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Singapore: A tax haven for the super rich evading taxes from their own countries?
- Thread starter Prometheus888
- Start date
There are more than enough in indirect taxes to take care of infrastructure needs. The rich pay road taxes, COEs, ARF, stamp duty, property taxes, fuel taxes, GST and a myriad of other covert taxes that are built into the system.
Those who own large companies pay significant sums in corporate taxes and various levies. They also create jobs and each job they create pays taxes.
The idea that the rich get away scot free when it comes to taxes is a fallacy perpetuated by the lefty socialists who depend upon their "wealth is evil" rhetoric to fuel their support base.
Just because rich don't pay a huge amount of income tax doesn't mean they're milking the system. On the contrary. One wealthy and successful individual who runs a company which employs 1000 people has single handedly generated a huge amount in tax revenue for the country, Do the sums yourself and see what you come up with.
Thats correct. Those people who harp about the rich not paying taxes clearly don't know hat they are talking about. They are easily fooled and manipulated by liberals like WP. So stupid.
One of the wealthiest group are the career politician of Spore 
As they ARE the gov't it wouldn't surprise me if they are exempt from all these taxes, or are getting an allowance to cover these costs. So the tax payers are footing the bill:(
There is obviously a conflict of interest involved in Spore. In the 1st world, civil servants are not allowed to profit from their position. For example the PM has to put their wealth into a blind trust while in power. Obviously such safeguards don't apply in Spore. It is rumored that a certain politician is the richest man in Spore & may even be the richest man in Asia
As they ARE the gov't it wouldn't surprise me if they are exempt from all these taxes, or are getting an allowance to cover these costs. So the tax payers are footing the bill:(
There is obviously a conflict of interest involved in Spore. In the 1st world, civil servants are not allowed to profit from their position. For example the PM has to put their wealth into a blind trust while in power. Obviously such safeguards don't apply in Spore. It is rumored that a certain politician is the richest man in Spore & may even be the richest man in Asia
The "government" should be treated as a mere service provider, no different from the ah pek who polishes your shoes. If you want someone to control pollution in your area, pay for it. If you think money could be better spent on other things that are more pertinent to your needs, don't pay for it. The essence of anarcho-capitalism is about maximising the self-interests of the individual.
With that, it speaks volumes about the quality (or rather the bankruptcy) of your contributions here......
You need some tax revenue to provide public goods e.g. street lighting, road repairs. Some things cannot, and should not be privatized.
I bet you've never studied economics.
Are these thing privatised in Singapore? What talking lu?
I already explained how significantly the rich contribute to society in this post.
Without the wealth creators, there is no economic activity. Without economic activity, there are no jobs. Without jobs, there is no tax revenue.
It all starts at the top. The billionaires of the world may not be paying large amounts of direct taxes but the tax revenue they generate makes up a huge proportion of the total tax take.
The 80/20 rule is certainly applicable in the Singapore context.
I was using them as examples of things that are paid for by taxpayer's money.
You are an imbecile with an appallingly low reading comprehension skills.
I'm done with you.
and these taxes so call evaded are very unfair.
they are taxes on saving, that means that you save a big amount of money, the gov in west, want part of it, every year.
and taxes on property, that means you have a big house, the gov in west, want part of the it, every year.
what does the western gov gave the money to? terrorist asylum seekers and bums in their country who never work for a single day in their life. young women who dun want to work, so they go to pub and get a baby and gov have to feed them until children grow up.
they are taxes on saving, that means that you save a big amount of money, the gov in west, want part of it, every year.
and taxes on property, that means you have a big house, the gov in west, want part of the it, every year.
what does the western gov gave the money to? terrorist asylum seekers and bums in their country who never work for a single day in their life. young women who dun want to work, so they go to pub and get a baby and gov have to feed them until children grow up.
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So how entrepreneurial are low-tax Sinkieland and HK? Both cities are dominated by large, unwieldy corporations without an ounce of entrepreneurial ingenuity and gumption in their blood. You're more likely to find their people slogging for others as opposed to starting their own businesses.
Care to back up your assertion that tax revenue goes towards sustaining "terrorist asylum seekers and bums"? How much of the government spending in western countries do unemployment benefits take up? Any figures for us?
I polish my own shoes because 1. I don't wear leather shoes often 2. I believe money can be better spent on something else. You can't do that if a monopolistic entity called "government" forces you to pay for shoe polishing services, whether you want to do so or not. A slight majority of the people voted for you to subsidise their shoe polishing, so you must pay up or you'll be thrown into jail because the shoe polishers don't just monopolise shoe polishing but also the weapons industry.
Boss, I disagree. If I manage to benefit from public goods without paying i.e. "free ride", it's not my concern that those providing the goods can't profit from me. "Tough luck" is all I can say to them.
If a Bangla construction site worker is the richest in Singapore then, I am very sure you can become a suitable candidate for the post of Finance Minister when the current one leaves. You possess all the qualities and traits of a good one, especially the taxes you mentioned and the propserity that such a system will bring on the country, people and leadership.
Three Cheers for Kinana,
that is exactly what western countries especially european countries do.
where do you think they get the money to fund their cosy welfare system.
the way their system build is that the people who saved, will lost all their money and property when they are old due to sickness.
the one who spend spend spend will have nothing to lose, and gov take care of their expense when they are old via social welfare system.
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