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PM Lee also said that if he could persuade another ten billionaires to Singapore, he would have no qualms doing so even if it results in higher income inequality, “because they will bring business, they will bring opportunities, they will open new doors, they will create new jobs”.
Instead of losing sleep over how the world views Singapore, perhaps the PM should ponder over how the average Singaporean views the government’s curious fixation on the super-rich. So far, it has not done a very good job of convincing us that the much feted trickle-down economics has improved the lives of Singaporeans. Show us that we are wrong please, give us the numbers of exactly how many businesses, opportunities and jobs have been created for every billionaire who has relocated to our shores.
Tell us that it’s not just about the likes of Eduardo Saverin single-handedly shoring up the private night club industry, of Jim Rogers competing with Singaporean parents for a place in Nanyang Primary with his influence and resources just so that his daughter can learn Chinese, or of Nathan Tinkler supposedly moving here to escape his creditors, because it is all we read of why these rich foreigners are here. Where of the jobs, what of the businesses? And this is before we even get started on them buying up luxury properties and fancy cars that just makes everything more expensive for everyone else.
Why not, instead of obsessing over ways to persuade another ten billionaires to come to Singapore, spend more time thinking about how to help another ten local companies grow?
- http://www.voiddecker.com/2013/07/the-pms-midnight-musings/
Instead of losing sleep over how the world views Singapore, perhaps the PM should ponder over how the average Singaporean views the government’s curious fixation on the super-rich. So far, it has not done a very good job of convincing us that the much feted trickle-down economics has improved the lives of Singaporeans. Show us that we are wrong please, give us the numbers of exactly how many businesses, opportunities and jobs have been created for every billionaire who has relocated to our shores.
Tell us that it’s not just about the likes of Eduardo Saverin single-handedly shoring up the private night club industry, of Jim Rogers competing with Singaporean parents for a place in Nanyang Primary with his influence and resources just so that his daughter can learn Chinese, or of Nathan Tinkler supposedly moving here to escape his creditors, because it is all we read of why these rich foreigners are here. Where of the jobs, what of the businesses? And this is before we even get started on them buying up luxury properties and fancy cars that just makes everything more expensive for everyone else.
Why not, instead of obsessing over ways to persuade another ten billionaires to come to Singapore, spend more time thinking about how to help another ten local companies grow?
- http://www.voiddecker.com/2013/07/the-pms-midnight-musings/
