10 June: 2004 saw a record increase in Singapore's millionaires
19 July: High joblessness dampens retail sales in Singapore
notes:
1. The rich getting richer do not create jobs for all. There is no rising tide, no trickle-down economy, even though Minilee and his predecessor, Mr Peanut, had consistently offered this argument for the past 5 years.
2. This should provide additional evidence of a deteriorating Gini coefficient in Singapore. Also, the poor have NOT gotten richer - they have gotten poorer.
5 comments:
You might want to comment on this blog. So alluring with such a title and so disappointing if your views are not put against theirs (well at least so much for the titles).
I'm sorry. Which blog? Whose views? No links in your comments, so no idea.
I meant this one. paiseh.
http://szemeng.blogspot.com/2005/07/its-good-thing-rising-tide-lifts-all.html
Done. Commented, as recommended...
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