DuhEconomics: Some PROGRESS at last

'I have therefore decided to make a distribution this year to share part of our surplus with Singaporeans. I will call this surplus sharing initiative the Progress Package (Providing Opportunities through Growth, Remaking Singapore for Success). This is a package for everyone, but it aims to achieve specific social objectives'

- Prime Minister Lee Hsien Loong, Budget Statement 2006

Went to withdraw some of that package yest becos i think officially, we're not supposed to have it until 1st May 06, although the money had mysteriously appeared in my acct aft Nomination Day... Well, obviously i'm quite happy with it, mainly becos i've always been a strong advocate of the joys of sharing and also becos i strongly believe in the need to Provide Opportunities to sgreans through Growth so as to Remake Singapore for Success...

But i hear you asking, how will giving everyone a small sum of money help to achieve such a grand and noble goal? Dunch worry ah, DuhEconomist.com will use the highly illuminating power of duheconomics to clear away your blurness and confusion...

Firstly, we shall examine the Direct Channel, where by putting more cash into your hands, the govt increases ur chances of progress and success, also know as the 'Govt Bharng Chance For You' or GBC4Y channel. The way this works is quite obvious and easily seen... By giving sgreans more money, they will be able to buy more Toto or 4D, which increases their chances of success... Of cos 'buying Toto or 4D' can be substituted with any other money-making venture, such as opening 泡泡茶 shops or female accessories stalls... According to inaccurate and groundless research done by DuhEconomist.com, this may account for as much as 0.00000000001% of possible growth effects.

This means that it is the second channel that is more impt. This Indirect Channel, where by giving you money, you help give opportunities to other pple and so other pple also give you opportunities, hence also known as the 'I Bharng Chance You, You Barng Chance Me' Channel, or IBCYYBCM Channel. When you get the additional money in your acct, chances are that you will splurge it on some new clothes, branded handbag or lavish meals (eg. order nasi lemak with extra chicken wing)... When you do so, the shops and stalls which sold you the item rakes in more revenue and now has a higher chance of prospering, which will in turn help you prosper... Let's look at this using a case study...

For example, let's say that amongst all the Katong Laksa stalls, only 3 are having good business becos the rest dont really use good ingredients becos they cant afford it (becos of the bad business)... But becos govt give everyone money, more pple can afford laksa now... So many of them go to those 3 Katong Laksa stalls but alamak! The business is so good and have to wait very long... As a result, some of them will say "Aiyah, we go eat somewear else lar"... They then go to the lousier Katong Laksa stalls becos they desperate... Those stalls, getting all these additional business will think "Wah! maybe i should get fresher xi-harm tomorrow", which is what economists call capital investment, and then the next day, pple who just withdraw their Progress Package becos yest the ATM ran out of money and go to these lousier stalls becos of the same reasons will eat the laksa and find that "Eh, buay-pai leh"...

Eventually, the business at these stalls will pick up and instead of closing down, will start to prosper.. This means better business for the xi-harm supplier, the taupok seller and the mee-pok man (haha.. i couldn't resist that)... Assuming that these pple purchase and consume large amounts of 泡泡茶, pharmaceuticals, electronic microchips, handphone talktime, high-tech custom-designed software and kopitiam food, eventually the whole SG will prosper and as a whole SG will grow and PROGRESS! Hallelujah!

DuhEconomist of DuhEconomist.com deeply regrets and apologizes for having to spend most of this money in UK, where there is a distinct shortage of sgrean xi-harm sellers whom he can help co-prosper.

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