You mean unlike, say, the hundreds of thousands of Indians who have moved to the United States to become American citizens, raise American children, and die on American soil? We think nothing of people forsaking their homelands to move to the United States. You missed the point completely. The original poster was pointing out that when people immigrate to the U.S. from India, their income in the U.S. is an order of magnitude larger than it is back home. I know several Indians that have worked in the U.S. over the past 10 years that could go back to India and retire comfortably, if they chose to. For whatever reason, they prefer to stay in the U.S. (at least the immigrants I've worked with).
U.S. citizens going the other way see a decrease of an order of magnitude - meaning that they would have a hard time saving enough to survive if they came back.
The real problem is that globalization is deflationary to the U.S., but given the highly leveraged credit situation most Americans find themselves in, we will do anything to avoid it.
Slashdot Mirror
The parent poster is wrong. Many people rent properties where they are cash flow negative, betting on appreciation for profit.
You mean unlike, say, the hundreds of thousands of Indians who have moved to the United States to become American citizens, raise American children, and die on American soil? We think nothing of people forsaking their homelands to move to the United States.
You missed the point completely. The original poster was pointing out that when people immigrate to the U.S. from India, their income in the U.S. is an order of magnitude larger than it is back home. I know several Indians that have worked in the U.S. over the past 10 years that could go back to India and retire comfortably, if they chose to. For whatever reason, they prefer to stay in the U.S. (at least the immigrants I've worked with). U.S. citizens going the other way see a decrease of an order of magnitude - meaning that they would have a hard time saving enough to survive if they came back.
The real problem is that globalization is deflationary to the U.S., but given the highly leveraged credit situation most Americans find themselves in, we will do anything to avoid it.