Originally posted by ShutterBug:
The way I see it, we're like paying them to forge internationally commercial and industrial deals and relations and build our economy, and we just have to buck up in order to survive in the new economy.
Their focus is making more money.
So too bad for those who can't catch up.
Everyone is glad the the economy is doing well despite markets in the region and overseas that are not doing well. There is a surplus of jobs for Singaporeans and GDP is higher than expected.
But.... take a step back and look closely. Yes these are good news for the economy. Yet do we, people benefit from it? Yes the rich get richer. But what about the middle and lower income group?
Do we see a pay increase for all sectors of the workforce that is expected that is doing well?
ERP charges are up. So are the public transportation fares. Electricity tariffs are going to be raised. Contributions to our CPF are down. Its costing so much more just to get a roof over our heads.
Yet income taxes, property taxes , etc, remains unchanged. Interest rates for our bank deposits are also down. But interest rates for loans just keep increasing.
Does anyone see the imbalance that is going on? Everything that is considered a benefit for us either is lowered or remains unchanged.
Yet anything that is benificial to the gahmen just goes up.
So, even if they say we are doing so well, just calculate your monthly balance sheet again. See the difference when we were not doing so well in 2002 and now.
Take a look at how well Singaporeans are actually doing.