3 ms·
That does not count the missing opportunity cost, which is the actual tax from the savings
by Muromec 8mo ago
That does not count the missing opportunity cost, which is the actual tax from the savings
- NoLinkToMe 8mo agoNo because in other similar countries like the example I gave of mine, that money is taxed and goes to another person. There is no opportunity cost. In Singapore it's 'taxed' and earmarked to you, and then generates a very modest ROI. Yes there is an opportunity cost versus a place like Dubai that has 0% tax. But not compared to a similar welfare state that puts a 40% tax and you lose that money forever.