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Capitalism loses out to Socialism, per Heritage Foundation
24 Jul 2014 1:23 am
I went ahead and grabbed some quick numbers off Temasek's website and Singapore's website, producing this post in another thread:tharock220 » 23 Jul 2014 7:26 pm » wrote:
The minister of finance cannot make changes to the company on a whim. There's a protocol to follow just like any other company. I've already agreed that it's socialism, but your attempt to compare it to the Federal Government taking over GM is beyond stupid. It basically stops with government holding a stake in a corporation.
Are you ever going to explain your 30% calculation???
Singapore's GDP was 287 billion US in 2013. Of that 287 billion, Temasek grossed 83.8 billion - 29% of the entire nation's gdp, posting a respectable 27.8 billion in gross profits, and netting 13,3 billion - 25% of their 53.4 billion in government expenditures that year. They also paid 1.9 billion in income taxes, generating ANOTHER 3.5% of the nation's 2013 expenditures. http://www.temasek.com.sg/investorrelat ... financials
Within fairly tight margins, it's reasonable to posit that Temasek controls ROUGHLY 29% of the means of wealth production in Singapore - unless they have some advantage - say, government muscle, for example, - which would allow them to capture far more than their rightful share of profits, with a smaller share of the means of wealth production. But THAT would be soshalizum, and we are assured by the conjobs that no such things exists in the eternal and spotless sunshine of a country where every back is straight and every shoulder is cheerfully to the wheel.
Here is a link to grab a pdf of Singapore's "Budget in Brief," http://www.mof.gov.sg/budget_2013/budget_in_brief.html which outlines how the nation's progressive tax scheme is being used to help low income workers with government-funded wage adjustments, to help retirees with cost of living adjustments, to help disadvantaged students with special programs - you get the gist. It's an American liberal progressive's dream menu, with every predictable dish in the left hand column, and the nation's flag in the right hand column: It's all on Uncle Chang.
Seriously, I found it offensive. And the conjobs are slapping us over the head with this progressive slave pit, just because it has low corporate income taxes? And all because Heritage owns their pathetic little minds? My god, these people would be funny if they were not so sad. They live in a world of make believe, where they are all economic whiz kids and self made internet millionaires. But they operate at a level of credulity that makes rupert murdoch pinch himself every day, to be sure he isn't dreaming.
When you complain, ur friends roll their eyes and ur enemies rejoice
"Because I SAY I am" is a todler's tantrum, not "science"
You cannot betray me - only yourself, to me.
Who cuts off your dick is not a friend
An opinion you won't defend is not your own
Humanity's Law of the Jungle: Survival NOT of the fittest, but of the tribe
When peeing in the pool, stand on the edge
If gender is not sex, why should a gender claim change what sex you shower with?
"Because I SAY I am" is a todler's tantrum, not "science"
You cannot betray me - only yourself, to me.
Who cuts off your dick is not a friend
An opinion you won't defend is not your own
Humanity's Law of the Jungle: Survival NOT of the fittest, but of the tribe
When peeing in the pool, stand on the edge
If gender is not sex, why should a gender claim change what sex you shower with?