That’s the sound of a sad trombone playing.
Dodgy offshore tax havens get a lot of press lately, but what about mass movements of capital to friendlier shores that hide in plain sight? The New York Times has a heartbreaking story today of young Chinese adults in Vancouver, Canada who just can’t figure out what to do with all that cash their fathers earned.
They do know one thing it’s good for: obscene quantities of ultra-high-end cars.
“Rolls-Royce sold 4,000 cars last year.”
Carlos, a handsome, Cuban gentleman sitting across from me wanted to make sure that I understood this fact. He said it so intensely that I never even thought to question his number (which was accurate). “Four thousand. That’s it. Do you know how many of them were sold to people on my street?”
I shook my head.
“Six.” He leaned back in his chair for dramatic effect, puffing on a cigar that had been handcrafted by one of Castro’s own private cigar maker’s proteges. “Six. That’s why I have to have the latest one. That’s why I have my friend, Manuel, looking for a very specific car for me.”
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