Friday, 6 March 2015

Singapore's The Most Expensive Place to Live - Again??


Is Singapore Budget 2015 a step in the right direction?  If so, do you think too a little too late?



Click Here to Read up on the Singapore Budget.
Click Here to Read up on the Economist Report.

My Afterthoughts:

What I think I didn't really consider while making the video were the various constraints the government works under.  Frankly, it's easy to blame the government for making Singapore the playground of the rich at the expense of ordinary Singaporeans who find it increasingly hard to make a living.  

Yet, knowing how pragmatic the Singapore government is, it's quite unlikely they would have done it had they not seen, or at least perceived,  significant benefits accruing for Singaporean.  As of now, the government's pre-emptively clarified that social mobility will remain a key tenet of public policy, even as it seeks to be a magnet for global wealth.  Again, Singapore wants to have its cake and eat it too.  How Singapore will manage these diametrically opposed forces will remains to be seen ;-)  

I think time is not on their side though, given how local politics have turned against the ruling party in the last few years. 

Well, I suppose we'll wait and see.



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