Wealthy Chinese threaten to sue Canada if investor visa decision not overturned
- Thread starter eznutz
- Start date
He who dies rich dies disgraced. So said Andrew Carnegie. Many libraries in the world were funded by him. I think that Toronto also benefited from his largesse.
Billionaire Bill divests 10% of his Microsoft stock each year. He mandated that all of the money in Cascade investments should be spent within 50(?) years of the foundation's incorporation.
Bill took a lot of heat for not sharing the wealth when he was steering Microsoft, but he said that while he's running the company his job is to make money. His second career will be dedicated to giving it away effectively.
Li, Gates, Soros, Buffet, et al will be remembered long after they're gone, like Carnegie. The reason is because they're using their wealth to improve the world. Other billionaires, like Steve Jobs, will not; or at least they won't be remembered in the same way. Jobs et al will probably be remembered like John D. Rockefeller and others of his ilk; incredibly successful, but only ever looking out for #1.
Billionaire Bill divests 10% of his Microsoft stock each year. He mandated that all of the money in Cascade investments should be spent within 50(?) years of the foundation's incorporation.
Bill took a lot of heat for not sharing the wealth when he was steering Microsoft, but he said that while he's running the company his job is to make money. His second career will be dedicated to giving it away effectively.
Li, Gates, Soros, Buffet, et al will be remembered long after they're gone, like Carnegie. The reason is because they're using their wealth to improve the world. Other billionaires, like Steve Jobs, will not; or at least they won't be remembered in the same way. Jobs et al will probably be remembered like John D. Rockefeller and others of his ilk; incredibly successful, but only ever looking out for #1.
Actually the ones coming from China are the ones that are not bright enough or with high enough marks to make it into a top Chinese university. Generally these kids are spoiled rich kids that have never had to work hard.Be careful you don't get what you wish for. Kids coming here to go to school are THE BEST immigrants.
They get a Canadian education, they are young enough to soak up our culture and way of life, they are the best and the brightest their country has to offer.
Yes, many finish their educations and return home, but many also settle in Canada, well adapted and positioned for success in our economy.
Every one that stays is a win, and the ones who leave, well hey, they pay full freight for their educations here, it cost the Canadian taxpayer nothing.
True they pay their full way... It costs Canadians nothing. But don't candy coat that these are the brightest.
Thank you. Most of these "millionaires" are fleeing .... Those with businesses are doing exactly as said. Moving their families but keeping their business in Asia. I know many in both categories. I am glad canada did what they did with immigration.Basically it worked like this:
Many criticized the program as a way for rich foreigners essentially to buy citizenship and live abroad without creating jobs or economic growth in Canada. The plan, which was ended in Tuesday’s budget, allowed foreigners with a net worth of more than $1.6-million to gain residency and potentially citizenship by lending the government $800,000 that would be paid back in about five years without interest.
But on Tuesday, the government said many of these investors have only tenuous ties to the country and pay “significantly lower taxes over a lifetime” than other immigrants. This echoes long-standing complaints about the program, which coincided with China’s economic rise.
Within the Chinese business community in Vancouver, the program sometimes appeared to help wealthy mainland people gain Canadian citizenship, buy property and then move their family here, while living and doing most of their business in Asia.
For a REAL immigrant to gain citizenship there are all kinds of restrictions (eg must live in Canada a minimum 24 months during a 5 year period)
They certainly can still get into country, but we are no longer selling them passports esp when they are Chinese, not Chinese-Canadian (if I am a millionaire, spend no money in Canada, but use this to move my entire family including cousins etc here there are serious problems with program). That is why they are complaining (in linked article someone even said they got kids to change schools so they could be brought over also with no qualities we want for immigration)
This program has also been replaced with 2 new programs for those interested in really becoming Canadian, just actually need to live here & invest here now
What exactly would they sue for? Canada has the right to change policies and has no obligation to allow anyone into the country or to change the circumstances under which people are admitted. Let them sue.
Half the PhD students in the US are from somewhere else - I agree, these are the most attractive immigrants.Be careful you don't get what you wish for. Kids coming here to go to school are THE BEST immigrants.
They get a Canadian education, they are young enough to soak up our culture and way of life, they are the best and the brightest their country has to offer.
Yes, many finish their educations and return home, but many also settle in Canada, well adapted and positioned for success in our economy.
Every one that stays is a win, and the ones who leave, well hey, they pay full freight for their educations here, it cost the Canadian taxpayer nothing.
Are you kidding Universities are businesses too, the better and bigger things their students go on to do the better they look. Bringing in foreign students is all about globalization, take the best and the brightest or else someone else will. Doesn't hurt too that foreign students being unsubsizded by the government bring in twice as much money as domestic students.If China is so great, a super power major manufacturing country maybe their students can stay in China and go to school THERE which will free up spots in University and Colleges for real Canadians!
Bingo.Actually the ones coming from China are the ones that are not bright enough or with high enough marks to make it into a top Chinese university. Generally these kids are spoiled rich kids that have never had to work hard.
True they pay their full way... It costs Canadians nothing. But don't candy coat that these are the brightest.
Not all are spoil brats but there were a lot in my class. But even the the second rate smart ones are still more intelligent and highly motivated than some of the brightest here. Basically that's the only thing that could get them and their family out of poverty so they have to be that way. Use to resent my TAs for being like that or that 1 or 2 individuals skewing the class curve but now I understand why
From my experience I'd agree with motivation and amount of work some put in. Wouldn't agree there was a difference in intelligence....s are still more intelligent and highly motivated than some of the brightest here. ...
They are definitely not anymore intelligent. They are very good at memorization. I fact creativity in education and individual thought are looked down upon. Their whole high school exam system is based on memorization. The gaokoa is a gruelling two day exam in which all the questions technically can be memorized. Practise Gaokoa exams are given their last two years in some schools to get the highest marks to get into a good school. When it comes to knowing the equations formulas and rules... Sure they know it. When to implement not always so. I see these kids every day..... Now the ones doing the MBA programs or PHD programs. Yeah they are sharp.Not all are spoil brats but there were a lot in my class. But even the the second rate smart ones are still more intelligent and highly motivated than some of the brightest here. Basically that's the only thing that could get them and their family out of poverty so they have to be that way. Use to resent my TAs for being like that or that 1 or 2 individuals skewing the class curve but now I understand why
Chinese base everything on education rather then experience. If not your education then you or your families guanxi ( relationships or social influence).
Living here I see it everyday.
Wonder why education that emphasizes creativity and individual thoughts
could produce such a disproportionately large share of mathematically illiterate
*science* students. Some of the horrors I witnessed include a case of a 3rd year
physical chemistry student who couldn't figure out the derivative of the natural
logarithm that is a piece of cake to pre-university science students in Asia. Apparently
emphasis on memorization isn't a bad thing if they can do better in subjects
like mathematics, physics and chemistry, all subjects that require analytical thinking
as much as memorization. Perhaps forcing kid to memorize things at an
early stage works as an antidote to intellectual laziness which an emphasis
on creativity promotes.
could produce such a disproportionately large share of mathematically illiterate
*science* students. Some of the horrors I witnessed include a case of a 3rd year
physical chemistry student who couldn't figure out the derivative of the natural
logarithm that is a piece of cake to pre-university science students in Asia. Apparently
emphasis on memorization isn't a bad thing if they can do better in subjects
like mathematics, physics and chemistry, all subjects that require analytical thinking
as much as memorization. Perhaps forcing kid to memorize things at an
early stage works as an antidote to intellectual laziness which an emphasis
on creativity promotes.
