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Singapore an example for Canada on supporting middle class

Paul Martin / October 17, 2017

There is probably no more powerful individual in political circles than a majority prime minister in the parliamentary system. And that is even more pronounced when the Senate is appointed.

In global circles, one-time Singapore strongman Lee Kwan Yew was considered the closest thing the world had to a benevolent dictator. He too was omnipotent, controlling his country’s parliamentary government but he came at things in a slightly different way than Canada’s national leader.

He too was concerned about the middle class but he did it by giving them certain things, not taking away things like employee discounts or income splitting.

SingaporeFor example, Lee believed every Singaporean should own a home. Real estate, he figured, was the most important family asset so he created a plan to achieve that goal – where every resident would own a home within two decades of starting to earn a pay check.

In the process, he created one of the wealthiest nations on earth, an Asia Tiger, with little crime and global expertise in trade and finance — by giving not taking away.

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Filed Under: Canada, corporate tax, Federal government, middle class, prime minister, Singapore

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