The following 2 charts are about USA but it applies well to S'pore.
Notice the Top 1% Income skyrockets during the mid 90s. It is no coincidence that S'pore's Pro Alien Party mutated around that time as well as i've written in Mutation of PAP as Seen from S&P500 Index
Trickle down? What Trickle down? Wake up folks. It is tricke UP.
The public transport debacle has awoken the masses as to the meaning of trickle UP economics:
- $1.1B from taxpayers to buy buses for private bus companies.
- Up fares from average joes (citizens aka stakeholders) to pay for salary increases for bus drivers (they get peanuts while bulk goes to shareholders)
More gravity defying stunts.
- How Come GDP UP UP UP Yet More & More People Need Charity?