article in Today abt Abenomics

[phantom_opera]

http://m.todayonline.com/commentary/abes-right-take-old-give-young

good read, Sg is now entering the 4 to 5 pc inflationary era which will force retirees to take more risk, but at the same time squeeze the underclass earning 1kpm .. low inflation of 2pc is history

the joke from finance minister: old ppl better hurry up and die

sounds like japan new garmen is now praising lky brutal meritocracy?

[minority]

http://m.todayonline.com/commentary/abes-right-take-old-give-young

good read, Sg is now entering the 4 to 5 pc inflationary era which will force retirees to take more risk, but at the same time squeeze the underclass earning 1kpm .. low inflation of 2pc is history

the joke from finance minister: old ppl better hurry up and die

sounds like japan new garmen is now praising lky brutal meritocracy?


Japan is where they are today becoz of its closed Society. Refusing to face the fact the population is aging . Now they have to pay the price. Unfortunately it's either the young pay or the old pay. Someone have to pay.

[DC33_2008]

My greatest worry is coming if singapore is to learn from Abe.

Extracted from the article:

PARASITE SINGLES

Now the government could tax workers directly through higher income tax or indirectly through higher corporate tax. But that seems unfair since younger people have already paid a price through reduced opportunity and earnings potential.
Alternatively, the government could tax those who accumulated wealth in the good years. Inflation is one way of doing that. So is inheritance tax. And indeed, the government plans to raise estate tax from 50 per cent to 55 per cent.
The intergenerational conflict is not as stark as the above analysis makes it sound. In practice, younger people with less well-paid jobs often live with their parents. There is even a term for it — parasite singles.
Grandparents indulge their grandchildren by running down their savings to pay for luxuries or education, a pattern now being encouraged with tax exemptions on some intergenerational transfers.
Generational rebalancing can go too far. Mr Taro Aso, the 72-year-old Finance Minister, recently joked that old people should “hurry up and die” so that they did not drain the public purse. Such horrible insensitivity aside, robbing retirees to pay for the next generation is no panacea.
More must be done, too, to shift money from cash-hoarding companies to cash-hungry households. Productivity must also be raised. Indeed, Prime Minister Shinzo Abe’s plans could come unstuck if wages — stagnant or falling for years — fail to keep pace with hoped-for inflation.
Still, part of the point of moving from deflation to inflation is to help tomorrow’s earners and wealth creators. If Japan’s savers have to lose a little in the process, so be it.

ABOUT THE AUTHOR:
David Pilling is the FT’s Asia editor.

[phantom_opera]

Sg very pragmatic lah but now must become a little populist

as what is happening, Sg can use reserve or surplus to build trains to pump prime economy, whereas Japan is in heavy debt so harder

[DC33_2008]

Move elderly folks to our neighbour in 10 years time. :ashamed1:
Sg very pragmatic lah but now must become a little populist

as what is happening, Sg can use reserve or surplus to build trains to pump prime economy, whereas Japan is in heavy debt so harder

[phantom_opera]

Move elderly folks to our neighbour in 10 years time. :ashamed1:

since SCs become so xenophobic ... SG will stop taking in more Indians, Pinoys, Burmese, Vietnamese, mainland Chinese and instead probably take in only Malaysian Chinese staying across the causeway

now CAPL / Temasek also invested in Danga Bay ... they probably have a plan to sell condos there with free shuttle bus to Woodlands MRT everyday