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That's really interesting. So Singapore basically has almost a georgist type thing going on? Do they collect much revenue in other ways or just predominantly re
by jbc1 7y ago
That's really interesting. So Singapore basically has almost a georgist type thing going on? Do they collect much revenue in other ways or just predominantly rely on rent?
- eru 7y agoIt's not that Georgist in practice. See https://www.iras.gov.sg/irashome/Annual-Reports/Corporate-Information-and-Highlights/Our-Revenue-Collection/ https://www.iras.gov.sg/irashome/Annual-Reports/Corporate-In... for where government revenue comes from. Income taxes provide more than taxes connected to land. Singapore is however probably the closest thing you can find to an implementation of orthodox economics' prescriptions. (Especially since Hong Kong introduced minimum wage laws.)