Sombre update of our country’s fiscal position by DPM Heng
Finance Minister Heng Swee Keat gave a sombre update of our country's fiscal position in Parliament this afternoon. "Revenue collection are expected to fall across all categories of revenue"- Heng Swee Keat. "We expect our revenue position to be weak for a number of years"- Heng Swee Keat. Of course this is not the end of the...
Employers are struggling to survive
A newspaper editorial asks this question: Job-hunting in a pandemic: Are Singaporeans too entitled? Employers too exploitative? I believe that most employers are struggling to survive. They are not exploitative. Some are, but this is likely to be the minority. Singaporean workers should accept the reality. It will be a very...
This Time, It Really Is Different
Without any real scalable sources of wealth, modern monetary theory is the belief that manufacturing wealth by driving increases in asset values which works as long as someone else is stupid enough to pay more than the last person. This escalator is fueled by immigration. A common denominator of these zoonotic diseases is the...
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