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A comment on Big Banks Had a Spectacular Quarter Despite All the Rules. Parent comment

Re:Big Banks Had a Spectacular Quarter Despite All the Rules by graedus on Friday July 21, 2017 @01:10PM (#14822119)
> Wealth follows the wealthy, and most of the wealth in the US rests in very few hands, much of it offshore and in other ways hidden from taxation. If they leave, the "wealth" leaves with them for the most part.

All true enough, but I'm not convinced the wealthy would leave the US en masse as it gradually declines in power and we enter a more multi-polar world, with the dollar possibly losing reserve status at some point. Where would they go, China? I think in the scenario where the US is less powerful compared to the rest of the world, it's still a very attractive place to live in many ways (edit: especially for Americans).

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Re:Big Banks Had a Spectacular Quarter Despite All the Rules by QAPereo on Friday July 21, 2017 @02:04PM (#14822557)
It could be an attractive place to live, if populism doesn't rule the day for too long, and we do actually bother to invest in some infrastructure. Without that, it could very rapidly become a singularly ugly place to live. Meanwhile if you're rich enough, maybe Switzerland starts to look more stable and appealing in the long run. You can still travel to wherever you like, but your wealth would be elsewhere.
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