Singapore Income

Yo Mat Riders,

Mat heard that the average household income in Singapore go up by 6.2% man. So happy or not?!?! What?!! Still not happy ah...why man? Ok, relac, wat tokking you when you say household income? So Mat research.

Now got 3 type of income: Nominal, Real and Household lah. Let's take Ah Seng here. Ah Seng in 2005 sell 1,000 pirated vcd and earn $10,000 for 1 month. Each vcd only $1 to make ah. So, now he earn $9,000. That is his Nominal income ah.

But then right, he every month kena catch by Mata. The fine is lets say $5,000. So now he only get $4,000. So that is his Real income. So $4,000 cannot buy BMW, must settle for Honda Civic.

But now right in 2006, the price of pirated vcd right he raise by $2, so now $12. So he sell 1,000, he earn $12,000 1 month. Wah, his nominal income go up man. But wait, still cannot afford BMW because right, the fine also go up. Jialat, go up even more, by $3,000. So now, $12,000 - $1,000 (cost of vcd) - $8,000 (fine), he only earn $3,000. So his Real income down by $1,000. Pity Ah Seng man.

So now, the GST go up, Honda Civic also hard to buy man, can buy only Proton Saga, 2nd hand. So now right, he also get his children in primary school to sell to their friend lah. Then now, the household income will go up.

The only income make money now right is NTUC income man.

YESSAH
Mat Love