Inflation in Singapore on the rise: Your views; Discuss.
- Thread starter jeepers
- Start date
Godspeed64
Active member
Without, inflation, there would be no economic growth..
If you want to prosper, you have to bear the consequences..
I guess those who splurge large amounts of money, eg.Musicians, would definitely be affected by this..
Part and parcel of life I guess.. Something you can't avoid in the pursuit of something else..
If you want to prosper, you have to bear the consequences..
I guess those who splurge large amounts of money, eg.Musicians, would definitely be affected by this..
Part and parcel of life I guess.. Something you can't avoid in the pursuit of something else..
j_m_s
New member
^ + to godspeed.
thats true.
no inflation no economic growth.
Prices everywhere are increasing. If they dont raise prices, they'll be making less profit, overall profit for sg would be less and therefore less economic growth.,
take in to consideration food stalls.
overhead costs are rising.
rental goes up, oil goes up, eggs goes up. chicken goes up and what not. everything increases.
therefore they have to increase their prices too.
its an inevitable "event" that is bound to occur.
thats true.
no inflation no economic growth.
Prices everywhere are increasing. If they dont raise prices, they'll be making less profit, overall profit for sg would be less and therefore less economic growth.,
take in to consideration food stalls.
overhead costs are rising.
rental goes up, oil goes up, eggs goes up. chicken goes up and what not. everything increases.
therefore they have to increase their prices too.
its an inevitable "event" that is bound to occur.
subversion
Moderator
the relevant authorities should step in to ensure people are not thrown off-guard by the rise in prices especially if it affects critical needs. this is being manifested by the current budget debate in parliament.
this goes to show that the govt has enough $$$ to redistribute for compensation but do we need to wait for inflation for this to happen?
this goes to show that the govt has enough $$$ to redistribute for compensation but do we need to wait for inflation for this to happen?
shinobi
New member
=Godspeed64
what's the purpose of growth? isn't it to enable us to have a higher utility and standard of living?
the singapore economy is still developing, hence growth figures of 4-6% is necessary. would you expect 4-6% growth in matured economies like the USA? no.
the question then boils down to what exactly 'growth' is, which is the increase in GDP. so if singapore's GDP increases, does it mean that we are better off? no.
when the GDP increases with inflation, whatever growth we have is nominal. which means, nobody gets better off, whatever we produce as a nation gets cancelled out or is a direct result of the change in prices. your prata stall uncle can boast about his an increase in revenue, but what would it matter if it was due to an increase in prices, which were caused by rising inflation? on one hand we recieve more money, but on the other we have already given out the same amount. we don't get any richer but the economy grows, which is good for the nation.
but in these times, prices are not only increasing, but inflation is increasing as well. meaning it increases at a faster rate. in october last year inflation figures reached a 16 year high. in november, it reached a 25 year high. if it wasn't already a problem, what else are you waiting for before we admit that it is a problem, and do something about it. recession? nominal growth is always there. but real growth is falling. we are getting poorer.
so ask yourself: what is our hard work for? are we working hard so that we have growth, or are we working hard so that we can have a better life? if you think that we will always be better off if we have growth, now is a good time to wake up
the government 'redistributes', meaning that they have already taken something away from us. everything the government does is financed by us, the taxpayers. that includes the IR project, and the numerous failed investment efforts by temasek holdings such as suzhou. not long ago we had a boom. was it really necessary for the government to step in and boost the economy further?
what's the purpose of growth? isn't it to enable us to have a higher utility and standard of living?
the singapore economy is still developing, hence growth figures of 4-6% is necessary. would you expect 4-6% growth in matured economies like the USA? no.
the question then boils down to what exactly 'growth' is, which is the increase in GDP. so if singapore's GDP increases, does it mean that we are better off? no.
when the GDP increases with inflation, whatever growth we have is nominal. which means, nobody gets better off, whatever we produce as a nation gets cancelled out or is a direct result of the change in prices. your prata stall uncle can boast about his an increase in revenue, but what would it matter if it was due to an increase in prices, which were caused by rising inflation? on one hand we recieve more money, but on the other we have already given out the same amount. we don't get any richer but the economy grows, which is good for the nation.
but in these times, prices are not only increasing, but inflation is increasing as well. meaning it increases at a faster rate. in october last year inflation figures reached a 16 year high. in november, it reached a 25 year high. if it wasn't already a problem, what else are you waiting for before we admit that it is a problem, and do something about it. recession? nominal growth is always there. but real growth is falling. we are getting poorer.
so ask yourself: what is our hard work for? are we working hard so that we have growth, or are we working hard so that we can have a better life? if you think that we will always be better off if we have growth, now is a good time to wake up
the government 'redistributes', meaning that they have already taken something away from us. everything the government does is financed by us, the taxpayers. that includes the IR project, and the numerous failed investment efforts by temasek holdings such as suzhou. not long ago we had a boom. was it really necessary for the government to step in and boost the economy further?
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jeepers
New member
in today's newspaper, they stated $20.1 mil (to be spent for the relocation of People's Association headquarters, and $3 mil (to buy furniture and equipment for new Changi Prison Complex)
i'm not questioning the relocation part, just curious to know where they're moving to and the $20.1mil price tag? where's their current location btw. sorry ah.
i'm questioning the Changi Prison upgrade though, new furniture and equipment for convicts? what's next, their own private theme park in there?
i agree with shinobi. i believe with the current economic plan, the rich will only get richer and the poor will only get poorer.
and just for the record, i'm not questioning the government's motives. i dont wanna serve time, whether or not the prison's resort-like after its upgrade.
i'm not questioning the relocation part, just curious to know where they're moving to and the $20.1mil price tag? where's their current location btw. sorry ah.
i'm questioning the Changi Prison upgrade though, new furniture and equipment for convicts? what's next, their own private theme park in there?
i agree with shinobi. i believe with the current economic plan, the rich will only get richer and the poor will only get poorer.
and just for the record, i'm not questioning the government's motives. i dont wanna serve time, whether or not the prison's resort-like after its upgrade.
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subversion
Moderator
=shinobi
one must not equate 're-' with the necessary association of what had already been taken to be further regenerated. yes the taxes are from us but it's not an absolute component of government expenditure, neither is it the only source.
the style of running things here in s'pore (to put it casually) is such that there is no absolute generosity by the government because it is not an entity detached from the public, it is the public.
the government isn't boosting anything further, it is merely playing its cards according to the occurrences.
i'm not inclining towards the ruling party with the things said above, please note...
one must not equate 're-' with the necessary association of what had already been taken to be further regenerated. yes the taxes are from us but it's not an absolute component of government expenditure, neither is it the only source.
the style of running things here in s'pore (to put it casually) is such that there is no absolute generosity by the government because it is not an entity detached from the public, it is the public.
the government isn't boosting anything further, it is merely playing its cards according to the occurrences.
i'm not inclining towards the ruling party with the things said above, please note...
shinobi
New member
one hand gives, the other hand takes
the real losers in this zero-sum game are the poor and elderly. they dont have a voice. and when the people speak up, we are made to sound like ungrateful whiners. but honestly, there is little much we can do.
everyday the newspapers paint a fantastic picture of what's going on in our country. but we know that we are facing real problems and huge decisions and policies are being made in an attempt (hopefully) to solve them
it's not that the government is trying to do us or anything. but as many would know, government policies affect us deeply. many are not convinced by the strategies, and there has to be a reason
the real losers in this zero-sum game are the poor and elderly. they dont have a voice. and when the people speak up, we are made to sound like ungrateful whiners. but honestly, there is little much we can do.
everyday the newspapers paint a fantastic picture of what's going on in our country. but we know that we are facing real problems and huge decisions and policies are being made in an attempt (hopefully) to solve them
it's not that the government is trying to do us or anything. but as many would know, government policies affect us deeply. many are not convinced by the strategies, and there has to be a reason
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fuzztremecho
New member
ah conspiracy theories at work here
well whether we like it or not, the S'pore economy is open and as such,market forces dictates the inflation/deflation,growth be it marginal or huge.
the S'pore Civil Service is the largest employer here and staffs wages increase,staff movements etc etc do play a part in the whole picture, contributing to higher this,higher that and what have you..
we need to visualise it from a helicopter view to see all the "scales of economies" work..
globalisation-to me its another term for survival of the fittest..its a cruel world but I need to play my role in this society..
give my family makan,pay the bills etc etc..
our Govt is rich.that is a fact but politics being as it is..the game have to be played right..you keep your aces and will use it only when need be
well whether we like it or not, the S'pore economy is open and as such,market forces dictates the inflation/deflation,growth be it marginal or huge.
the S'pore Civil Service is the largest employer here and staffs wages increase,staff movements etc etc do play a part in the whole picture, contributing to higher this,higher that and what have you..
we need to visualise it from a helicopter view to see all the "scales of economies" work..
globalisation-to me its another term for survival of the fittest..its a cruel world but I need to play my role in this society..
give my family makan,pay the bills etc etc..
our Govt is rich.that is a fact but politics being as it is..the game have to be played right..you keep your aces and will use it only when need be
subversion
Moderator
=jeepers
i'm not contesting any 'should we/ should we not' issues pertaining to expenditure but any prison for that matter should be a place of remediation. the environment & circumstances should be relevant enough to reform the wrong doers of society, it shouldn't be excessive. if the upgrades are addressing some pressing issues, it's fair. in any case, there shouldn't be deprivation to parties who have fallen into the dark recesses of life, if it's fair & it paves the way for the future, it should be done. i reserve further comments on the prison upgrading matter until i am privy to certain perspectives.
the economy is currently under capitalist practices, the rich getting richer & poor getting poorer is an expected by-product. but the current situation is that the the have-nots are being assisted to at least get on with life, not so much as catching up with the affluent.
IMO it's healthy to debate national issues time & again but things would get very personal/ sentimental as the matters at hand do strike a sensitive nerve among us.
i'm not contesting any 'should we/ should we not' issues pertaining to expenditure but any prison for that matter should be a place of remediation. the environment & circumstances should be relevant enough to reform the wrong doers of society, it shouldn't be excessive. if the upgrades are addressing some pressing issues, it's fair. in any case, there shouldn't be deprivation to parties who have fallen into the dark recesses of life, if it's fair & it paves the way for the future, it should be done. i reserve further comments on the prison upgrading matter until i am privy to certain perspectives.
the economy is currently under capitalist practices, the rich getting richer & poor getting poorer is an expected by-product. but the current situation is that the the have-nots are being assisted to at least get on with life, not so much as catching up with the affluent.
IMO it's healthy to debate national issues time & again but things would get very personal/ sentimental as the matters at hand do strike a sensitive nerve among us.
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fuzztremecho
New member
jeepers
Peoples Assoc is at Old Kallang Airport.Yup that place in between Kallang MRT and National Stadium
For Changi Prison Complex..well bro..its a "human rights issue" + yellow ribbon project + security issue + a lot of other stuff classified under OSA of which I have to shut my mouth issue.
Peoples Assoc is at Old Kallang Airport.Yup that place in between Kallang MRT and National Stadium
For Changi Prison Complex..well bro..its a "human rights issue" + yellow ribbon project + security issue + a lot of other stuff classified under OSA of which I have to shut my mouth issue.
subversion
Moderator
we need to ask ourselves why we keep choosing the people who limit our say, to represent us. it's been ongoing, wouldn't you agree? we'd thought that the more educated masses of today would embrace a different philosophy but things remain inert in this domain.
fuzztremecho
New member
bro sub
well said bro
well said bro
shinobi
New member
=subversion
man, i never looked at it from such an angle
choice is something we can't always have. restriction in all other aspects may just be manifested from a restriction in choice
maybe alot of our difficulties may have been put upon ourselves. maybe we are buckling under the weight of our own expectations
man, i never looked at it from such an angle
choice is something we can't always have. restriction in all other aspects may just be manifested from a restriction in choice
maybe alot of our difficulties may have been put upon ourselves. maybe we are buckling under the weight of our own expectations
=shinobi
Actually I feel that the government has done a lot to help us. And look at it from this angle... Singapore does not have a pension system running in place like Britain. The elderly and poor in Singapore have to do everything independently and they cannot totally rely on the government.
But what do they lose actually? Nothing much, really. Ever ask an old man:"Hey, what have you lost out this year with Budget 2008?"
Firstly, they don't give a damn about the budget. Secondly, they will bother more about the one-off bonuses that they may be entitled to. Thirdly, they don't have to work. Fourthly, they are all retiring. Fifthly, their daily expenses come mostly from their kids or their own CPFs. Sixthly, even if they are poor, the government do subsidize a lot for them.
I can say that the elderly people in Singapore are the most well taken care of. If that's the case, what do they have to say about their lives?
Actually I feel that the government has done a lot to help us. And look at it from this angle... Singapore does not have a pension system running in place like Britain. The elderly and poor in Singapore have to do everything independently and they cannot totally rely on the government.
But what do they lose actually? Nothing much, really. Ever ask an old man:"Hey, what have you lost out this year with Budget 2008?"
Firstly, they don't give a damn about the budget. Secondly, they will bother more about the one-off bonuses that they may be entitled to. Thirdly, they don't have to work. Fourthly, they are all retiring. Fifthly, their daily expenses come mostly from their kids or their own CPFs. Sixthly, even if they are poor, the government do subsidize a lot for them.
I can say that the elderly people in Singapore are the most well taken care of. If that's the case, what do they have to say about their lives?
FREEKILL9566
New member
=j_m_s
Lol j_m_s our canteen food price increase leh!
Cheers,
WH
Lol j_m_s our canteen food price increase leh!
Cheers,
WH
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