PAP’s tilt towards the vulnerable #per-capita

In https://www.channelnewsasia.com/news/singapore/ge2020-lawrence-wong-pap-to-do-more-win-young-middle-aged-voters-12943628?cid=h3_referral_inarticlelinks_24082018_cna, Lawrence Wong said

“We also need to ask ourselves, why did the PAP manage to retain 61 per cent? In fact, the PAP has never gone below 60 per cent all these years, and that’s because the base kept faith with the PAP knowing that the PAP kept faith with this base,”

“What is this base? They are the working class, the middle class, the heartland of Singapore and the PAP must continue to keep faith with our base.”

He added: “Our policies must always tilt in favor of the less fortunate and vulnerable. This is in the PAP’s roots and DNA. We must never waver in our commitment to social justice, to preserve social mobility for all Singaporeans and to build a more fair and just society.”

During covid19 pandemic, the migrant workers’ living condition was highlighted as evidence of inequality in Singapore. However, the PAP government takes care care the poor iFF they are citizens.

— My take: I am the middle class !

  • Until I returned from U.S. in 2012, I identified myself 100% with the working class of Singapore.
  • I think after I finishing paying my mortgage and MSFM, my BRBR started feeling like middle class.
  • After my overseas properties started producing, I felt more like middle class.
  • as of 2020, I feel my income is middle class in terms of per-household percentile. But by per-capita percentile, my family may not qualify to be middle class.

After or even before retirement I may slide from cashflow high-ground into cashflow low-ground. I would be more vulnerable and would appreciate the PAP’s tilt.

— tilt but low tax on the rich?

In the west, high personal income tax is supposed to reduce income inequality but I am disillusioned completely. The rich tends to have resources to help them avoid high tax. U.S. and China both have higher income taxes but the poor are better taken care of in Singapore.