Chris Balding on the Importance of Economic Capture and Government Surpluses
In my last couple of posts, we covered the concepts of economic capture, the size, and duration of the government budget surpluses. In short, the government of Singapore is capturing an enormous piece of economic activity rather than allowing its people to enjoy the fruits of their labors. While this economic capture of financial...
S’poreans deserve better than people of Myanmar and Bangladesh
Singapore, SWFs, and Other Countries: Part I A common question is: how does Singapore compare to other countries with regards to its finances both other sovereign wealth fund countries and other countries. Let’s examine that question as they do nothing but further demonstrate fallacies about Singaporean public finances. From...
Is CPF Broke?
We pay to the CPF Board hoping to retire with peace of mind when we finally take a break before we die. The people in PAP keeps moving the goalposts. Way back in the 60's and 70's we were promised that we would receive our CPF (with interest) at age 55. Look what's happening now? It went from age 55 to 60 to 62 to 65 to... kingdom...
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