Originally Posted by
Unregistered
Aiyoh ... my goodness, I can foresee what sort of response your post is going to get from the sour grapes.
I don't think he will believe you, because he probably lives in a world surrounded by people within the same social class.
The problem here, I believe, is that there are two classes of people talking to each other. That's why sometimes it turns out 牛头不对马嘴 (Crosstalk).
Let me post below some information from IRAS Annual Report 2006 (the latest available). I shall ignore those who earn less than $200,000 per year.
$200,001 to $300,000 per year: 23,092 taxpayers.
$300,001 to $400,000 per year: 9,257 taxpayers.
$400,001 to $500,000 per year: 4,259 taxpayers.
$500,001 to $1,000,000 per year: 5,759 taxpayers.
$1,000,001 and above per year: 2,121 taxpayers.
Total number of taxpayers earning more than $200,000 per year: 44,488.
There are 44,488 people in Singapore earning more than $200,000 per year.
What do we do with all these money? That is one problem. Keep in the bank? The interest is really, I repeat, really miserable.
Buy cars? It's a depreciating asset, and you only need one to get around.
Buy planes? That's for tycoons.
Finally, you know what we buy.
Every few years, when the money in the bank grows to a certain amount, there is an urge to use it.
The first thing that comes to mind is properties. It's like a hobby.