Why do wealthy people in the United States don’t come to China, while rich people in China immigrate to the United States?Because, in the United States, as long as you have money, you are really people, the police protect you like clothes and food parents.
"The United States is the ultimate safe haven for the rich. Is this really so magical?"
By 2025, it is estimated that 14.2 thousand millionaires worldwide will migrate across countries.
Among these migrants, China is one of the major countries with net outflow, and many rich people send their "homes" to the United States, Canada and Europe. The real motivation behind this is far more complicated than tax evasion and asset transfer.
In the past few years, the wave of Chinese wealthy immigrants has not stopped. In 2024, according to public data estimates, 15,000 million-dollar Chinese wealthy people moved out of China.
More and more people are choosing to transfer most of their assets abroad and move their identities, children, and lives to places with freer capital and more stable systems.
Many people prefer the United States, and for the wealthy people, the biggest fear is not the high tax rates, but the frequent changes in legal rules and unreliable rights.
He bought houses, set up trusts, registered companies in the United States, isolated the asset layer, and once the domestic policy wind changes, most of the assets can still land safely.
Education and medical care have almost become items that must be considered. Famous schools and good hospitals in China have high thresholds and scarce resources.
With American status, it is much more convenient for children to go to college and see a doctor.
In the United States, the channels for financing, listing, and multinational mergers are more mature, and wealthy people are more likely to “push” money to make greater profits.
There is also a sense of psychological security. In a sense, what they buy with money is not only asset protection, but also "future predictability".
But immigration is by no means “an uncomfortable move of identity”, language and cultural barriers, social adaptation, the complexity of tax laws, and the separation of families, all of which are a real cost.
Worse, the so-called “privileges” are not forever valid, and new policies, international tensions, and regulatory upgrades could all fail the seemingly solid arrangements.
After saying this "go away" trend, we have to look back at why the wealthy Americans rarely stack up to the East?
American rich people live in a relatively transparent environment all the year round, and they are accustomed to stable rules and checkable procedures.
In Chinese society, "relationship networks", "policy dividends", "geographic resources" these things are deeply rooted, not very suitable for deep integration, and in China to do big business, make big money can be, but to move the center of life, identity past?
Another thing is that the wealthy Americans invest a lot in China, but they take the market as a battlefield, not China as a “home”, they fear most is the exposure of assets in China, the legal path is not accessible, interests are abducted.
Moreover, in the United States, the legal protection, privacy protection, and tax planning tools they enjoy are difficult to replicate in China.
Looking at these two types of lotteries “transnational migration”, we have to ask one question: is this “buy privilege” or “buy certainty”?
The so-called privilege is a short-term transaction after weighing and can be added or subtracted. However, the stability of the system and the predictability of the rules far exceed the value of temporary privileges for high-net-worth people.
But this migration is not zero-risk gambling, and many data indicate that the migration of the wealthy is actually small, representing only a very small percentage of all the wealthy.
For ordinary people, this is not only about how wealthy people “move”, but also maps the gaps in the system’s roots and sense of security.
If society cannot give most people basic "predictable rules" and allow everyone to gain dignity in the rule of law system, wealth, talent and trust may gradually drift out.
Therefore, the future will not be a one-way flow pattern, and it is possible to form a "global layout and two-way return" strategy.
If China can do a really good job in financial opening, capital liberalization, rule of law building, and property rights protection, it may be able to retain some of the capital that “wants to go.”
Even if we can't keep all the extremely rich people, we can make the overall environment attractive to more people.
In this era, buying security with money is no longer the preserve of local tyrants.
If a society can't make every citizen feel the fairness and predictability in front of the rules, then this "social contract" will eventually be torn by wealth.
Capital can flow across countries, but trust once lost is harder to recover than money.
"The United States is the ultimate safe haven for the rich. Is this really so magical?"
By 2025, it is estimated that 14.2 thousand millionaires worldwide will migrate across countries.
Among these migrants, China is one of the major countries with net outflow, and many rich people send their "homes" to the United States, Canada and Europe. The real motivation behind this is far more complicated than tax evasion and asset transfer.
In the past few years, the wave of Chinese wealthy immigrants has not stopped. In 2024, according to public data estimates, 15,000 million-dollar Chinese wealthy people moved out of China.
More and more people are choosing to transfer most of their assets abroad and move their identities, children, and lives to places with freer capital and more stable systems.
Many people prefer the United States, and for the wealthy people, the biggest fear is not the high tax rates, but the frequent changes in legal rules and unreliable rights.
He bought houses, set up trusts, registered companies in the United States, isolated the asset layer, and once the domestic policy wind changes, most of the assets can still land safely.
Education and medical care have almost become items that must be considered. Famous schools and good hospitals in China have high thresholds and scarce resources.
With American status, it is much more convenient for children to go to college and see a doctor.
In the United States, the channels for financing, listing, and multinational mergers are more mature, and wealthy people are more likely to “push” money to make greater profits.
There is also a sense of psychological security. In a sense, what they buy with money is not only asset protection, but also "future predictability".
But immigration is by no means “an uncomfortable move of identity”, language and cultural barriers, social adaptation, the complexity of tax laws, and the separation of families, all of which are a real cost.
Worse, the so-called “privileges” are not forever valid, and new policies, international tensions, and regulatory upgrades could all fail the seemingly solid arrangements.
After saying this "go away" trend, we have to look back at why the wealthy Americans rarely stack up to the East?
American rich people live in a relatively transparent environment all the year round, and they are accustomed to stable rules and checkable procedures.
In Chinese society, "relationship networks", "policy dividends", "geographic resources" these things are deeply rooted, not very suitable for deep integration, and in China to do big business, make big money can be, but to move the center of life, identity past?
Another thing is that the wealthy Americans invest a lot in China, but they take the market as a battlefield, not China as a “home”, they fear most is the exposure of assets in China, the legal path is not accessible, interests are abducted.
Moreover, in the United States, the legal protection, privacy protection, and tax planning tools they enjoy are difficult to replicate in China.
Looking at these two types of lotteries “transnational migration”, we have to ask one question: is this “buy privilege” or “buy certainty”?
The so-called privilege is a short-term transaction after weighing and can be added or subtracted. However, the stability of the system and the predictability of the rules far exceed the value of temporary privileges for high-net-worth people.
But this migration is not zero-risk gambling, and many data indicate that the migration of the wealthy is actually small, representing only a very small percentage of all the wealthy.
For ordinary people, this is not only about how wealthy people “move”, but also maps the gaps in the system’s roots and sense of security.
If society cannot give most people basic "predictable rules" and allow everyone to gain dignity in the rule of law system, wealth, talent and trust may gradually drift out.
Therefore, the future will not be a one-way flow pattern, and it is possible to form a "global layout and two-way return" strategy.
If China can do a really good job in financial opening, capital liberalization, rule of law building, and property rights protection, it may be able to retain some of the capital that “wants to go.”
Even if we can't keep all the extremely rich people, we can make the overall environment attractive to more people.
In this era, buying security with money is no longer the preserve of local tyrants.
If a society can't make every citizen feel the fairness and predictability in front of the rules, then this "social contract" will eventually be torn by wealth.
Capital can flow across countries, but trust once lost is harder to recover than money.