I just remembered one issue regarding something that I would like to see here in Taiwan and that people say no because they have the fear it would be as Hinhai says: retirees that contribute not to teh economy but reap the benefits.
I have argued in favor of letting foreign retirees here like we do in the ol country, allowing them to use NHI but charging them say an initial premium or something else as collateral, or any other scheme that allows them to live here but also brings some income to Taiwan’s institutions - and balances the act between real estate and services.
However, the problem we face now is that because there is the Chinese clause, the foreigners cannot live here no matter how loaded they are. Instead of charging them, say, 1200 ntd monthly for NHI, we get freeloaders that get free services becaus eof their age and ethnicity. So this is not good business.
Regarding real estate, that is a bit more difficult to control. We already have a bubble going on, too many people waiting for the Chinese Mainlanders to buy their crumbling mosquito halls for a gazillion zillion. We cannot limit foreign retirees to certain areas, as that was one of the lessons learned from te failed Japanese retirees scheme. We could offer the same deal as with local retirees, the government lends you money to live but when you die your house is ours. There are otehr ways to go around this, I am sure we can figure one out.
What I am trying to say is that isntead of high revenue custoemrs in teh form of opening up to foreign retirees, Taiwan is getting shorted by people who have not paid enough into teh system, but that is Taiwan’s own doing for not fixing that loophole of racial requisites for “citizen benefits”.
So I am partially agreeing with hsinhai if the issue is as he describes.