Originally posted by robertteh:
It is true the government has a good reason for maintaining a high cost of living?
There seems to be a policy adopted some time ago by the government that is is necessary to implement a high cost of living so that people will be paying more fees instead of accumulating wealth which might lead to a lazy workfoce with less people wanting to work.
In other words, it is a policy about being rich is being poor and being poor is being rich.
Is that a good policy ?
So under this policy this theory leaders we can suppose that leaders too should not be paid too much like millions of salaries, as they would become rich and may not work harder for the people.
So to have more effective ministers we ought to pay them just subsistent salaries so that they would continue to work harder.
Was the secretive Goh Keng Swee doctrine right. Is it a valid social or economic theory that to be competitive people must not become rich.
I believe that under that doctrine HDB flats have been priced at a value to keep population working for 30 years or all their life to produce a more competitive workforce or economy.
Anyway, let us examine after pricing the HDB flats at such prices for the last 30 years, have the workers been upgraded or become more skilled under the Goh Keng Swee doctrine. Or is that another conceptual "meritocracy" assumption causing thousands of our own practical talents people to leave the country as quitters?
Whatever happens to the god keng swee doctrine, one cannot really blame leaders for governing by experiments and assumptions as they mean to be good and cares to make people working to produce more incomes.
What a leadership assumption, a first-world economic theory, thanks to our great vision of leader that being poor is to be rich. No pain no gain.
I guess this makes a good point... But I'm still guessing that the high cost of living in Singapore is that this is merely an island of 683 sq km.... 680 if you count high tide

.... Anyway, because of this, things are natural to be expensive. HDB flats are expensive coz there is a big demand for it because of the population and simple economics states higher demand = higher price. The only way of lowering the price is to add in more supply of HDB flats...
BTW, I don't get what you mean being poor is rich. In Singapore, being rich = draged down by taxes..... Being poor means living under the HDB flats...