Capitalism loses out to Socialism, per Heritage Foundation Post #30102 • Liberal Forum

Cannonpointer » 17 Jul 2019 2:51 pm » wrote: You are an economic illiterate.

The government owns Temasek - a multinational conglomerate of corporations which generate wealth for Singapore, allowing it to have low taxes because the government owns the means of production.

You've been given links - do you need them again? I can link you directly to Temasek's site if you've been unable to do your research before mouth ****, or I can link you to wiki - please express your preference and stop prevaricating.

YOU ARE FUNDAMENTALLY DISHONEST.

I didn't comment on who owns the holding company, nor does that matter much. Its value is miniscule relative to the country's overall wealth.

I commented on the cumulative assets in Singapore, almost all of which is owned by private citizens.

The government doesn't own the means of production, wackjob.

Individual citizens directly or indirectly own almost all if it, other than real estate.

Some is owned outright, like the countless small business in that country or bonds or stock market holdings or bank accounts.