For the folks who do not drive cars, they will still face the effects of higher car prices, even if they don't pay for COE. Their doctors drive cars, their managers drive cars, the fish seller drive cars, ntuc needs trucks to transport their goods, taxis also need to bid for COE, etc. And these people will raise their fees to cover cost and we all pay for it.
Same for housing cost, result is higher rental. And we all pay for it too.
Frankly, if you don't drive car, own a HDB flat and receive the same pay 5 yrs again with 2-3% increment, are you worst off now than before? Extend this trend for another 10 years and I worry for my retirement.
To me, it's inflation and wealth gets redistributed to the govt and people who have more bargaining power. For low and middle income, we just see our "wealth" shrink.
The locals may actually welcome it. The survey is meant to guide HRs in companies on how much to compensate their expat staff. Hence, it does not include public transport, public housing or public healthcare (the stuff of "smelly locals"). As locals have been complaining about foreign talents taking their jobs, having this could make companies think twice about bringing in expats. Of course, some cheapo ones here will still hire expats - on local terms.
In Spore, if you are rich, it is a place to settle down and enjoy.
DPM just responded "No such thing as free lunch, and we are worth it!"
You know, we may all talk about rising costs etc., but no one is gonna like it if the price of housing returns to "realistic levels". People will get mighty sensitive to such topics, even though they spend half the time bitching about it. The banks for one, have the biggest to lose.
See, people like Gilbert have found a way to capitalise on the system and profit from it. Obviously they will say that it's "still OK".
Told you all to walk liao. Saves $ since every things expensive. btw, as long dont spend or spend wisely, your pocket wouldn't hurt that much.
Only Sony device mostly, haha!