I am asked this question more often than you would expect.
Clearly, many people are thinking things are only going to get worse and not get better any time soon in America.
The short answer is that no one has to leave TODAY, but a lot of people should be preparing to leave. The world is a very complex place, as Mises and Hayek taught us. It is hard to know with exactness much too far in advance what will happen. Right now it looks like the trend is toward more and more regulation, which will suffocate life in America. It’s possible that could change, but the wise person is thinking about escape routes.
One of the problems I have with those who ask me about leaving America is that they seem to think about it in a macro sense, that is, they assume there will come a day when there is a clear signal that everyone should leave.
I don’t believe that will be the case. If more regulations come forth out of Washington D.C., as it appears they will, it will affect some more than others, and may pass others by completely.
Medical doctors are at the top of the list, in my view, of those who should be thinking about leaving the U.S. soon. They should be pretty close to packing their bags. Once Obamacare kicks-in, Medical rates will be controlled by the government. How a doctor treats a patient will be controlled. What types of patients a doctor will be able to see will be controlled. If I was a physician, I would start thinking about setting up in one of the Caribbean Islands or South America, close enough to the U.S. so that wealthy Americans would be willing to fly to be treated.
July 13, 2010