21 July 2005

Take 2 and 2 together

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.
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5 comments:

  1. Beach-yi21 July 2005 at 21:01:00 GMT+8

    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).

    ReplyDelete
  2. akikonomu21 July 2005 at 22:50:00 GMT+8

    This comment has been removed by a blog administrator.

    ReplyDelete
  3. akikonomu21 July 2005 at 22:53:00 GMT+8

    I'm sorry. Which blog? Whose views? No links in your comments, so no idea.

    ReplyDelete
  4. Beach-yi21 July 2005 at 23:01:00 GMT+8

    I meant this one. paiseh.


    http://szemeng.blogspot.com/2005/07/its-good-thing-rising-tide-lifts-all.html

    ReplyDelete
  5. akikonomu21 July 2005 at 23:24:00 GMT+8

    Done. Commented, as recommended...

    ReplyDelete