Re:Hacker Publishes 2TB of Data from Cayman National Bank
by aianus on Wednesday November 20, 2019 @12:31PM
(#21586100)
I mean the government raises its tax revenue almost exclusively by leasing land and taxing real estate transactions instead of taxing income like we do in the West.
Re:Hacker Publishes 2TB of Data from Cayman National Bank
by boomboomsubban on Friday November 22, 2019 @03:59PM
(#21610019)
This system isn't very exportable, I can't imagine the nationalization of land being a popular move no matter how low you promised to make income tax.
I don't know what you mean. Hong Kong is a trading port, and any wealth it "creates" is done by refining imported materials. This option is only available someplace lots of trade naturally occurs, like Hong Kong's river basin.