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Comment by jmclnx | Hacker News Reader

The US Rich are the once who brought the US to the state it is in. Their 50+ year support of the GOP and tax cutting for the rich did more harm to US then anything else.

With things looking like the GOP and a certifiable nut case about to take over the US, they want to have the option to flee before the people scammed by the GOP realized they were taken to the cleaners.

With that said, China is already on the edge, and should the US economy crash, it will take China with it then the world will follow. But I doubt any crash will happen as long as the Fed can remain fully independent of politics.

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I don't think that stability of a country is a simple function of tax rates.

France has the highest taxation in OECD and it is internally very messy. Switzerland much less so.

I don't think France is so messy. It looks like it because the French really enjoy criticizing everything.

We only had a quasi-state of insurrection for a month or two each year since 2005 and even before 2005 it was not that quiet:

https://fr.wikipedia.org/wiki/%C3%89meutes_dans_les_banlieue...

That’s an exaggeration , your comment does not reflect the content of the Wikipedia article.

2018, 2019, 2022 and 2023 are listed yes, but definitely not every year since 2005. And it’s days of insurrections or manifestations/gatherings, in specific areas, not months of quasi-insurrection across all of France.

That being said, the relationship of the citizens with the French police is very much catastrophic and getting worse, that I agree on. It’s heading down the same path as the US.

The cost of 2023 insurrection was 1 G Euro just for a month, and it was across all of France.

How many people in other countries have seen a car exploding near their home or a neighbor's home take fire? That happened to me in 2005 in Rennes.

Weirdly my co-workers who lived just a few kilometers away in a more wealthy suburb told me that I was exaggerating. Yet the interior minister does not publish any more statistics about burned cars...

In many towns, it's common for dealers to fight between them with Kalatchnikovs.

The previous administration brought an enormous amount of pressure down on the Fed, and a new version of that administration will likely be much more focused. Combine that with major tax cuts in our current fiscal environment, the result is not likely to be pretty.

The fun thing about being rich is that you can vote for/financially contribute to the narcissistic authoritarian who wants to schtup his daughter and would be happy to crash the economy, esp if the devastating effects aren't felt until he's out of office -doing all this because the taxes you barely pay are too high - AND ALSO you can be ready to evacuate when things go pear shaped! It's a sweet life but I hope judgment finds them precipitously and harshly.

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