Whahahahah ...he don't even know how many zero in a million
it is strange in this forum, sometime you talk to them, you wonder , who are these people? they lack even basic common sense. do they even have a job?
Whahahahah ...he don't even know how many zero in a million
There are many Sporeans who have accumulated $1 million or more over their lifetime. However this is Spore & it doesn't go far because of the high cost of living in Spore...................................
With a million I'm certain you can find something better
it is strange in this forum, sometime you talk to them, you wonder , who are these people? they lack even basic common sense. do they even have a job?
Leongsam can't be a multi-millionaire. Multi-millionaires have great compassion towards the poor and needy and they are worthy of many benevolent acts.
belfasttelegraph.co.uk
U2 frontman Bono's tax avoidance 'depriving poor'
Wednesday, 25 February 2009
U2 front man Bono came under fire today from campaigners who claim he his not putting his money where his mouth is.
The human rights activist was accused of robbing the world's poorest people by storing some of his wealth in a tax haven. Bono impersonator Paul O'Toole joined protesters outside the Irish Department of Finance on the eve of the launch of the band's new album No Line On The Horizon in the Irish Republic.
Campaign group the Debt and Development Coalition Ireland (DDCI) claimed the supergroup was depriving the Irish exchequer of much-needed revenue which could be spent on overseas aid.
It claimed that despite Bono's fight to help the world's poor, he had joined a list of individuals and corporations who have denied impoverished governments millions through tax avoidance or evasion.
DDCI's Nessa Ni Chasaide called on Bono to give his view on the impact of tax injustice on the impoverished world.
"We wanted to raise our concern that while Bono has championed the cause of fighting poverty and injustice in the impoverished world, the fact is that his band has moved part of its business to a tax shelter in the Netherlands," she said.
"Tax avoidance and tax evasion costs the impoverished world at least 160 million US dollars every year. This is money urgently required to bring people out of poverty.
"U2 is just one part of the problem. This is a much wider and systemic problem in our global financial system. Every company and individual has the responsibility to pay the right amount of tax."
The rock band moved the company U2 Ltd, set up to deal with royalty payments, to a finance house in Holland in 2006 after the Irish Government scrapped an artist income tax exemption scheme. The new limit was capped at 250,000 euro (£223,000).
Accounts for 2007 show U2 Ltd paid out more than 21 million euro (£19m) in wages.
Mr O'Toole also launched a mock version of one of U2's greatest hits, I Still Haven't Found What I'm Looking For, taunting the band for the move overseas.
Oxfam and Concern Worldwide are among 70 organisations involved in the coalition, which met Irish Finance Minister Brian Lenihan before protesters gathered.
"We have tax treaties with other countries that regulate where you pay tax," said Mr Lenihan. "There is a problem with smaller countries that have to set up deliberate tax havens. We are raising that at EU level." Andy Storey from justice group Afri said tax was a fundamental question of global justice.
"Lost taxes in impoverished countries far outweigh what they receive from rich countries in aid," he added. "There are trillions of dollars stashed in tax havens. If that money was taxed in the countries where it was earned, governments would have their own resources to improve the lives of their people."
Leongsam can't be a multi-millionaire. Multi-millionaires have great compassion towards the poor and needy and they are worthy of many benevolent acts. Best known examples are Warren Buffet and Bill Gates. They are socially responsible and seek to play a part in contibuting back to the community with what they have earned to help alleviate the problems that the poor, sick and least face.
Leongsam not only does not exhibit any of such attributes of multi-millionaires but are haughty and evil towards the poor and needy, mocking them relentlessly. So much as Leongsam tries to create an impression that he is a multi-millionaire, he's just a loser who had to quit S'pore.
warren buffet and bill gates are not multi millionaires, but multi billionaires, you twit. when you become a multi billionaire, dishing out millions to the underprivileged for tax deduction purposes is no hallmark of a true benevolent philanthropist. they are simply driven by too much tax exposure and prefer to channel gains that would have gone to the irs to some so called tax-exempt charity funds instead. if the irs and the tax code do not impose such a heavy tax burden on the very wealthy today or if the tax law exempts them from paying their share, billionaires would park all their gains in their family coffers and trusts and not give a single cent to charity.
in terms of job creation on a per capita basis, it's the multi millionaires who contribute the most. this is the same group who contributes the largest amount to the tax base. enterprise and job creations are the best and most effective philanthropic activity on this planet. every dollar spent is hundreds of times more productive than a single dollar given away freely to some loser asking for a free handout.
go to bedok reservoir or jump on mrt tracks :p
if the home is paid up, you have no car and have a million in cash, retirement in sg will be comfortable with room for multiple vacations outside of sg per year. sg is an exceptionally affordable and convenient place for retirees if you meet these criteria. definitely do-able in the 1m asset and 1m cash range. therefore, count your blessings.
not here in the sf bay area. to retire well and comfortable, you'll need at least 3m usd in investments and 2m usd in cash. the roi is a whopping 3% if you're lucky and 2% if you're satisfied with interest earnings as a fixed income. any major medical emergencies or treatment will deplete your cash and eat into your investments. at least in sg, you are never faced with a usd 5m bill for heart bypass surgery. :p
Looking at what Spore has become I don't think that even the local born rich are happy with the congestion, noise, pollution, problems,...... :(
It is well-known that LeongSam is a multi-millionaire with multiple passports living the high life in many countries.
I think this thread is getting to become a sticker thread and will be known as "SBF Millionaire Club"
Had I not emigrated, I'd be a pauper today. However, because I cashed out, I was able to realise the value of my assets (home + business) which I then placed in a low to medium risk portfolio.
This should reduce those whining/compraining threads you so abhor.
so, r u squandering away all ur moni now? ...... Since you'll be closer to meeting your maker, you can then start spending your capital and enjoying the luxuries of life. After all, you can't take it with you.
Unfortunately I have parents who think Spore as their home & not a hotel
Must be senility setting in
so, r u squandering away all ur moni now? ...