Millionaire migration in 2015 [pdf]

Interesting:<p>&gt; In our view , a Brexit w ill not result in an outflow of millionaires from the UK. On the contrary, we believe that wealthy UK citizens are more likely to stay in the UK if there is a Brexit. This view is backed up by the fact that most of the wealthy British people we interviewed voiced concern over the UK’s open border policy with Europe .

Thanks for posting - very interesting read for someone thinking of moving due to, well, changing times...

Frankly I&#x27;m not surprised. Europe really seems to be in deep trouble from rising religious and racial tensions, slowing economy and lack of security. I would indeed emigrate if I had the cash and a wife that wasn&#x27;t completely numb to what goes on in the world.

I&#x27;ve been seriously contemplating it for about a year now: is it the time to abandon Europe and find new life elsewhere? Asking for the honest HN opinion, is the old continent already the sinking ship? On one hand it is comforting to consider that there is ~1000 years of history of civilized Europe behind us, with rich culture, the discovery and development of science and, in general, prosperity. On the other, it took less than a century for the Western Roman Empire to collapse.

Parts of this study seem dubious. Neither &#x27;city&#x27; nor &#x27;millionaire&#x27; is defined. The authors allege that rising religious tensions and a lack of opportunities are to blame for the French millionaire outflow. Is that the whole story? Could the aggressive tax rates and hurdles posed by regulation have more to do with it?<p>Here&#x27;s a fun fact: when Hollande&#x27;s 75% tax rate was announced, waiting lists at some of the more expensive francophone Swiss boarding schools ballooned overnight. Make of that what you will. (NB this tax rate was introduced in 2013 and dropped in 2014.)

why are so many rich people moving to Australia?

Several of my smartest and most ambitious friends have emigrated from London to Aus and Japan. Destinations that have sensible immigration policies, and which have maintained their cultural integrity.<p>A country is not a country without borders. When I emigrate I will choose a country based on its singular culture, and crucially, how well it maintains that culture. Why would I choose a country that&#x27;s right for me now but risks changing in the future when I have kids there?<p>Multi-ethnicity in London is great. Multiculturalism in London is a sickness. No one chooses to move here for &quot;London&#x27;s culture,&quot; because it doesn&#x27;t have an identifiable culture. So people come here expecting to maintain their own culture in a bubble instead, resulting in ghettos, self-segregation and rising tension.

Millionaire means little, if you have 1.0 million @ 4% your below the median US income. In large part this is tracking the migration of retired people.

15%+ of the San Francisco population are millionaires! No wonder this city is outrageously expensive.<p>San Francisco millionaires: 129,000. Population: 837,442 (2013)

Millionaires are fleeing their country to avoid penal liability.<p>I am french, I have read Clinton&#x27;s email, and I think they try to avoid investigations. And some have a lot on their plate.<p>On one hand I think the country will be better without them, on the other one I still hope justice will be made. And I would like the welcoming countries to be aware some millionaires are rich by bending rules.