Raise taxes on the Rich - in Singapore

[enterprise2]

On the contrary the ones who should be made to contribute more are those useless peasants who seem to harbor the notion that somebody else owes them a living.

So u r part of the Republican group that opposes taxes?

 

[winnipegjets]

The rich have always carried the burden of looking after those damned useless, lazy, lousy good for nothing members of society. The top 10% contribute more than 70% of the tax take. Why should they have to do anything more.

How about getting the parasites to look after themselves for a change.

Proportionately, the rich pays dirt. Ignore the plight of the poor at your own peril.

 

[winnipegjets]

Then the rich will stop coming to spore and slowly but surely there will be no more rich fucks to tax.

The poor can go suck their own cocks then.

Then let these rich people leave. An economy is dependent on the masses, not on a selected few.

 

[Leongsam]

You think that people choose to be poor, to be unemployed? That's pure right-wing hogwash.

They may not have made a conscious choice to be poor or unemployed but their lack of willpower to lift themselves out of the rut they're in can hardly be blamed on anyone else. They have to take personal responsibility for the situation they're in.

If they are offered assistance without their having to work for it, it will do nothing but reinforce their negative behavior. What they need is a kick in the pants to nudge them towards the path of self reliance.

Even animals can learn to perform a series of tasks before they're rewarded. There is no reason why humans can't do the same.

<iframe src="http://embed.ted.com/talks/joshua_klein_on_the_intelligence_of_crows.html" width="560" height="315" frameborder="0" scrolling="no" webkitallowfullscreen="" mozallowfullscreen="" allowfullscreen=""></iframe>

 

[Whats4]

welcome back, bro!
happy new year!

hi zhi l never left the forum at all. Its just i dun do posting only. Happy new year!!!

 

[eatshitndie]

The US has done it. Nows our turn. It's time the rich bear a bigger burden and contribute more to the nation's coffers so that it can then spend more on social welfare. How about it? Those households with $400k annual income and above.

the so called 'fiscal cliff' simply reverts to pre-bush tax regimen. during bush jr's 2 terms, tax cuts were implemented temporarily (not permanently.... with emphasis) for about 12 years across the board with more sizable cuts handed out to those with a household income over usd250k. this plus 2 wars, endless foreign aid and unemployment welfare during the housing bust and ensuing recession contributed to the deep deficit. it's based on half truths that the latest deal incurs an increase in tax to the "rich". if passed, they are just reverting to old taxation while the middle class enjoys an extended bush-era "temporary" tax cut.

the u.s. tax code is convoluted, complicated and broke. please don't adopt or follow the u.s. system. only morons or ignoramuses will recommend sniffing and chasing uncle sam's rotten tail.

 

[enterprise2]

the so called 'fiscal cliff' simply reverts to pre-bush tax regimen. during bush jr's 2 terms, tax cuts were implemented temporarily (not permanently.... with emphasis) for about 12 years across the board with more sizable cuts handed out to those with a household income over usd250k. this plus 2 wars, endless foreign aid and unemployment welfare during the housing bust and ensuing recession contributed to the deep deficit. it's based on half truths that the latest deal incurs an increase in tax to the "rich". if passed, they are just reverting to old taxation while the middle class enjoys an extended bush-era "temporary" tax cut.

the u.s. tax code is convoluted, complicated and broke. please don't adopt or follow the u.s. system. only morons or ignoramuses will recommend sniffing and chasing uncle sam's rotten tail.

Look I never said to follow exactly the US. I just said let's raise taxes on the rich in Singapore. What's wrong with this?

 

[chuckyworld]

hi zhi l never left the forum at all. Its just i dun do posting only. Happy new year!!!

4whats, you disappear....must be busy with your gal eh!......

 

[zhihau]

4whats, you disappear....must be busy with your gal eh!......

good, good! must make merry and the best of it :p:p:p HUAT AH!!!

 

[ray_of_hope]

Capital losses can be used to offset capital gains to produce a net capital gain,
besides allowing capital losses to be carried forward to future years.

That is my point. You drew attention to the fact that there is no capital gains tax in Spore, and you then suggested because of that there should therefore be a more progressive tax on the rich. The Spore tax code is deliberately kept simplified to exclude one-off windfall gains. It should remain that way.

 

[ionzu]

Estate duty was abolished because they are aware that they have already squandered enough to their name or their family's name, so whatever existing that are subjected to this tax is negligible & they have found another way to take it back multiple times!

it was to hide the regime's embarrassment at how much they and their cronies/relatives had accumulated in their lifetimes. estate duty tax would have opened up the books on the deceased accounts and made it public info.

 

[Cestbon]

Rich people can fark off from this island IF they don't want to follow the laws of singapore.Why rich people like to come to Singapore ??? Singapore already a laundering hub for rich corrupt businessmen and generals and PAP welcome them with open hands.

The foreign company MNC will not set up in SG. No work???

 

[ionzu]

The rich have always carried the burden of looking after those damned useless, lazy, lousy good for nothing members of society. The top 10% contribute more than 70% of the tax take. Why should they have to do anything more.

How about getting the parasites to look after themselves for a change.

http://en.wikipedia.org/wiki/Causes_of_the_French_Revolution
The Causes of the French Revolution were the significant historical factors that led to the revolution of 1789 in France.
Although France in 1785 faced economic difficulties, mostly concerning the equitability of taxation, it was one of the richest and most powerful nations of Europe. Louis XVI, his ministers, and the widespread French nobility had become immensely unpopular. This was a consequence of the fact that peasants and, to a lesser extent, the poor and those aspiring to be bourgeoisie, were burdened with ruinously high taxes levied to support a wealthy monarchy, along with aristocrats and their sumptuous, often gluttonous lifestyles.

 

[winnipegjets]

If raise the tax like US. No one want to set up company in SG and rich people will not migrate to SG.

Business set up shop here because they can get cheap labor, thanks to the liberal immigration policies. Not because of taxes. Corporate taxes are lower in Ireland.

 

[winnipegjets]

The foreign company MNC will not set up in SG. No work???

Just tighten the immigration inflow and the MNC will move out in droves.

 

[Charlie99]

That is my point. You drew attention to the fact that there is no capital gains tax in Spore, and you then suggested because of that there should therefore be a more progressive tax on the rich. The Spore tax code is deliberately kept simplified to exclude one-off windfall gains. It should remain that way.

If SG govt prefers that way.
I am a non resident.

 

[congo9]

The foreign company MNC will not set up in SG. No work???

In this time and era of Singapore's history, we are still looknig for MNC to bump up your economy ? That is so rotten. Our govt believe in trickle down effect from the rich. That is to assume that the rich will invest more if they are tax less. This argument is flawed. Reason being, if they are already rich, the wealthly ones will always wants to get richer at the expense of the poorer and the under-privilege.

Singaopre boost to have the lowest income tax in the World, but when you add on the indirect tax. We are paying even more or equal then the citizens from 1st World nation. We do not have a social system.

Back to the topic, when the trickle effect does not work. The govt will always cut the tax contribution from the rich even more believing that the rich will invest more money. That is obviously the case here in Singapore. Take a look at the estate tax, they just abolished it without a debate at all. Take a look at out employment market, the 3rd world nation's citizens flooded Singapore. Which 1st world nation open their ass so big and welcome them with open arms ?

 

[congo9]

Just tighten the immigration inflow and the MNC will move out in droves.

If foreign MNC move out, obviously SME will take over the role of expaNDING THE economy. MNC likes to go for cheap cheap area. It a cycle Singapore has to endure to remake our economy.

 

[winnipegjets]

They may not have made a conscious choice to be poor or unemployed but their lack of willpower to lift themselves out of the rut they're in can hardly be blamed on anyone else. They have to take personal responsibility for the situation they're in.

If they are offered assistance without their having to work for it, it will do nothing but reinforce their negative behavior. What they need is a kick in the pants to nudge them towards the path of self reliance.

Even animals can learn to perform a series of tasks before they're rewarded. There is no reason why humans can't do the same.

<iframe src="http://embed.ted.com/talks/joshua_klein_on_the_intelligence_of_crows.html" width="560" height="315" frameborder="0" scrolling="no" webkitallowfullscreen="" mozallowfullscreen="" allowfullscreen=""></iframe>

Yeah, you're right. Those poor should rob the rich to better their own lives if there are no decent paying jobs to be found. The law of the jungle is the new law of the right and it is time the poor play the game.

 

[Cestbon]

In this time and era of Singapore's history, we are still looknig for MNC to bump up your economy ? That is so rotten. Our govt believe in trickle down effect from the rich. That is to assume that the rich will invest more if they are tax less. This argument is flawed. Reason being, if they are already rich, the wealthly ones will always wants to get richer at the expense of the poorer and the under-privilege.

Singaopre boost to have the lowest income tax in the World, but when you add on the indirect tax. We are paying even more or equal then the citizens from 1st World nation. We do not have a social system.

Back to the topic, when the trickle effect does not work. The govt will always cut the tax contribution from the rich even more believing that the rich will invest more money. That is obviously the case here in Singapore. Take a look at the estate tax, they just abolished it without a debate at all. Take a look at out employment market, the 3rd world nation's citizens flooded Singapore. Which 1st world nation open their ass so big and welcome them with open arms ?

Agree if added all the tax it will be about the same as USA.
Car tax/fuel tax are really high.. Per car a month base on current COE price car tax pus fuel tax is about $1k/car.