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Comment by jake_morrison | Hacker News Reader

I am hoping North Asian countries loosen up about visas.

Right now it's easy to be a digital nomad or retiree in Thailand. Malaysia has My Second Home: https://en.wikipedia.org/wiki/Malaysia_My_Second_Home

I expect things will get easier in North Asia as the effects of the aging population hit.

I would love to be able to move to a small town in Japan to live the Totoro life with fast Internet. And no virus problems.

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North Asia has too much problem by themselves already. They don’t need more foreigners money as they are already rich and would rather prevent Eternal September.

Not all South East Asian countries are welcoming to foreigners as well. I.e., Indonesia. They have too many digital nomads causing trouble and contributing nothing locally.

No skin in the game.

> contributing nothing locally

Someone earning $10 a day online from overseas sources is contributing far more than a local worker.

The problem is that this leads to a raised prices due to foreigners' purchase power, and this pushes locals away. This is very problematic politically as very few people end up profiting from tourists.

There’s so many thing wrong with this comment I don’t know where to start. How about we start with this. If you consider $10/day even a remotely decent salary then I don’t know what to say.

Could you elaborate how that might be the case? Is the argument that the $10 will somehow trickle down into the local economy?

How is it going somewhere else? If course it's being spent in the economy. Essentially it's an export of services.

For large amounts I'm sure some is saved but most workers whether local or foreign bringing in overseas dollars are contributing far more to overall improvement of the economy than someone working at a retail store earning the exact same amount while shuffling around domestic dollars.

I believe he is saying this is inflating the fiat money due to new money throw in the economy not being in sync with the local production, causing the Cantillon effect[1]

[1]: https://mises.org/library/money-inflation-and-business-cycle...

Interesting footnote from the Wikipedia article on Malaysia My Second Home:

"On July 2, Minister of Tourism, Arts and Culture Nancy Shukri announced that the MM2H programme has been temporarily frozen until December 2020 for review and further improvement."

Malaysia My Second Home has been suspended.

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