More Social Spending Necesitates Substantial Rises in Taxes?
Straw Men and Paradigms: A Response to Alex Au’s Recent Article In a debate one tactic which often works is to ascribe to your opponent a position that he does not hold, which is easy to refute, and then demolish that. Or else to quote his arguments out of context or associate him with a group who superficially might...
F1: Sharing the $1bn in value add with the losers?
Singaporeans must accept F1 race as necessary event: MTI (The Trade and Industry Ministry says the community must accept the Singapore Formula One race as a necessary event in Singapore. This is because the race has reaped benefits such as enhancing Singapore’s image and bringing in more tourism receipts.) And Teo Ser Luck:...
The Link Between Chinese Stimulus, Las Vegas Gambling, and Singaporean Accounting
There is a great Wall Street Journal article about how the rapid increase in high stakes Chinese gamblers in Las Vegas is prompting money laundering concerns. Given that Chinese citizens are only legally allowed to take $50,000 USD out of China a year, how can they wager up to $400,000 USD in Las Vegas? There are three things...
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