Howestreet.com - the source for market opinions

ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION

April 8, 2016 | Millionaires Migrate to USA

Martin Armstrong

Martin Arthur Armstrong is the former chairman of Princeton Economics International Ltd. He is best known for his economic predictions based on the Economic Confidence Model, which he developed.

Migration to USA

The United States of America is emerging as a top tax haven after beating Switzerland, the Cayman Islands, and Panama. You can have secrecy in the USA and states such as Delaware, Nevada, South Dakota, and Wyoming are now competing with each other to provide foreigners with the secrecy they need. However, many are now just migrating to the States. Some 3,000 millionaires from Greece; 10,000 millionaires from France; 6,000 millionaires from Italy; 2,000 millionaires from Spain, and about 2,000 millionaires from Russia have all migrated to the USA. The trend is picking up momentum as tensions between Muslims and Christians rise throughout Europe. After the revelation of the Panama Papers, in which Americans were named the least, the trend is now picking up speed

STAY INFORMED! Receive our Weekly Recap of thought provoking articles, podcasts, and radio delivered to your inbox for FREE! Sign up here for the HoweStreet.com Weekly Recap.

April 8th, 2016

Posted In: Armstrong Economics

One Comment

  • Avatar Fred Roberts says:

    Those millionaires might end up learning it’s easier to immigrate to the US than emigrate from the US..

    Doug Casey points out how the US gov treats its citizens as milk cows, or when things get tough, as beef cows.

Post a Comment:

Your email address will not be published. Required fields are marked *

All Comments are moderated before appearing on the site

*
*

This site uses Akismet to reduce spam. Learn how your comment data is processed.