"Supposing they come up with very different ideals from
what we think should be for the prosperity and stability of
Singapore. It's going to be very troublesome," he
said.
"Supposing they had all argued about welfare state
and so on, then that's very troublesome for us
because we know that without resources, without economic growth and so on, a
welfare state will lead us to ruins."
But I thought there's economic growth in Singapore, so why no
welfare state?
Foreign investors then give welfare to them, don't tax them,
local Singaporeans tell them to go to hell.
Typical neo liberal right wing garbage propaganda. No wonder the
Socialist international kicked the PAP out.
They sold out the left wing agenda long ago. This fake left wing
party.
If foreigner with money brings it to Singapore, give them the
welfare state that they crave, don't tax and grab their money. Give
them the welfare.
As I write this, most of my wealth is located in countries with
which I have had no tax or residential connection for the last five
years. And the best part is... they
don't care.
These countries are all grateful for my investments and know full
well that, having no jurisdiction over me, if they create problems
for me my capital would leave in seconds.
I live in Singapore but
keep minimal wealth here. Singapore does not tax your wealth and
hence does not care where you keep your
capital.
But why give them a chance to trouble you? The next generation of
Singaporeans might be entitlement-oriented (and they are), and
therefore I want to be in a position to leave again when the time
comes.
If I am fortunate, that time may never
come, as
its tax regime is its core competency and main
attraction.
http://sgforums.com/forums/10/topics/456543
But if Singaporean, every single cent also must suck it out from
them. No welfare for them. More welfare programs means more
government spending, higher budgets.
Higher budget means more tax on rich. And the rich people
doesn't want that. Welfare programs for poorer working class or
lower middle class is worthless to the rich. That is the real
reason of the neoliberal agenda.