Sunday, December 23, 2012

Trickle Up Economics in Singapore; Stakeholders Vs Shareholders

Income inequality for S'pore is either the worst or 2nd worst among the developed economies. Goods & Services Tax was raised from 5% to 7% & the reason given was to help the needy. Yet as the years go by, more & more people are in tight financial situation. We now have more & more charity shows to raise $$$ for the needy.

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?

1 comment:

  1. Yeah, the worst part is PAP government and its GLC are the main culprits creating the trickle UP!