Thursday, June 02, 2005

Financial Jokes

Why is it socially acceptable for a life-size image of a woman in underwear to be plastered repeatedly on the exterior of every carriage of an MRT train, while it is unacceptable for me to walk the streets in my underwear? There is that moving human statue along Orchard Road who is only in underwear, but he wears a full-body coat of gold paint.

There's a funny article on the front page of the Straits Times today, about how civil servants are getting $200 and a 0.4 month mid-year bonus. This $200 is supposed to narrow the income gap between high-income and lower-income servants. Do you not see that "In percentage terms, it amounts to a larger payout for [low-income employees] than employees who earn twice of three times more"?

So you give the exact same amount ($200) but it would benefit the lower-income more because it's a higher percentage of their salary? I don't suppose I'm getting that bonus. The bottom 20% of salary earners earn less than about $1000, which is more than twice what I'm earning. Anyway, $200 goes really fast. Handphone bills, internet connection bills, water and electricity bills...

Tonight's dinner costs $100. The GST on that would buy a decent dinner. As Molly has observed, the income gap would be considered as staying the same if percentage-wise the top earners' salary and the bottom earners' salary changed by the same amount. Say I earn $x, and you earn $5x. Our salaries both double in 5 years', so I earn $2x and you earn $10x. Salary gap has not widened.

Here is a photo of myself from yesterday, and a photo of Eugene, looking desolate and despondent.

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