Top 10 Reasons Why Singapore is Rich
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- čas přidán 31. 05. 2024
- Did you know Singapore is richer than the United States? With a GDP of over $466 billion, Singapore is the 6th wealthiest nation in the world, with the United States being the 7th nation. And get this: Singapore has done this while being smaller than the United States. I guess size doesn't matter after all. So, how did this small country do it? How has it beaten other countries to become one of the top wealthiest nations in the world? This is the Top 10 Reasons Why Singapore is Rich.
00:00 - Introduction
00:42 - Its Natural Resource
02:39 - Education
03:37 - Industries
05:57 - Ease of Doing Business
06:56 - Low Tax Rate
07:54 - Seaport
09:43 - Infrastructure
11:11 - Savings
11:58 - Keeping a Strong Reserve
13:07 - Visionary Leadership
14:03 - Conclusion
#singapore #rich #economy
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Why SG is rich ? : it was all started with MM Lee. He wiped out all corruptions. If any country has a system of government that is corruptible, the people will remain in poverty, illiterate and still living in slum even from generations to generations. Whether a country is rich or poor has a lot to do with its leader. The traits of a good leader must possess integrity and visions for the future of the people.
I am proud to be a Singaporean...and I wish Singapore all the very best in the years ahead❤
Yes 100% correct. The most important reason is Singapore has a near prefect PAP government.
Congratulations to all Singaporean for being wisen of not putting CLOWNS in the Singapore Government. Prosperity will be guaranteed under great governance.
Had Singapore followed the liberal democracy from day one, it wouldn't have achieved what it is today.
Can never understand why Singaporeans are so keen to come to Australia which has the most incompetent politicians.
Agreed, especially on mr. LKY. He is world greatest leader ever. Singapore so lucky to ever had him. I can't imagine what would Spore be now without him.
You got something stuck in yr throat?
LKY has made SG economy too much dependent of American FDI and other nations instead of making SG a self reliant economies like South Korea and Japan. SG would have been well off under a Korean or Japanese ruler than LKY.
@@deepone5005 and you have a problem with that?
@@RajaKumar-sj3et Name me a country that does not rely on FDIs. Korea relied on FDIs when it was rebuilding after the Korean war. As for the Japanese , their economy caved in after the Plaza Accord. We thank you for your concern but it appears that we are in a far better state than where you come from. You SHOULD probably worry about your own problems back home.
@@ML-yu5ij i was wondering whether that could have prevented enough oxygen to his brain to think in such a way. Or he could be so consumed with ecstatic pleasure, that only it and its owner matters in the world?
The no.1 reason should be because Singapore political system is different to the USA political system.
Lucky that Singapore is different from
the
Different from theUsa
No, the number 1 obvious answer is that Singapore is a tiny city state vs an entire continent-sized country.
If you measure it as quantity instead of quality and quantity.
We don’t put old folks in political office, only america can love old men in office joe biden at 81 years old and donald trump at 77 ( Used, Recycled politicians ) .
We can learn from finland, austria , new zealand to put younger people in political office
Singapore's success i due to our Brilliant Goh Keng Swee.
I am very proud to be a singaporean ❤
Be happy n kind here & now, be compassionate to self n others, then you would find Spore here is a nice n rich vibrant place to live n work n retire to. Take care.😊
Great model Singapore! Congrats! God bless!
😅😅😅 well-known world wide that DICTATOR cheating all vulnerable elderly hard earned cash for life and refused to refund full amount to any citizen at 55 till many forced to commit suicide for decades due to highly toxicated drug consumed at mental hospital.😢😢😢
I love my country with good govt of SG.👏👍
U r only partly correct about Singaporeans speaks English is why it attracts foreign investors. The truth is Sg being multiracial country, English is the working language and helps different races communicate effectively and understand each other creating racial harmony. Also the education system makes bi-lingual compulsory with English as the first language and mother tongue as the 2nd language. Hence, Sg can plug well into its surrounding region, with China, India & the West globally.
You missed out two very important fundamental aspects of economic growth, i.e. Stable government & very low corruption in Singapore.
Thank you for a good video.
Agree
❤Meritocracy, Pragmatism and Honesty are the fundamental reasons, sound simple but yet not so easy to achieve.😅
Singapore is the best country. No corruption (we have casinos and laundry), honest politics (we have sex scandals), no bias (PM' s father founded the island not Raffles), no uneducated (everyone is a reading machine)
City in USA the Biggest homeless in the world 🌏🌎🌍
If you say, the Kra canal will destroyed Singapore's economy, you are extremely wrong. It won't cripple Singapore's economy because it relies on exports. Based on past year statistics, the increase of exports led to a faster growing economy. Singapore also has reserves which the country use when there isn't even a crisis to keep its economy running and growing.
The nation only relies a bit on maritime trade but Singapore is a 'magnet' for foreign investment and tech companies to invent new technologies since the country has a good working enviroment. The technology and investment sector will help cover the income for maritime trade.
Lets see, this has been talking for so many donkey years yet till date nothing but keep on talking is liked talk cock sing song
Malaysian are very irritating
and affordable public housing also part of the success
affordable my foot! 1 million leasehold pigoen hole flats is NOT affordable.
not affordable at all. lolllll
There's no affordable housing there. Not even.
What millennium are you living in?😂😂
I am proud of Singapore's success.
US govt, is still trying hard to prove they are big brother but they are at the highest level of hypocrisy. next time if they come visiting again please pay for their own trip. the last Donald Duck came singapore funded his trip, shame on them!
Shame on Spore which has no back bone. It was a show of power over its vassal, Goondoo.
Shame on you! Singapore was generous and don't forget much richer than USA at least the Officials trips are not funded by other country. The country which need funding should be the one to be shamed upon, don't you think so. USA is deep in debts and a country divided, poor leadership . Not to forget killing of innocent lives with the free guns in the country. SHAMMEEEE@@deepone5005
If a small country like Singapore can afford it's people universal healthcare, accessible quality education, no homelessness, no endemic drug addicts, why the biggest, richest, strongest country in the world can't do the same to its 14:39 people?
@@MattsFikezolo-lo7wq Spore is run like a 5star dormitory where its workers are toilling for the bosses's foreign guests; 1 in 2 workers/residents here is a foreigner. They take the best well-paid jobs and some of the hardest jobs. The workers got no future as expendable econ robots who are renting their hdb apt from the state for 99 yrs,but sold to them as " owned properties" ie owned by the State. Their kids start from ground zero like any immigrant, no/ minmum inheritance wealth, after they revert to the state.
The US is land of the free , got it? You r free to be Tom cook, or a homeless. You choose. Whereas, In Spore, LHL & his gang are the Tom cooks of every aspect of your life. Is it now clearer?
Wa..why my innocent comment is deleted? Because it is the brutal truth?
Thank God for our good govt
You want to know how SG became wealthy beyond our wildest dreams? Yes there was LKY but who was he?
He was the man who made it possible with determination and gumption an undying fervor in his belly just like
Thomas Stamford Raffles had but it never came to fruition for Raffles. In short LKY is the reincarnation of
Thomas Stamford Raffles. He was allowed to reincarnate as a Chinese this time round and the rest is history.
DONT FORGET....STAMFORD RAFFLES WAS SERVING THE BRITISH COLONISM ❗️❗️
HE WAS NOT A VISIONARY ....AND IF HE WAS....HE WAS DOING IT FOR BRITAIN INTEREST ❗️❗️❗️❗️
NOT FOR SINGAPORE INTEREST ❗️❗️❗️
REMEMBER.....LKY WAS NOT STAMFORD RAFFLES. LKY WAS NOT WORKING FOR BRITISH COLONISM.....
THIS VERY UNIQUE MAN WAS THE MAIN VISIONARY FOR SPORE SUCCESS BECAUSE HE WAS THE SON OF THE SOIL....THAT IS SINGAPORE ❗️❗️❗️❗️
HE WAS BORN HERE AND DIED HERE ....HIS VISION FOR SINGAPORE WAS ENTIRELY HIS VERY OWN WITH HIS TEAM OF VERY CAPABLE MINISTERS WHO HAD BIG DREAMS MAKING SINGAPOREAN DREAMS, VERY DOWN TO EARTH REALITY OF HARD WORK TO BUILD STRONG ECONOMY FOR THEIR OWN PEOPLE ...THE TRUE BLUE SINGAPOREANS ❗️❗️❗️❗️
NOT LIKE STAMFORD RAFFLES ONLY TREATED SINGAPORE AS A TRADING POST FOR BRITAIN IMPERIALISM ❗️❗️❗️
YES ❗️❗️👍👍👍... LKY WAS A MAN OF LEGEND.....NOT STAMFORD RAFFLES ❗️❗️❗️
When a country is rich ...the ppl gets poorer
Congratulation
1)Higher average IQ 2)Democracy. 3)Rule of law.4)Free market economy.
I’m from Singapore and I have $3 😎✌️
That at least gives you an afternoon meal unlike Canada and Australia which require $25 at least if you include a bottle of water.
Which countries owes more than $33.5 trillion dollars ? Any countries that has less debt than $33.5 trillion dollars is richer than US!
新加坡土地面积734.3km²：SG size
4 animal theme zoo 动物园
5 theme parks
9 airports 机场
14 golf courses 高尔夫球
17 water reservoirs 蓄水池😢
171 shopping malls 购物中心
400+ hotels 酒店
300 parks 公园
4 natural reserves 森林保护区
64 islands。小岛
5M population 人口
91 different races(includes 4 main races)
140 train stations 地铁站
5000 bus stops 巴士站
110 food hawker centre 熟食中心
2200 coffee shops 咖啡店
14,000 F&B 餐厅/酒吧
6 University school 大学
5 polytechnic school 工艺学院
350 primary & secondary school 中小学
22 hospitals 医院
3500 private clinic/dental 私人诊所
1.1million apartment for resident 房子房租
1 million vehicles on road 车
2 casinos 赌场
21 stadiums (exclude school stadium) 体育中心
25 public pool 公共游泳池
117 skyscaper 高楼大厦
How many public toilets for pungsai?
fake info, sg got 1 gohmen zoo niah, 1 gohmen birdpark niah, i gohmen aquarium niah
Malaysian are very irritating
You are referring to GDP per capita, right?
Can you help me to come Singapore
What’s the problem ? Any kindergarten child knows that The U.S. is owing over USD34 Trillion ! Which country has that much debt ? No country is poorer !
It’s the strategic location and tax system.
Is the one and only country with certificate if entitlement cost of S$150,000 a puece of paper valid for 10 years .
Low tax rate but hundreds of taxes when add up is not liw tax rate anymore .
They need to find a better term than the silly "certificate of entitlement". Whoever chose those words did not possess sufficient linguistic proficiency in the English language.
@@sktoh4469 ,, it's not about linguistic proficiency , it's about greed and yet mislead the world as low taxation , if u adds up all taxes such as coe , erp , GST , levies , fines , summons , season and hourly parking , petrol , insurance premium , road tax , transport , ultilities , property tax , commercial n industrial , part time ministers super high salaries and many more adds up to a lot of high taxes but the media keeps claiming low taxes country in the world is actually super high taxes in the country .
@@jacksonwong90 I agree with you about excessive fees, taxes and the illusion about low taxation. However, my beef is really about the three unwieldly and cringy words that make up the COE acronym.
So you place car ownership as your top priority. Goes to show how uneducated you are
In Singapore, the rich get richer.
Wrong cover photos, PRC Chinese
luck that lky came along...if u hv. aliwar sg would b a bare rock....n he is chinese...no bribery no croyism no racilism/religious divide no stupid people....
Nhân viên : chưa đến : phát tiền lương cho hiếu 10.402.391 vnd 🇻🇳🇬🇧 ?
Singapore is rich, a not might not be what it seen, but can it provided 1 yrs border closure, during pandemic period with accumulated wealth of 30 yrs, to build stronger trust, protection and carrer match us abroad for better skill set,knowledge and culture exchanges. The ans is yes selected individuals.
Poor leadership.
You got it wrong, Singaporeans are not that rich ( only ranked no 19 by Wealth per capita ). You need to search under "List of countries by wealth per adult" from Wikipedia website and sort the Median Wealth column to see it. We are ranked no 10 by Mean Wealth. What the difference means is there are some very rich people in the country but the average Singaporean is not that rich. However we are ranked very high for GDP per capita especially after considering PPP. GDP per capita only means productivity is very high ( maybe we do more overtimes than people in developed countries ).
compare the median income of Singaporeans with that of other countries then. Learn some common sense
Where did u get that wealth index from? Pls google the RIGHT SOURCE & not from some American write up.🙄
Fact is Singapore been ranked CONSISTENTLY as the richest in the asia & been world top 5 richest, quite a few times Sg been world No. 2 or no.3 richest❤❤❤
U may not be rich but avg Singaporeans are rich so pls don’t measure by your own standard. Another fact is sg has the highest density of rich ppl, 1 in 6 households in SG are millionaires, tell me how many countries can achieve that?? Both sg citizens & Govt are considered rich that’s why sg is richest in sg.
Countries like china is richest only if u measured by the size of their large populations, but their avg ppl is not rich. China is rich because their Govt is vy rich(imagine the size of personal taxes they get to collect yearly from their 1.5 billion ppl)😂😂
Avg salary in china so low, they have one of lowest in the world,is about 6-7 times lower than S’pore(Sg has the HIGHEST avg salary in asia). Many mistaken china has many rich ppl but is because they have huge population of 1.5 billion ppl😂And the only way for them to be rich is to be in business or be self employed online influencer since they have a huge size of audience that they can get their $$ resources from😊
@@monalisaaltenburg4879 Please check from Wikipedia from the search buzzwords that I provided. There is a difference between real wealth and productivity. Please sort the "Medium Wealth" portion to see whether we are really that rich being behind Hong Kong people (less than half as rich), Taiwanese and Japanese. What I really wanted to say is we are not really that rich to be top 5 in the world; we are at least 40% poorer than the no 10 nation in the world. The millionaires we have are not the average Singaporeans. Also if there are 5 fellows in a millionaire household, that means on the average, each family member has only $200K ( not 1 million ). I am sure most Singaporeans would agree with me that they do not feel rich always having financial stress over many things but of course there are also many that already achieved financial freedom ( I am not one of them ). And we are poorer by "medium wealth" and "mean wealth" than Americans ( the benchmark nation in the video ) .
The people in general don't feel they are rich.
Is it to survive in Singapore
Is it so important to talk RICH, be RICH and smell RICH when there are so many struggling to get a meal a day? It is disgusting to say the least to pride being hoarders of wealth. No wonder the rich are called FILTHY RICH.
Less population, more high taxes like high COE, high lands cost even HDB govnmt built housing, no free education n free medical for old aged,
ML
Hahahaha. Depends on what you use to rank. Based on gdi per capita, Bermuda which is smaller (13x) than Singapore is the richest, and the US is richer than Sg.
Get your facts right. US not even top 5 for GDP per capita although it is the largest economy in the world.
@persimon6598 Having 33 trillion dollars debt, the USA is a rich country? How do you count?
Tell me you're uneducated without telling me you're uneducated.
Meritocracy in it's system practice, no compromise unlike it's neighbor😂
The Reasons Cited make Countries Mediocre…. Rich requires a different Skill set …
Because Singapore free and easy can wear shorts walk along the whole island
singapore girls are free and easy 😮
Singapore girls are free and easy ? 😮
Are there simple jobs in Singapore
During the height of the 1980s Japanese property bubble, the value of the palace grounds was held by some to be more than that of all the real estate in the U.S. state of California. Singapore is the same. Money is not value!
🌹💰🦘🦘🦘🦘👍
"Asian people have brilliant minds"...❤
The country is rich, but the people leaving in the country are they all wealthy, the govt may make the country rich but not the people, is high time we invest in our future.
Yeah, most of the people are struggling to survive, and the government would do anything about it, we just have to do something that will generate more funds.
Honestly speaking, investing is a smart way to secure your family's future, grow your wealth, and stay ahead of inflation.
You're right! It's important for everyone, especially those approaching retirement to have multiple streams of income, this way, during retirement, you can enjoy the benefits of your investments.
I get such worries too. I'm 39 and retiring early. Already worried of the future and where its headed, especially in terms of financies and how to get by. I'm also considering making my first investment in the stock market, but how can I do so given that the market has been in a mess for the majority of the year?
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisor and came across someone of utmost qualifications. She helped grow my reserve notwithstanding inflation, from $275k to $850k.
"Did you know Singapore is richer than the United States? " - No, because that's not true.
It's a city-state, there, I saved you a whole video.
🇸🇬🇺🇸 ?. Ok ?
All praise
All glory belong to God
The location of the island, wisdom in the governance, our blessings are all attributed to God. Happy is the nation whose God is the LORD. God could have LKY rule over Papua New Guinea but He placed him in Singapore
God also chose Stamford Raffles as our Founder so we benefit from the English Language. Itvwould be very different if we were dominated by the Germans or French
God gets the praise for the success of Singapore.
Utilities and public transport are profit making.. while u get to enjoy a safe & efficient country. It is run like a company..whatever make financial sense the govt will not hesitate to do it. So not much social & culture heritage.
SINGAPORE HAS ONLY 5 MILLION PEOPLE CMOPARED TO THE U.S. 340 MILLION PEOPLE, DOESNT MEAN SINGAORE IS RICHER THAN THE U.S.
He is measuring by GDP per capita, hello?? Go back to school & learn how to measure wealth when comparing to diff countries. Every country has diff size of population, that’s why the only fair way to measure ACCURATELY is by GDP per capita, that’s why Singapore is the richest in asia/world top 5 richest & not china if u measured this way, otherwise won’t be fair since China has 1.5 billion huge population😂.
@@monalisaaltenburg4879 You're the one who needs to go back to school. Tell me, which is the world largest economy, U.S. or Singapore? Which currency dominates the world market, USD or SGD? Which country produces the most technology and innovation that humans use, US or Singapore? That should give you the answer.
Doesn't matter the state is rich or not when your wages won't make you rich. Lol
No one in Singapore Smiles..
Ito Sana, ang gawin ni Tambaloslos romualdez tulungan si VP SARAH para Maka it ang quality of education para, sa, mga kabataan hindi ang cha2 ang pinag abalahahan.
Buys F-35 from USA
Much of the footage of schools and workplaces look foreign ..... definitely not taken in Singapore!!!
When the people don’t have quality of life, what is the point of being a rich country? When the people are working and taxes literally death! What is the point of being a rich country? Bottom line: The people should have quality of life, the government should care for the poor and the unfortunate. Overall a balance of managing and govern with reasonable rules! Not with iron fist and only the elites or their supporters benefit! This is not a rich country.
Rich can be only in terms of dollars!
Rich is when your are well overall! Not just in only a handful of people pocket.
But most Singaporeans have a decent quality of life tbh
I would say Singaporeans have not gone soft, but remain hardworking and travel a lot. Based on the mantra 'work hard, play harder'. The younger generation understands that the small base the nation is built on is not to be taken for granted. As once it is gone, it is very hard to build back. From my experience as an advanced Care Professional, the general public is well taken care of and the older folks told me they have seen so many changes in a single generation, and loved fruitful lives so far. When asked if they are happy, yes they tell me they are. I am also happy to be working hard and travelling to Iceland, ticking an item off the bucket list etc. no worries mate, we Singaporeans are enjoying the world-class infrastructure and a clean and green city for sure coupled with low crime rates and ability for women to walk the streets at night without any risk of danger or kidnapping!
Can you define quality of life?
@@philiplim2718 Quality of life can be determined by primary indicators such as income and job, housing, education, life-work balance, interpersonal relationships, infrastructure and services, and access to cultural and leisure activities.
The Skills future initiative provides $500 in initial top up followed by subsequent periodic tops ups for up skilling, career conversion, course fees, and complimentary specialised career advisory for members of the general public.
In terms of housing the typical Asian practice of children living with their parents until they are ready to make their own life applies. There are multiple welfare organisations and support groups to cater to adjustments to adulthood and continuing education as well.
Life-work balance depends on the individual, whether they want to fully utilise their annual leaves apart from office hours, generate more income from overtime, encash their leaves, utilise their compliance leaves so on so forth. Parental leaves for the dads and moms lasting weeks also apply.
The infrastructure is generally world class, with Singapore having the longest underground driverless mass rapid transit network in the world which is a decent achievement.
Services in the form of hospitality and tourism are decent, with hotels and butlers having served Lady Gaga, Katy Perry and other artistes. Singapore functions as a SEA hub for etc. US, China, Turkey companies to provide internatiinal customer support be it remote, sales, and a host of daily business operations due to a conducive environment for business set-up and continuity.
A secular, multi-racial culture is promoted with mosques, temples and churches operating peacefully next to each other. We even go to workplaces and schools as friends, so I don't see why race or religion should pose a difference based on meritocracy.
Leisure activities are abundant with 63 islands to hop from and to, Universal Studios, fun and cultural museums (ice cream/trick eye or civilisation museums), 5 nature reserves, plenty of interest groups for acting, singing, dancing, chess, too many to mention.
That's what I've got so far on my mind please, I welcome feedback and an understanding of your perspective :)
Isn’t pathetic when you can’t define quality of life?
# 1 reason : money laundering in Asia.
shows how uneducated you are
Continue your ego delusional trip, the rest of the world haven't stopped laughing
Little Red Dot Lah 👻
The operative word is not rich ..it Is RELATIVELY rich compared to other ctry
LOL en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita
Personal opinion is NOT fact. The fact is Singapore been ranked the richest in asia by GDP per capita. The number will do the talking. Also 1 in 6 households in Singapore r are millionaires, and sg has the highest home ownership in the world, how many countries can achieve that?
So since u claimed that u can compare to other countries & sg is not richer, then pls tell me which countries then??
The richest country have little natural resources being utilized. Japan?
Singapore is not rich. Why everyone keep saying we are rich. We don't have much welfare. Our food prices are going up. The locals are not happy
All the videos that praise Singapore is nothing but marketing trick.
@@Cococokieful yes. It's for tourists to see
shows how uneducated u are
Food prices going up is a global problem. SG Govt supplies affordable housing so 90% of Singaporeans own their own homes and don’t have to worry about spiraling rents. Govt also gives handouts in supermarket and other vouchers since Covid to help households with inflation. Also have universal healthcare in SG. Not much welfare? Locals not happy? Try being homeless on the street in a big western city, exposed to the elements, not knowing whether you can eat your next meal or afraid to fall ill because you have no money to see the doctor. Isn’t perspective a wonderful thing?
The goveenment is rich but not singaporean who are staying in a 99 year small rental flat
Carry on hating from the low income bracket
The government may be rich but not all of its people . Countries like qatar and Brunei share its wealth with its people. But not Singapore. Singapore elderly are working till the last breathe. So locals are not happy. Unless you are rich by birth . Our suicides and depression rates are high. Stop saying we are rich. Donate some money to me for God sake.
You are a fully capable adult with the mental and physical capacity to work remotely since you are a keyboard warrior who types coherently, kindly put your efforts to good use to generate some wealth for yourself with a stable job! Thank you :)
so many singaporeans are dying
depressions mental illness very serious in sg. jobless father killed own 4yo, 6yo daughters at home, many cases here, vey sad!
Its sea port is its natural resources but claim as no resources .
Agree its seaport is a natural resource but most countries have seaports as well as natural land resources which Singapore lacks and made good with it’s people and leadership
Ah… we still need to build the seaport bro… the location is our best asset but it’s not natural resources.
@@ditsygirl5409 all countries have to do something to benefit from natural resources , building is part of benefitting from natural resources
@@jacksonwong90 like that our airport is also a natural resources… we just need to build on our natural land and viola! It becomes world class!
@@jacksonwong90 the worse part is the other countries with resources will never say their seaport is their natural resources, only the ones without natural resources will have seaport forced upon them.
Singapore are not rich only our bosses are rich.. Please stopped humiliate singapore people. Only meddle people are rich. And people are higher standards are above.. Not poor people has to work very late and earn little.
I beileve most ctys r richer than US, their middleclass is gone soon !!! 😮😮😮😮
Singapore is not rich, but merely expensive. You can be an engineer or doctor in Singapore but can only afford to live in a tiny apartment and no hope of getting a car. It's also not fair to compare a city-state to a country as large as a continent.
True
U clearly dont understand this video... singapore is small and limited land.. u expect everyone stay in big houses and 5 cars per household... we are one of the smallest country in the world.. just behind Vantican.. Monacco.. San Marino..
You do know how small Singapore is right ?? Gow the hell is everyone supposed to be living in a big landed property and drive a car... The amount of roads needed will mean we'll have to destroy every parks, gardens snd forest we have
For sure u arent rich cuz ur cells doesn’t give u the edge😉
U are either extremely old or very young. I hv a very average job but I live in a big apartment and drive a car. But ya it’s not fair to compare a tiny city state with no natural resources outdoing large countries, that’s a feat.
Rich country,peole poor?😅
Yes corrupt
capitalism
They maybe rich but they are snobby and look down on other Asians that are not rich!
Yes if you become just as rich, pls come look down on us! I will be honest, even if you’re not rich you will still look down on Singapore and Singaporeans. We can’t please everyone. We can only be ourself.
Apologies if we gave you that impression. Singapore may be rich, but most Singaporeans aren't actually rich (at least in our own country). So I can't think of an instance where a Singaporean would be snobbish in that aspect. Unless you were unfortunate enough to have only met rich snobbish Singaporeans. Would be great if you didn't place all of us under the same category.
We look down other Asians ? Really ? Have you visited Singapore before? Welcome to visit us again , we not look down any other countries… we are just a small little red dot trying to survive as much as we can ….,,
You just have an inferiority complex. go see a shrink
I thought Singapore has many homeless.
U got to get out of yr little village or town and see the world. And read up, get rid of booze
It says about 1,000 homeless in 4 million population in Singapore. What a shame! Singapore can not fix even homeless problem. China has zero.@@deepone5005
Been a Singaporean for 24 years and I've never seen a homeless person in my life lmaoooo
@@elusivespectre6721 you re such a suaku. Ie ignoramus. Go Marine parade and pasir ris park - those tentages belong homeless people. Go nite time to void deck and Mcdonald's, they re all over the island.
See the link. Now, you learned more about Singapore. czcams.com/video/zdNX-PBOzFE/video.html @@elusivespectre6721
Living in pigeon holes, stressful life, small tiny country..
You may leave and go elsewhere the exit door is wide open.
All cities are like that!
@@mosessim446 to de stress n relax go JB cos SG too small no mountains, no pristine river, no cool highlands, no virgin jungles, no nothing just lot of pigeon holes...😃😃🤣
Knnbccb malusian!
You cannot have decent quality of life living in a tiny apartment!
Look at the elderly working as cleaners in Singapore. You think Singapore is rich?
it is rich, maybe its unfair too
Singapore is a good place for money to stay, but not humans. I am a human. K thx bye.
Singapore rich,people(local)aren't.
Which country dont have elderly worker... Look at japan... u been rich country must ban elderly who can work not not allow them to work for the image of the country?
@@Ersanba You are a PAP IB nuts. Helping a tyrant and greedy political party to put elderly people in despair. You are partner of their crime.
This video needs to be balanced with reality.
Singapore is a plutocracy. Suicide rate among the young and elderly has risen over the last decade. Mental institution is crowded . Chinatown is filled with the homeless. There had been excess deaths since the mandatory covid vaccination. Property prices are excessive eg a new 100 sqm 4 room HDB flat costs $750,000. A new 1.5 litre average Japanese car costs $200,000. Universities fees cost between $10,000 and $30,000 pa. Political parties that challenge the ruling party are mocked in Parliament. Many young and talented graduates have emigrated to Australia, US , UK and New Zealand. Staple and basic food prices have skyrocketed over the last 10 years. Essential services like hair salon and telecommunication have increased prices. Car petrol fuel costs had increased by around 100% over the last decade. Gasoline Prices in Singapore averaged 1.66 USD/Liter from 1990 until 2023, reaching an all time high of 2.89 USD/Liter in September of 2023. So if you think it is happy country, think again! Indeed they are happy, woefully happy only fulfilling the Winner's Curse. Think deeper, who are the ones that actually benefits in Singapore?
Misanthropist? Cherophobia?
Lol did u like pull all that info from your rear? None of what you said is true for the majority of the country.
you are right. but in sg, nobardy dare to ciritcize gohmen or say the other true side of sg
Not true. Firstly one has to compare apples to apples. Singapore should be compared to a similar size city because of its size. Being a finance center the GDP is mainly due to other countries' rich people depositing their money there . As such the money actually does not belong to Singaporeans but is accounted as theirs. The gap of rich and poor is very big and getting bigger. 80% of the people live in "heartlands" or HDB flats and eat in foot courts, not the show piece finance centers. As for education it does have a good education but basically it is a "civil servants" production line. A continuation of the British colonial education that produces an educated class to staff various service sectors. So far Singapore universities have not produced any cutting edge in basic sciences or applied technology. It is a well run country but it has its limitations. It is a good place to live but definitely not richer than USA.
Comparing Singapore, a city, to another country is meaningless. You should compare it to another city or metropolitan area which is what Singapore is. When you compare Singapore to SF Bay Area or LA or New York City, Singapore isn't richer.
Singapore GDP is 466B USD, yes, but USA has over 25 TRILLION. The video seemed to suggest Singapore has bigger GDP than USA despite its size, which is bullshit. Singapore has higher PER CAPITA GDP at 82K vs USA at 76K. But remember Singapore is a City State, while the USA has rural, agricultural areas, and cities always have higher income than countryside. Not watching any more further after seeing the crappy, misleading start of the video.
Your observation is spot on.
😢Sadly, this wasn’t good news for common folks…And US top few percents can manipulate it if they wanted ,but they prefer to be world players of late.
ofc its richer, its missing a few ethnic groups
In Singapore its very diversify.
In Malaysia, its only Malay first. Cameron and melacca used to be very nice and diverse but overtaken by mostly malay food and malay owners stalls. Malaysia govt trying to make penang into a majority malay place but failed. Malaysia is not equal and not diverse. Malaysia is sick. People r leaving. 90% of my malaysian friends left malaysia for good.
You clearly have no clue about your neighbour Malaysia.
Is this a propoganda?
Delusional.
American families stay in lush bungalow, each family have 2, 3 cars. Singapore families stay in small flats, only one eighth of families can afford a car, Singapore is richer than America? you must be joking.
Not discrediting anything but the reality is Singapore most important and indispensible natural resource is our strategic location. If we are in the southern hemisphere, even with same people, education and ability, it will not work
Nah.. the most important natural resource is still our people. Why? Cos even if you have gold mine or golden location, without the people, still nothing is going to happen. Malaysia and Indonesia have the golden location too, but what did they do to capitalise on it? 😂
Another few years after Thailand built their land bridge...lot of ships will bypass SG
@@bk1571 that is assuming the land bridge works well and is cheaper and more time saving than passing by Singapore, if not, it’s just another white elephant project.
@@ditsygirl5409 SG is trying very hard to ensure this project doesn't proceed/fail, if not it will be the beginning of end for SG
@@bk1571 haha… SG has always been reinventing themselves. It’s now investing on their fully automated port services. The fully automated port services will see their fees reduced and remain competitive in the market while optimising the time taken to service the ships passing thru. It’s a different ball game once the project is completed. SG has nothing to be afraid of.
Singapore is not rich .Spiritually ,Singapore is priceless rich because Jesus Christ sent a precious son into Singapore. This gifted son is the most powerful holy spirit (The Seventh Son in Heaven).Currently, He is in ny family. Amen ❤
What weed ya smoking that sent into IMH ?
@@deepone5005 U never experience the power of the Lord Jesus Christ. Amen
What’s the son name
Allah is the only True God and Jesus is his Prophet. God cannot be a human being. Think logically. Read the Quran - download "Clear Quran" God's final message to ALL humans.
You must be crazy to say this. Singapore will be a poor nation without the American FDIs. Singapore is thriving due to the American FDIs. If they pull out the FDIs, Singapore economy will be drained.
Secondly, GDP per capita is the biggest flaw in the world of ecomonics because it assumes the corporate income is also the income of the ordinary people on the road, which means Singapore airlines revenue is apportioned to all the Singaporeans whereas in actual case they do not even get a penny from that.
GDP per capita also does not look at the real profitability of the corporates, it just aggregates all the revenue of the corporate which is another crazy math.
Lastly, thousands of Singaporeans are queing to migrate into the US every year and if they are indeed rich, they should stay back home.
Singapore is a good place for money to stay, but not humans. I am a human. K thx bye.
It is just you that cannot afford to stay. Nearly 6 million people stay in Singapore.
Malaysians like to give negative comments here. They are just so jealous of SG success n richer than them. Work harder Malaysians, don’t just envy others.
@@amyg1073It has nothing to do with money alone it is livability. I have multi million wealth, why stay in an island where you dont get value in anything? Thats my point. Local singaporeans themselves are complaining as it is small, expensive and boring, you should wake up kid. Live in the real world ok?
@amyg1073 It has nothing to do with money alone it is livability. I have multi million wealth, why stay in an island where you dont get value in anything? Thats my point. Local singaporeans themselves are complaining as it is small, expensive and boring, you should wake up kid. Live in the real world ok?
It’s such a tiny place. Boring to live.😂😂