[Cowboy Bob]

“American Dream”, or the “Free Ride”?

[SeekAndFind]

And here’s a conflicting report:

China’s richest keep firm eye on exit door

http://www.atimes.com/atimes/China_Business/MK11Cb01.html

EXCERPT:

China’s richest keep firm eye on exit door
By Olivia Chung

HONG KONG - “Get rich - then get out” is the life message being grasped by China’s wealthiest citizens two decades after former leader Deng Xiaoping supposedly declared that “to get rich is glorious”.

About 60% of rich Chinese people intend to migrate from China, according to a report jointly released by the Hurun Report, which also publishes an annual China rich list, and the Bank of China. A separate study by US-based Bain & Company and China Merchants Bank in April of 2,600 high-net worth individuals - those who hold more than 10 million yuan (US$1.6 million) in individual investable assets (excluding primary residences and assets of poor liquidity) - found that about 60% of those interviewed had completed immigration applications to other countries or had plans to do so.

About 14% of the rich Chinese people, each of whom has a net asset of more than 60 million yuan, said they had either already moved overseas or applied to do so, according to the Hurun findings, which were based on one-on-one interviews with 980 rich Chinese people in 18 mainland cities from May to September.

Another 46% said they planned to emigrate within three years, variously citing higher-quality education available for their children overseas, better healthcare, concerns about the security of their assets on the mainland and hopes for a better life in retirement.

The most favorable destinations by rich Chinese is the US, with 40% of respondents claiming it was their first choice, followed by Canada and Singapore. Encouraging them in their quest, the United States continues to lower its threshold for businesspersons’ immigration.

[RitchieAprile]

These are workers and wealth creators. Not freeloaders.

This is our loss, China’s gain.

Of course if you hate Asians, thats a different story.

[douginthearmy]

If people don’t want to be here they can leave and no love lost. But your statement is a combination of dumb and even if it weren’t a stupid thing to say is incorrect. The “Free Ride” has only gotten easier to obtain, so if these Chinese were looking for a free ride they would stay.

[skeeter]

In all fairness, the Chinese typically make their own living here. Most Chinese around here were willing to come to the US and they expected to work hard, but they expected to prosper.

For the past decade they've been hearing stories about family and friends making a better living in China, which seems pretty much like an economic free for all compared to the tightly controlled business climate here.

IMO if you aren't with the USA for better or worse we're better off without you. So I see this as a winnowing of the citizenry.