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this post was submitted on 02 May 2024
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Interesting... I mean, the assumption is that they would still be paying American taxes because the USA doesn't allow you to renounce your citizenship and if you're a citizen you pay income tax regardless of where in the world you own it. So I just figured the debt hanging in the USA would somehow harm these students if they moved to China but you know what? You're right. Get the students to stay and default on their debt and collapse the debt pyramid scheme
How is the USA going to force you to pay taxes if you live in China? You can just...not do it. Just make sure all your assets are in Chinese accounts first so they can't steal your shit.
I didn't even think about how every student that does that represents a loss of 100K for some bank, I was just thinking the lost labor since students just out of college generate huge amounts of wealth while barely able to scrape by.