Chinese New Year Resolution: Leave US to stay alive. For most Americans not understanding how China works overlooks things beyond gross pay. 新年決議: 想活著考慮離開美國. 對於大多數美國人而言, 不了解中國的工作方式會忽略工資總額以外的事情.
1) foreign earned income of US$110,000 earned outside and live physically outside US for entire year is exempt from Federal, State and social security tax. Tax savings alone is over $20,000. 全年在美國境外和在美國境外居住的外國收入110,000美元免徵聯邦,州和社會保障稅。 僅稅收節省一項就超過20,000美元.
2) while in China, you have so many choices, say eating a 9 course Chinese dinner at Hyatt or Ritz Carlton in China with wines will cost you US$2,000 easy, at a restaurant like San Francisco Burlingame Pearl or Koi Palace in China will cost you US$600, at a local restaurant not at upscale neighborhoods will probably cost you less than US$300. Besides all local restaurants allows you to bring your wines without corkage charges. Do your shopping!
Like jobs in US, if the employers really wanted you, you name your terms. I have a few clients initially offered as local hired eventually changed into foreign hired.
I have a classmates managing hotels in China is a Malaysian Chinese don’t even speak Mandarin when he starts working in China 25 years ago. He is an American. There are 1,000s of examples like him.
There are so much opportunities outside of US that US can no longer match.
I look at US today like Hong Kong in 1990. In 1990 Hong Kong was a shining star among China cities beating Shanghai and Shenzhen. But it is like the old story of the race between a rabbit and a turtle that the turtle wins.
The feeling of US today is just like many HK people feeling today, unable to swallow that China has risen beating Hong Kong and US.
Both HK and US are unrealistic. Hong Kong could not be Asia financial center without China. And US cannot enjoy low inflation without less expensive Chinese products, not to mention US moved the most polluted industries to China including garbage in the past.
For Chinese and Asian, it is no longer safe to live in America. You could get killed just because we have the wrong skin color. The White House and the elected official demonize Asian and Chinese everyday to make sure America hated us.
Yes, you could be making more money, but if you dies it does not matter how rich or how much money you made, money stayed in the bank and you cannot take it to heaven.
Remembered the movie “to live” by Gong Li.
For us Chinese in US, we just want “to live” but is getting increasingly difficult.
For many, maybe time to leave “to live”.
Johnson Choi Chinese New Year Eve Resolution January 21 2023
Bloomberg’s inhuman curse 1.4 billion Chinese won’t stop Chinese from enjoying jubilant Spring Festival – It published an article on Friday titled, “COVID Catastrophe Looms for China’s New Year Travelers,”
Professor Ling-chi Wang of UC Berkeley: Yellen-Liu meeting in Davos’s World Economic Forum yesterday.
The Hong Kong report on the meeting reflects what China wants from the U.S. 杨风’s lengthy analysis and comments on the meeting are quite informative and insightful. (https://rumble.com/v26dkmo-why-china-wants-to-help-us.html) Liu He, Chinese vice-premiere used the forum to project China’s comprehensive, albeit, sketchy view of what its plan is for the coming years in the world and to assure the world where it is coming from and where it wants to go. (https://www.chinadaily.com.cn/a/202301/17/WS63c6987ea31057c47ebaa2c4.html) I think it is clever for him to use the forum to project China’s view across the world. China often does not have a chance to do that without being ignored or be given a negative spin by the Western media. For The NY Times, this is a routine, daily occurrence. For example, The NY Times did not cover the Yellen-Liu meeting at all in both its print and online editions today. Just another significant example of how irresponsible and prejudicial New YorkTimes is! U.S. Secretary of Treasury made a last-minute detour on her way to meetings in Africa in order to meet with Liu He at Davos so that she can ask China to help deal with ongoing U.S. debt crisis. Obviously, The NY Times editors thought the debt crisis was not important enough to deserve coverage or the picture of our Treasury Secretary seeking help from our Enemy No. 1, China, was too embarrassing or humiliating for Almighty U.S. I wonder which country in the world world is big and powerful enough to lend a helping hand to the U.S. right now?
From my own perspective, as long as the U.S. continues its all-out effort to bury China by political, economic, and military means on a daily basis throughout the world, China would be stupid to even lift a finger to help the U.S. We are all going to suffer if the U.S. economy collapses. We simply could not bite the hands that feed us. The only way out for us is to seek help from China as we did in the 2008 global financial crisis. 2023 is the year we must seek help from China again because China is the only country in the world expected to grow, now that China is reopen for business after three years of COVID-19 lockdown and successfully saving the lives of millions of Chinese people. One small step forward for the U.S. to do as a gesture of sincerity is to fire Katherine Tai and to remove the tariffs and technology ban of our trade war policies against China.. These policies are causing inflation and inflict untold pains for American people.
Bad News kept coming on US decoupling with China NYT Breaking News: Google parent Alphabet to cut 12,000 jobs 美國與中國脫鉤的壞消息不斷傳來 紐約時報最新消息:谷歌母公司 Alphabet 將裁員 12,000 人
Another 10,000 high tech jobs gone, worst is not over yet. US decoupling with China In tech will hit all US tech sectors. Within 5 years China will come back with better and cheaper chips & tech. China is going to have the last laugh.