Re:Are we too busy to enjoy life?
by chameleon_world on Thursday April 30, 2020 @11:14AM
(#23031710)
Are there other countries that have some kind of system like this in place?
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I think Canada has the same systems.
Singapore don't penalize saving and you see how competitive they are. More importantly, they have a lot of savings.
Canada has the Tax Free Savings Account, which can be used like a Roth IRA (long-term investing without taxes due at withdrawal) or like a regular savings account. It's an after tax account, but earnings are, as the name says, tax free regardless of type.