“I’m Totally Freaked Out”: Brazil’s Elite Fleeing Bloodshed And Chaos, by Tyler Durden

Many well to do Brazilians are fleeing their nation’s hellish descent. From Tyler Durden at zerohedge.com:

Amid the economic, political, and social collapse, Brazil has been described by many as being in the midst of a “zombie apocalypse” as years of corruption and violence spectacularly implodes all at once.

Horrified by the out of control violence and pessimistic about the nation’s political and economic outlook, thousands of wealthy Brazilians are now fleeing the country.

Thiago Lacerda, a high-profile actor, is one of the thousands of celebrities, bankers, lawyers and affluent Brazilians considering emigration before the next round of turmoil.

“I’m totally freaked out by what’s been happening, especially here in Rio [Rio de Janeiro],” Mr. Lacerda told The Wall Street Journal.

The 40-year-old actor said he has considered moving his family to Europe for the safety of his three children. “In several years, they’re going to want to go out, to start dating, without worrying about getting shot.”

Naercio Menezes Filho, director of the center for public policy at Insper, a São Paulo business school, commented on the situation and pointed out — the elite fleeing the country is the newest trend amid the threat of gang violence and economic instability.

According to a study published in June by Brazilian polling agency Datafolh, about 52 percent of the wealthiest Brazilians — those with a monthly income of more than $2,500 — want to emigrate, while 56 percent of college graduates have plans on leaving the country.

“The hope that Brazilians once had in their country has gone out the window, and many people are now reaching the conclusion that things are unlikely to change in the next few years,” said Mr. Menezes Filho.

Government figures show the number of Brazilians filing emigration notices with the federal tax office reached 21,700 in 2017, that is nearly three times the number in 2011, when officials started recording the data. WSJ notes that many are moving to the Portuguese Riviera and to US cities such as Orlando and Miami.

To continue reading: “I’m Totally Freaked Out”: Brazil’s Elite Fleeing Bloodshed And Chaos

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