Can you go and read focal's post first ?? Geesh !
If you keep increasing the tax rate of the rich, you will
eventually get to a point when the net income will not be very far
off from each.
Look, I used to think like you. When I was really poor.
I want the rich to pay for my welfare, I want the rich to pay
for my everything. And no I don't want to pay for shyt. Why ?
Because I am poor, and so I am under priviledged.
Now that I worked my way up the income scale.. you think I care
to give away a big chunk of my hard earned money to someone just to
close the income gap ?
It's all relative.
But like I said, the welfare system needs to be set up to
support the needy. Without overly penalizing the rich.
Like my friend who is a Canadian, he left his country to go work
somewhere else because he can no longer tolerate the high income
tax rate in Canada.
This is real life, this is how it works. There's no running away
from it.
I don't find anything wrong with his post, it's compassionate,
unlike the selfish you, only wish to pay less taxes because you are
rich. Shame on you.
Originally posted by Hyperfocal:
Types of taxes
I prefer a system of taxation where more revenue is collected
from income tax. Those who earn more, pay more tax.
In recent years, there has been a move to shift taxation from
income tax to consumption tax, which is known as goods and services
tax (GST) in Singapore. GST has increased the cost of living for
everyone and has hit the lower income people hardest.
I hope that the GST will not be increased further from the
current level. If possible, it should be reduced to 5 percent or
lower. If more tax revenue is required, it can be collected from
income tax, property tax and other sources.
Conclusion
Our past economic strategy has contributed to the economic
success of Singapore. They have also contributed to social
problems. Some of these problems have not been understood or
analysed.
I believe that a system of higher corporate and income taxes,
and lower consumption tax (i.e. GST) may be more beneficial to
citizens and permanent residents living in Singapore.
We also need to review the current policy on “means testing” and
also the manner of distributing budget surpluses based on type of
housing. I prefer a system of equal access to the social benefits.
I hope that these issues can now be considered.
If you find the tax system in Russia, Latvia, Mongolia,
Slovenia, etc works for you, then by all means go ahead and
emigrate there, nobody's stopping you.
We won't miss you. Serious. 
