this post was submitted on 26 Nov 2025
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Currently, Taiwan has set an increase in its defense budget to 3.3% of its GDP for 2026, allocating $949.5 billion Taiwan dollars ($31.18 billion). U.S. President Donald Trump has demanded Taiwan raise its defense spending to as much as 10% of GDP, a proportion well above what the U.S. or any of its major allies spend.

Lai had previewed the announcement in an op-ed for The Washington Post on Wednesday, saying the special budget would be used to purchase arms from the U.S. He told reporters Wednesday, however, that the budget has nothing to do with the government’s tariff negotiations with the U.S.

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[–] kindred@lemmy.dbzer0.com -2 points 1 day ago (1 children)

Wealthy capitalists, if they're not based in the US

Are you talking about this part? If so, what I was saying was that billionaires moved to either the US or the three countries I mentioned.

That means the billionaires from China also did not move to Taiwan.

You can also look at the wiki for Taiwan's billionaires. Only one was born in China and not Taiwan (Hong Kong, specifically), and I'm pretty sure he moved to Taiwan way before the events we're taking about in this thread.

[–] BrainInABox@lemmy.ml 2 points 22 hours ago

Lol, I thought you were blocking me, you coward. Felt you needed to get the last word in first?