To be a simple peron: Once in debt always in dept
I remembered, during my primary school time. My teacher taught me the life cycle of a hen. Hen lays eggs. Chick hops out from the egg. Chick grows up to be a hen and the cycle goes on. During secondary school, my teacher taught me how acid rain comes about. Well, well again another cycle. All these knowledge are easy to remember and absorbed.
Don’t know from when then I realize that there is another cycle which is difficult to learn, the sophisticated human life cycle.
Once I told my parent, at that very moment a new life reached earth, as a baby (human), that baby begins to accrued money and 2 years of national service (applicable to guys). Expenses incurred from pamper, food, education and so on till, when he/she turned 21 where this young adult would finally goes out to work.
Earning future massive expenses should start years a head else not even try asking when it is ideal to start a family. Few years of hard work, naively believing that its time to move on to the next stage, he/she creates a family. Hasty begin to look for a roof over the head and discovered that a house would cost millions of bombs. Without alternative solutions, borrow money from bank. Thanks god, debt “visits” you again. Own a car? Hmm… think about it. Don’t mess with Car, sure burn your wallet or purse when the engine goes life!!!
Children, yes a family is incomplete without the noise of the children. In Singapore to have children are expensive. How to have children when I am already in debt man, a legalize man in debt? To have children means: He/she owes his/her children a living till attaining a reasonable age. Wow another debt generator!!! Stop at one?
At around this time, his/her parent gets old and became dependent. This time round the children had to “pay back the money” by taking care of my parents. Of course, as children of somebody should do that without being told.
Every day, everybody have to pay tax. Previously annual taxing no longer “helps” the poor to escape tax. What you eat, sleep, drink, shit, smell, sit, have to pay tax. Before sun rises from the east, you already feel the ghost of the tax man, hunt you to pay tax.
Overall, what can I say about a simple Singaporean? In the interesting debtor list, records, the bank, the government, parents, children.
Don’t deviate to much, ha-ha, my children one day will be in my position, thinking: man! This old man is a liability to me!!! House loan, car loan, children will begin to hunt them. Ha! The cycle continues.
So is Singapore 10X EXPENSIVE to live in? Think about it.
-Ting Siong