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Economic and financial crashes, like taxes and death, are NOT inevitable

Tong Kooi Ong & Asia Analytica
Tong Kooi Ong & Asia Analytica • 10 min read
Economic and financial crashes, like taxes and death, are NOT inevitable
SINGAPORE (Feb 21): We are always told that we cannot escape taxes, death and economic and financial collapses. But are they, like gravity, truly a law of nature that cannot be overcome?
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SINGAPORE (Feb 21): We are always told that we cannot escape taxes, death and economic and financial collapses. But are they, like gravity, truly a law of nature that cannot be overcome?

That one cannot escape paying taxes is quite easily disproved. Citizens who work in countries such as the United Arab Emirates, Oman, Bahrain, Qatar, Saudi Arabia, Kuwait, Bermuda, Cayman Islands, the Bahamas and Brunei do not pay any personal or consumption tax. Some, but not all of these countries, require citizens to pay to a social security fund. And while most of these countries rely on oil and gas resources as revenue, some do not. The point is that rich natural resources are not a prerequisite for creating a tax-free country.

What about the certainty of death? If we are referring to every living species on earth, we know that a species of jellyfish called Turritopsis dohrnii is biologically immortal. It has the capacity to reverse its biotic cycle and revert back to the polyp stage.

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