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Because they are not spending!! SG Private Consumption in relation to our GDP is only 41% for 2012!!
China is 35%, USA is 72%, UK is 64%. increasing in Private Consumption helps to boost the economy.
http://data.worldbank.org/indicator/NE.CON.PETC.ZS
Tax the rich more and redistribute monies to the poor, so as to raise the Private Consumption levels!
China is 35%, USA is 72%, UK is 64%. increasing in Private Consumption helps to boost the economy.
http://data.worldbank.org/indicator/NE.CON.PETC.ZS
Tax the rich more and redistribute monies to the poor, so as to raise the Private Consumption levels!
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