HOW TO BUILD A FINANCIAL BRIDGE IN CIVILIZATION
Strange creatures are people … They always want what is inaccessible. And when at last there is an opportunity to get what you want, interest instantly fades away and it turns out that they wanted something completely different. Just like in the famous tale of Oscar Wilde. As a proof of love, the professor’s daughter made the student wish to bring her a red rose. Like evil, only one rose grew in the garden, and that one was white. Student love at the cost of his life saved the nightingale. He drove the thorn of a white rose directly into his heart and sang all night, staining the white petals with a crimson red color with his blood. When a student, full of magical dreams and romantic hopes, cut the rose and brought it to the beauty, she took it and threw it into the ditch. It turned out that the color of the rose did not fit the new dress …
At all times of Ukrainian independence, the possession of a foreign bank account was considered very status. As most Ukrainians in the early 1990s had no doubt that every family in the West necessarily had a house with a pool and several cars, so owners of foreign accounts were automatically considered to be very rich and influential people.
The phrase “account in a foreign bank” always caused an unhealthy excitement among the Ukrainian layman, and before his eyes the snow-covered alpine peaks, the blue waters of Lake Geneva and the bankers turned out in expensive suits began to flicker fascinatingly. In short – dolce vita in its respectable Swiss version.
But, as you know, elitism, based only on material wealth, does not live long. In the end, the era of exclusive access to foreign banks has ended. With the permission of the Ukrainian authorities, any citizen of Ukraine can easily open an account even in Switzerland, at least in England, and at least wherever he wants. There are only two limitations. Firstly, not all foreign banks are ready to open accounts for Ukrainians, probably doubting our integrity and love of law.
ELITARITY, BASED ONLY ON MATERIAL WELLNESS, DOESN’T LIVE FOR A LONG TIME
Secondly, far from all Ukrainians have the opportunity to prove that taxes were paid on the sums that they intend to send from Ukraine abroad. The second thesis, to some extent, confirms the first, on the waryness of foreign banks.
When the investment permit came into force in July 2017, I was sure that the next day, a line of law-abiding citizens would line up with Ukrainian banks, dreaming of opening an account abroad and filling it with honestly earned money. Alas, this did not happen …
Andy Warhole. Dollar Signs Series www.alamy.com
Agree – strange! They have been dreaming for so long, for so many years they lamented and scolded the authorities for not allowing, opened accounts illegally or semi-illegally, paying huge commissions to intermediaries, and transferred money to them in advance. And when they allowed to do everything white, then interest immediately disappeared.
So, maybe the Ukrainians do not care about the essence of things. The main thing is what people will say. Exactly as with multi-year Schengen visas. A visa-free regime is a wonderful thing, but if you think about it, it deprived so many compatriots of their own significance, completely equalizing the social status of the “cool” holder of a five-year visa and an ordinary citizen. The dangerous thing is equality …
Why didn’t the Ukrainians massively run to send money abroad? Lack of banknotes? In no case. As the unforgettable Ostap Bender said: “If there are banknotes in the country, then there must be people who have a lot of them.” And indeed it is! Go to any decent bank in the slightest degree and ask if they have free cells. No, everyone has long been busy and crammed with cash. There is no honestly earned money in the country ?! Can not be. Firstly, many honestly earn and pay taxes, and secondly, in all countries, including Ukraine, there is more than one way to turn “bad” money into “good” money.
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The main reason, in my opinion, is ignorance. Having the opportunity to open the doors to the developed financial world, people were simply scared. Remember how in the 1990s, our fellow citizens, having tasted the fruits of wild capitalism, confidently and proudly traveled around the country in dark cherry “nines”, flaunting fawn caps, “adidas” and gold chains. And having arrived in European capitals, most of them were confused, realizing the absurdity of the “fashionable outfit” and realizing the depth of the abyss that separated us from civilization in those days.
Through the abyss of the 1990s, we finally managed to build a bridge, and every year we are less and less surprising the Western world with the outlandish tastes of Ukrainian nouveau riche, at least in terms of surroundings and demeanor. As for the financial sector, the bulk of fellow citizens will only have to build this bridge into the civilized world.