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Re:Locked-out New Zealanders outraged as visa scheme for ric... by fennecfoxen on Saturday December 25, 2021 @12:14AM (#29680650)
I'm very much for radically open borders — in economic terms, it's one of those twenty-trillion dollar bills lying around on the sidewalk that no one has picked up yet.

And okay, that's a reasonable point to make — in isolation. But in context, do you honestly suggest that the New Zealand outrage described here would be remedied by opening more visas to more people, and getting them into the quarantine?

Re:Locked-out New Zealanders outraged as visa scheme for ric... by ericmay on Saturday December 25, 2021 @10:21AM (#29683972)
> I'm very much for radically open borders — in economic terms, it's one of those twenty-trillion dollar bills lying around on the sidewalk that no one has picked up yet.

This will probably happen, maybe in our lifetimes but it’ll be at the expense of the nation state and blocs like the EU. Probably a good thing such that people can choose where they want to live but it’ll eventually revert back to borders again very quickly as the wealthy shore up resources in the best places and then leave everyone else to fend for themselves. We already saw this “wealth flight” during the pandemic when remote tech workers and executives fled cities and high taxes to create their own little versions of Galt’s Gulch all over the mountain west and no income tax states. When we get to open border policies under the auspices of fueling economic growth you’ll see this occur again. And when this occurs the shells of former nation states will no longer provide services like healthcare because there won’t be anybody to pay for it. The wealthy certainly won’t.

Re:Locked-out New Zealanders outraged as visa scheme for ric... by nowherebeen on Saturday December 25, 2021 @12:42AM (#29680796)
This kind of brings the question should this kind of visa scheme exist in the first place during Covid. From my very limited knowledge, these are just pledges, not actual investments. Given a) NZ tiny market, b) high corporate tax rate, and c) isolation as an Oceania island (shipping), would it make sense to invest in NZ right now? My bet is that they expect Covid to end in the next 1-2 years and all these rich people will leave. These new residents are simply taking advantage of this visa scheme and not actually long term residents. That’s just my 2 cents and I may be wrong.
Re:Locked-out New Zealanders outraged as visa scheme for ric... by bobthepanda on Saturday December 25, 2021 @12:49AM (#29680818)
My understanding of these schemes is that they are generally designed for rich people who accumulated wealth in countries where they might like to have a backup option if their government gets in a particularly seize-y mood. (e.g. China or Russia)
Re:Locked-out New Zealanders outraged as visa scheme for ric... by nowherebeen on Saturday December 25, 2021 @12:55AM (#29680844)
Aren’t most rich residents in NZ from the UK and US? That was my impression. The middle class are usually Chinese. But regardless, rich people in China and Russia don’t accumulate wealth simply by playing fair. Is NZ okay with this kind of wealth transfer to their country knowing this? (Well we all know the answer honestly)
Re:Locked-out New Zealanders outraged as visa scheme for ric... by sabellito on Saturday December 25, 2021 @04:57AM (#29681912)
> rich people in China and Russia don’t accumulate wealth simply by playing fair

When you say it like that, creating a contrast between "east and west" and dishonest/criminal behaviour, it sounds a bit racist. Perhaps you'd like to expand on that point?

Re:Locked-out New Zealanders outraged as visa scheme for ric... by nowherebeen on Saturday December 25, 2021 @06:01AM (#29682228)
True. I can only say as a Software Engineer, the tech industry in China is highly unfair from my personal experience. There are a lot of bullying tactics involve for startups that are not invested by Tencent and Alibaba. Startup founders themselves are not much better because they don't give equity to employees. Therefore, all the wealth accumulates to the founder and their investors, while the employees slave away under 996. I wouldn't say it is criminal behavior though. I specific choose the word unfair for this reason.

I also like to point out, I don't think the West is any better either. As for Russia, I don't know enough to judge them. That, I apologize.

> Aren’t most rich residents in NZ from the UK and US

I also want to clarify this point. NZ is not usually on the list for rich Chinese people. They go to Singapore. But it is for rich Americans like Larry Page, Peter Thiel, and a few Silicon Valley execs.

Re:Locked-out New Zealanders outraged as visa scheme for ric... by sabellito on Saturday December 25, 2021 @06:17AM (#29682311)
You're saying that since, based on your personal experience, China doesn't play fair, NZ shouldn't be ok with this kind of wealth transfer? What about Russia, is that also your personal experience?

Your point about playing fair seems a bit specific. Do you think american and european startups play fair? So in that case american and european tech-millionaires should be allowed to invest in NZ and get a visa?

Re:Locked-out New Zealanders outraged as visa scheme for ric... by nowherebeen on Saturday December 25, 2021 @06:39AM (#29682442)
> What about Russia, is that also your personal experience?

>> As for Russia, I don't know enough to judge them. That, I apologize.

> Do you think american and european startups play fair?

>> I also like to point out, I don't think the West is any better either.

> So in that case american and european tech-millionaires should be allowed to invest in NZ and get a visa?

>> I also want to clarify this point. NZ is not usually on the list for rich Chinese people. They go to Singapore. But it is for rich Americans like Larry Page, Peter Thiel, and a few Silicon Valley execs.

You clearly seemed triggered and have a bone to pick as you didn't read the entirety of my previous comment. It seems like you want to steer this thread into an argument between the East and West, which wasn't the point of my original argument and I have clarified that already. You might want to see a psychiatrist because there is definitely something more going on with you trying to project onto me. Today is Christmas, I wish you a Merry Xmas.

Re:Locked-out New Zealanders outraged as visa scheme for ric... by sabellito on Saturday December 25, 2021 @11:13AM (#29684389)
Absolutely no bone to pick! I'm from the camp that thinks that every millionaire didn't and doesn't play fair. Having said that, I don't have any issue with these investments visas, given the numbers that we usually see: a few hundred per year, at least in the countries I took a look at.

I do think your original and follow-up comments were just outright racist, though, which's a shame. Perhaps you could take a look at that perception you have, that "russian and chinese don't play fair", and justifying it with "they work too much" and "bullying tactics".

The wrapping of this last comment of yours is quite strange. Telling me to see a psychiatrist and then wishing me merry christmas haha I prefer direct rudeness and name-calling instead of whatever that is. Perhaps you could also take a look at that kind of behaviour and reconsider.

Re:Locked-out New Zealanders outraged as visa scheme for ric... by nowherebeen on Saturday December 25, 2021 @11:56AM (#29684740)
> I do think your original and follow-up comments were just outright racist

I simply pointed out that the system was unfair to regular Chinese people. Something that almost all of my Chinese friends also agree in the tech industry. Since you seem to know quite a lot about the system in China, how many years of experience do you have working in China? Clearly, you must know a lot more than me judging by your comment and brushing off 996 as simply "working too much".

If I had to guess, I think you are a New Zealander that has never worked a day in China before. You defend China maybe because your parents are from there, but you have no idea what it is actually like to work there as a regular citizen. You call anyone that talks badly about China's system as racist.

If you truly think I am racist, then I feel sorry for your delusion. I urge you to move back and work there for at least 5 years. Perhaps then, you will see how the rich take advantage of those below and you wouldn't brush off 996 as simply "working too much" and "bullying tactics" as nothing when your wage depends on it.

In fact, I have yet to meet one regular Chinese person that defends the rich like you do. Most of them are hated in China for creating a highly unfair society. Those that do are usually people like you: full of vigor, nationalistic pride, and 0 life experience. The irony for you is that even CCP agrees with me regarding the rich.

It's a shame to meet people like you online really. To outright call people you don't agree with as racist.. no manners whatsoever.

> Telling me to see a psychiatrist and then wishing me merry christmas haha I prefer direct rudeness and name-calling instead of whatever that is.

I think that just points to our upbringing right? Direct rudeness was never acceptable where I grew up. But I am certain being rude to people is nothing more than having breakfast for you. And to be proud of it...smh. For your own sake, you might want to learn some manners sooner rather than later. People won't take it kindly to being called racist in the real world.

One last note, I was being serious about seeing a psychiatrist. It was meant for your own good. Your comments show serious signs of projection and self righteousness.

Re:Locked-out New Zealanders outraged as visa scheme for ric... by bobthepanda on Saturday December 25, 2021 @03:15PM (#29686571)
That may very well be true for NZ.

I am more familiar with how these schemes work in the US, Canada and UK. At least in the US the scheme is particularly egregious since investing in real estate counts. https://www.mgac.com/blog/eb-5-real-estate-financing-trends-...

Re:Locked-out New Zealanders outraged as visa scheme for ric... by catlikesshrimp on Saturday December 25, 2021 @01:46AM (#29681074)
And those cases where the origin of the money is illegal, so it has to be put somewhere else.

BTW, I know Honduras has an investor visa, too.