Far from sharing prosperity

THE Shared Prosperity Vision (SPV) is built on the key assumption that contracts, approved permits (AP) and business licences given to top businessmen and corporate figures, who are economically categorised as the top 20% (T20) in the population hierarchy, would trickle down to the middle and lower income groups (M40 and the B40).

The vision further assumes that these businessmen and corporate players would behave in accordance with the government’s agenda, which is to hire or sub-contract part of the work processes, and the payments too, to these two lower income groups through sub-consulting and sub-contracting, appointing them to be suppliers of materials and undertaking subsidiary works.