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$1000 Flat- The Math
- Thread starter Char_Azn
- Start date
ooo... someone did the maths, let's examine.
a grand a month, the disposable income is around 800, coupled with the workfare, the bloke would have some 950 to feed his family.
utilities: a hundred
transport: two hundred
food for family of two: five hundred
wow! he still has a hundred plus to spare!
30 years down the road, CPF minimum sum not met, savings minimal, can't afford to have kids.
OMG!!! this bloke can work till he dies!
30 years down the road, CPF minimum sum not met, savings minimal, can't afford to have kids.
OMG!!! this bloke can work till he dies!
And if he falls ill or loses his job during the 30 yrs, he is fcuk!
ooo... someone did the maths, let's examine.
a grand a month, the disposable income is around 800, coupled with the workfare, the bloke would have some 950 to feed his family.
utilities: a hundred
transport: two hundred
food for family of two: five hundred
wow! he still has a hundred plus to spare!
30 years down the road, CPF minimum sum not met, savings minimal, can't afford to have kids.
OMG!!! this bloke can work till he dies!
All have been carefully worked out to make sure you work till you expire and barely enough to live to see the next day, while someone gets fat pay cheque to make sure you do just that. They want to sleep knowing there are tons of money in the safe at their full disposal for rewarding themselves and giving them to people is like cutting a piece of their meat off.
Vs a guy who earns $10K a month
Pays 30 yrs for his condo
Goes to a restaurant every other day
Spend money on car
And the rest on his family
if he falls ill or loses his job, the same is going to happen to him. Pple with higher earnings basically have the same problems only scaled upwards. Even a multi millionaire can lose his entire fortune with 1 wrong move. The better off can fall back to their savings while the poor has certain schemes for the poor to see them through the worst of times.
At the end of the day being able to own a flat in 30yrs still beats having to continue to pay rent after 30 yrs and his kids will rip the rewards of his hard work
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such matured wisdom, bro, me will have a lot to learn from you
Can at 40K after subsidies, over 30 year loan at 3% interest - you pay monthly 170 dollar a month. Man, you can make less than 1,000 and still buy. Problem, what is the supply available? I mean if 1 apartment available to 100000 household, how? If you put the supply at 70-80% of demand, I no problem - no need 100%. But if you put supply at <50%, you are an arse. If you put it sub 20%, you are a liar.
typical pappy logic.
Tuan,
me only trying to learn more from the learned bros in here. besides, me thought Singapore had no poor amongst us? :o:o:o
You kidding me? Gini Index at 0.5 with median income of 2400 per month, you tell me.
was reading an article previously, something called the Earth Times, dated January 15, 2001, by Kishore Mahbubani (Permanent Representative to the United Nations), and me quote: "There are no
homeless, destitute or starving people in Singapore. Poverty has been eradicated, not through an entitlements program (there are virtually none) but through a unique partnership between the government, corporate citizens, self-help groups and voluntary initiatives." unquote.
Gini Index at 0.5 with median income of SGD$2400 per month... oh dear, what have i been missing out? me need to read more widely and more intensively :(:(:(
That quote was aiming on 2US$/day. That is absolute poverty. Then there is relative poverty, due to income inequality and I think we need a category called urban poverty. The guys in Indonesia with less than 2US$/day can be deceptive. They can pluck from the trees, cut wood to make houses and boats, shoot or rear animals. It is cash free but of course has monetary value in kind or through environmental accounting valuation. But try to do the same in Singapore. In Philippines, everyday you could be enjoying great food from nature free in monetary cash terms, enjoy clean air and water and fuck like rabbits have kids and grow old and happy without money or much of it. Can you in Singapore?
me think its tough :(:(:(
BTW, gini got worse since we became independent under PAP
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I'm always fascinated by pple's obsession with the Gini index. Can someone please explain to me what exactly is bad with income inequality and how it actually affects the well being of a country?
I am always fascinated by people who do not read much, see much and learn much about the business and economics in the world. Can you tell me what is good about having ridiculously high income inequality and how it does not affect the well being of a country and its people.
In other words U just keep shouting about it coz someone told U it's bad. U have no idea either
Typical IB. I have explained it many a time but you cannot seem to understand like when you gave the lousy calculation and explanation for CPF.
For novices like you, here are some leading questions found a good textbook.
Is Gini calculated before or after taxes?
Is there a relationship between social security and GINI?
Is social security planned based on GINI?
What is the purpose of having GINI?
What social implications will happened when GINI approaches 1? What happens when it approaches 0?
Bonus question? Did it occur to you to ask such questions when looking at the term GINI?
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