Last edited by Octarine; 16th November 2013 at 05:56 PM.
Singapore is OK.
Rich in many ways, not just in terms of money:
• So far, no natural disasters like earthquake or typhoons.
• No aggressive neighbours intent on spreading their power & influence over us.
• ASEAN has been good for SEA region.
• Nowadays no internal schisms along racial and or religious lines. We are a model on this. Not many countries can manage to achieve this.
• A generally benign previous colonial power (Great Britain) that left its influence on language, system of government (which we modify).
• Great seaport location. Much of the stuff we need comes by sea.
• So far, no jerks like Marcos, Gaddafi, Chen Shui Bian, Idi Amin, Kim Jong Il, Robert Mugabe...taking power and ruling over us.
• No medical crisis except for a short while SARS.
All is well. Please enjoy your life. Buy new cameras and lenses.
And this is a forum, we are offering different views and perspective based on the headline topic. And it is pretty presumptious of you to make assumptions of what I do or do not do. Please exercise some etiquette and restrict your comments to the topic being discussed instead of making remarks of a personal nature.
D800 : FX 16, 24 , 50 1.2, 85, 24-70VR, 70-200 / Zeiss 21, 35, 100, 135 / ART 50 .
By the way, why do you elect the government and pay them high salaries and not expect them to do something ?
Listen to a nice song.
All countries regardless of developed, developing or under-developed will have rich and poor citizens. It is quite impossible to have equality in wealth. As the saying goes, 20% of the world population controls the wealth while the remainder is struggling. Law of Balancing.
The job of any government is to narrow the income inequality over time. It can also help those who fall through the safety net. Failure to do so in the long term will cause social unrest.
Back to the topic. Is Singapore a very rich country? Yes, it is. Let us look at the nation as a whole.
From a fish village with no natural resources, Singapore has transformed itself into a developed nation over the last 40 over years. Our neighbouring countries are jealous over our success. Look at Malaysia which has so much of resources but the country is mismanaged. As such, it remains to be struggling for most Malaysians. This explains why thousands of Malaysians flocked to Singapore to work on the daily basis. They earn much more than back at home.
Based on IMF 2013 report on the world richest countries, the ranking is as follows :
8. Hong Kong
Can all of us see that Singapore is in no. 3 spot. As a matter of fact, Singapore is the richest country in ASEAN followed by Brunei. No need to talk about Brunei as all of us know that it makes its fortune through its natural resources - OIL. What do Singapore have? No oil, only has human capital. With that, we make it to the no. 3 spot in the world. No bad indeed.
Our foreign reserves are huge such as speculators were very wary to attack our Sing $ during the Asia Financial Crisis in 1997. Almost all of neighbouring countries got slaughtered by the speculators
It is indeed amazing how did Singapore become so rich. Temasek or GIC doing a job for investing overseas to reap so much returns or it is the citizens who work so hard to drive the economy to the current state. What do you think?
Perhaps you should go into politics so that you can really help those who are in need.
I am also wondering why so many people are still buying luxury cars despite that COE is almost $100k. Are they really suckers or simply very rich to afford it?
Some of us may think that they are suckers or simply go for status symbol despite that they barely could afford it. I seriously doubt so. If you really can't afford a $200K or more for BMW or Merc, etc, how are going to pursue the purchasing of the cars.
Instead of speculating, why not the owners of BMW, Merc or any luxury cars tell us how are you financing the purchases?