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There's also no capital gains tax in Hong Kong or Singapore and yet those places are not crime-ridden dysptopias. If you believe a higher level of taxation is n
by benmccann 14y ago
There's also no capital gains tax in Hong Kong or Singapore and yet those places are not crime-ridden dysptopias. If you believe a higher level of taxation is necessary to support the services that you believe the government should offer then it would be much more constructive to provide some evidence of that rather than just being snarky.
- seanmcdirmid 14y agoBoth are city states, they are hardly countries and much of their success is by proximity to countries where taxes aren't low (PRC, Malaysia). Also, neither HK or Singapore are very cheap. You don't pay taxes, you just pay more. A car in Singapore, for example, is around $100K every 5 or 6 years. I'm very tired of Americans complaining about taxes when they have one of the lowest tax burdens in the world along with the lowest cost of living based on value.