SKC
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- Aug 16, 2014
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China does not let same people remain as Tycoons for long. If you check their list of billionaires every 5 years there will be major changes. So, Chinese Billionaires try to find other countries to move to in order to retain their wealth.Let's be realistic. China has some of the most modern cities in the world yet their tycoons are seeking alternatives if not relocating themselves lock stock & barrel to city states like Singapore.
Arguably India's not China nor are the motivations of their tycoons for moving out the same as ours. Besides we see tycoons in UK seek Swiss citizenship to avoid the punishing tax regime there including other nations in the EU accelerated by Brexit .
But yes , your larger point is well taken .