I don't know if this is bullish or not?

As long as having a kid involve serious financial restraints birthrates won't recover. Not debating if it's a good or bad thing, it's pretty clear that people are not as willing to have kids if it involves a financial sacrifice.

This is worldwide, not at all a Singaporean thing

Either government shoulder most of the cost of having a kid or they won't have more

Imagine if you can have business flights, 5 stars hotel, Michelin restaurants with 1 kid or you have to stay in economy, 4 stars hotel and much less restaurant and less living space for an extra kid

For an increasing number people today the choice is moving to #1

And it stays true at all income ladders except the highest ones
If you're lower income, are you willing to have a second kid if it means they're cramped in the same room and you have to watch your monthly expense?

I think the pendulum has swang way too far into it being increasingly hard to have kids, governments are starting to react but we're very far from the level of efforts needed

It will takes dozens of years for people to understand the scale of the issue and take the necessary steps (more support and more taxes)

All those studies showing financial incentives don't work are pathetic.
Am I going to go for a kid because I get a free stroller and 10 free GP visit?

Probably the same people advocating for degrowth to fight climate change

I really hope this new SG initiative work a little because otherwise people will criticize financial incentives even more when the clear problem is that the adequate threshold has not been reached

Give 500k per child tmr and within 2y your TFR is way above 2.1

A Singaporean citizen is worth 1m$ today in terms of lifelong taxes (pension excluded completely)

This doesn't count all the value of the work produced by said citizen over his lifetime which also benefit the country

And it's in the case of Singapore being a very low tax country

People will eventually come to this view

Before you got maybe 200k of taxes per citizen and it cost you roughly zero

Now you have to pay 500k to get 1m

(Good opportunity to get into NQ imo on this retarded sell off)