Tuesday, July 3, 2012

Retiring Overseas?

A 19 year old girl crossing the border into Ireland yesterday, the purpose of the visit is to study in a Summer program on James Joyce,  emailed me her experience:

i made it to ireland but the travelling was very rough. ... on top of that, apparently there are some irish who really really do not like americans. the customs agent went on a rant about how a US immigration officer would treat an irish man trying to go into the US to study. and then he started giving me a spiel about how they treat Mexicans going into the US. Then I said it was completely beside the point and he said i need to put more thought into my travelling arrangements. Finally I showed him my return ticket and got through, but after a day of sick travel i was rather pissed off.


What the customs agent did not realize is all Americans are treated like "Mexicans" even when travelling from Chicago to New York, on a plane.  The Irish customs agent is comparing how civilized Europeans treat each other and how Americans treat each other, and expecting us to be civilized.

That is not to say Americans like it.  Why, now that the state treats whites too like it used to treat just Mexicans and Americans with some African ancestry, whole resistance movements have risen up, like the tea party.

In any event, what goes around comes around.  USA policy may be a wonderful benefit to banks and warmongers, but it is harsh on people overseas.  And regimes see how the USA regime treat Americans, and they get the bright idea they can be as abusive as USA.  It is called policy-laundering.

The USA social security scheme and medicare are quite generous for people who elect to retire overseas.  But expensive. And who is easiest to abuse when it comes to cutting back, but those living overseas? The British are feeling this overseas.

And if you don't get trapped in political cutbacks, then you have the enmity of say Greeks who live in poverty while they serve you on their sunny Isles as you collect your pension.  Not a good situation.

About twenty years ago I mentioned unfunded pension liabilities in a class, and an older gentlemen who was starting up a business came to me and said he had started 30 years earlier in the HR department of (I think he said Xerox) working on the pension plans.  Early on he realized the actuarial tables were deeply flawed, and there was no way Xerox(?) would fund those pensions.  His boss agreed, but orders were orders.  This fellow saved and lived as though he had no pension coming, and he was not disappointed.

If you think you can escape what is coming by retiring overseas, it may be that overseas is the last place an American wants to be, dependent on the State.

Feel free to forward this by email to three of your friends.


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