Quote:
|
Any immigrant who marries a Singaporean automatically gets a Singapore Citizenship. Talk about devaluing your country's people and making them cheap cattle. Come breed with our people so we can tax your ass and pay my monkey son 2.6 million dollars in salary each year.
|
I think your view is a bit warped and a lot of it goes against trend. I have family living there and I visit often. You're right that people are working their asses off their, im damn sure about that. And most people don't live well as in most low taxation island states, so you have HDB housing on one side and regular housing on another.
However, the rules regarding bringing people over for tax purposes doesn't make a whole lot of sense. Wealthy who move to Singapore do so to enjoy the low taxes and many who live there pay a zero rate of income tax.
The reason is because tax is territorial there -if your income is derived from outside of Singapore. This is why a lot of wealthy move there with their foreign companies paying them dividends (the non-source results in the zero rate). Most of the wealthy do a lot of tax planning before they consider Singapore and I'm quite sure they pay low taxes because I know many in that situation.
The GDP per capita figures are official..... and absolutely straight (compiled by independent sources like the CIA, a US intelligence agency), but you have to understand that you have a small number of people earning very high incomes and the masses earning very low incomes and it averages out to the GDP per capita figure. It is still one of the highest in the world and with good reason.
Probably you haven't kept that much in touch with back home since you left and a lot has changed over the years...