Skip to comments.Why Wall Streeters Are Packing Up In Droves And Moving To Singapore
Posted on 06/12/2012 6:43:43 AM PDT by SeekAndFind
Bankers have always been a worldly crew, and since Facebook co-founder Eduardo Saverin renounced his U.S. citizenship and moved to Singapore, we've thought that island deserved our attention.
So we started digging and we found out that bankers are heading there in droves. In a recent Telegraph survey Singapore dominated a list of places that bankers said they wanted to work, with 27% of the vote it even beat out NYC.
Boston Consulting Group recently named Singapore the country with the world's densest population of millionaires -- 17 percent of all households, to be exact.
It's no surprise then that Singapore has become a veritable playground for the richest of the rich. If you've got the dough (and we mean serious dough) then there's plenty of room for you to play (and work) too.
Singapore is the best country in the world for doing business, according to a report released earlier this year by the World Bank. Here's why:
It takes, on average, three days to open a business. Trade is open and competitive: there are no tariffs on imports and foreign and domestic business are regulated equally.
Unemployment is only 2.1%
(Excerpt) Read more at businessinsider.com ...
But there is virtually no personal freedom there. You can be heavily fined for being in possession of chewing gum. And possession of even the smallest amount of narcotics brings an automatic death penalty. They may be prosperous, but I suspect a whole lot of these folks will not enjoy life there.
I just hope these guys know that if they drop a piece of chewing gum on the sidewalk, they’ll be jailed and flogged. This doesn’t happen on the streets of lower Manhattan!
But the growing income disparity is unacceptable. Those fat cats need to be taxed.
Throwing trash on the ground [including chewing gum] is the punishable offense. Being in possession of chewing gum is no problem. Not that this is much better... just sayin’...
As soon as the SHTF there they will have Uncle Sam and the taxpayers/US military bailing them out.
Yeah but they'll be able to have a Big Gulp Dr. Pepper!
The world is gradually (no scratch that, rapidly) becoming blatantly anti-white.
Forget all the biases built into (our) system. Every other system around the world is different and opposite. Without any of our nonsense. Without any biases for whiteness.
It is time now, for our side to get over the biases and start moving forward.
They wont let you pee on the lifts either.
True, true, true, lol!
Yep......and a cigarette.
I've been there half a dozen times and loved the place.
You love the place, as a place representing what it does.
Once the PRC becomes the dominant player, things will change there.
I’m guessing these guys don’t walk much, much less drop gum on the sidewalk.
Can you take up citizenship in Singapore and then just live in Paris? Or buy a house in the USA and live here for most of the year?
I like it too Doofer. Great place.
Now, I don’t know what it’s like to be a resident. But it seems fine if you have work - except for the driving. That part skeered me.
Or even on the elevators either ;)
Believe me, Wall St. guys not only walk, they run. They run around in the Stock Exchange and jog through the streets of Manhattan. Everyone in NYC walks. And everyone chews gum, cracks it, and sometimes blow bubbles.
I had a two-year assignment there and loved the place. There’s an awful lot of contempt here about bankers going to Singapore.
You clearly have never been to Hong Kong either, and know nothing about how or why the PRC leaves them to rule themselves.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.