Is FTX the biggest theft in history?
As I sat down to blog about FTX and Sam Bankman-Fried (SBF), the first couple of lines of a Robert Louis Stevenson poem floated across my mind -- "The moon has a face like the clock in the hall; She shines on thieves on the garden wall." There's a rustic imagery of a bright moon over a burglar on a wall I once saw in a kiddy...
Covid-19 situation after relaxation of restrictions in China
Several reports from the western media, and from Channel NewsAsia and SCMP of Hong Kong said that the wave of covid infections had overwhelmed the health system in China and covid deaths were soaring. They suggested that the official statistics of covid deaths in China was grossly under-reported due to a change in definition...
Why GST is wasteful and should be abolished
I share this example to explain why I oppose GST strongly. a. When I sold my office property, I had to collect GST from the buyer and pay GST to IRAS (the tax authority) b. The buyer does not mind paying the GST, because they can recover it from the IRAS. c. I have to pay GST on the lawyer fees, and can recover the GST from...
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