25 Dec '11, 5am

"I will tell you where she (Sim Ann) is wrong and she is wrong where it matters the most.."

"I will tell you where she (Sim Ann) is wrong and she is wrong where it matters the most.."

There is another part of the article where she links the current European crisis to welfarism. I’m not a proponent of the welfare state but this view is incorrect[Krugman : Legends of the Fail ]. It is ideologically attractive to simply point to the Europe and say that is the end result of having too much welfare but it is not true. Ireland and Spain failed financially because they rescued the banks when the housing bubble in collapse so the PAP govt should at least be equally worried about high housing prices. In the US, they had more welfare in the 70s and 80s but lower deficit and national debt because they also had high income taxes to pay for it. It is common sense that if a govt takes in less that what it spends it will have a deficit funded by debt. The US debt is caused as much by defense spending as it is by welfare entitlement but it is ideological to miss big el...

Full article: http://theonlinecitizen.com/2011/12/sim-ann-tackling-ineq...

Tweets

Sim Ann : Tackling Inequality: Charting our own...

singaporemind.blogspot.com 25 Dec '11, 12am

The PAP has to narrow the income gap even if it means reforming progressive taxes to produce a fairer outcome for our soci...

Two perspectives - Sim Ann and Lucky

tankinlian.blogspot.com 25 Dec '11, 1am

Lucky Tan makes two interesting points that challenges the prevailing PAP point of view: Some people abuse welfare, so we ...

What has gone wrong with SMRT, LTA, and the ent...

theonlinecitizen.com 25 Dec '11, 6am

The defects in our train systems are systemic in nature, and it would take a great deal of effort, resources and political...

Why Solar Policy Matters

Why Solar Policy Matters

solarfeeds.com 25 Dec '11, 4pm

We recently came across some analysis of future energy trends depicted in the International Energy Outlook 2011 published ...

Samsung reveals dual-sim Galaxy S II, Galaxy Y & Galaxy Y Pro

Samsung reveals dual-sim Galaxy S II, Galaxy Y ...

soyacincau.com 23 Dec '11, 2pm

For the Galaxy Y and Y Pro version, it will be catering for emerging markets. It has pretty much the same specs as the sin...

Green Build Blog: What’s Wrong With This Crawl ...

greenbuildingadvisor.com 26 Dec '11, 10am

The photo shows an unvented crawl space in a cold climate. The home was built in 1885. This crawl space is attached to an ...

MOLTON BROWN SHOWER GEL SALE + STOWAWAY TRAVELLER GIFT SET SINGAPORE HAUL AT NGEE ANN CITY: Molton Brown Singapore sto

MOLTON BROWN SHOWER GEL SALE + STOWAWAY TRAVELL...

beauterunway.com 23 Dec '11, 12pm

Molton Brown Singapore stores at Ngee Ann City Orchard and Raffles Hotel Arcade is offering up to 50% off selected Molton ...