Having just returned from a week in Hong Kong: Singapore is where wealthy Hong Kong residents have moved since Britain ceded the HK territory to China, and are continuing to move. Culturally they're similar (British colonies with lots of ethnic Chinese). The HK "Special Autonomous Region" expires in 2047, and along with it private property rights and individual liberty.
And China is cheating: they're extending the Guangzhou-Shenzhen bullet train into Kowloon (which is part of HK), and will eventually extend all the way to Beijing. Officially it's for commuters to HK and businessmen traveling to Shenzhen (China's Silicon Valley). Only idiots believe that. Really it's to smooth the 2047 "transition" and to rig HK elections until then, by flooding the SAR with mainlanders.
Anyway, back to the topic at hand: Congress is considering a bill that would make Olympic prize money and the medals themselves non-taxable income. Apparently it would apply to awards from the USOTC and the governing bodies of the various sports.
