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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Oblomov who wrote (26456)1/6/2005 1:18:12 AM
From: Elroy JetsonRead Replies (2) of 306849
 
That's actually one of the things I find most attractive about Australia. With a progressive income tax it's still solidly middle class.

Although Australia attracts more immigrants per capita than does the U.S., they are generally highly educated immigrants who often bring significant capital with them. Though some come on employee visas with required skills, the larger portion arrive on Entrepreneur visas which require they arrive with $200k AUD to invest in their business and they must pass a test in English literacy. At the end of year five they must have an annual income of $100k AUD of their residency visa is canceled.

I clearly see the U.S. becoming a Third World nation. There are far more billionaires in Mexico than there are in the United States. It's not that Mexico is so wealthy, it's just that almost all of the money is concentrated among just a few thousand families. America has sharply departed from the model which Australia still follows and is rapidly on the path to becoming another Mexico.

When people cannot meet the requirements to emigrate to a place like Europe or Australia they have to settle for America. There was a time when the opportunity to come to America meant more than that.

I'm curious about your use of the word matriculados for Hispanic immigrants. Do you use that just for Green Card holders or any immigrants in general? I find the word matriculado is generally not used locally as it's a subject neither employee of employer wants to discuss.
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