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5 Reasons Why Entrepreneurs Flee America (And You Should, Too)

5 Reasons Why Entrepreneurs Flee America (And You Should, Too)
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    Move over Generation X…there’s a new generation on the rise. But don’t worry. They’re not invading coffee shops, smoking cigarettes or hanging out at the mall. In fact, they’re not even here.

    Introducing Generation X-Pat

    Unlike previous generations, Generation X-Pat is not defined by birth years. They aren’t the same age, race, or creed. Gen X-Pat are those who have fled America and have no plans of coming back.

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    And they are increasing at a rapid rate. In 1999, there were only 4.1 million U.S. citizens living overseas. Today, there are 6.32 million. Plus, the number of Americans planning to move overseas has increased by 1.7 percent since 2009.

    They’re entrepreneurial, too. Spend time in Central America and you’ll notice nearly every expat owns their own business. Whether it’s a bakery, non-governmental organization, property management firm, or Internet person (how ever they make money), American’s entrepreneurial spirit is still going strong… even if it’s going somewhere else.

    Below are five reasons why many entreprenuers flee America for elsewhere:

    1. High Taxes

    The United States has the second highest corporate tax rate in the world (behind Japan). At the high end of 35% that’s almost triple Ireland’s tax rate.

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    Thanks to a few legal loopholes, however, U.S. companies pay the same or only slightly more than other countries. This means U.S. companies are shifting their profits – and the jobs that come with them – to low tax countries like Ireland, Denmark and Austria.

    If companies are leaving… why shouldn’t entrepreneurs?

    2. A Faltering Economy

    According to the Bureau of Labor Statistics, the unemployment rate has more than doubled from 4% in 2000 to 8.3% in 2012. With less opportunity domestically, many entrepreneurs are heading abroad to find their fortunes.

    Developing nations – especially those in Central America – are a haven for entrepreneurs. They offer a lower barrier of entry and therefore less risk is things don’t turn out.

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    Plus, as many X-Pats reveal in this interview, there is little to no competition for opening a small business in developing nations.

    3. Internet = Freedom

    The Internet is everywhere… and entrepreneurs are happy to get paid in dollars while living on quetzales, cordobas or baht. When you compare the cost of living between the U.S. and Guatemala, it’s easy to see how far your money goes.

    Working outside a traditional office is also a great way to prevent burnout.

    4. Escape from Suburbia

    Many X-Pats grew tired of suburban sprawl. Combine that with the rising costs of U.S. cities and moving abroad seems like an obvious choice.

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    My husband and I grew up in Silicon Valley. There used to be orchards and small, individual towns. Now, each city spills over into a seemingly endless procession of planned neighborhoods, Starbucks and strip malls. Wouldn’t you want to see something different?

    Which leads us to our final reason…

    5. A Desire To Go

    Some reasons listed here are decidedly negative. But one positive is that travel is good for you. Traveling takes you out of your comfort zone, challenges you in ways you never imagined and ultimately reveals who you are.

    Will these Generation X-Pats return? Or will they – and others like them – continue to flee America in search of opportunity and adventure? And if they do leave, what effect will this have on the U.S. economy?

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    How do you feel about Generation X-Pat? Leave your thoughts in the comments below.

    (Photo credit: Airline Passengers via Shutterstock)

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    Last Updated on July 12, 2021

    100 Incredible Life Hacks That Make Life So Much Easier

    100 Incredible Life Hacks That Make Life So Much Easier
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    Want to learn some quick and easy life hacks that are easy to do, low cost and saves you time?

    By tweaking little things in your daily life, it can make your life much more convenient!

    Here’re 100 of the most practical life hacks so you can just pick up any of them right away!

    83 tie a small piece of bright colored fabric

      84 write random letter

        85 use a rubberband

          86 dorm smell bad

            87 lean your phone on your sunglassess

              89 how to waterproof your shoes

                90 take a picture of the name card

                  91 iron inside out

                    92 old newspaper

                      93 tumble try shoes

                        keep a card like this

                          SONY DSC

                            94 soap bar

                              95 make a hole

                                96 drop the battery

                                  97 use a coozie

                                    98 when taking a picture

                                      use a clean dust pan

                                        try a pants hanger

                                          use your cellphone light

                                            use a spring from an old pen

                                              quick and easy iphone speaker

                                                user binder clips

                                                  wrap a wet paper towel around your beverage

                                                    put pancake mix in a ketchup bottle

                                                      clean out an old lotion bottle for your beach

                                                        use a muffin tin to serve condiments at a bbq

                                                          doritos are great for kindling

                                                            use nail polish to identify different keys

                                                              use a hanging shoe rack to store cleaning supplies

                                                                freeze grapes to chill white wine without

                                                                  use paper clips to organize your cables

                                                                    almost finished your jar of nutella

                                                                      sick of having a box full of tangled

                                                                        unroll the rim to increase the capacity

                                                                          cut open toilet paper rolls and use as a cuff

                                                                            remove the stem from strawberries

                                                                              turn an old bottle into a simple little cord holder

                                                                                for iced coffee and iced cappuccino, use frozen coffee cubes

                                                                                  how to fold a fitted bed sheet

                                                                                    tired of snoozing past your alarm

                                                                                      place a rubber band around an open paint can to wipe your brush on

                                                                                        ut a wooden spoon across a boiling pot

                                                                                          use bread clips to save flip-flops

                                                                                            take pictures of friends holding items

                                                                                              how i always know which headphone is the left one

                                                                                                put a stocking over the end of a vacuum

                                                                                                  How to make sure you drink enough water

                                                                                                    user a can opener to open blister

                                                                                                      good sandwich guide

                                                                                                        turn your muffin pans upside down

                                                                                                          50 pounds of groceries and living on the 5th floor

                                                                                                            the right way to make a blt

                                                                                                              add one teaspoon of baking soda

                                                                                                                38

                                                                                                                  hair straighteners equals to collar irons

                                                                                                                    stack your clothes vertically to see them all

                                                                                                                      the right way to make cookies in the summer

                                                                                                                        how to clean a blender

                                                                                                                          the right way to eat a popsicle

                                                                                                                            use bread clips to label and organize power cords

                                                                                                                              to get the built up residue off of your shower head

                                                                                                                                user a hair clip to orgainize long wires

                                                                                                                                  a frozen saturated sponge in a bag

                                                                                                                                    rub stuck zipper teeth with a graphite pencil

                                                                                                                                      use a soda pop tab

                                                                                                                                        50

                                                                                                                                          51 How to multiply large numbers in your head.

                                                                                                                                            52 How to open a bottle if you dont have a corkscrew.

                                                                                                                                              rub a walnut on damaged wooden furniture

                                                                                                                                                kids fall out of bed

                                                                                                                                                  use toothpaste to clear up hazy car

                                                                                                                                                    58

                                                                                                                                                      59 keep pizza out while driving home

                                                                                                                                                        60 put your straw through the tab to keep it from rising

                                                                                                                                                          hold oreos with a fork so your fingers

                                                                                                                                                            Never lose your remotes again

                                                                                                                                                              hiding your emergency money

                                                                                                                                                                use a bread tab to hold your spot on a roll

                                                                                                                                                                  if you are at a hotel and run out of chargers

                                                                                                                                                                    keep a square of cardboard in a ziplock bag

                                                                                                                                                                      If you need to pee or smoke at a bar

                                                                                                                                                                        drill holes in the bottom of your garbage

                                                                                                                                                                          use an accented letter as your passcode

                                                                                                                                                                            use a squeeze ketchup bottle top with your shopvac

                                                                                                                                                                              do something unusual when locking the door

                                                                                                                                                                                when heating leftovers space out a circle in the middle

                                                                                                                                                                                  dont burn yourself in those hard to reach candles

                                                                                                                                                                                    put a small amount of water in a glass when you microwave your pizza

                                                                                                                                                                                      75 use a piece of paper to organize

                                                                                                                                                                                        use half a pool noodle

                                                                                                                                                                                          pencil case to store cables

                                                                                                                                                                                            78 clothespin to hold nail

                                                                                                                                                                                              79 make blts

                                                                                                                                                                                                80 take a picture of your fridge

                                                                                                                                                                                                  81 fill plastic water bottles

                                                                                                                                                                                                    82 right ways to eat chips

                                                                                                                                                                                                      99 if your plug keeps failing

                                                                                                                                                                                                        100 put the banana on the wire

                                                                                                                                                                                                          88 before you throw away a post it

                                                                                                                                                                                                            Source: Reddit LifeProTips

                                                                                                                                                                                                            There you go, 100 awesome life hacks that you can try right now to make your life a lot easier!

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