Wednesday, February 25, 2009

S'pore vs Australia wealth comparison

I'm bloody exhausted.  I don't know what's happened but ever since coming back from Singapore I've been extremely tired, I can't even run for 10 minutes without feeling like someone's dropped a ton of bricks on me.

Today I received a monthly sales report from a reseller of mine.  In the sales report it says this.

PS. We are happy to announce our new Partner Discount program! 
We now offer all our partners 15% discount on most of our products.
Alternatively we are happy to accept barter deals
Contact xxxx for more information.

Barter deals for software.  Wow it has really come to bartering, people aren't willing to fork out cash so we've come to bartering.  I wonder what it's going to be like when the USD becomes worthless.  It's a sign of things to come.  For them to mention bartering, it must really be serious.

So right now I'm more interested in economics than anything else.  Oil is trading in a range, which is exactly what Lindsey williams has said.  I don't know if what he says will happen will happen, but right now it's happening exactly like the way it is.  This is going to be a very interesting year.

Singapore vs Australia, in terms of wealth

I have a gripe with Australia.  I don't know how the heck a country this developed ranks 178 out of 181 countries in terms of current account balance, which isn't even positive.  Okay so the Australian dollar is falling like a rock at the moment.  The government's increasing the cost of public transport.  There's high taxes in Australia.  You'd think with high taxes, the country would be richer.  Nope.  Singapore... low income taxes, no taxes on capital gains.   The Singapore dollar is stable.  The population's less than 20% of what Australia is. Yet the country is one of the richest in the world with a huge soverign wealth fund and ranked 10th out of 181 countries in terms of the current account balance.  People in Singapore complain about the government all the time but the thing is they are doing a really good job of managing the country's economy.  If you ask me, if Australia didn't have all the natural resources that other countries require, it wouldn't even be a developed country.  I like Australia but I'm wondering WTF is the government doing to improve the country's situation.  Things like tax returns were unheard of till I came to Australia.  One of the things I notice here is that to me it seems that many of the young adults seriously do not give much thought about saving or thinking of the future, no plans, nothing.  Compare this to many people in Singapore, who actually plan, the ones my age anyway.  Well, other than someone I know, everyone else does.  It's just so different.