Hacker News new | ask | show | jobs
by thisrod 4099 days ago
> set up his 'wealthy, modern' state by money laundering for Burmese junta

D'oh! I've been wondering how Singapore's low-taxing government accumulated all the capital that it invested, and that answer is so obvious: they took it from people somewhere else. Would you mind pointing me to a book that fills in the details?

2 comments

I found the real answer: the low taxes were all lies, and Mr Lee actually took half of everyone's salary for his family to invest.

https://en.wikipedia.org/wiki/Central_Provident_Fund