Oct 23, 2012

Will Lee Kuan Yew save Singaporeans?

Lee Kuan Yew complains about the low fertility rate:

"If we go on like that, this place will fold up, because there'll be no original citizens left to form the majority, and we cannot have new citizens, new PRs to settle our social ethos, our social spirit, our social norms. So my message is a simple one. The answer is very difficult but the problems, if we don't find the answers, are enormous."

This is one BIG reason. Money.

Compare fertility rate and basic income (child bonus/benefit/allowance) for children between Canada and Singapore.

Basic Income for each kid: C$80,000. Yes, believe your eyes, eighty thousand Canada dollars.
Children born per woman: 1.59 (CIA estimates for 2012)

Basic Income for each kid: S$4,000.
Children born per woman:: 0.78 (CIA estimates for 2012)

Singapore is a resource rich country, but Singaporean kids are not getting much cash from their country.

The solution is very clear, but the government is unwilling to part with the money that rightfully belongs to every citizen. If Singaporean babies get their rightful citizen-ownership income of $9,000 annually, there will be a super baby boom in Singapore.

The options are clear:
(A) Keep growing the reserve and let original Singaporeans disappear from this land called Singapore.
(B) Keep the reserve principal amount, distribute the investment returns and really grow the original Singaporeans.

With Lee Kuan Yew's huge political stature, only he can implement a citizen-ownership democracy to increase fertility rate and save Singaporeans. In this urgent and dire time, when original Singaporeans are fast disappearing, only Lee Kuan Yew can save Singaporeans.

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