Tuesday, May 08, 2018

Reduce inequality in Singapore

President Halimah said that the government's priority is to reduce the inequality in Singapore.

Is this for real? Or is this just another wayang?

Are they serious about reducing inequality? We are very unequal, like the USA. It has been the trend for a few decades.

Can we reduce inequality by following the same government policies that created them?

We import cheap foreign workers to keep wages low and create uncertainty of jobs for citizens.

We allow housing prices to grow to unaffordable levels. Even "subsidised" HDB flats take a long time, maybe 25 years, to pay the mortgage and it takes away a large part of the income.

We need to change many policies to achieve the goal of reducing inequality. Otherwise, it is just another wayang.

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