{"id":9574,"date":"2022-06-22T07:21:05","date_gmt":"2022-06-22T07:21:05","guid":{"rendered":"https:\/\/www.visakanv.com\/sg\/?p=9574"},"modified":"2022-10-08T13:23:11","modified_gmt":"2022-10-08T13:23:11","slug":"eip","status":"publish","type":"post","link":"https:\/\/www.visakanv.com\/sg\/eip\/","title":{"rendered":"What is the financial impact of the EIP on minorities?"},"content":{"rendered":"\n<p><em>This post is a work in progress. I&#8217;m still figuring out what I know and what I think about this.<\/em> <\/p>\n\n\n\n<p>The Ethnic Integration Policy was introduced in 1989.<\/p>\n\n\n\n<p>I think it&#8217;s a good policy in concept.<\/p>\n\n\n\n<p>In practice, however, it means that minorities are subjected to smaller housing markets. There are fewer buyers and sellers in the minority housing market.<\/p>\n\n\n\n<p>As a nation, Singapore understands the economic power that comes from having access to larger markets. The more people you can sell to and buy from, the better the outcomes. That&#8217;s why we sign so many Free Trade Agreements.<\/p>\n\n\n\n<p>This principle applies at all scales. Suppose you wanted to buy or sell products on Carousell. It&#8217;s preferable to be able to sell to anybody in Singapore, than if you could only sell to people who live in Tampines. <\/p>\n\n\n\n<p>Currently, the EIP places the burden of racial harmony \u2013 which is a good thing \u2013 on minorities, by subjecting them to smaller housing markets. This has a financial consequence. This cost can and should be calculated. <\/p>\n\n\n\n<p>Minorities should be compensated for the financial sacrifice they are being asked to make for racial harmony in Singapore. <\/p>\n\n\n\n<p>And, if not, at the very least, Singaporeans should know how much the EIP is costing minorities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This post is a work in progress. I&#8217;m still figuring out what I know and what I think about this. The Ethnic Integration Policy was introduced in 1989. I think it&#8217;s a good policy in concept. In practice, however, it means that minorities are subjected to smaller housing markets. There are fewer buyers and sellers [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[145],"tags":[173,143],"class_list":["post-9574","post","type-post","status-publish","format-standard","hentry","category-government","tag-housing","tag-race"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/s6cErj-eip","_links":{"self":[{"href":"https:\/\/www.visakanv.com\/sg\/wp-json\/wp\/v2\/posts\/9574","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.visakanv.com\/sg\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.visakanv.com\/sg\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.visakanv.com\/sg\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.visakanv.com\/sg\/wp-json\/wp\/v2\/comments?post=9574"}],"version-history":[{"count":4,"href":"https:\/\/www.visakanv.com\/sg\/wp-json\/wp\/v2\/posts\/9574\/revisions"}],"predecessor-version":[{"id":9578,"href":"https:\/\/www.visakanv.com\/sg\/wp-json\/wp\/v2\/posts\/9574\/revisions\/9578"}],"wp:attachment":[{"href":"https:\/\/www.visakanv.com\/sg\/wp-json\/wp\/v2\/media?parent=9574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.visakanv.com\/sg\/wp-json\/wp\/v2\/categories?post=9574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.visakanv.com\/sg\/wp-json\/wp\/v2\/tags?post=9574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}