Shocking video, is this what the Singapore of the future will look like,

[neddy]

if Singapore continue to follow America's economic footsteps.

<iframe width="560" height="315" src="http://www.youtube.com/embed/QPKKQnijnsM?rel=0" frameborder="0" allowfullscreen></iframe>

 

[winnipegjets]

That's the undisputed goal of the PAP.

 

[Alamaking]

Nice kinetic diagrams and facts

 

[watchman8]

TS, your title is wrong. This is already the present state of Singapore, as our current wealth distribution is even more skewed than that of USA. The top one percent, people like lee family, uob family, Far East family etc own more than half of sinkieland.

 

[winners]

I've always said that if LHL were to deserve his current salary, then why is Obama's salary only a pittance compared to LHL's. Don't tell me that Obama's job is very much easier than LHL's? I very much doubt so.

 

[tonychat]

I've always said that if LHL were to deserve his current salary, then why is Obama's salary only a pittance compared to LHL's. Don't tell me that Obama's job is very much easier than LHL's? I very much doubt so.

it is up to the citizen to protest against it.

but if the sinkie citizens got no balls to do that, their sinkie ministers can have any amount of salary they want. sinkies can go suck thumb.

 

[syed putra]

so why is it a problem to raise taxes on the rich by 2%? or is it to raise taxes for the top 2%?

 

[Leongsam]

The USA is the most innovative and creative country in the whole universe.

The reason why it is so is precisely because of the income inequality. Everyone can see the unbridled rewards that innovation and hard work bring so the incentives are great.

In countries where income redistribution is practiced, the incentive for hard work is stifled as the state rewards those who laze around and do bugger all.

 

[winnipegjets]

The USA is the most innovative and creative country in the whole universe.

The reason why it is so is precisely because of the income inequality. Everyone can see the unbridled rewards that innovation and hard work bring so the incentives are great.

In countries where income redistribution is practiced, the incentive for hard work is stifled as the state rewards those who laze around and do bugger all.

A country where 80 percent of wealth is owned by 20 pecent won't last very long. It is a matter of time before the elites get lynched.

 

[Leongsam]

A country where 80 percent of wealth is owned by 20 pecent won't last very long. It is a matter of time before the elites get lynched.

If you think the Gini index is so important, why don't you try living in Mali for a couple of years.

 

[hotbot]

another scary video....

actually, this is my version of s'pore incorporate: all money making business, gahmen sure have a hand in it. those new territories are left to sinkies to clear the mine. if the pit at the bottom turns out to be gold, fine! straits times will take the opportunity to churn out stories that making big money in s'pore is easy. if not, too bad...:(

on the other hand, the money collected thru taxes and businesses and investments made by GLC are used to make more money as in "pang" jua jee. if these money are made by SMEs or private enterprises instead, the money will be pocketed by the bosses and the ordinary citizens like you and me, will not receive any more ang pows from gahmen.

i like to hear your views if this is correct?

if Singapore continue to follow America's economic footsteps.

 

[leetahbar]

why isn't there anyone to dispute the overgrossed obscene pay of pinky pm, sm and worst of all , the pai swee-swee president?

 

[ionzu]

In countries where income redistribution is practiced, the incentive for hard work is stifled as the state rewards those who laze around and do bugger all.

an oft quoted mistruth of the right. adduce some evidence for our consumption.

top 5 countries by patent registration http://en.wikipedia.org/wiki/List_of_countries_by_patents
Japan, US, China, S Korea, Germany.

other than the US, the rest of the countries have relatively lower gini coefficients (after tax and transfers)

your right wing nonsense is losing credibility.

 

[Leongsam]

an oft quoted mistruth of the right. adduce some evidence for our consumption.

top 5 countries by patent registration http://en.wikipedia.org/wiki/List_of_countries_by_patents
Japan, US, China, S Korea, Germany.

other than the US, the rest of the countries have relatively lower gini coefficients (after tax and transfers)

your right wing nonsense is losing credibility.

Patents are a measure of technology. However, innovation and creativity can take many forms that are not technology based.

The US tops in many areas.. arts, music, sport etc.

 

[watchman8]

The USA is the most innovative and creative country in the whole universe.

The reason why it is so is precisely because of the income inequality. Everyone can see the unbridled rewards that innovation and hard work bring so the incentives are great.

In countries where income redistribution is practiced, the incentive for hard work is stifled as the state rewards those who laze around and do bugger all.

Does most of innovation come from overpaid CEOs and bankers? Do most of innovators become the top 1%?

China has even larger income inequality. Is china more innovative than USA?

How do you link from income inequality to innovativeness? Please elaborate.

Would a more moderate form of income inequality result in lesser innovation?

 

[Leongsam]

Does most of innovation come from overpaid CEOs and bankers? Do most of innovators become the top 1%?

China has even larger income inequality. Is china more innovative than USA?

How do you link from income inequality to innovativeness? Please elaborate.

Would a more moderate form of income inequality result in lesser innovation?

China has corruption on a mass scale. Millionaires can easily make another million because they have the ability to buy influence and open doors.

There are many people in the USA who get rich by hanging on to the coat tails of the innovators. However, without the multi billionaires, the income inequality would be reduced considerably but the poor would be just as broke as they are now. Losers will always be losers unless they are given bucket loads of free money so they can live a comfortable life without having to put in any effort whatsoever.

 

[I_Hate_Pappies]

China has corruption on a mass scale. Millionaires can easily make another million because they have the ability to buy influence and open doors.

There are many people in the USA who get rich by hanging on to the coat tails of the innovators. However, without the multi billionaires, the income inequality would be reduced considerably but the poor would be just as broke as they are now. Losers will always be losers unless they are given bucket loads of free money so they can live a comfortable life without having to put in any effort whatsoever.

Singapore has got Leegalised Corruption.

 

[watchman8]

China has corruption on a mass scale. Millionaires can easily make another million because they have the ability to buy influence and open doors.

There are many people in the USA who get rich by hanging on to the coat tails of the innovators. However, without the multi billionaires, the income inequality would be reduced considerably but the poor would be just as broke as they are now. Losers will always be losers unless they are given bucket loads of free money so they can live a comfortable life without having to put in any effort whatsoever.

So there is no link between huge income inequality and innovativeness.

I agree that communism system of equal income will kill entrepreneurship and innovation. But HUGE income inequality will do the same too as families use their massive wealth to maintain status quo. In life there has to a balance, and going to extremes usually is bad.

 

[Leongsam]

So there is no link between huge income inequality and innovativeness.

I agree that communism system of equal income will kill entrepreneurship and innovation. But HUGE income inequality will do the same too as families use their massive wealth to maintain status quo. In life there has to a balance, and going to extremes usually is bad.

The best environment for innovation and entrepreneurship is the free market. Any impediment to this principle will put a dampener on the efforts of the achievers.

Why would anyone want to earn an extra 100 bucks if $90 went towards welfare? That's what is happening in France at this very moment.

 

[HTOLAS]

Let' see.

Did the US develop the Concord? Did the US develop the first VTOL jet fighter? Did they even invent the jet engine?

Was DNA discovered in the US? What about the first antibiotics?

And about the arts - are the rock bands which time and again set new directions for the form from the US? And why do the most innovative new musicals and plays open in London rather than on Broadway?

BTW, I'm in no way saying that the US hasn't been innovative. Just don't spout half truths of the sort in your response.

The USA is the most innovative and creative country in the whole universe.

The reason why it is so is precisely because of the income inequality. Everyone can see the unbridled rewards that innovation and hard work bring so the incentives are great.

In countries where income redistribution is practiced, the incentive for hard work is stifled as the state rewards those who laze around and do bugger all.