Why Are So Many Millionaires Leaving Europe? Business Topics

  • View author's info Posted on Apr 05, 2016 at 10:26 PM

    More and more millionaires are leaving Europe.

    Cities with biggest millionaire outflows:
    Paris: -7,000
    Rome: -5,000
    Chicago: -3,000
    Athens: -2,000

    Report says France is being heavily impacted by rising religious tensions between Christians and Muslims, especially in urban areas. This should be the reason?

  • 4Comments

  • View author's info Posted on May 03, 2016 at 07:53 PM

    Well not being of that caliber  besszeng87


     I can only has it a guess why that could be the case, one of the major factors for relocation could be Business/Financial Prospects, Climatic conditions settling down into more coastal areas enjoying some of their acquired wealth and better protection of their money via tax havens and lastly the fear of having wealth around those that have something against a sector of society who has become successful or in some cases handed down through families from old money to the younger generation and naturally and logically the world we live in today well have a baring on those decisions with respect to fear of the unknown elements of terrorism that could be viewed as targets, so they are getting out of dodge.

  • View author's info Posted on Apr 15, 2016 at 10:13 AM


    I think that there are major differences between countries, and you can't group Europe all together.  I doubt Rome has the same issues that Paris has, and I know that Athens (Greece) has major economic issues that are unrelated to Paris's issues.


    I think the real problem is a lack of good government, and that the terrorism concerns they site are a symtom, rather than the cause.


    Europe is having some issues.   Basically, after WWII, Europe's government embraced diversity, but their population did not follow.  They invited immigrants in, as a reaction against Hitler.


    But the people still were just as racist and prejudiced.  So they treated the immigrants poorly, creating second class citizens and slums.   America dealt with some of those issues in the 60's and 70's, while Europe did not.


    America has done a much better job of integrating immigrants than Europe - and we are still have issues that need to be resolved.


    So in Europe, those issues are exaggerated (even more so than in the US), resulting in many social issues, including but not limited to racism, crime, poverty and terrorism.  

  • View author's info Posted on Apr 11, 2016 at 02:28 AM

  • View author's info Posted on Apr 06, 2016 at 08:41 AM

    Can you site your source?  A link, for example.


    This is exactly the kind of information that gets created by unreliable sources.  Particularly as you are talking about Europe, but list Chicago, which is not in Europe.