Quote:
Originally Posted by giallo
Cornholio's quite right though. Chinese in general aren't crazy about flashing their money around (the older generation anyway). It hard to see right away, but once you've been in a place like Shanghai for awhile, you begin to notice the amount of ridiculously rich people around. A few of my friends, who are cool, down-to earth people; bike around, no car, buy cheap drinks from the bar, are from families that are worth a fortune. I remember I went to one of my friend's house, pulled up in front of a four storey 7000sqft SFH just outside of the city. She never made any mention that her dad owns one of the biggest construction companies in Tokyo, and why would she? In China these days, it's not a big deal to be from a family that rich.
It's these families that are slowly shifting their money in to places like Vancouver right now. In Shanghai and throughout the whole region - Zhejiang province especially as it's China's richest, Vancouver is very well known. Toronto too.
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Well not a big deal as in China has now unofficially the largest wealth disparity in the world, ahead of places like Brazil which are better known for this fact. Based on studies the number one fear of the Chinese in these positions is that when things fall apart(and the rich there feel it will as they say everything has grown too quick and too many instabilities have been woven in to the social fabric) is that they will become targets and lose their fortunes. It is also well known that nearly all the rich Chinese came to their "first bucket of gold" through illegal means usually through state corruption(really that is the case everywhere for most rich, to make that first lump of money, after money makes more money). The fact is that these "new" rich Chinese are paranoid and afraid, and they should be as no matter how much money they launder through say Vancouver and ship out of China they can never get it all out as its tied up in their ventures, and they stand to lose it all when the (in China literally the 99%) turn on them and use the mechanisms already in place to take that money back. Nationalizing property and quickly locking away or executing corrupt officials and business men is easy there, unlike here where there are checks built in to our government that protect these people. Thats why they love it here.
Long story short thats why these people dont flaunt their wealth like this, they grew up paranoid that they will be found out and lose it all. Being rich is one thing, you have some numbers on your side(you still need to protect your money and family but as far as using your money in public goes you blend in enough), being super rich is different though and makes you stand out like a sore thumb, you become the first target.
If people only knew how rich some people in Vancouver were they would be sick, and its not just Chinese, Chinese at this point though are the majority and the richest. Who do you think makes all the money from 1.5billion people working in their factories making and selling stuff to the rest of the planet. Look how rich some Europeans and North Americans became during the industrial revolution with markets and economies micro fraction of the size, now multiply that by a hundred or a thousand, and picture where these people feel their money is safest? Places like here, money capital laundering place of the world, a bank for the wealthy, set up to protect them and their wealth. Problem is that these people are still in China working, owning all these factories, trying to milk and siphon away as much as they can before it collapses, and it will because they have no loyalty to the place and think it will, how can you be loyal to a place and people that you are afraid of because you steal from them every day(thats what icall it when you steal your fortune and then use your influence and connections to make it bigger) with the intention to get your family and money as far away as possible.
/rant
These woman and this show does not depict the true super rich, not even close, just liek Forbes magazine doesnt depict the worlds wealthiest people, do people honestly think Bill gates and that Mexican guy or such are the wealthiness people on the planet. They would be surprised to know the truth.