The Rich Are Moving More Money Overseas
18th May 2011
If there is one overwhelming investment trend among the American rich, it is capital flight.
Rather than investing in the U.S., they are putting more and more of their money abroad.
Gee, I wonder why?
May 19th, 2011 at 11:11
Corporations (including the last 2 I’ve worked for) are doing the same. They see no growth in the US market and brutal taxes being thrust on them to address the staggering deficit. Capital projects with a 400% ARR in the US are being rejected for funding. How many projects come up that can beat that rate? Not many.