There is no free lunch and nothing comes free. The extremely high cost of govt, and the extremely high cost to keep the yodas’ salary in the millions when they don’t need them, when they have abundance of them, but not time, is the biggest flaw in the distribution of wealth in this Sin City. And where is the money coming from for all the big paychecks, for good work, bad work and for doing sweet nothing?
The sobering realities that Sinkies have not come to terms with, are not thinking or did not want to think about, is the high cost to maintain this govt and the coterie of elite in high places and collecting humongous paychecks. If the super talented elite could generate and create incomes for their paychecks and their gregarious appetite for millions, it would be another issue that is less worrisome. The problem is when they are not creating the revenue and income to pay themselves, then the money must come from the people in all kinds of ways and schemes.
Paying the yodas and elite at the kind of salary and perks and whatever, is like throwing money into a black hole, and the demand is for more and more. And the poor and average Sinkies, many still did not know, will be the ultimate paymasters to make the rich richer and themselves poorer.
The Sinkies must wish that the two sovereign funds make more profits. The constant and regular reports of the SWFs losing hundreds of millions or billions at every sour deal must not be greeted with joy and celebration. The losses will need to be patched up, and where is the most convenient source of income to do that? Sinkies must pray and pray that the SWFs are doing well and could generate enough profits for the yodas and elite. In that way, the poor Sinkies could be spared from coughing out more and not deplete whatever little savings they have squirreled away in the CPF.
This is the sobering truth. The poor Sinkies are subsidising and paying for the well being of the rich elite. Sinkies must not wish any local GLCs to make big profits as the source of revenue is likely from them. When the big landlords and public services or privatised public services are trumpeting their huge profits, they are profits made from the Sinkies, unless the profits are from overseas investments.
Be aware of this sobering truth. It is the hard truth Sinkies are paying for.