|
We should
learn from
Hong Kong
Hong
Kongs government is
doing right instituting a temporary 50
percent salary tax reduction for 1.4 million taxpayers
on Feb. 25. Also announced increased spending on
infrastructure, as part of a plan to bolster the
economy, which faces its first full-year contraction in
more than a decade.
John Tsang, Financial Secretary, said
In a budget speech
to lawmakers, one-off tax cut, effective for
2008-09, would be capped at HK$6,000 (US$774) for salary
earners and cost about HK$4.1 billion (US$528.8
million). The government also plans to spend HK$39.3
billion (US$5 billion) on capital works projects for
2009-10, as well as HK$1.6 billion (US$206.3 million)
over 3 years to create 62,000 jobs and internships, and
it will launch a program selling government bonds. Tsang
said Hong Kong will run budget deficits for the next
five years. US government should learn from Hong
Kong
Best explanation of the market crises I've seen yet
A farmer sent his 18 year
old son to town and, as a birthday present, handed him a
duck.
"See if you can get a girl in exchange for this," he
said.
In town, the lad met a prostitute and said, "It's my
birthday and all I've got is this duck. Would you be
willing to..."
"Sure," she said. "I'm sentimental about birthdays. And
besides, I've never owned a duck." Afterwards, she said,
"Do you know, for a 18 year old, you're quite a lay. If
you do it again, I'll give you back your duck."
"Sure," said the boy.
When his pleasurable work was through, the lad started
on his way home. While he was crossing the main street
in the village, the duck suddenly flew out of his hands
and was hit by a passing beer truck. The driver of the
truck felt sorry for the boy and gave him $2.
When the lad returned home, his father asked, "Well, how
did you make out?" His son replied, "Heck, I got a fuck
for a duck, a duck for a fuck, and two bucks for a
fucked-up duck!"
The boy now works for Goldman Sachs
|
