Canada and not looking back.
Would just be nice to live in a growing country, a country with sane rational government. A place where they don't talk about abandoning the elderly, denying them medication or tossing them out of the nursing home, all because of millionaire and billionaire greed.
Would be nice to live in a country where they can get a bridge built, stuff like that.
Or if one has to live amid doom and decline, why not make an adventure of it and experience another culture? I could teach English in Japan or China, or a poor eastern European country. It would be a poor lifestyle but at least interesting and something different.
Just a thought.
Quinny wrote::roll:
Australia Inc is booming - so why the long faces and the long knives?
A curious thing is afoot in Australia: pessimism that's wildly at odds with the facts.
Looked at from almost any angle, the nation of 22 million is on a tear. Unemployment is 4.9 per cent, wages are rising about 4 per cent a year, consumer prices are advancing about 3 per cent and interest rates have been steady all year. Policymakers in Europe, Japan and the US would kill for those numbers.
(snip)
Sure, Australia has its share of challenges. It must invest more in infrastructure and education, and figure out what to do with the spoils from the epic resources boom that has pitted Western Australia against the rest of the nation, which faces slower growth.
These are good problems to have at a time when Europe is on course for default. Since the 2008 financial crisis, US and European policymakers have done little to fix the underlying problems that caused the meltdown.
http://www.smh.com.au/business/australia-inc-is-booming--so-why-the-long-faces-and-the-long-knives-20110729-1i404.html
cephalotus wrote:Sixstrings wrote: Whereas whether they realize it or not, I think Oz is very well positioned...
At least until 1,3 billion Chinese will decide that they need to "free" Australia and take the land and the resources for their own needs and at least until the climate doesn't change to much...
In the 2000-01 financial year, the United States accounted for 45 per cent of all foreign investment in Australia, including real estate.
The UK was next, followed by Germany and Canada.
The US and the UK remained our top investors in 2009-10, but China had moved into third place, investing $16.3bn for an 11.7 per cent share. The previous year it had invested $26.6bn, second only to the US, and had a 15.9 per cent share.In that year the Chinese were the biggest single foreign investors in the Australian resources sector, with virtually all of the money poured into the country going into mining and energy.
This is what Teddy Roosevelt, a leading proponent of the estate tax, said in 1910. "The absence of effective state, and, especially, national restraint upon unfair money-getting has tended to create a small class of enormously wealthy and economically powerful men, whose chief object is to hold and increase their power. The prime need is to change the conditions which enable these men to accumulate power which is not for the general welfare that they should hold or exercise.… Therefore, I believe in a…graduated inheritance tax on big fortunes, properly safeguarded against evasion and increasing rapidly in amount with the size of the estate." And that's what we've had for the last ninety-five years—until 2010.
It looks crazy to them? For the record, it looks pretty nutty to me too.Sixstrings wrote:Regardless, the rest of the world is starting to wonder if the US is having a nervous breakdown. They don't understand this. They don't understand the Tea Party. It all looks crazy to them.
ian807 wrote:As for us, the people, I don't think we're even on anybody's radar at that level.
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