Documentary, Like, Singapore — July 17, 2013 at 6:58 pm

The World’s Richest City

by

Al-Jazeera has produced a commendable documentary that looks at how Singapore is coping with the influx of the rich and its economic policies:

Singapore is a playground for the mega rich; the place to park their wealth. As people get more affluent, they want to look at more luxury items, better homes, better cars, and better yachts. Billionaires, tycoons and big foreign firms are drawn there by the low taxes, stable government and protected banking lords that keep their accounts secret. Singapore will be the location where people custody their assets. But with the rising costs of living, many Singaporeans are struggling.

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