Tuesday, February 13, 2007

PAP Masterpiece - GINI out of the bottle!

Today at breakfast, I could see the shock on the face of one of the company technicians as he read the Strait Times. Today's front page shows the income distribution in Singapore....."How can people live on $280 per month in Singapore, everything is so expensive!", he asked. This technician is from China and obviously does know how efficient Singaporeans are when it comes to living expenses.


Once again the PAP govt has achieved new high for the GINI index. Our GINI index has risen from 0.468 to 0.472. It would have been higher if not for the progress package given out last year just before the elections to boost lower incomes by a few tens of dollars. When it comes to the GINI index only Singapore can beat Singapore.



The PAP has been extremely humble when it comes to taking credit our world beating income distribution and the high GINI index - they keep saying it is due by globalisation and it has little to do with them. No the income distribution has everything to do with the PAP which showed so much wisdom in embracing globalisation. There is really no need for the PAP to be so humble because they are primarily responsible for what has happened, through their policies:


1. Foreign labor policy. No govt in the world has allowed the import of so many workers into their economy. There are now 800,000 foreign workers in Singapore. With an expanded supply of workers, employers don't even consider those over 40s or older workers.


2. Rising costs. Business cost consists of several components including rents, utilities & labor. What is important is total cost. If rents is raised, business would be willing to pay workers less to keep the total cost manageable. The PAP govt is the biggest landlord and controls many cost components like utilities etc. ...you don't see utilities going down so something else has to come down - wages.



3. Power to the PAP. There is no people power among the low income no voice to speak for them and little influence over policy decisions such as reduction of CPF, benefits, no minimum income laws etc.


4. Pay rise for the PAP govt and President Nathan. Our President has been working extremely hard, his pay was increased by a hundred thousand to $2.6M. Somehow this will also help raise the GINI index.


5. Tax cuts for corporations & high income earners and GST increase for low income earners. Our tax structure has become more regressive (some day digressive) in the past decade as the PAP believes that our corporations & rich individuals need more financial help than the poor. Our corporate profits are now at an all time high relative to the GDP and the PAP wants to cut corporate tax to make it even higher!


The PAP's effort has once again bore fruit. ..when it comes to the GINI index we are way ahead of all our economic competitors. We don't have to worry about them because they are giving welfare to the poor such as Hong Kong. In Singapore, welfare is still a dirty word. Thanks to the PAP, we can expect more record breaking GINI indices in the future.

19 comments:

Anonymous said...

Very true in what you wrote! Long Live PAP!

Concerned said...

The same thing, if not worst, will be happening when their effort to push forward to 6.5 million population. In this case, Mr. Mah push "garang" vision (..no sweat no problem, once quoted by another Minister, Mr Ng).. and don't worry about obvious forseeable-future problems and dangers. With regard to this wrong population drive, an USA population's expert, Prof Cohen pointed out on a public lecture in LKY-school on 13 Feb 2007, a risky and dire consequence, and I quote his points here:
"Singapore does not grow its foods, so it is dependent on a world economy that permits trade. If there is no trade, Singapore is SUNK!".

The question that everyone, especially the stalwarts should ask now ... " Is it worth the while to let the history and legacy of Singapore existence and glory be SUNK by an unthinking and uncaring garang vision of one or two elite Minister? ".

Anonymous said...

When a govt runs a country like a business, this is what happens.

As has been said before - while many governments spend money on social factors and leave high-risk investments to the private sector, ours spend money on high risk business ventures while leaving the people to fend for themselves.

One wonders why they brought up the "quitters vs stayers" debate some time back. The govt seem ever-willing to replace the quitters with foreign talent, while the stayers dont get much in return.

aygee

Anonymous said...

Why do you guys think the PAP has to care about the People? Just because it is called PEOPLE'S ACTION PARTY?

All they need to do to get voted is give out progress package and threaten people with upgrading.

Anonymous said...

bla bla bla bla
stop complaining and do something about it.
If you don't like it, change it.
But come election time you just go back and vote for them again and again and again.
Because you are scared and afraid to loose your nice privileges, your elevator, your shiny car, your club membership.
You singaporeans are master whiners and that's all you know how to do.
You deserve the PAP and you deserve to be F*****D by them on a regular daily basis.

Anonymous said...

wajTwo-thirds of Singaporeans are already braindead and as for the remaining one-third, well, they really can't do much other than highlighting or commenting on isues of public interest online. These are useful information you do not get from the mainstream media.

Anonymous said...

See posts by 2 PhD, non pro-establishment bloggers BL and Bart .

NoName Ninja

Anonymous said...

Get Nathan and the ministers to do what SM Goh say lah.. donate 0.5% of the salary to the poor.. with such HUGE donations.. our poor don't even need handouts any more.... why must the money come from hardworking people instead...

Anonymous said...

they put their money where their mouth is....or was it...their mouth where their money is?

my 0.5 cents comment

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