This is an excellent analysis of the Population White Paper. I have given the following comment to thee paper:
Quote:
The Government is blind to their errors made over two decades. By allowing property prices to escalate to ridiculously high levels, they have increased the cost of living and cost of housing to unbearable levels. This is the primary cause of the low fertility rates – most citizens cannot afford to raise children.
The policies that they had adopted for two decades to address the low fertility rate, and the many tweaks to these policies, failed miserably, and yet the persist on the same path of destruction.
We need to think out of the box. I will be giving some unconventional views in http://www.facebook.com/kinlian.
The Government made the wrong assumption in worrying about the old age support ratio. They worry that there are not enough young people to support the old people.
If they “open their eyes”, they will realize that it is the other way round. The parents have to support their children to make the down payments for the ridiculously high property price. The problem is – there are not enough rich parents due to the big income gap.
The problems caused by the bad PAP policies for two decades will take a long time to unravel. It may be best for the PAP to be replaced in 2016.
Unquote:
http://www.tremeritus.com/2013/02/09/population-white-paper-deconstructed/#comment-863558
Quote:
The Government is blind to their errors made over two decades. By allowing property prices to escalate to ridiculously high levels, they have increased the cost of living and cost of housing to unbearable levels. This is the primary cause of the low fertility rates – most citizens cannot afford to raise children.
The policies that they had adopted for two decades to address the low fertility rate, and the many tweaks to these policies, failed miserably, and yet the persist on the same path of destruction.
We need to think out of the box. I will be giving some unconventional views in http://www.facebook.com/kinlian.
The Government made the wrong assumption in worrying about the old age support ratio. They worry that there are not enough young people to support the old people.
If they “open their eyes”, they will realize that it is the other way round. The parents have to support their children to make the down payments for the ridiculously high property price. The problem is – there are not enough rich parents due to the big income gap.
The problems caused by the bad PAP policies for two decades will take a long time to unravel. It may be best for the PAP to be replaced in 2016.
Unquote:
http://www.tremeritus.com/2013/02/09/population-white-paper-deconstructed/#comment-863558
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