SG Talk

Singapore ranks 3rd on crony capitalism index, but why gov’t reluctant to tax the rich more?



https://theindependent.sg/singapore-rank...rich-more/

(15-03-2022, 09:16 AM)Bigiron Wrote: [ -> ]Singapore ranks 3rd on crony capitalism index, but why gov’t reluctant to tax the rich more?



https://theindependent.sg/singapore-rank...rich-more/

No wonder 1% of top Singaporeans own 34% of Singapore total wealth.


Only achieved thru Crony Capitalism

The Economist researched and reported Singapore ranked as 3rd World's Crony Capitalism has correlation with Credit Suisse recent survey showing 1% top wealthy Singaporeans own 34% of the country's total wealth.

There's correlation with  nothing to argue or very little to dispute about.

(15-03-2022, 11:46 AM)Scythian Wrote: [ -> ]The Economist researched and reported Singapore ranked as 3rd World's Crony Capitalism has correlation with Credit Suisse recent survey showing 1% top wealthy Singaporeans own 34% of the country's total wealth.

There's correlation with  nothing to argue or very little to dispute about.

If that's true..
They were implying that 99% idiots were robbed under bright daylight.

Literally, cheated

This topic quite new an cheem for me . . .

I go and read up more first.

Why gov’t reluctant to tax the rich more?

The answer is here  https://sgtalk.net/Thread-Top-10-Richest...#pid160496

It is precisely because Singapore ranks 3rd on crony capitalism index that they are reluctant to tax the rich more.

(15-03-2022, 11:50 AM)Ola Wrote: [ -> ]This topic quite new an cheem for me . . .

I go and read up more first.

The Economists had originally published first findings many years ago either in 2004 or 2014 ( I cannot remember now)

Someone complained and questioned the findings, they dropped it

Google and you find them..

(15-03-2022, 11:55 AM)Blasterlord2 Wrote: [ -> ]It is precisely because Singapore ranks 3rd on crony capitalism index that they are reluctant to tax the rich more.

Thru crony Capitalism in the system, it has created many billionaires in Singapore.

The large majority are poor and living from hand to mouth

(15-03-2022, 11:54 AM)Dan Wrote: [ -> ]Why gov’t reluctant to tax the rich more?

The answer is here  https://sgtalk.net/Thread-Top-10-Richest...#pid160496

Singapore leaders are competing with Russia and  Malaysia for the Championship trophy.

Singapore wanted to be No. 1