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- Jul 10, 2008
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Recession resulted exactly because the govt wanted to rob the rich n give to the poor. The rich stop spending n investing n now everyone is poor.
Well said. You are one smart cookie.
Recession resulted exactly because the govt wanted to rob the rich n give to the poor. The rich stop spending n investing n now everyone is poor.
Well said. You are one smart cookie.
But they rarely do, until the elephant is old and weak. Under the true law of the jungle, the winner gets the prey and the loser goes hungry. The true law of the jungle does not make the winning lion share the prey with the rest. The rest just get the scraps.
I suggest you read up on the French Revolution. See what happens to aristocracy when they push their luck too far!!
I suggest you read up on the French Revolution. See what happens to aristocracy when they push their luck too far!!
In the mid 1980s, Reagan raised taxes significantly, and yet the USA economy grew. In the eight year under Bush II, taxes were cut significantly, yet there were two major recessions. Tell me, how does this gel with what you're saying?Recession resulted exactly because the govt wanted to rob the rich n give to the poor. The rich stop spending n investing n now everyone is poor.
The fact is the concept of government robbing the rich to give the poor is just a red herring, a ruse for the rich to trick the country into lowering their taxes. What is unsaid is that bulk of government expenditure goes towards basic services and public good, and not into social welfare for the undeserving.
Wrong because it is at the expense of people who earn a hundred time less. If they don't realise that they are very privileged to receive this salary, they do not deserve their million dollars.What wrong with being paid millions sir?
What is the point of creating non-paying jobs with the investors making huge profits which are lightly taxed?Investments and expenditures help stimulate the economy and provide jobs to people. How can you fault people for spending their money and making investments?
The trouble is only the interest of the rich is covered on all bases. The poor, because of their low salaries, have to resort to begging when they need a subsidy for medical care or, for the even poorer ones, they have to wait for the national day or Lunar New Year handouts.The interests of all are looked into. Not just the poor but the rich as well.
Recession comes exactly because you want to rob the rich and give to the poor. Just look at Europe and North America.
So why shouldn't each citizen pay the same price for the same amount of utility he derives from the public good? A flat $8k to $10k annual tax will be much fairer than the progressive tax system.
In the mid 1980s, Reagan raised taxes significantly, and yet the USA economy grew. In the eight year under Bush II, taxes were cut significantly, yet there were two major recessions. Tell me, how does this gel with what you're saying?
The fact is the concept of government robbing the rich to give the poor is just a red herring, a ruse for the rich to trick the country into lowering their taxes. What is unsaid is that bulk of government expenditure goes towards basic services and public good, and not into social welfare for the undeserving. And the rich are benefitting from business deals generated from govt expenditures. Who are making big bucks on govt projects like road works, building schools, town council software etc.?
In the mid 1980s, Reagan raised taxes significantly, and yet the USA economy grew. In the eight year under Bush II, taxes were cut significantly, yet there were two major recessions. Tell me, how does this gel with what you're saying?
The fact is the concept of government robbing the rich to give the poor is just a red herring, a ruse for the rich to trick the country into lowering their taxes. What is unsaid is that bulk of government expenditure goes towards basic services and public good, and not into social welfare for the undeserving. And the rich are benefitting from business deals generated from govt expenditures. Who are making big bucks on govt projects like road works, building schools, town council software etc.?
It is already the case in sg with GST, COE etc. the rich here hardly pay taxes, many of them expense their personal spending under their company, thereby minimizing corporate tax. They also book as much profit as possible under BVI, Dubai and other tax havens, then bring the money back to sg without tax.So why shouldn't each citizen pay the same price for the same amount of utility he derives from the public good? A flat $8k to $10k annual tax will be much fairer than the progressive tax system.
This I agree. Solution is to get rid of this government and replace it with a social democratic government. The PAP is a right-wing government.
Recession resulted exactly because the govt wanted to rob the rich n give to the poor. The rich stop spending n investing n now everyone is poor.
Ang mor land was fucked not because of social democrats, but because of rapid shift of manufacturing to china and services to India. So many people were suddenly out of jobs and there were insufficient jobs to go around. This is the real issue. Not high tax on rich etc.Like that singapore will go down the dumps even faster,,,social democrats are the worse of the scum of the earth,,,,they have already fuck up ang mor lands,,,singkies are screwed enough,,,dont have to make it worse,,,
So why shouldn't each citizen pay the same price for the same amount of utility he derives from the public good? A flat $8k to $10k annual tax will be much fairer than the progressive tax system.
Ang mor land was fucked not because of social democrats, but because of rapid shift of manufacturing to china and services to India. So many people were suddenly out of jobs and there were insufficient jobs to go around. This is the real issue. Not high tax on rich etc.
In the mid 1980s, Reagan raised taxes significantly, and yet the USA economy grew. In the eight year under Bush II, taxes were cut significantly, yet there were two major recessions. Tell me, how does this gel with what you're saying?
The fact is the concept of government robbing the rich to give the poor is just a red herring, a ruse for the rich to trick the country into lowering their taxes. What is unsaid is that bulk of government expenditure goes towards basic services and public good, and not into social welfare for the undeserving. And the rich are benefitting from business deals generated from govt expenditures. Who are making big bucks on govt projects like road works, building schools, town council software etc.?