9/8/11
The 9/8/11 edition of the Chicago Sun-Times contains an article on page 3 headlined
“What do rich in China want most? A way out of the country.”
It appears that, as the Sun-Times reports
Among the 20,000 Chinese with at least 100 million yuan ($15 million) in individual investment assts, 27% have already emigrated and 47% are considering it…”
The destination of first choice is, of course, the United States. Last year, nearly 68,000 Chinese born people became legal permanent residents of our country. When asked why he chose to emigrate to the U.S., one Chinese millionaire gave an interesting, if obvious, answer:
“In China, nothing belongs to you. Like buying a house. You buy it but it will belong to the country 70 years later. But abroad, if you buy a house, it belongs to you forever.”
If people with the work ethic and the moxie necessary to accumulate $15mm in investable assets in China want to come to the United States and apply their considerable talents here, things may not be as gloomy here as yours truly has long supposed.
Probably, though, things are indeed as gloomy as yours truly had thought and our future as an economy and as a society remains as dark as ever, despite our being, for a few years anyway, the beacon that draws the talented and dedicated from throughout the world. Why? We’ll manage to eliminate the aspects of American society that make us so attractive to potential immigrants, thus extinguishing the beacon that denotes the shining city on a hill, either in the name of “national security,” if the Republicans are in charge, in the pursuit of “economic justice” if the Democrats are in charge, or just as a result of the decay that accompanies an indifferent, inattentive society consumed with tawdry silliness.
We remain doomed.
Thursday, September 8, 2011
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