(21-02-2022, 01:02 AM)ROFLMAO Wrote: I agree with the property part or the CPF ..My point is if someone make a lot of money , better spend to help the economy and pay their taxes.. If every wealthy person try to accumulate and hoard money like him, it is not good for the society as a whole.
Last time I like " stupid, gullible " later Under my Rich Uncle , I slowly know one thing.
Tactically speaking NOT Every rich people spend. Thus Gov claim on GST , they claim the RICH spend thus pay MORE GST.
Yes in some way correct, IF They buy GCB , atas condo at prime areas, super cars, tons of high end luxury goods ,
like Jamie Chua " IF " she still continue collect luxury limited ones handbags , STILL spend a a lot or Peter Lim daughter these people obviously contribute A lot because they spend a lot thus contribute A LOT GST
Whereas MOST RICH are not like Jamie Chua . wow money " really free per month get 300k ++ from ex hubby due to divorce just because she used to help her ex hubby business etc so entitle that amount payout every month " or like Peter lim , Seng Song Bosses etc
Those are so call Upper rich, than come those so call Rich , they also drive super car, stay GCB , own business , startup yearly profits also some their company also get Listed BUT They don't spend much actually.
You know wat I mean here. Is all Depend one lifestyle even hobbies etc.