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My views on Singapore’s low birth rate

In my previous post, “Sentiments of a Singaporean”, one of my readers pointed out whether it is fair to burden taxpayers who are single and do not have children with heavy costs of baby bonuses. Actually before he responded, I already knew where he is coming from. It is human nature to feel sour grape seeing others who have babies receiving monies from the government while you are ineligible . Deep in my heart, I believe this is one reason why policy-makers are so reluctant to give more monies to citizen who are willing to give birth. This is because most of the policy-makers could be either past the child-bearing age or are single and missed the boat to get married. Henceforth, it is perfectly natural that they might feel jealous having to give monies to citizen who are entitled to it. After all, they themselves don’t benefit from it, while should they support such proposal?

However, if we are able to cast aside our narrow-mindedness and place national interest before us, I feel that spending the extra $4-5billions dollars is totally justifiable. At least from the perspective of a Singaporean. After all, if we don’t implement any drastic measures to increase birth rate soon, we are going to end up paying even much more 10 – 15 years down the road. For sure, at the present birth rate, we are going to import more foreigners to support our economy. What will happen then? More competition for jobs, schools, scholarships and health-care facilities for Singaporeans who are currently “baby-boomers”, “Gen-X” and “Gen-Y”. In the long run, Singaporeans will end up paying even more, in terms of opportunity costs.

Magically yours

SG Wealth Builder

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Updated: December 27, 2014 — 4:26 pm

2 Comments

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  1. Perhaps it’s sour grapes for those who regard foreigners as job stealers too because their jobs are particularly threatened by such outsiders.

    I came from a point of view of equality and fairness. So was it was you who responded to my query? I’m quite confused with all the nicknames. Personally I think the problem about birth rate is multifold. I don’t even think it has much to do with money. What’s the 10k going to do much in the long years to take care of children? I think it has got to do with stress and that comes from many places.

    I didn’t know that giving my point of view that is different from yours would result in another new post just to address this. Seems like my opposing views isn’t welcomed. If that’s the case, I would leave you to bath in the comments that is more in line with your opinions then.

    Have a good weekend ahead.

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