Quote:
Originally Posted by bobdreamz
From the article you posted above :
"Miami has a long history of money laundering. Its financial institutions report more suspicious activity than any other major U.S. city besides New York City and Los Angeles, according to FinCen data."
I guess that makes Miami 3rd. in "progress" in the US !
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This illustrates the point perfectly. Miami punches FAR above its weight class in this fight.
There's a glaringly apparent difference. NYC and LA have incredibly diverse economies that have long been established on a global scale. Those two cities' historic development booms are not significantly the result of international money laundering and international wealth parking/tax haven activities. Miami's is.
Do those practices happen in NYC, LA, and other cities? Absolutely and obviously. But the NYC and LA skylines weren't created overnight like Miami's was recently, in significant part because of it.
The illusion of prosperity is a powerful drug.
See any similarities?