Inflation would help an immigrant if they were converting their money from dollars every month. When the dollar rises versus the local currency you have more local currency to spend. Inflation only hurts you if you keep your money illiquid and in local currency.
Yeah, and don’t forget, they won’t give up citizenship, because they will keep that safety net, despite railing against paying for it. They come back for the last 10-20 years of their life because that “low cost of living” country they are moving to won’t be a good deal when they are old.
Article could just be “Canadian business owner retires in Barbados”
And perpetuates the same cycle of wealth inequality they claim to want to leave by bringing all their wealth to a poor country.
They are leaving it and bringing it to another country where they aren’t the bottom of the totem pole
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Inflation would help an immigrant if they were converting their money from dollars every month. When the dollar rises versus the local currency you have more local currency to spend. Inflation only hurts you if you keep your money illiquid and in local currency.
Yeah, and don’t forget, they won’t give up citizenship, because they will keep that safety net, despite railing against paying for it. They come back for the last 10-20 years of their life because that “low cost of living” country they are moving to won’t be a good deal when they are old.