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Saturday, December 24, 2011

Two perspectives - Sim Ann and Lucky Tan


Lucky Tan makes two interesting points that challenges the prevailing PAP point of view:

  • Some people abuse welfare, so we have to make it difficult for people to abuse the system (Lucky Tan said that this makes it more difficult for genuine cases to get help).
  • Europe has fallen due to its welfare stage (Lucky Tan said that the problem in Ireland and Spain is due to the bursting of the property bubble).
I agree with Lucky Tan on both points. We have to be careful that Singapore is also riding on a property bubble. While it is still going up, we may feel happy. But, we cannot escape the fate that has happened in many countries.

Read more in the article by Lucky Tan. And share your views here.

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