In Singapore, most of the citizens don’t even have much of a choice when the government makes decisions.
Despite being in uncertain times, and a lot of people having a hard time since the pandemic, there is a sleuth of tax hikes since the 2020 election, like after any other elections in Singapore.
There is uncontrolled inflation driving up all sorts of costs. Food prices easily went up by more than 10% already in many of the places that I visit.
Singapore Core Inflation Gathers Speed to Fresh 14-Year High
A lot of other people are profiteering in the situation as well. Landlords are increasing rents as Singapore imports more foreigners.
‘Overwhelmed, defeated’: Expats face up to 70% rise in housing rents as prices hit record highs
With no rent control or capital gains tax, there are many people, locals and foreigners taking a bite in the property market. When the coffee shops for $41M, rents for the stalls go up, and food prices go up. So when the imported vegetables, meat and other ingredients go up due to the increase fuel prices, the hawkers have to also deal with greedy landlords.
Often, I’ve always thought about why is there still so much support for the governing party?
