WhateverHappenedToNorman
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User ID: 3324
WhateverHappenedToNorman
4hr ago
A bunch of things:
- Demographics: Dilution due to immigration, and revolution is a young man's game, and Catalonia (like the rest of Spain) is increasingly old.
- The EU sided with Spain
- Economic constraints: as a consequence of secession risk (well, that and left wing anti-business governments), lots of corporate headquarters and business are moving from Barcelona to Madrid.
Now, I think there is a chance it comes back due to couple of factors:
There is a generational gap, older Catalonians are more independentist, as are the really young, there is a large cohort of youngish/middle aged people who don't really care that much, but as the younger generation comes to power, they might move the issue back into play. Immigrants are not loyal to Catalonia, but they're not loyal to Spain either, and Catalonia is expending effort into integrating them: free Catalan lessons, education primarily in Catalan, etc.. If the EU falters (not that unlikely), you might find yourself with a population that is once again pro-independence, without the guardrails that prevented it last time.
WhateverHappenedToNorman
5hr ago
It is not a coincidence! Since, for Americans, the US taxes your income no matter where you are, that is something you have to pay attention to.
WhateverHappenedToNorman
16hr ago
As an American, you should at the very least seriously consider a geographical arbitrage exit strategy.
Of course, it's not always feasible due to family and friends, cultural barries, etc. But the retirement math in the US is much different than that in Italy/France, let alone somewhere like Brazil/Paraguay, so I would consider it.
WhateverHappenedToNorman
1d ago
Man, I can't believe we're 20, I was hoping for at least 50
WhateverHappenedToNorman
9d ago
Feminists think it should be illegal and polyamory never works out like that.
"Polyamory" when explicitly called that, sure, but that's a tiny part of what can be broadly understood as such. I'd say polygamy, either explicit or implicit, makes up for most of polyamorous relationships, across the political spectrum.
WhateverHappenedToNorman
11d ago
I guess those would be Scott and Kelsey Piper
The "it's called soccer" one is good, actually, though they should put more energy into it. The other two are terrible.
WhateverHappenedToNorman
18d ago
I think you're confusing IQ with intellectual sophistication.
WhateverHappenedToNorman
25d ago
He also bought land in Uruguay, so I'd say it's a hedge against nuclear war/de-globalization. Even though I'm sure he's on a special regime, it doesn't make a lot of sense as a Tax move.
As to why stay in Buenos Aires vs someplace in Uruguay/Chile/Paraguay/Southern Brazil, it's probably a combination of politics and (zero bias here) Buenos Aires being the best city to be in South America.
WhateverHappenedToNorman
28d ago
You get two guesses as to which one I'm at.
That being said, Japan seems to be in the innings of a very similar process right now.
WhateverHappenedToNorman
28d ago
As someone who's lived through multiple currency debasements, anything fixed income has a very large psychological hurdle to pass before I consider it.
That being said, I like, and have owned this one: https://www.preferredstockchannel.com/symbol/c.prn/
It's SOFR+ so it's kind of inflation hedged, relatively safe and has a good yield. Due to some weird capital structure rules it's unlikely to get called, but it is still possible and a real risk.
I don't think there's any impetus right now. And if I had to bet even odds, I'd bet very strongly against independence ever happening, I'm thinking more of a pathway to it possibly reigniting, from the younger natives and naturalized children of immigrants.
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