Comments (3)
  1. A long prose in debunking the rich’s rationale for their never ending power hold. Most people struggle in daily survival too much to rationalize the details, yet they know intuitively those in power lie to their own advantage. This article does well apply to the States or any modern state…. Yet, in doing so supports what is decried: The very notion that taxation and hyper government regulation of human life can be an equitable means for people to live by supports the bottle-necking of human time/energy into the hands of a few people – We have learned that the limits of human life span and ambition necessitate that a few politicians will always wield power to those they favor, if we live by concentration of assets. Of course Singapore does not have any significant (domestic) assets and or contributions of value – although they talk famously of how low the corruption levels are with everyone on board their ride of big oil, banking, sweat shop management and gambling. As for making comparisons to the States and northern Europe, the complexities are beyond apples and oranges. A resource rich country is a world away from one barren. Tax rates are not as relevant to family economics as ratios of net income to cost of living. People don’t mind if 60% of their income is ‘taxes’ if they are able to pay for a good standard of living and accrue assets with their remaining ‘actual income’. What they do mind is having their property and estate exchanges highly taxed, so they go offshore to maintain assets in havens which gain from these asset holders without creating items of value to sustain life. Of course the average Singaporean/ Malaysian owns little to no assets. The question of equality for Singaporeans is less about awaiting the hand to feed them than it is about could more people hold something in their own hands. Here in lies the rub for the bastardized termed ‘democratic education’ (which is forced under the duress of imprisonment for parents!) teaches nothing about accruing and holding real assets (items that generate more value) and rather forces kids to learn limited thought and skill sets to test and work under big government economy.

  2. andrewtungsk says:

    The success of a country is not measured by how many rich people she has but rather the eradication of the number of poor people. Singapore has not been successful in reducing the number of poor people. Worst still the number of poor people are increasing. We are the Singapoorians. Does anybody care a hoot ?

    1. Economics says:

      It is true that the success of a country is not measure by how many rich people there are. But likewise, it is NOT measured by the successful eradication of poor people alone?
      Its how you define success that would be the case here. It is every liberal government’s obligation to be able to protect and provide for its old, weak and sickly. (Thats the least possible, and im sure Singapore is way ahead on that with most of its welfare being toward such unfortunate people) It is also the governments’ job to regulate work and apportion the income levels across the country.
      But in all honesty, there’s a limit that the government can do. Singapore is lacking in resources and land, but makes up for it in human capital. Being export-oriented, the economy is highly driven by foreign stakeholders. No one should give a damn about you. Neither should you be looking for anybody to give a hoot about you. The government protects people in general, and in my honest opinion, Singapore is one of the most fortunate countries in the world, with an immensely talented government and system in place. You may be one of the few or many but definitely not the majority, who are unfortunate or down and out, but im pretty sure you would not switch places to live elsewhere like in Egypt or Indonesia would you?
      I always hear judgmental and unappreciative Singaporeans, but i’m sure that not everyone is like this. So stop creating a bad name for your people.

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