Contrary to popular belief, rich people in the USA are not the ones who are more likely to relocate to DR. It is the middle class.
Rich people in the USA are well off. They pay the least in taxes. They can have all types of services readily available for them and they can easily afford the high cost of living in north america. Why would they want to come to DR ?
The poor people in the USA are not heavily taxed due to their low incomes and they qualify for a lot of free benefits and government handouts. Namely welfare,section 8, free health insurance,low cost housing and the list goes on. A poor person in the USA, is too tied up with the welfare system and wouldn't want to give up their free benefits.
The middle class in the USA is the group that carries the largerst tax burden. They are heavily taxed due to america's philosophy of penalizing productive behavior and rewarding non-productive,lazy behavior. The middle class really feel the burden of the high cost of living since they don't qualify for any of the benefits that the poor get. They often need 2 incomes to make ends meet and have had to endure a reduction in lifestyle due to the increase of rents and property value. Specially in a city like New York where rents and mortgages are incredibly high.
For a middle class person,the grass can be greener in a third world country
like DR, due to economic advantages in the form of lower cost of living ,a better lifestyle and a lower tax burden. They can sell the assets they obtained in the US. Namely real estate and purchase less expensive property in DR plus invest the rest of their money profitably. So what stops middle class people from making a move to a third world country? Perhaps it's the fact that many don't mind enduring the economic disadvantages they have in a first world nation or perhaps it's a matter of fear.
Rich people in the USA are well off. They pay the least in taxes. They can have all types of services readily available for them and they can easily afford the high cost of living in north america. Why would they want to come to DR ?
The poor people in the USA are not heavily taxed due to their low incomes and they qualify for a lot of free benefits and government handouts. Namely welfare,section 8, free health insurance,low cost housing and the list goes on. A poor person in the USA, is too tied up with the welfare system and wouldn't want to give up their free benefits.
The middle class in the USA is the group that carries the largerst tax burden. They are heavily taxed due to america's philosophy of penalizing productive behavior and rewarding non-productive,lazy behavior. The middle class really feel the burden of the high cost of living since they don't qualify for any of the benefits that the poor get. They often need 2 incomes to make ends meet and have had to endure a reduction in lifestyle due to the increase of rents and property value. Specially in a city like New York where rents and mortgages are incredibly high.
For a middle class person,the grass can be greener in a third world country
like DR, due to economic advantages in the form of lower cost of living ,a better lifestyle and a lower tax burden. They can sell the assets they obtained in the US. Namely real estate and purchase less expensive property in DR plus invest the rest of their money profitably. So what stops middle class people from making a move to a third world country? Perhaps it's the fact that many don't mind enduring the economic disadvantages they have in a first world nation or perhaps it's a matter of fear.
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