I will like to suggest that our government should lead by
example during this downturn.
As i been continue reading and watching news that they keep on
telling us that our econmy is getting worse this year.
If they can just shown the rich that they can reduce and having
a paycut to help the rest to go through this tough times. Although,
having paycut in government did not able to help too much for the
whole economy, but it can shown to those CEO or higher management
instead of job retrenchment, they can save some jobs for those who
just want a jobs for living.
During last downturn, our government hope that all of us to
support the rich or the big bosses by having CPF cut, and think
that if the rich getting richer, they will make the economy moved
as they will spend more money. But this idea does not seem like it
works, as all rich are not stupid, instead of spending, they keep
most money for the bad times. Moreover, the money did not ready
flow back to the poor or middle class.
they did have pay cut. Pay attention.
Instead of firing all the employee, the rich fired some of them.
Again, pay attention.