Socialism

[Leongsam]

Most of norwegian companies are state controlled. Much like singapore.competing unfairly in domestic market.

So Singapore is socialist too?

 

[syed putra]

So Singapore is socialist too?

Its state controlled business environment .its not even capitalism.

 

[Leongsam]

Its state controlled business environment .its not even capitalism.

socialism
noun
so·cial·ism | \ ˈsō-shə-ˌli-zəm \
Definition of socialism

1: any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods
2a: a system of society or group living in which there is no private property
b: a system or condition of society in which the means of production are owned and controlled by the state
3: a stage of society in Marxist theory transitional between capitalism and communism and distinguished by unequal distribution of goods and pay according to work done

 

[mojito]

The problem with laissez faire capitalism -- which is the opposite extreme -- is that governments have crafted it as socialism for the rich, rather than as true, equal opportunity competition without fear or favour.

Rather than debating between two extremes, one should find the middle ground. This needs strong and sound government, not strong corporations or even strong democracy.

That is why we need to unite behind the PAP and reject the divisive politics wrought by the oppies! Government how to be strong if weakened by internal conflicts you tell me? Vote. Them. Out!

 

[mojito]

So Singapore is socialist too?

To answer that question, ask yourself if CPF is de facto your own money?

 

[syed putra]

Finland has this basic income programme for the unemployed which boost vonfidence and help them look for work and get jobs.but that experiment will end soon.
Finnish economy has least gahmen intervention.

 

[winnipegjets]

“The problem with socialism is that you eventually run out of other people's money.” - Margaret Thatcher

The problem with Capitalism is that the majority will be screwed eventually. - Winnipegjets

 

[winnipegjets]

“The problem with socialism is that you eventually run out of other people's money.” - Margaret Thatcher

The problem with Capitalism is that the majority will be screwed eventually and society will be in chaos. - Winnipegjets

 

[winnipegjets]

Most of norwegian companies are state controlled. Much like singapore.competing unfairly in domestic market.

Industrial policy. Unfettered capitalism leads to the majority losing out to the minority.

 

[winnipegjets]

Don't worry, there is more to come as the majority rebel against the capitalists. The failure of capitalism will then becomes obvious. The majority have seen themselves stagnated while the rich are getting richer. To think that that is okay is foolishness.

 

[winnipegjets]

Social democracy is the way to go ...not communism, not unfettered capitalism, not socialism.

 

[syed putra]

Since those who pay taxes contribute to the country, maybe a new form of democracy should be introduced based on the amount of personal tax the person pay.
If say, you pay nothing, you get no vote. If you pay a million, you get a million votes. Its an incentive for the rich to pay taxes otherwise if based on one man one vote, the non tax payers will normally choose leaders that are incompatible with creating wealth.

 

[Leongsam]

Since those who pay taxes contribute to the country, maybe a new form of democracy should be introduced based on the amount of personal tax the person pay.
If say, you pay nothing, you get no vote. If you pay a million, you get a million votes. Its an incentive for the rich to pay taxes otherwise if based on one man one vote, the non tax payers will normally choose leaders that are incompatible with creating wealth.

You sound like LKY who had similar ideas about the the failure of the one man, one vote system.

 

[Leongsam]

To answer that question, ask yourself if CPF is de facto your own money?

It certainly is because

1. I used it to buy two houses that were in my name.

2. I have withdrawn more than half a million dollars since I turned 55. I still have a few hundred thousand available to me to withdraw if I need it.

 

[mojito]

It certainly is because

1. I used it to buy two houses that were in my name.

2. I have withdrawn more than half a million dollars since I turned 55. I still have a few hundred thousand available to me to withdraw if I need it.

If you bought 2 houses, you must have sold at least once. Where the money go?

 

[Leongsam]

Finland has this basic income programme for the unemployed which boost vonfidence and help them look for work and get jobs.but that experiment will end soon.
Finnish economy has least gahmen intervention.

Finland is not a socialist state.

 

[Leongsam]

If you bought 2 houses, you must have sold at least once. Where the money go?

I sold both houses. The CPF money was returned with interest because I had not reached the age of 55 at the time. The profit of more than $700,000 went straight to my bank account.

When I reached 55 I withdrew the rest.

It felt like it was mine, I could use it to buy property as if it were mine. I could help myself to it when I turned 55. I have therefore concluded that it was mine.

 

[Leongsam]

Social democracy is the way to go ...not communism, not unfettered capitalism, not socialism.

The USA has a comfortable safety net for the disadvantaged and is therefore a social democracy.

Social programs in the United States
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The Social Security Administration, created in 1935, was the first major federal welfare agency and continues to be the most prominent.[1]
Social programs in the United States are welfare subsidies designed to meet needs of the American population. Federal and state welfare programs include cash assistance, healthcare and medical provisions, food assistance, housing subsidies, energy and utilities subsidies, education and childcare assistance, and subsidies and assistance for other basic services. Private provisions from employers, either mandated by policy or voluntary, also provide similar social welfare benefits.
The programs vary in eligibility requirements and are provided by various organizations on a federal, state, local and private level. They help to provide food, shelter, education, healthcare and money to U.S. citizens through primary and secondary education, subsidies of college education, unemployment disability insurance, subsidies for eligible low-wage workers, subsidies for housing, Supplemental Nutrition Assistance Programbenefits, pensions for eligible persons and health insurance programs that cover public employees. The Social Security system is sometimes considered to be a social aid program and has some characteristics of such programs, but unlike these programs, social security was designed as a self-funded security blanket—so that as the payee pays in (during working years), they are pre-paying for the payments they'll receive back out of the system when they are no longer working. Medicare is another prominent program, among other healthcare provisions such as Medicaid and the State Children's Health Insurance Program.

 

[mojito]

I sold both houses. The CPF money was returned with interest because I had not reached the age of 55 at the time. The profit of more than $700,000 went straight to my bank account.

When I reached 55 I withdrew the rest.

It felt like it was mine, I could use it to buy property as if it were mine. I could help myself to it when I turned 55. I have therefore concluded that it was mine.

Both times you sell all moneys go back to cpf. You sell the second one where you gonna stay? Now no more 55 it is 70, 65 if you make the effort to opt out. Smelly or not you tell me? I be worried if I were you. GIC temasek belly up maybe not even get back 5 cents to the dollar.

 

[Leongsam]

Both times you sell all moneys go back to cpf. You sell the second one where you gonna stay? Now no more 55 it is 70, 65 if you make the effort to opt out. Smelly or not you tell me? I be worried if I were you. GIC temasek belly up maybe not even get back 5 cents to the dollar.

I moved to Perth and I don't worry about Temasek going belly up because they are very prudent in the way the funds are managed.

I checked the CPF website and withdrawal is still 55.

Withdrawals of CPF savings from 55

When can I withdraw my CPF savings?
Upon turning 55 years old, members can withdraw their CPF savings, after setting aside their Full Retirement Sum or Basic Retirement Sum with sufficient CPF property charge/pledge in their Retirement Account.
Members who turned 55 from 2013 (i.e. born in 1958 or after) also have the option to withdraw a lump sum of up to 20% of the savings in their Retirement Account from their payout eligibility age (includes the first $5,000 that can be withdrawn at 55).