As Singapore’s inflation is expected to rise to 6.5% in the next year, something came to my mind when I pondered upon the similarities between Singapore and Tokyo.
- Both are urbanized communal societies.
- Prices are jack expensive (at least that’s what Singapore is going to be).
- Geriatrics will be an issue (Japan is there, Singapore will have a large elderly population by the end of next decade).
- The politics are similarly styled (except that Singapore doesn’t have an Upper and Lower Houses that are commonly found in other democratic societies).
There are a lot of exceptions that differentiates Singapore and Tokyo completely, but if there are any indications on to the state of life in Singapore, let’s just say I’ve been to Tokyo, albeit for an 8 day stay. While I loved the city for its exuberance, I don’t fancy staying there. $3.50 for a tin can? Forget it! But this is what Singapore is going to be for the next decade or so. The upcoming F1 GP will also deflate whatever hopes of reconciliation of the perceived income gap that I see. The economic situation in Singapore will make the rich, filthy rich, and the poor, damn poor. The middle-income groups will have to be sacrificed, and I won’t be part of that sacrificial lamb exercise. Looks like I will have to invest in more money to be nomadic.
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