Youtube, 2 May 2013
Singapore's lower-class citizens are losing out to foreign workers as the affluent move in.
Many wealthy individuals come to invest in property and park their assets, attracted by Singapore's low taxation rate of 20 percent.
The influx of money is making Singapore one of the richest cities in the world. But the low tax rate also means no social security net, given the plummeting wages among the poor as foreigners take up blue-collar jobs.
Link
