15-10-2021, 03:44 PM
(15-10-2021, 03:28 PM)RiseofAsia Wrote: The problem is that the ultra rich ppl keep accumulate their wealth without spending much of their $$$ or asset.
The economy needs spending to move.
Otherwise the MAS needs to print more $$$ to boost the economy. This is the main reason inequality starts.
If the ultra rich ppl dont spend. Tax them jialat jialat and distribute some their $$$ to the poor to spend...
This was what Trump and Ah Xi are doing.
Helping ppl is the best deed(大善举) in life. But many ultra rich ppl dont know....
The ultra rich here, needs to buy big ticket items, and pay high GST, so that govt. coffers can be filled. The giving of rebates to the poorest of the of the poor is a good scheme...