Read more at https://www.channelnewsasia.com/news/world/richest-1-made-82-of-wealth-created-last-year-oxfam-9882512
22 Jan 2018 08:56AM
Christopher Bong ·
Works at Happily Retired
This very same thing is happening in Singapore too. The lower end takes the brunt of the situation while the rich and the elite are protected and feted by the government. Now you know why the MCCY is not alarmed by the widening social divide?
Ricky Lim ·
The statement read :-
"MCCY concerned but not alarmed about IPS survey findings on social class divide: Grace Fu".
Pse convey the full statement and not cherry pick - and produce a "half truth" context.
Singapore social class divide situation - is presence like any other Capitalist state - but not alarming.
More than 90% of Singaporeans own a house - whether HDB flats or private house.
Education is compulsory is for all students.
Tax are progressive - that tax the rich and social benefits skewed towards the needy such as lower income groups, elderly.
There are many programmes to help Singaporeans.
Singapore is not perfect else it will have become utopian - but Singapore is far from alarming in social class divide.
Hence the statement - "concern" but not "alarmed".
"MCCY concerned but not alarmed about IPS survey findings on social class divide: Grace Fu".
Pse convey the full statement and not cherry pick - and produce a "half truth" context.
Singapore social class divide situation - is presence like any other Capitalist state - but not alarming.
More than 90% of Singaporeans own a house - whether HDB flats or private house.
Education is compulsory is for all students.
Tax are progressive - that tax the rich and social benefits skewed towards the needy such as lower income groups, elderly.
There are many programmes to help Singaporeans.
Singapore is not perfect else it will have become utopian - but Singapore is far from alarming in social class divide.
Hence the statement - "concern" but not "alarmed".
Like · Reply · 1m
Christopher Bong ·
Works at Happily Retired
Ricky Lim obviously do do not read and understand, I wrote “MCCY is not alarmed” and I did not say “MCCY is not concern.” Please read and understand before making a fool of yourself.
Ricky Lim ·
But your statement say :-
"This very same thing is happening in Singapore too. The lower end takes the brunt of the situation while the rich and the elite are protected and feted by the government.".
You can ask your own heart --- are you really serious in saying "I did not say “MCCY is not concern.”"
You yourself know best - what you want to convey - even if you want to deny it.
You are not conveying the whole truth - but half-truth - to bring out a story that is exactly the opposite.
The whole report provide a totally different view.
"This very same thing is happening in Singapore too. The lower end takes the brunt of the situation while the rich and the elite are protected and feted by the government.".
You can ask your own heart --- are you really serious in saying "I did not say “MCCY is not concern.”"
You yourself know best - what you want to convey - even if you want to deny it.
You are not conveying the whole truth - but half-truth - to bring out a story that is exactly the opposite.
The whole report provide a totally different view.
Ricky Lim ·
"The billionaire boom is not a sign of a thriving economy but a symptom of a failing economic system," Oxfam executive director Winnie Byanyima said in a statement.
--
Indeed this will be a real issue - if full robotics, AI, automation, driverless, drones fully replace human capital in the labour market.
(1) Factories and firms will be operated by robots - only the top management are bossess and rich owners.
(2) Majority of the human has no jobs, no income.
(3) Economic activities in all Countries come to a standstill - as goods and services are produced enmass. But since human capital are not working with no income --- no one can afford to buy the goods and services produced by robots owners.
(4) Social disorder break out as Economy fails.
This will be quite a possible scenario and a frightening one - in far future or even the near future.
--
Indeed this will be a real issue - if full robotics, AI, automation, driverless, drones fully replace human capital in the labour market.
(1) Factories and firms will be operated by robots - only the top management are bossess and rich owners.
(2) Majority of the human has no jobs, no income.
(3) Economic activities in all Countries come to a standstill - as goods and services are produced enmass. But since human capital are not working with no income --- no one can afford to buy the goods and services produced by robots owners.
(4) Social disorder break out as Economy fails.
This will be quite a possible scenario and a frightening one - in far future or even the near future.
Like · Reply · 1m
Ricky Lim ·
The World must work out a new Economic system - that is fair, that encourage works, that will not be skew towards one small group - but everyone.
Like · Reply · 1m
Ricky Lim ·
And it seems like a hybrid of "Capitalism + Socialism" could be a better new Economic model.
It tamper hardwork with compassion.
It tamper hardwork with compassion.
Like · Reply · 1m
Ricky Lim ·
And a mathematical model to calculate and build :-
(1) What is the subsistence - for a household to minimally survive - as the base of "Socialism". (Compassion)
(2) Foster, encourage, reward entrepreneurship, hardwork, jobs - through "Capitalism". (Wisdom)
This should be a new Economic model that can be worked on --- in this advent of proliferation of robots, AI, disruptive technologies, automation, driverless, drones etc that take away jobs.
(1) What is the subsistence - for a household to minimally survive - as the base of "Socialism". (Compassion)
(2) Foster, encourage, reward entrepreneurship, hardwork, jobs - through "Capitalism". (Wisdom)
This should be a new Economic model that can be worked on --- in this advent of proliferation of robots, AI, disruptive technologies, automation, driverless, drones etc that take away jobs.
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