Free Money

imagesMost people do not know how easy governments can make money – just print. This has been the modus operandi of central bankers. Notably the Federal Reserve of the United States has demonstrated how easy money is manufactured. Literally, The Fed (which is a cartel of private banks) minted trillions out of thin air. But there are also other ingenious ways, besides taxes, for governments to extract money from its citizenry. The Singapore government mandated that cars may only be purchased if aspiring owners bid successfully for a certificate of entitlement (COE). Each licence is only valid for 10 years and allows holders of the COE  to use a car for 10 years, after which the car has to be decommissioned. The Singapore government will collect an estimated whopping $5.1 billion this year just printing these limited quotas of COE.  This in in addition to a 140% tax on imported cars. (read more on $120,000 Toyota Corollas)

newnation.sg

newnation.sg


Philippians 4:12
I know both how to be abased, and I know how to abound


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