In recent years, I cut back on my spending as my purchasing power lowered my standard of living.
The money that I have from savings and shares can't even get me 4 wheels of a new car. Look at how much they raised my cost of living with higher GST and rentals. I don't even bring my family out to each together every weekend anymore.
A retired MAS uncle once told me, the new generation of politicians were different from his generation. Our country is burdened with debts and our property market are creating money out of thin air. It saddened him to see our country focusing on tax receipts and stamp duties from construction and property development while innovation and other industries that a back-seat. This year, we will support higher property prices by bringing down the enbloc-voting threshold to stir more re-construction. Our people don't benefit from all these; he paid off his landed property with 15 years of his salary, while his children with Masters probably take 35 years.............from his perspective, think about the amount of underlying interests paid.
We are literally committing societal suicide.
