Tuesday, October 01, 2013

Money isn't Everything

I was reading Dr. Chee Soon Juan's article on a place for money in society in TRE.  Conceptually, I agree with the notion that money isn't everything.  We should have compassion and fun in living.  A balanced lifestyle.  Money buys almost everything in our current society.  And the phenomenon of high real estate price is in Australia and New Zealand.  The average worker is unable to afford a home.  At least for them, they can still afford a car so in a way better than a average Singaporean.  I am thinking maybe the reason why the real estate prices are so high may be due the printing of money.  US may be the root cause of making real estate price beyond the reach of average worker.  QEI, QE2 and now QE3 cause the real estate prices around the world to rise.

Medical costs have risen exponentially as well.  Doctors wants and need a good living.  As doctors, they want to afford the nice houses.  So the idealistic doctor who heals without expecting to earn his reasonable returns for his skills is newsworthy. 

So I wish that money isn't everything.  Unfortunately for Singaporeans, we are living in a city-state and there is no kampong or farm we can go to lower the cost of living.  Therefore our government has to do something to reduce the suffferings of the people in the low income levels.

1 comment:

Boh Tong aka Luke Tan said...

You are absolutely right BL!