Sovereign Man – by Simon Black
Every time I come to Singapore I can’t help but marvel at its spectacular rise.
I have a number of local friends who have been living here since independence in the 1960s, and they tell me the most incredible stories about how impoverished and underdeveloped Singapore was back then.
Things were so backward back then that people would literally throw their own human waste out in the middle of the street. There was scarcely any clean water, literacy, savings, or technology.
Yet within a few decades Singapore had become one of the wealthiest places in the world. Not because they’re sitting on enormous oil reserves or have world-leading gold exports.
As a matter of fact, Singapore has virtually zero natural resources.
They did it all by establishing a free market system where everyone who worked hard, saved money, and took risks could prosper.
Singapore has one of the lowest tax rates in the world– with a corporate tax rate as low as 0% for new businesses, up to 17% for mature enterprises.
Their personal tax rates are quite low as well, and they don’t tax most types of investment income like dividends or capital gains.
Yet despite having such low tax rates, Singapore’s government has zero net debt and routinely runs substantial budget surpluses. And it’s not because they’re skimping out on services to the taxpayers, either.
Singapore’s armed forces, for example, are among the strongest, most advanced in Asia, with state-of-the-art weaponry and technology.
They have excellent public services, from education to courts to medical care to world class infrastructure.
It’s absolutely flummoxing to Bolshevik-minded people: they find it inconceivable that a low-tax country devoid of any natural resources could be so prosperous, debt-free, and simultaneously deliver top quality public services.
This is also why I’ve long suggested that Singapore is an excellent place to consider when forming your own “Plan B”.
And if this isn’t something you’ve thought about yet, I encourage you to start.
Sometimes I look back with utter incredulity at how far to the left the world has shifted over the past 10 years since I started Sovereign Man.
Politicians who would have been chased away as dangerous communists as recently as the early 2000s are today powerful figures who command loyal followers numbering tens of millions of people.
And the more they hate on wealth and prosperity, the more popular they become.
That’s the problem. Neither you nor I is going to be able to convince tens of millions of our fellow citizens that their Socialist fantasy is a disease of the brain.
These ideas of wealth taxes; rabidly high income taxes; free, socialized everything; universal basic income; etc. are now mainstream and gathering momentum.
This isn’t some pessimistic, gloomy prediction. It’s just a statement of fact. And it makes sense to be prepared for whatever might happen next.
Here are a few simple ideas to consider–
If the Socialist fever continues rising, it probably doesn’t make sense to keep 100% of your assets within in your home country.
It might not make sense to keep 100% of your investments in a stock market that is presently at its all-time high (and would certainly suffer severe turmoil if the Bolsheviks take over).
It probably makes sense to consider some portable and anonymous wealth like cash and gold spread around stronger jurisdictions that still respect privacy.
It probably makes sense to think about tax strategies that would protect you and your business against extreme changes in legislation.
These are all completely rational steps to consider. In fact you’d have to be pretty insane to look at the direction the world is headed and think, “What could possibly go wrong??”
And that’s where Singapore comes in.
Read the rest here: https://www.sovereignman.com/trends/why-singapore-is-an-outstanding-plan-b-option-25357/
better not spit or drop gum on the sidewalk
Yep, or express opinions the gov doesn’t want you to express.
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I’ve been to Singapore. It’s a beautiful place. However, it also has its bad parts like any country. No place is in mind to the Ying Yang effect. That’s just life.
Sorry. Meant to say no place is immune to the Ying Yang effect. Stupid autocorrect.
Hey, sovereign man, you ever think about kicking the commies out with force or will you be running to Singapore when the bullets start flying?
he just saying a safe place to store wealth in a safety deposit box.
My exact thought, Katy.
Running away is a form of treason.
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i dont think you read the article. He mainly says it has relatively secure safety deposit boxes and Communist USA does not.
I read the whole article, Charlie, and I sniff out ex-pat encouragement, but without a full understanding of “from frying pan into fire.”
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I would never separate myself from any wealth I might have. If it ain’t in your possession, you don’t own it.
In my neighbor hood nothing is secure. I have had everything stolen many times. Maybe you depend on a government check? Good luck with that.
Charlie, sorry to hear that. What a bunch of scum for stealing from you many times. I’d be on the hunt for these arse wipes!
I didn’t get the “Maybe you depend on a government check?”
If you’re asking, no, I don’t.
They are call tweakers awake only at night hooked on Meth and crack always watching if you leave and for security cameras. They partner with police and insurance companies to drum up business.
“They partner with police and insurance companies to drum up business.”
OMG, this is sooooo corrupt. I’d never heard of such a thing.
All insurance companies are the same just ask them how many buglers they have helped prosecute. W/O burglers why would people buy insurance?
Singapore is so owned. And it has an extremely high cost of living. Also, on human rights… Big limits on freedom of speech and freedom of the press. Another strategic location for world control.
Israeli tech’s Singapore connection:
https://www.businesstimes.com.sg/brunch/israeli-techs-singapore-connection
Stay here and fight, damn it!!
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Don’t worry about them, Galen, they have no spine nor balls. Rather not have them here in the way, having to feed their worthless asses. And make no mistake, they will not be coming back to this country once we have freed it.
Thanks, Henry. Down with the spineless and ball-less.
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“Their personal tax rates are quite low as well”
We got Singapore whipped. Americans owe NO “income” tax unless they receive some fed. benefit. At the moment we’ve been SCAMMED into thinking we owe, BUT we DON’T. I can prove this as the IRS is willing to return the federal portion, but hold back the SS & medicare TAXES. Got it documented for any unbelievers.
Capitation or direct taxes are to be apportioned. Is the money being taken from your pay apportioned? NO. Capitation tax falls on all, but must be apportioned among the people.
“Income” taxes are indirect taxes that fall on those enjoying some federal benefit.
Anyway, still got Singapore whipped in the good ol’ usa.
Katie,
Will you please do my taxes? 🙂 I like your math.
Mark, I don’t know if you actually owe “income” tax or not. Have you contracted with the fed. govt, received unemployment, etc? You must know what actually constitutes taxable “income”. Check out http://losthorizons.com
Standing up in this area is not for the weak of heart, one must be totally convinced of the law and comprehend it as well.
I recieved unemployment back in 2009 for two years. I paid tax on it as soon as I started working again.
Over two grand. I was only kidding about you doing my taxes, I just wish I had the fortitude you have in these matters.
I’d rather eat sand than fight anything in court. I wouldnt be able to control myself
I figured you were just joshin. The fortitude is rooted in absolute law that required reading and re-reading. It’s actually quite simple. Check out that website thoroughly.
We’ve not gone into court and will NOT! I hear you about not being able to control yourself.
Fck Singapore!
I got yer plan B
You think I’m going to miss out on this party? Ha you got another thing coming
So he wants me to live in a huge city of stack and packs or whatever when I am living in the mountains of far west Texas surrounded by nature in a house we built years ago, you know, in ‘God’s country’ with a water well of chlorine-free water that has natural flouride and tastes great…I don’t think so! Don’t need some “plan B” option!