Italy’s talent is once again moving abroad, according to a recent article on Yahoo!. These expats have turned to other nations to find a better environment for their respective industries:
For more than a century unskilled Italians have gone abroad to escape poverty, but these days the people running for the exits are among the country’s top brains.
A growing wave of technologists, researchers and entrepreneurs is flowing away from the motherland. Few think this weekend’s elections will do much to alleviate the gloom.
“I am Italian and I love Italy. But every time I come back to visit, I see the country is sliding a little further back,” said Andrea Ballarini, an economics graduate who left for the U.S. West Coast nearly three years ago…
“My business partner and I bought a ticket for San Francisco. We just wanted to check Silicon Valley out. We never came back,” said Ballarini, who was won over by the pro-business atmosphere of the West Coast and now runs a virtual business fair platform called HyperFair.
Wow! Did someone just call California pro-business? Hopefully he means the environment among fellow entrepreneurs, because he sure can’t mean the tax environment. Wonder how the taxes in Italy compare to the taxes in California? Are the taxes in Italy so repressive that they’re more business friendly than California?