Ok Russel, lets use your logic.

Russel Norman reckons the government should be like Singapore which has restrictions on non-residents buying land and he sees no reason why we should not do the same.
 
I like your thinking Russel, lets also adopt their tax policy shall we.
Individual Tax rates in Singapore are simply outstanding.
 
If you earn $30,000 the first $20,000 is tax free then only 3.75% for the last $10,000, an effective tax rate of only 1.25%
 
If you earn $40,000 then the first $30,000 is taxed as above then the last $10,000 at 5.75%, an effective tax rate of only 2.375%
 
If you earn $80,000 the first $40,000 is taxed as above and the next $40,000 at 8.75%, an effective tax rate of only 5.5%
 
If you earn $160,000 then the first $80,000 is as above and the next $80,000 at 14.5%, an effective tax rate of only 10%
 
If you earn $320,000 then the first $160,000 is as above and the next $160,000 at 18%, an effective tax rate of only 14%
 
And finally if you earn over $640,000 then the first $320,000 is as above and the next $320,000 at 14.5%, an effective tax rate of only 17.5%
 
I'm with you so far Russel, oh and Corporate Tax rates are 20% and GST is 5%. This is sounding better by the minute.
 
Might we also bring in other Singaporean intiatives. Currently, pornography, oral sex when not a precursor to regular intercourse, and anal sex are illegal in Singapore. Magazines, movies and TV shows have to undergo government classification before being released to the general public and sales of several kinds of newspapers and magazines have been banned or restricted. Various minor offences could lead to heavy fines and caning while first-degree murder and drug trafficking in over 15 g of heroin carry a mandatory death penalty.
 
Here are some fine examples of Singaporean law .
  • The sale of chewing gum was forbidden for 12 years until May 2004, where the sale of chewing gum for medical or dental purposes from a pharmacist was approved by the government, although gum sold as candy still remains prohibited. However, those who buy nicotine chewing gum must present identification and have a doctor's prescription. Buying normal chewing gum requires identification only. If the pharmacist does not take the name of the buyer, they could face a SGD3,000 fine.
  • Heavy fines and Corrective Work Order are levied on people who spit or litter in public areas.
  • Eating and drinking on public transit also carry fines of up to S$500.
  • Car ownership is curbed through a government scheme in which car owners must bid for a Certificate of Entitlement (COE).
  • Gun ownership is illegal, as similar to other countries with strict gun control laws. In addition, using or attempting to use arms during a crime, such as a robbery, is a capital offence in Singapore.

Man, I'm going to have to go join the Greens if this is their idea of nirvana.

 


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