TO SUM UP THE SINGAPORE SYSTEM:
The philosophy of Singapore is as follows:
* Each generation should pay its own way. One generation should not bankrupt future generations by selfishly living beyond its means.
* Each family should pay its own way.
* Each individual should pay his own way.
* Only after passing through these three filters should anyone turn to the government for help.
The government gives people the tools to do that. It makes self-reliance a lot easier when you’re not left on your own to figure it out.
That’s why Singapore is enviable. People are not dependent on the state for everything and they have a good quality of life.
And no debt. Lee Kwan Yew was an impressive leader.
BTTT for the welfare state