A shinking middle-class and an unthinking flock?
Singapore is slowly moving into a society where a drastic class divide is starting to emerge. In turn, the middle-class will be the ones affected most from stagnating salaries and rising costs of living. During independence, everyone started on an almost equal footing and the PAP government was helping people to increase their...
The blind pursuit of GDP will leave all of us worse off
Singapore’s economic developmental path under the PAP using GDP route will not end with general prosperity for the masses, will not nurture nor inculcate a knowledge-based domestic economy. What is worse is that we are becoming highly dependent on foreign capital, foreign expertise & foreign management skillsets which...
No excuses on welfare and a better life down under
I can share some insight about income tax in Australia. Sometimes you hear horror stories about Australia having a tax rate of over 40%. That is only partly true. Currently I am in the highest tax bracket, which is 45% for those earning $180k and higher, but the actual tax I paid is about 32%. This is because Australia uses...
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