Rich-Poor Divide: What Would You Do? (Anon Poll)

[gfoo]

Ha Ha, I feel that the richer and more important you are, the less you work, ever notice that in big companies, if you actually have to work, it means you are low ranking. Bosses just talk.

And how to be the boss? In many instances, it is good looks, luck, inheritance and social networking, or any of the four, or combination.....seldom through working hard.

bosses work too lor, sometimes harder

[xebay11]

bosses work too lor, sometimes harder

Sure but these are minority, especially in large MNC environments.

[jlrx]

The most fundamental problem behind this rich-poor divide is the oversupply of humans.

The world population is increasing exponentially, totally without regard as to whether so many humans are needed in the first place.



The Third World, especially, is producing so many humans with low manual skills, that there is no way for wages to go but down.

If population growth were to follow some simple economic theory on supply and demand, like other factors of production, it should have stopped growing a long time ago.

What Obama doesn't realise (or pretends not to realise) is that his "jobless recovery" is simply a manifestation of a bigger problem - the oversupply of humans.

So if Obama insists on printing more and more money until he solves the US's "jobless recovery" problem, then I foresee there will be no end to his "money printing" programme.

So what is the best thing to do?

Recovery to continue: Singapore GIC
Reuters
Singapore
Saturday, 14 November 2009, 4.10 pm


Dr Tony Tan, GIC Deputy Chariman and Executive Director -- Photo: Reuters

Sovereign wealth fund the Government of Singapore Investment Corp ...

GIC, estimated to be the world's fourth largest wealth fund with assets in excess of $200 billion, has been putting more money in alternative investments such as real estate

[Regulators]

in singapore not much of a divide to talk about with out tiny population. look at the united states and you will know what the divide is. the wealth of the states is in the hands of the top 2 percent who are powerful enought to inflate or deflate the country's gdp.

[mogyi]

Quote:
Originally Posted by xebay11
Ha Ha, I feel that the richer and more important you are, the less you work, ever notice that in big companies, if you actually have to work, it means you are low ranking. Bosses just talk.

And how to be the boss? In many instances, it is good looks, luck, inheritance and social networking, or any of the four, or combination.....seldom through working hard.


bosses work too lor, sometimes harder

Yes, it's true bosses sit back and watch the tide goes by and grass grow taller... but what were they doing before they reach there? and when biz crashes who get the biggest hit?

[august]

in singapore not much of a divide to talk about with out tiny population. look at the united states and you will know what the divide is. the wealth of the states is in the hands of the top 2 percent who are powerful enought to inflate or deflate the country's gdp.

divide has nothing to do with big or small population leh...

SG's income gap is one of the highest, if not the highest for developed nations.

[jlrx]

divide has nothing to do with big or small population leh...

SG's income gap is one of the highest, if not the highest for developed nations.

Below is the GINI coefficient ranking for various countries (higher GINI coefficient, higher income gap).

Country with available GINI data

Namibia (74.3)
Lesotho
Sierra Leone
Central African Republic
Botswana
Bolivia
Haiti
Colombia
Paraguay
South Africa
Brazil
Panama
Guatemala
Chile
Honduras
Ecuador
El Salvador
Peru
Dominican Republic
Argentina
Papua New Guinea
Zambia
Niger
Swaziland
The Gambia
Zimbabwe
Costa Rica
Malaysia
Venezuela
Madagascar
Mozambique
Nepal
Guinea-Bissau
People's Republic of China (46.9)
Rwanda
Mexico
Uganda
Jamaica
Uruguay
Cameroon
Côte d'Ivoire
Philippines
Nigeria
Turkey
Hong Kong (43.4)
Nicaragua
Iran
Kenya
Singapore (42.5)
Burundi
Thailand
Cambodia
Senegal
Ghana
Turkmenistan
United States
Georgia
Sri Lanka
Mali
Russia
Tunisia
Burkina Faso
Morocco
Israel
Macedonia
Malawi
Mauritania
Trinidad and Tobago
Jordan
Guinea
Portugal
Latvia
India
Uzbekistan
Azerbaijan
Benin
New Zealand
Italy
Lithuania
United Kingdom
Estonia
Algeria
Australia
Spain
Laos
Tanzania
Poland
Egypt
Vietnam
Greece
Indonesia
Ireland
Kazakhstan
Armenia
Switzerland
Bangladesh
Yemen
Moldova
Belgium
Mongolia
France
Canada
Tajikistan
South Korea
Albania
Romania
Netherlands
Pakistan
Kyrgyzstan
Ethiopia
Belarus
Bulgaria
Austria
Croatia
Slovenia
Germany
Ukraine
Finland
Hungary
Bosnia and Herzegovina
Norway
Slovakia
Czech Republic
Sweden
Japan
Denmark (24.7)

[Regulators]

numbers determine the significance n impact of that divide. The rich n poor divide in the states is significant to world economics due to the large numbers that affects world consumerism n trade etc. The divide in singapore creates no dent or ripple in world economics that is the dif

divide has nothing to do with big or small population leh...

SG's income gap is one of the highest, if not the highest for developed nations.

[fourth]

Helping the poor (those that cannot manage day to day living) is okay.

But if helping the not-so-rich (those that cannot own mature estate or private property) become richer, then please don't do it.

[teddybear]

The bigger the the rich-poor divide, the bigger the difference in property prices between surburbs (read OCR) and urban areas (read CCR (but not the part of CCR far away from city locations - if you look at the map you will know what I mean)). If the difference in prices has not happened because of rapid increase in OCR prices, it will happen sooner or later (read CCR will play catch-ups - which seems to be happening now as reported in the news).

Helping the poor (those that cannot manage day to day living) is okay.

But if helping the not-so-rich (those that cannot own mature estate or private property) become richer, then please don't do it.

[fourth]

The bigger the the rich-poor divide, the bigger the difference in property prices between surburbs (read OCR) and urban areas (read CCR (but not the part of CCR far away from city locations - if you look at the map you will know what I mean)). If the difference in prices has not happened because of rapid increase in OCR prices, it will happen sooner or later (read CCR will play catch-ups - which seems to be happening now as reported in the news).

Does not matter in my opinion. Let market forces decide. Nothing is black and white in life. You read it right, you make $. If not, you lose. If scared, don't go in. I am just against using Public money on people who don't need it. The rich-poor divide here is insignificant compared to other countries.

But if someone tries to provide housing ownership to people who cannot afford it (like subprime), then it is heading down.

Also, if the Gov interfere too much so that there is no more free market (which is starting to look that way), then property is going down too. Why? No foreigner investors will want to come in.

Let's face it. How can there be a country that everyone wants to come in..... be so cheap to stay in?