And the last thing we need in this country is working people making a decent buck.
"Prosperity Through Lower Wages!"
Stupid *****....
Wanna see how it's done....?
Per Capita GDP:
Singapore; 82,000
.
.
.
United States: 54,000
Saudi Arabia; 52,000
Dirty Scandi Sweden; 46,000
Modern-day economy
The
Port of Singapore, one of the
world's five busiest,
[67] with the skyline of Singapore in the background
Today, Singapore has a highly developed
market economy, based historically on extended
entrepôt trade. Along with Hong Kong,
South Korea, and
Taiwan, Singapore is one of the original Four Asian Tigers. The Singaporean economy is known as one of the freest,
[68] most innovative,
[69] most competitive,
[70] and most business-friendly.
[71] The 2013
Index of Economic Freedom ranks Singapore as the second freest economy in the world, behind Hong Kong. According to the
Corruption Perceptions Index, Singapore is consistently ranked as one of the least corrupt countries in the world, along with
New Zealand and the
Scandinavian countries.
Singapore is the 14th largest exporter and the 15th largest importer in the world. The country has the highest trade-to-GDP ratio in the world at 407.9 percent, signifying the importance of trade to its economy. The country is currently the only Asian country to receive AAA
credit ratings from all
three major credit rating agencies:
Standard & Poor's,
Moody's,
Fitch.
[72][73] Singapore attracts a large amount of foreign investment as a result of its location, corruption-free environment, skilled workforce, low tax rates and advanced
infrastructure. There are more than 7,000 multinational corporations from the United States, Japan, and Europe in Singapore. There are also approximately 1,500 companies from China and a similar number from India. Foreign firms are found in almost all sectors of the country's economy. Singapore is also the second-largest foreign investor in India.
[74] Roughly 44 percent of the Singaporean workforce is made up of non-Singaporeans.
[75] Over ten
free-trade agreements have been signed with other countries and regions.
[76] Despite market freedom, Singapore's government operations have a significant stake in the economy, contributing 22% of the GDP.
[77]
Singapore also possesses the world's eleventh
largest foreign reserves,
[78] and has one of the highest
net international investment position per capita.
[79][80] The currency of Singapore is the Singapore dollar, issued by the
Monetary Authority of Singapore.
[81] It is interchangeable with the
Brunei dollar.
[82]
In recent years, the country has been identified as an increasingly popular
tax haven for the wealthy due to the
low tax rate on personal income and tax exemptions on foreign-based income and capital gains. Australian millionaire retailer Brett Blundy, with an estimated personal wealth worth AU$835 million, and multi-billionaire Facebook co-founder
Eduardo Saverin are two examples of wealthy individuals who have settled in Singapore (Blundy in 2013 and Saverin in 2012).
[83] Singapore ranked fifth on the
Tax Justice Network's 2013
Financial Secrecy Index of the world's top tax havens, scoring narrowly ahead of the United States.
[84]
dimocraps are some stupid bitches
