US citizens are being driven out of the country by the high cost of living, climate change, migrant issues, and social unrest.
Business Insider reports that Janet Sussman, a retired baby boomer, has moved from Florida to Panama for a new start in life after the loss of her husband and son. She finds the cost of living in Panama more manageable, which contributes to a more serene lifestyle.
In the past the periodic disinvestment of white upper middle class from their communities devastated the economics of a city but as many Black communities began engaging in group economics and supporting their own educational institutions over trying to gain entrance to the overpriced Ivy league enclaves the economic skyrocketing of black communities was re-engage and even the monkey wrenches of Mass Incarceration and drug wars have been unable to stop the slow but steady progress of black communities.
Michelle Obama recounts in her book “one by one, they packed their bags and they ran from us,” the departing whites “left communities in shambles.” They “disinvested.” In her 2018 memoir Becoming, Mrs. Obama, née Robinson, recalls that the “tilt was clearly beginning” in the South Shore of her youth, with “the neighborhood businesses closing one by one, the blight setting in.” Beyond the loss of economic capital, disinvestment entailed the withdrawal of social capital.
But with adversity comes renewed perspective for those who survive. Not even the large influx of illegal migrants (many of whom were forced to come here either through Climate woes or regime change) can derail the growth and stability that black communities have come to represent. This is causing a large group of young BIPOC millennials and GenZers to actively seek entrance to the community's mainstream media has tried for decades to scare them away from. Heaven forbid young upwardly mobile people will find ways to work together and clean up their communities without over policing and street gang culture.
Recent reports from Axios shed light on a notable phenomenon within the United States, where a noticeable trend is emerging among the ultrawealthy predominantly white demographic and retirees who are increasingly utilizing their passports. This uptick in international travel and potential relocation stems from a variety of factors that have been prominently highlighted by media outlets. Notably, the ultrawealthy cohort is showing a growing interest in seeking refuge from various societal challenges, including political unrest, the economic repercussions of climate change, and the escalating costs of living in their home country.
Moreover, the looming specter of impending tax hikes targeting affluent individuals within the nation is serving as a significant catalyst for many to contemplate a change in their residency status. The prospect of higher taxes has undoubtedly sparked a sense of urgency among the ultrawealthy, prompting them to explore alternative options and destinations that offer more favorable tax environments. This strategic consideration of tax implications is driving a notable shift in the behavior and decision-making processes of high-net-worth individuals and retirees alike.
It is undeniable that global temperature increases, shifts in rainfall patterns, and the increasing frequency and severity of extreme weather events provide clear evidence that will have significant effects on communities and society at large. Traditional approaches and gradual adjustments are inadequate in tackling climate risks and sustainability issues, leading scholarly focus to turn towards the idea of transformation. A key catalyst for purposeful transformative actions comes from grassroots movements within communities and groups of citizens who are capable of taking the initiative. This is where young people with new ideas focused on paradigms of self-sufficiency, tech advancement, land ownership and sustainability, in short less reliance on government and welfare systems. They become the producer generation not the eternal consumer fatted cow!
As the landscape of economic and social dynamics continues to evolve, the decisions made by the ultrawealthy regarding their passports and potential relocations serve as a compelling reflection of the complex interplay between personal wealth management, geopolitical factors, and individual lifestyle preferences. The intersection of financial considerations, global mobility, and geopolitical uncertainties underscores the intricate web of motivations guiding the choices of the ultrawealthy as they navigate the changing landscape of wealth preservation and lifestyle optimization.
A tiny home can embrace Earthship paradigms of self-sustainability that will enable at low cost a high quality of living, the same can be said of retrofitting abandoned towns, warehouses, schools, strip malls and purchasing as part of a cooperative or a homesteading unit. If your home gathers as much energy as it uses, it’s a net-zero energy home. Any excess energy can be sold back to the grid (which makes it net-positive) or stored in your battery system or for use with a vehicle. If you’re using solar power for an accessory dwelling, you can use the excess to power your main home and further reduce your carbon impact.