{"id":248402,"date":"2024-07-27T09:20:47","date_gmt":"2024-07-27T09:20:47","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/07\/27\/americans-wanting-to-move-to-canada-europe-spike-after-trump-vs-biden-debate\/"},"modified":"2025-06-25T17:13:47","modified_gmt":"2025-06-25T17:13:47","slug":"americans-wanting-to-move-to-canada-europe-spike-after-trump-vs-biden-debate","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/07\/27\/americans-wanting-to-move-to-canada-europe-spike-after-trump-vs-biden-debate\/","title":{"rendered":"Americans wanting to move to Canada, Europe, spike after Trump vs Biden debate"},"content":{"rendered":"<p> [ad_1]<br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2024\/07\/GettyImages-2159608852-e1721985007176.jpg?w=2048\" \/><\/p>\n<p>They say politics and religion should not be discussed in polite conversation. But for some people, that might be a tough rule to follow\u2014after all, they\u2019re leaving the country because of the <a href=\"https:\/\/fortune.com\/2024\/07\/24\/donald-trump-fed-rate-cuts-wall-street-september\/\" target=\"_self\" aria-label=\"Go to https:\/\/fortune.com\/2024\/07\/24\/donald-trump-fed-rate-cuts-wall-street-september\/\" class=\"sc-82aca549-0 klXAci\" rel=\"noopener\">U.S. presidential election<\/a>.<\/p>\n<div>\n<p>Business is booming for firms that specialize in relocating U.S. citizens to countries like Canada and Europe. <\/p>\n<p>While<span style=\"box-sizing:border-box;margin:0px;padding:0px\"> <span style=\"box-sizing:border-box;margin:0px;padding:0px\">an influx of relocation inquiries is expected at any point in a politic<\/span>al cycle, <\/span><span style=\"box-sizing:border-box;margin:0px;padding:0px\">such companies have been inundated with requests since the Trump vs. Biden debate in particular<\/span>.<\/p>\n<p>A barometer for when <a href=\"https:\/\/fortune.com\/2024\/07\/17\/how-to-talk-about-politics-in-office-after-trump-assassination-attempt\/\" target=\"_self\" aria-label=\"Go to https:\/\/fortune.com\/2024\/07\/17\/how-to-talk-about-politics-in-office-after-trump-assassination-attempt\/\" class=\"sc-82aca549-0 klXAci\" rel=\"noopener\">Americans become eager to leave their country<\/a> is easy to come by, courtesy of <a href=\"https:\/\/fortune.com\/company\/alphabet\/\" target=\"_blank\" aria-label=\"Go to https:\/\/fortune.com\/company\/alphabet\/\" class=\"sc-82aca549-0 klXAci\" rel=\"noopener\">Google<\/a> Trends. <\/p>\n<p>Searches from U.S. users for \u2018move to Canada\u2019, \u2018move to Italy\u2019 and \u2018move to Portugal\u2019 all spiked (you guessed it) overnight from June 27 to 28\u2014the evening of the presidential debate. <\/p>\n<p>Similar peaks in traffic for these search terms occurred in November 2020\u2014when President Biden was elected\u2014with the biggest spike occurring when President Trump was elected in 2016.<\/p>\n<p>But while the reaction of this <a href=\"https:\/\/fortune.com\/2024\/07\/10\/joe-biden-donald-trump-election-presidency-november-democrats-republicans-ray-dalio-bridgewater-hedge-fund\/\" target=\"_self\" aria-label=\"Go to https:\/\/fortune.com\/2024\/07\/10\/joe-biden-donald-trump-election-presidency-november-democrats-republicans-ray-dalio-bridgewater-hedge-fund\/\" class=\"sc-82aca549-0 klXAci\" rel=\"noopener\">election cycle<\/a> was expected by companies that specialize in relocation, they\u2019re warning individuals that the process isn\u2019t as straightforward as it once was.<\/p>\n<h2 class=\"wp-block-heading\">Gun legislation and Roe vs. Wade among the issues<\/h2>\n<p>For many Americans, the closest thing to home is just across the border in Canada. <\/p>\n<p>The only problem for ex-pats hoping to relocate to their neighbor in the north is that it seems like everyone has had the same idea.<\/p>\n<p><span style=\"box-sizing:border-box;margin:0px;padding:0px\">Montreal-based immigration experts Moving2Canada saw inquiries spike in 2016 and 2020\u2014and 2024 is no different, with a tripling in volume since the\u00a0<a href=\"https:\/\/fortune.com\/2024\/07\/01\/who-ceos-support-polical-preference-biden-trump\/\" target=\"_blank\" aria-label=\"Go to https:\/\/fortune.com\/2024\/07\/01\/who-ceos-support-polical-preference-biden-trump\/\" rel=\"noopener\" class=\"sc-82aca549-0 klXAci\">Trump vs.<\/a><\/span><a href=\"https:\/\/fortune.com\/2024\/07\/01\/who-ceos-support-polical-preference-biden-trump\/\" target=\"_self\" aria-label=\"Go to https:\/\/fortune.com\/2024\/07\/01\/who-ceos-support-polical-preference-biden-trump\/\" class=\"sc-82aca549-0 klXAci\" rel=\"noopener\"> Biden debate.<\/a><\/p>\n<p>Many inquiries are from skilled workers\u2014those who need a post-secondary degree of education to qualify for their work\u2014looking to leave the U.S. before they are forced to by a potential change in immigration policy.<\/p>\n<p>But <span style=\"box-sizing:border-box;margin:0px;padding:0px\">Moving2Canada operations manager Rebecca Major told <em>Fortune<\/em> that other policies are also cited by both families and individuals as reasons to move<\/span>.<\/p>\n<p>Gun legislation and Roe vs. Wade are among the reasons Major often hears, and she explained: \u201cIn general, people become disheartened that they don\u2019t see themselves reflected in who\u2019s running their country, and they look to something that has been seen as very similar to their own country.\u201d<\/p>\n<p>While Major and her colleagues were prepared for the floodgates to open, she warned potential ex-pats that they also needed to have their affairs in order.<\/p>\n<p>Canada\u2019s immigration system has changed \u201csubstantially\u201d since 2016, Major said, adding: \u201cPeople just assume that if you work in the U.S., Canada is automatically an option for you and that\u2019s definitely not the case anymore. It\u2019s highly competitive. <\/p>\n<p><span style=\"box-sizing:border-box;margin:0px;padding:0px\">\u201cMy advice to anyone looking to make the move would be to research early because what you\u2019ll find if, say,\u00a0<a href=\"https:\/\/fortune.com\/2024\/06\/20\/french-gates-endorses-presidential-candidate-first-time-ever\/\" target=\"_blank\" aria-label=\"Go to https:\/\/fortune.com\/2024\/06\/20\/french-gates-endorses-presidential-candidate-first-time-ever\/\" rel=\"noopener\" class=\"sc-82aca549-0 klXAci\">Trump comes into power<\/a>, there\u2019s going to be a huge amount of interest.\u201d<\/span><\/p>\n<p>And she advises potential emigrants to speak to their employers. \u201cSee if they have a branch in Canada. That could be the best route.\u201d<\/p>\n<h2 class=\"wp-block-heading\">\u201cIf you could live anywhere, why would you choose the US now?\u201d<\/h2>\n<p>In Florence, Italy, Alex Ingrim of Chase Buchanan USA says enquiries for his private wealth management services have leapt by around a third since the debate, and the majority of his clients follow through with their plans.<\/p>\n<p>Ingrim specializes in bringing U.S. nationals to Spain, <a href=\"https:\/\/fortune.com\/europe\/2024\/06\/04\/portugal-digital-nomads-immigration-crackdown-manifestation-of-interest\/?utm_source=search&amp;utm_medium=advanced_search&amp;utm_campaign=search_link_clicks\" target=\"_self\" aria-label=\"Go to https:\/\/fortune.com\/europe\/2024\/06\/04\/portugal-digital-nomads-immigration-crackdown-manifestation-of-interest\/?utm_source=search&amp;utm_medium=advanced_search&amp;utm_campaign=search_link_clicks\" class=\"sc-82aca549-0 klXAci\" rel=\"noopener\">Portugal<\/a>, Italy and France, working with around 70 clients across a $70 million portfolio.<\/p>\n<p>While politics play a part in the decision by some of his clients\u2014usually between the ages of 45 and 65\u2014to leave the U.S., Ingrim cautions individuals against leaving home purely for this reason.<\/p>\n<p>\u201cWe\u2019re not hearing about specific policies, we\u2019re hearing about the environment and the atmosphere. We\u2019re hearing about how contentious everything is and how tired people are of the 24\/7 news cycle,\u201d Ingrim said.<\/p>\n<p>\u201cThe political environment has deteriorated people\u2019s quality of life. It\u2019s not just that the cost of living has got more expensive\u2026 it\u2019s also that if you\u2019re no longer working and you could choose to live anywhere in the world, why would you choose to live in the U.S. now? This is really the first generation that\u2019s confronted that reality.\u201d<\/p>\n<p>Since Ingrim, an American, launched the Texas-headquartered company with a partner two years ago, he\u2019s had inquiries from Democrats and Republicans in equal measure.<\/p>\n<p>\u201cWe expected it to be a busy year\u2026 Americans have this habit of threatening to move to Canada if their candidate doesn\u2019t win\u2014this precedes Trump by decades,\u201d Ingrim said.<\/p>\n<p>\u201cThere\u2019s always been this undercurrent, but we\u2019re not very well-traveled people, so it never became a reality. But more people have been open to retiring abroad since the pandemic, then the dominance that Trump had established\u2026 it became clear after the debate, after the assassination attempt, that Trump had a path to victory.\u201d<\/p>\n<p>Ingrim added that recent inquiries aren\u2019t purely spurred by one political event or another, but political events have quickened individuals\u2019 plans to retire abroad.<\/p>\n<p>Fellow Americans do, however, need to be aware that the U.S. is \u201cone of one\u201d, and that \u201cnobody else in the world\u201d runs their nation like the States. <\/p>\n<p>As a result, he says, expats can sometimes struggle with the slower pace of relocation applications and should be prepared for bureaucracy.<\/p>\n<h2 class=\"wp-block-heading\">Ultra-rich are on the move<\/h2>\n<p>The impetus to leave the States is also at an \u201call-time high\u201d for high net worth and ultra-high net worth individuals, said Grahame Salt, director of Homes of Quality at the Frank Salt Real Estate Group.<\/p>\n<p>The agency specializes in properties in Malta, which has an attractively low income tax rate compared to its neighbors. <\/p>\n<p>Malta\u2019s highest tax rate is 35%\u201410% lower than the UK\u2019s 45% for example\u2014with foreign income being sent into Malta taxed at a flat 15%.<\/p>\n<p>Ex-pats looking to enjoy the balmy Southern European nation can also expect to find an ample group of peers, courtesy of minimum investments to earn citizenship in the country.<\/p>\n<p>To earn citizenship via property, for example, an individual must spend at least \u20ac700,000 ($760,095) and retain it for five years, or for residence, after 12 months, invest at least \u20ac750,000 ($814,387) in the nation.<\/p>\n<p>\u201cWith elections looming it seems [HNW and UHNW individuals] are motivated to have a Plan B,\u201d Salt told <em>Fortune<\/em>. \u201cOther drivers are wealth management as many people feel the U.S. economy doesn\u2019t have a very bright future.\u00a0Therefore, wealthy Americans want to diversify their portfolio and invest into a Euro market.\u201d <\/p>\n<p>Interest from Americans isn\u2019t just retired couples but also families looking to relocate their children. And across the income spectrum, politics is highlighted as the key reason for wanting to move.<\/p>\n<p>Salt said: \u201cThe increasing polarity in U.S. politics has been at the heart of these discussions. Some clients are scared stiff of Trump coming into power, and some [are scared] of the Biden administration. The recent debates haven\u2019t helped at all in providing them with the confidence they wanted.\u201d<\/p>\n<p>U.S. visits to the group\u2019s website have steadily increased in recent months to be the company\u2019s third-largest traffic source, with Salt adding: \u201cI would say the third largest driver is the increasing crime rate in the U.S., gun violence and the inadequacy of law enforcement.\u201d<\/p>\n<p><strong>Are you planning to leave the U.S. because of political or policy reasons? Email <em>eleanor.pringle@fortune.com.<\/em><\/strong><\/p>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/fortune.com\/2024\/07\/27\/specialize-relocating-americans-europe-canada-trump-biden-debate-expats\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] They say politics and religion should not be discussed in polite conversation. But for some people, that might be a tough rule to follow\u2014after<\/p>\n","protected":false},"author":1,"featured_media":248403,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[149],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/248402"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=248402"}],"version-history":[{"count":0,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/248402\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/248403"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=248402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=248402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=248402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}