Sinkieland can possibly boast of having the highest percentage of millionaires in the world, be it by population or by per sq foot basis. Throw a stone into the crowd in the shopping centres or the two resorts, or in Raffles Place or Shenton Way, one in two is likely to be a millionaire in net worth, counting his HDB flat and savings in CPF. The latter two will make them smile at most and nothing they could do to them as the bulk is untouchable.
There is a distinct difference between the real millionaires and the Sinkie millionaires. The real ones are full of money in their pockets, can afford several houses, cars and mistresses if they wanted. They live a life of leisure, and their wives and mistresses enjoy the lifestyle of tais tais, going for afternoon tea and chat the days away, and travelling in their big limousines.
Many of the Sinkie millionaires could never get near to this kind of lifestyle. Many will be made bankrupt on admission to hospital for a serious op or having to stay for more than 30 days. Many will end up selling their homes at old age to survive as their savings, despite one of the highest in the world, will never be enough to feed inflation. Many of these millionaires will have a hard time paying their mortgages, sending their children to schools or even owning a car. They could not even afford to pay for nursing homes for their parents and have to send them away to JB.
In other countries, a millionaire is normally someone who is pretty well off and very comfortable financially. The Sinkie millionaires are often waiting anxiously for govt handouts and subsidies to save their skins as many would be deep in debt.
The dull and daft Sinkies would still believe that they are millionaires but more and more would soon realise that they are only paper millionaires. An awakening is coming soon when the millionaires realise that they are just like any middle class or lower middle class citizens elsewhere who, very likely live a better, easier and less pressurised lifestyle than them. Many of the maids that they hired, ordered around, bullied or abused are going home to live a richer and more carefree life than them without having any inkling of being a millionaire. Even the foreign workers are going home to live in much bigger houses than the four concrete walls millionaires could afford here.
There will be no uprising of the miserables in Sinkieland. If there is going to be any, it will be a revolution of the Sinkie millionaires, the millionaires who can only feel rich with their CPF statements and imagine that they have all those money in their savings. The reality is that not only they could hardly lay hands on their illusory wealth, by the time they get to touch them, the money would probably be worthless.
They have started to gripe and kpkb about it. This is the beginning of a systemic change, a rude awakening, that a millionaire in Sinkieland is actually another average worker trying to make ends meet and nothing else. They will revolt and vote for an alternative party that can make them really richer and not slaves to an unworthy property and money that they thought were theirs but hardly. The only way to feel richer is to liquidate and leave for a cheaper country. Other than that, the illusory wealth is all tied up in the property and the CPF. A sense of well being of a millionaire but not living like one.