This is an interesting example of a democratic political process that works. Mitt Romney, the leading Republican candidate for the US Presidential Election has a high income background, as the former head of a management consulting firm. He lost the South Carolina primary election to Newt Gingrich due to his unwillingness to show his tax returns. He is now putting it right to tell the American people about his financial affairs.

http://www.todayonline.com/World/EDC120123-0000019/Stung-by-defeat,-Romney-ready-to-right-tax-mistake

This lesson is also applicable in Singapore.