I'm drafting 'The Bushwacking hymn of the Tasmanian Tiger mother' as we speak.
The secret to great kids is:
1) Call them Bruce. 2) Give them a proper knife 3) Plenty of prawns of the barby 4) Regular croc wrestling
There's a lot of not super wealthy older Chinese families in the US, who came over a long time ago. Contrast that with Taiwanese American families, they're coming more from the 60s & 70s of the 20th century (not all, but more).
There's also like an order of magnitude or two more (non-Taiwanese) Chinese American than there are Taiwanese American.
It would be more like if you cherry picked out the current class of very rich Chinese who send their kids to Uni in the US and buy up investment visas, and then were surprised when their descendants were richer.
https://en.wikipedia.org/wiki/History_of_Chinese_Americans#S...
>It would be more like if you cherry picked out the current class of very rich Chinese who send their kids to Uni in the US and buy up investment visas, and then were surprised when their descendants were richer.
Actually, I think if we included the super rich mainland Chinese who buy their way in we'd see even lower declared incomes.
Study reveals awfulness of Canadian investor immigration [most of whom are Chinese]; income tax averages C$1,400 per millionaire
http://www.scmp.com/comment/blogs/article/1929324/study-reve...
For example, WE can cherry-pick some of the most successful Indians from India, and many are likely to want to move to America.
Many of the Europeans however, may just as easily find success in their respective countries, and their populations are smaller.
Indian here, I believe its combination of couple of factors. US gets the cream of India but Indian parents drill into their kids heads that you have to get good grades or else you will fail in life.
Considering all that few Indian cities do have a healthy startup culture and Indian angel investors who have worked in the US and American VCs have started funding big amounts.
DO recently opened a datacenter in Bangalore to capture all this new growth.
Within first generation, there is that segment of taxi drivers, gas stations, store owners as well but again, there is a huge entrepreneurial drive in those segments as well and many of them own their stores, gas stations etc instead of just working there. But then again, a lot of first generation Indians are also very well educated and they come for the STEM jobs as we all know.
The reasoning seems to go like this: Asians-Americans make more money. Chinese-Americans are Asian-Americans. Raise your kids the way Chinese parents do. If you look at the stats, Chinese-Americans don't do especially well.
You'd be better off raising your child in the "Filipino style" if such a thing exists.
Indian American : $127,591[2]
Taiwanese American : $85,566[2]
Filipino American : $82,389[2]
Australian American : $76,095[3]
Latvian American : $76,040[3]
British American : $75,788[3]
European American : $75,341[3]
Russian American : $75,305[3]
Lithuanian American : $73,678[3]
Austrian American : $72,284[3]
Scandinavian American : $72,075[3]
Serbian American : $71,394[3]
Croatian American : $71,047[3]
Japanese American : $70,261[2]
Swiss American : $69,941[3]
Slovene American : $69,842[3]
Bulgarian American : $69,758[3]
Romanian American : $69,598[3]
Chinese American: $69,586[2] (including Taiwanese American)
https://en.wikipedia.org/wiki/List_of_ethnic_groups_in_the_U...