Originally Posted by tonton
Bullshit. You did not respond at all to what I said about the goal being a society of happy people, not a handful of wealthy billionaires. You did not respond at all to my pointing out at the author of the article is completely oblivious to this point.
The points being brought up to you are not hyperbole. They are facts and figures. They are real points. If I ask you if the peasants picking veggies have Hong Kong provided health insurance or are paid wages to enable them to purchase insurance that is a question that can be answered.
Societial goals and claims about entire nations of happiness cannot be confirmed. You are talking from utopian delusions in your head. How exactly does someone debate from a future foward position? You are not asking someone to respond to reality but to what you imagine the world should be in your head and lashing out angrily when people won't debate your head.
What 'half a dozen people?' Lying again.
I'd say I've seen six, sure.
What exactly do you want to know about the Hong Kong system?
Are you claiming the tax rates, laws, immigration policies, etc cannot be looked up for Hong Kong? Items like police can stop and question you for any reason, and you must have ID on you can easily be looked up. Items like borders are closed, city is walled off, and peasants from China cannot just waltz in and grab whatever services they desire can be looked up. The actual income tax rates of Hong Kong can be looked up easily.
Why don't you look up say, your statement on happiness and the United States and prove that the only people in the U.S who are happy are a few billionaires while everyone else is unhappy. Please support your hyperbole and then we can move on to utopia in your brain and you can attempt to support those statements as well.
Yes, the services provided are paid for. Billionaires in Hong Kong pay a higher percentage of tax than billionaires in the US. The middle class pays less. What do you want to know?
As has been pointed out the income tax rates much lower than those in the U.S.
In addition to tax revenue, the Hong Kong government makes a huge amount of money from land sales, which is compounded by the insane pricing of land in the territory. Mainland Chinese nouvaux riche are investing huge amounts in local real estate.
Are you suggesting there isn't a property tax in the United States?
As a result, real estate is hugely overvalued in Hong Kong and it's presenting a problem. The bubble let out some air in the nineties, but it's been inflating rapidly recently. Home owners who can only comfortably afford their mortgage are the ones who are going to get hit hard, again. Anti-speculative measures have been put into place in the last few years. But it's still going to crash, hard.
The bubble is a function of currency. China has been manipulating their currency for a long time. The U.S. is basically at war with them and the weapon of choice is inflation. I've posted in several threads about this and regardless of what you want to claim about logic, it is dead on. Governments passing laws to try to obscure their own bad currency policy doesn't fix the policy.
The reason people are trying to "speculate" is they want to own something tangible with their money since the government is devaluing it to keep a trade advantage with the United States.
And when it does, the rich will get hit, corporations will get hit, and homeowners will get hit.
The poor and the middle class who are renting will mostly be spared.
I would seriously suggest you do some reading on inflation and bubbles. As much as I enjoy discussing things with you Tonton that statement is akin to saying it is okay to drink and drive. It is literally the type of statement that reflects future self-harm.
Sure the rich take a haircut when the results of inflation play out. Inflation is an invisible form of taxation that governments use to cover the costs of deficit spending. The poor and middle class get hurt the worst though by far. The often have no inflation hedged investments and no investments beyond some savings or annuity, both completely devalued by inflation.