Government spending (as a share of the economy) in Singapore is around 15 per cent compared to more than 40 per cent in Canada.
Meritocracy, Personal Responsibility, and Encouraging Investment: Lessons from Singapore’s Economic Growth Miracle
Since 2015 Canada has posted some of the weakest economic growth numbers in half a century.
Over the last decade, growth in per-person GDP is at its lowest level since the 1930s.
Canada’s average income per person is now lower than income levels in 41 U.S. states.
While the population and federal spending have both risen significantly, growth in real incomes and living standards has stalled.
Redistribution is not an effective way to help low-income people.
While ChatGPT and Google can help us gather information, neither should be accepted uncritically and without review.