This kind of ft middle-class is annihilating sg’s ones

[h=1]THIS KIND OF FT MIDDLE-CLASS IS ANNIHILATING SG’S ONES[/h]
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27 Oct 2014 - 2:01pm





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The hollowing out of the local middle class in Singapore is exacerbated by the massive import of foreign middle class from China, India, the Philippines and all over the world who came in with dubious qualifications and misplaced skill sets to rob us of our livelihoods.

The domestic middle class is what drives any economy. The imported middle class on the other hand earns here and almost always repatriate up to over seventy-five percent of their earnings here back home to their countries of birth riding on the back of the strong Singapore dollar to accumulate their wealth back home.

=> 60%: Still got yummy coolie rice to eat what! *hee*hee*

This fundamentally takes the spin out of the economic multiplier effect had their earnings here be spent here, it will make for a more vibrant economy.

The extremely high cost of things here makes it foolhardy for them to spend here.

I recently spoke with a Philippine executive working here on an Employment pass. She earns about S$5K a month, remitting back S$4K to the Philippines each month and spend only S$1K here sharing a rented HDB 3-room flat with five other Filipinos. They live frugally here and look forward to the day when they can live like dukes and duchesses back home when they retire.

This is the kind of foreign middle-class recklessly allowed in by this government that is annihilating the Singapore middle class.



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This basically sucks S$4K out of the Singapore economy each month and that is just one individual, imagine the 2.3 million foreign economic opportunists here and the drain on the economy.

To get a feel of this drain, just go down to the many currency remittance outlets in Chinatown on every month ends and you can witness the many long queues remitting monies back home snaking several loops around corners.

Unemployed Local Middle Class
*Comment appeared on TREmeritus: The decline of SG’s middle-class and what it means for us

makapaaa said:

They live frugally here and look forward to the day when they can live like dukes and duchesses back home when they retire. The decline of SG’s middle-class and what it means for us

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Sinkies should learn to live frugally too. It is a quality that is in short supply amongst spoilt Singaporeans who are more concerned about showing off their wealth than about long term financial stability.

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Leongsam said:

Sinkies should learn to live frugally too. It is a quality that is in short supply amongst spoilt Singaporeans who are more concerned about showing off their wealth than about long term financial stability.

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OMG!!!! very rare that I agree with you.....

Leongsam said:

Sinkies should learn to live frugally too. It is a quality that is in short supply amongst spoilt Singaporeans who are more concerned about showing off their wealth than about long term financial stability.

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LeongSam,
you know any place can get higher sgdrm exchange rate.
i want to exchange big bulk of sgd to rm.

if u believe everything that is posted then you have to agree that it is possible to live on 1k per month
Yes, the PAP was correct all these while. 1K is enough if you live frugally

makapaaa said:

[h=1]THIS KIND OF FT MIDDLE-CLASS IS ANNIHILATING SG’S ONES[/h]

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Leongsam said:

Sinkies should learn to live frugally too. It is a quality that is in short supply amongst spoilt Singaporeans who are more concerned about showing off their wealth than about long term financial stability.

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if everyone lived frugally, there will be no one to buy the Chanel bags and Bruno Magli shoes.

Leongsam said:

Sinkies should learn to live frugally too. It is a quality that is in short supply amongst spoilt Singaporeans who are more concerned about showing off their wealth than about long term financial stability.

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Its not about frugality....its about protecting what is rightfully ours.....u want to talk about long term financial stability....every single one of these roaches and locusts is a threat to Singaporeans long term stability.one more of them means one less mifflr income job for Singaporeans one less place in childcare, one less condo for Singaporeans one less place in uni for sinkies,one less sinkies being able to move up to middle class or upper income status and one more being forced to move down. One more sinkie being forced to become taxi driver hawket ot How is this not a threat to sinkies long term stability?

Leongsam said:

Sinkies should learn to live frugally too.
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They already are. :oIo:

Leongsam said:

Sinkies should learn to live frugally too. It is a quality that is in short supply amongst spoilt Singaporeans who are more concerned about showing off their wealth than about long term financial stability.

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Ah yes, it is important that we inculcate the importance of thrift among young singaporeans. If you have low pay, you just have to spend less just like our hardworking and thrifty guests.

Leongsam said:

Sinkies should learn to live frugally too. It is a quality that is in short supply amongst spoilt Singaporeans who are more concerned about showing off their wealth than about long term financial stability.

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spore no longer manufacturing economy but a retail driven economy. it ppl in spore stop spending, all the shopping centres can close down, then all the spore investors in Reits will lose all their $$ and the economy will crash.

maybe sporean do need to stop spending, make to economy crash and force ftrash to leave.

sleaguepunter said:

maybe sporean do need to stop spending, make to economy crash and force ftrash to leave.

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*gasp* then what are we going to do with all our hard earned money? i don't work overtime for fun ok.

silversurferlostinspace said:

*gasp* then what are we going to do with all our hard earned money? i don't work overtime for fun ok.

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梁老板want u to hoard your $$ in 康園biscuit tin and hide under your bed.

sleaguepunter said:

梁老板want u to hoard your $$ in 康園biscuit tin and hide under your bed.

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but then i work so hard for what? just to have a biscuit tin full of paper? :(

silversurferlostinspace said:

but then i work so hard for what? just to have a biscuit tin full of paper? :(

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U work hard to pay for ur useless SUV with coe,ur house full of useless junk u don't need,ur countless hand phone and electronics upgrades,ur million dollar pigeon hole,a expensive wife whose pussy cost u at least 2k a month maintenance.

frenchbriefs said:

U work hard to pay for ur useless SUV with coe,ur house full of useless junk u don't need,ur countless hand phone and electronics upgrades,ur million dollar pigeon hole,a expensive wife whose pussy cost u at least 2k a month maintenance.

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Yes. If you give the 2k, you don't get the pussy.

50000 said:

OMG!!!! very rare that I agree with you.....

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U are a fucking idiot if u agree with him.

Papsmearer said:

U are a fucking idiot if u agree with him.

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On the contrary it shows that both he and I have extremely high IQs and that's why we can analyse and understand complex situations while the rest of you guys can't see the wood for the trees.

Leongsam said:

On the contrary it shows that both he and I have extremely high IQs and that's why we can analyse and understand complex situations while the rest of you guys can't see the wood for the trees.

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Blah blah blah.........:kma:.........:oIo:

frenchbriefs said:

U work hard to pay for ur useless SUV with coe,ur house full of useless junk u don't need,ur countless hand phone and electronics upgrades,ur million dollar pigeon hole,a expensive wife whose pussy cost u at least 2k a month maintenance.

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but what happens after we pay for all that? still got money left in the milo tin. how?

Leongsam said:

Sinkies should learn to live frugally too. It is a quality that is in short supply amongst spoilt Singaporeans who are more concerned about showing off their wealth than about long term financial stability.

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You want 10 people to share a HDB flat? And eat instant noodles 5 days a week? What kind of existence are you asking sinkees to accept?

Foreigners live frugally because they are here for a few years with a goal to earn enough money to live well when they are done here.