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24 sats \ 3 replies \ @south_korea_ln 7 Mar \ on: Learning journey to Government of Singapore Investment Corporation (GIC) econ
What's the level of trust people have in their government in Singapore? It's refreshing to read your takes on a system that seems to be mostly functioning and at the service of the citizens. Are you representative of your fellow countrymen in that respect?
I would say that we mostly trust our government to get things done, even though the rising sentiment is that the ruling party has lost touch with the voices on the ground. I guess our increasing disillusionment reflects our high expectations and faith that our government can resolve challenges more equitably - if it wants to.
I think this is best illustrated in our Central Provident Fund (CPF), a nationwide retirement annuity fund. People actively top up their accounts to benefit from tax subsidies - but we don’t include our CPF amounts as part of our net worth (maybe for fear that something wrong will happen to the ruling party or the system)
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You may want to read the GIC reports to have a general sense of how it is doing. A friend sent me the link just now: https://report.gic.com.sg/investment-report.html
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Beating inflation, that's already good...
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