But there is virtually no personal freedom there. You can be heavily fined for being in possession of chewing gum. And possession of even the smallest amount of narcotics brings an automatic death penalty. They may be prosperous, but I suspect a whole lot of these folks will not enjoy life there.
I just hope these guys know that if they drop a piece of chewing gum on the sidewalk, they’ll be jailed and flogged. This doesn’t happen on the streets of lower Manhattan!
But the growing income disparity is unacceptable. Those fat cats need to be taxed.
-—Unemployment is only 2.1%——
It’s sad to think about the vast, unnecessary waste of human potential in our country, due to socialist policies.
Hmm! Is that why Obama is training Singaporean naval officers and civilian Singaporean ministry of defense officials at the Naval Postgraduate school? To protect the bankers?
IN a word, MONEY! Or capital if you prefer...
I spent a week in Singapore a few years ago, and thoroughly enjoyed it.
Singapore is a very nice country and miles ahead of most of Asia except maybe Japan. I have family which has lived there for 15 years.
What helps Singapore a lot is that they have a desire for simplicity and transparency in business (not always easy in a densely populated place) and they are rigorous about beating down corruption. And unlike Europe and the current US administration, they DO understand how wealth is built.
On the other hand, it is not a libertarian paradise at all, they DO have significant government regulation of daily life.
So, from my brief 10 days there, it’s a mixed bag. A very interesting mixed bag, but a mixed bag.
They do have Universal Health Care, though. You get taxed a certain % and then you get a voucher to go buy health insurance. Their Social Security system is a sort of mandatory 401K. And you get taxes lowered if you live near aged parents, which is, uh... interesting, though typical of their type of government intervention.
Galt’s Gulch?
A bit sensationalized I’m afraid.
This article is apparently based on places “bankers” would WANT to move. As opposed to have already moved to.
I could take a survey and ask what kind of car people would like to drive. Wouldn’t mean that they’re all driving those cars.
UN Global Governance per the Agenda 21 is also in Singapore. They are just buying time.
It fills me with warmth to know that our taxpayer bailout funds went to pay these guys to leave the USA and party in Singapore for life on our dime.
I’m sure you all are just as thrilled as I am.
I had the sense the TARP money would be used to make some bankers rich so they would have ample funds to ride out the economic depression. It is working out for them in spades.
TARP goes to banks. Banks hand it over to employees as bonuses. Employees flee the USA for Singapore. Nice work if you can get it.
Burn in hell you evil scum. Burn in hell.
Interesting thread.Not much mention of the associated capital outflow.
:-)
Business Insider vacillates between an Obama-reelection propaganda machine and the Cassandra pointing out what’s wrong with our current system in the US. The schizophrenia makes it hard to read.