For Singapore what you say is relevant.Do you know how much is our pappies salary more than 1 million+ per year each. Do you know how much Stomachsick shares soar due to Pfizer vaccinations from Blackrock ? Opening up the economy is every state authorities outward tune but if you don't know MNC shares, properties still all time high now you know are their main source of $$$.... then i got nothing more to say lol.............
But I see the same in Alberta too. Our premier and MLAs earn about $200-$300k a year. The govt doesnt own BlackRock shares.
We are into oil industry. But similar issues with covid.
Look at NZ also.