Singapore society will be poorer with more millionaires and billionaires
“In fact, if I can get another 10 billionaires to move to Singapore and set up their base here, my Gini coefficient will get worse but I think Singaporeans will be better off, because they will bring in business, bring in opportunities, open new doors and create new jobs, and I think that is the attitude with which we must...
High Public Debts, High Private Debts and Right Politics
High public debts mean the government borrows and owes people’s money, in particular CPF members. The government says we do not have net debt and our assets are well in excess of liabilities. http://www.gov.sg/government/web/content/govsg/classic/factually/Factually-310812-IsitfiscallysustainableforSingaporetohavesuchahighlevelofdebt Then,...
Uncle Chua seeks help from economists to explain Temasek’s bonds
‘2009 News--Government will be able to issue more securities like bonds, after Parliament approved raising the limit of its borrowings from $250 billion to $320 billion. This motion to increase the limit was passed yesterday. Explaining the need for a higher amount, Second Finance Minister Lim Hwee Hua said the Government...
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