If you look at the balance sheet, the US is heavily in debt. If you look at the income account - the amount of interest the US pays abroad - it is almost exactly equal to the amount of interest that it receives from abroad. American assets held abroad are earning a higher rate of return than foreign assets held here.
New artists will be discovered and trained. Moreover, when the artists who've gone abroad return home, they can share and pass on skills and knowledge to their peers here. I am certain their stints abroad will make them better artists and mentors. It will teach them discipline and independence. It will broaden their horizons.
The rich people are apparently leaving America. They're giving up their citizenship. These great lovers of America who made their money in this country-when you ask them to pay their fair share of taxes they run abroad. We have 19-year old kids who lost their lives in Iraq and Afghanistan defending this country. They went abroad. Not to escape taxes. They're working class kids who died in wars and now billionaires want to run abroad to avoid paying their fair share of taxes. What patriotism! What love of country!
As much as Jefferson loved France residence abroad gave him greater appreciation for his own nation. He was a tireless advocate for things American while abroad, and a promoter of things European while at home. Moving between two worlds, translating the best of the old into the new and explaining the benefits of the new to the old, he created a role for himself as both intermediary and arbiter.
Americans need to educate themselves, from elementary school onward, about what their country has done abroad. And they need to play a more active role in ensuring that what the United States does abroad is not merely in keeping with a foreign policy elite's sense of realpolitik but also with the American public's own sense of American values.
It was tough coming to the realization that I wasn't interested in anything, though realizing it didn't mean I could then immediately find something to engage my interest. I tried to think of something. Maybe I could study a foreign language or study abroad in Rome or somewhere? Or, more realistically, grab some guy I knew and have a destination wedding abroad. But everything I could think of was based on how envious it would make people, not on any genuine interest I might have.
The gentle reader will never, never know what a consummate ass he can become until he goes abroad. I speak now, of course, in the supposition that the gentle reader has not been abroad, and therefore is not already a consummate ass. If the case be otherwise, I beg his pardon and extend to him the cordial hand of fellowship and call him brother.
If we're talking about buying exchanges abroad, we have to have global securities standards, as we have global banking regulations. I'm talking about margins. Now, the United States has certain margin requirements that are not the same in London. Investors and hedge funds that want to borrow more money against securities ? if they can't in the U.S., they go abroad. That could add additional risks to the global economy.
The gentle reader will never, never know what a consummate ass he can become until he goes abroad. I speak now, of course, in the supposition that the gentle reader has not been abroad, and therefore is not already a consummate ass. If the case be otherwise, I beg his pardon and extend to him the cordial hand of fellowship and call him brother. I shall always delight to meet an ass after my own heart when I have finished my travels.