Gintai’s article on Singaporeans being priced out
Gintai wrote an article on how our system benefitted the PRs most in terms of housing. The main point is that the PRs have an option to cash out at the end of the day, carry his pot of gold back to his home country to live like a rich landlord. This is fact!
The poor Sinkies would have to face the ever increasing cost of living, higher property prices, higher car prices, higher everything, and his savings waiting to vanish anytime, not enough to buy a car, not enough to pay for medical, not even to pay for retirement.
Didn’t anyone see this Hobson’s choice for the Sinkies, to be fixed into such a disadvantageous position? Didn’t the policy makers look ahead, plan ahead, and see the problems over the horizon? Maybe this is not a problem. Very likely, given their super talents, they knew what is coming up. But they need the Sinkies to pay for all the expensive and good stuff and good life, and their super salaries. The PRs can go home and downgrade to a landed property in their kampongs. Here we can enjoy our 650 sq ft million dollar flat and live in a first world city with all the convenience that money can afford to pay.
It is all in the plan. The Sinkies are captive customers, no way to run and no way to hike. Just con them with a few good sounding words and they will buy in the story. Singapore is home, the best place to be in, and good things have a price. Be happy and be contented. Why be envious of the PRs? They did not have such a brilliant and caring govt that will look after them from birth to death. And when they cash out, they will downgrade the quality of living. They are returning to stone age.
Count your blessings. Be thankful of what you got. A forumer is so pleased with the way we handled the train breakdown problems that he wrote to the ST to share his admiration. This is so much better than Mumbai. And he is so grateful to be here. He is right to think so. Singapore city is build by the best brains, engineers, architects, civil servants, all so talented, and a disciplined workforce.
But this is changing. There are no longer any talents here. The talents are in Mumbai. Singapore is sending delegations after delegations to Mumbai to recruit the talents to help to make this city better than Mumbai.