Friday, October 17, 2008

Monetary Value of Services

Singapore's Government use money to value their services. They try to make sure that most services would pay for itself. There should be as little subsidy as possible. Welfare is a bad word. But there are many things that the Government get free. Air is free. (Environment maintenance is not.) Love and loyalty are not quantifiable. All these are distortions when we use money to value services.

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