Build and build - who pays har?

[UncleFai]

Massive infrastructure capacity building plans announced in the last few days.

I have a simple question: who pays har? And with all these capacity, will it mean we die die must go for 6.9 million to utilize all these stuff?

 

[hanzohattori]

Well..if the economy keep expanding, it will pay for itself.
Without these projects, economic growth will likely be negative, and thats... not... good. Period.

 

[cks2k2]

it's a chicken-and-egg scenario.
you don't build -> slow/no economic growth
slow/no economic growth -> can't build

you can read about "system dynamics", it covers stuff like this.

 

[d2xpeter]

Build And Build?

of course you hv to Pay And Pay.

Remember, all good things come with a price!

Who pays? simple, just take the first letter of each word in "Pay And Pay" lor. LOLLLL

 

[d2xpeter]

it's a chicken-and-egg scenario.
you don't build -> slow/no economic growth
slow/no economic growth -> can't build

you can read about "system dynamics", it covers stuff like this.

I would say it is more of a vicious cycle.....build and build, pay and pay, need more $$$ ---> back to build and build, pay and pay............never ending

 

[cks2k2]

I would say it is more of a vicious cycle.....build and build, pay and pay, need more $$$ ---> back to build and build, pay and pay............never ending

it's called... capitalism.
ever heard of it?

 

[d2xpeter]

look up wiki.....and don't quite understand this para...esp those in red.

"In practice, all early 21st century developed economies devote 40–60% of their GDP to taxes and the public sector. Those that devote more, such as Scandinavian countries, are also rated the most successful by their citizens, and by measures of economic well-being such as literacy, housing, lifespan, and gender equality. This suggests that capitalism is or has evolved towards some kind of compromise or truce with democracy, as Joseph Schumpeter first clearly predicted"

 

[hanzohattori]

look up wiki.....and don't quite understand this para...esp those in red.

"In practice, all early 21st century developed economies devote 40–60% of their GDP to taxes and the public sector. Those that devote more, such as Scandinavian countries, are also rated the most successful by their citizens, and by measures of economic well-being such as literacy, housing, lifespan, and gender equality. This suggests that capitalism is or has evolved towards some kind of compromise or truce with democracy, as Joseph Schumpeter first clearly predicted"

Means you get 40-60% GDP income from taxes, and spend it on public sector. Basically a socialist welfare state. I could be wrong though

 

[Bukitimah]

Massive infrastructure capacity building plans announced in the last few days.

I have a simple question: who pays har? And with all these capacity, will it mean we die die must go for 6.9 million to utilize all these stuff?

You are spot right. 7 millions to pay for all these so that 700 will get the fruits with the rest sharing whatever is balance. Not bad hor if you managed to climb to within the 700. It is never wrong to invest but can the people cope? The top 1% of the population will definitely say yes simply the returns will be ten times or more. Many bottom people have not seen anything great after the last 20 years expect that they now have a roof over their head but work till they drop dead. The recent survey tells a simple story, they need a breather.

 

[lkf73]

We need to continue to build to set SG as different from our neighbors. Only then can we maintain a competitive edge.

But what we build must add to making Sg unique and make people want to come here and work and invest.

I don't support the 6.9m though unless the other infrastructures like transport and roads can be addressed.

 

[ricohflex]

The idea is to build before Indonesia and Malaysia again impose an aggregate (granite) and sand ban on exports to Singapore.

They did that once before.
Former MLY PM, Mahatir hates Singapore - rumor mill is maybe because loans not given to bail out his son's share losses.
Former Indonesian President Bacharuddin Jusuf Habibie hates Singapore - because LKY advised Suharto against choosing him as Indonesian VP. After he became president, Habibe threatened Singapore and called it a little red dot.

Now the Indonesian President SBY and Malaysian PM Najib are friendly towards Singapore. So better build before both these countries get new leaders who dislike Singapore.

 

[Octarine]

Means you get 40-60% GDP income from taxes, and spend it on public sector. Basically a socialist welfare state. I could be wrong though

I have lived in one socialist country for 18 years, there are distinctive fundamental differences to let's say Sweden.