2023-07-02 13:56:51
Head of the Institute of Economic Analysis, Mohammad Talibli
During the years 1999-2022, our country received 313 billion manats from oil and gas revenues to our Oil Fund. Of this, 222 billion manats were spent. In addition, foreign investment in the amount of 250 billion dollars was attracted to the country. The country as a whole experienced a peak in terms of financial flows, and those effects are still ongoing.
Logically, such a large financial flow should have created a stable middle class in our country. It should have brought out rich people. The capitalization of business entities in the country had to expand further.
I always say that the wealth of a country should be measured not only by the wealth of its citizens, but also by how rich its citizens are. It is a powerful state with rich citizens.
We all know the answer to the question of what motivational effects a citizen has when he is enriched by his own skills, let alone enriched. “Ezrayil’s conversation about distributing children…”
Developed countries boast that their citizens are rich. When they bring examples from the USA, England, and China, they say that they are a big country and it is natural to have rich people. Let’s take one of the smallest countries. For example, Singapore…
1 in 6 people in Singapore have more than 1 million dollars.
We also “hunt” those who have more than 1 million dollars and make them bankrupt so that they can be equal to the poor. They do not increase the income of the poor and enrich them, but make the rich poorer and equalize them.
Where are you going with this INVERSE EQUITY sign?
#Singapore #millionaire #people