low, low taxes. still progressive though (though we can change it to a flat tax.) 15% being the top bracket. 6% being the lowest (and there are exemptions too, so the effective tax is lower.)
co-payment for healthcare (it's a fairly complex system but hardly budget busting like medicare etc.)
Healthcare in Singapore - Wikipedia, the free encyclopedia has rough descriptions of it but the facts speak pretty loudly only 3% of gdp goes to healthcare.
very open economy (no.1 in world economic freedom ranking) immigration is controlled but effectively anyone who can get a job is granted permanent residency. no minimum wage keeps costs down in various industries, costs of living are pretty low as a result.
singapore has very good public education (TIMSS rankings put them right at the top every year)
most importantly, NO MIDDLE CLASS WELFARE. like seriously, not a cent.
now if only they would legalise drugs, (they currently hang you.. immediately.. even if you're only carrying enough to get high once. hence the low prison population lol)
Not bad, not bad at all, but I don't think it will all be quite that simple. You see a number of observations I had when I went singapore got me thinking.
There are far less obese and overweight people in the country (in fact I didn't anyone except for a couple australian tourists who could classify as obese). Its hot all year around as they are on the equator o you really cant afford to be fat, you will fry.
Smoking in singapore is restricted. Taxis, hotels, bars, bustops are all places where you are not allowed to smoke and smoking in public areas where it is reasonably crowded is frowned upon. Not to mention strict fines and community service is enforced upon those who choose to throw the ciggarrette on the floor or for any other act of littering. So its not really suprising that smoking is not too popular in singapore.
Alcohol in singapore is taxed heavily and is very expensive, so I don't think many people there drink. It is mainly just tourists visiting cocktail bars.
Also the average temperature is almost always in the high 20's all year round so you are really not going to catch a cold.
The only real problem would be tropical disease but the place is kept so clean and tidy, so risk is minimised significantly.
Also unlike australia providing medical care to really small rural populations is not an issue because the population of singapore is concentrated.
So all in all at least half of the reasons one might visit a doctor here are not really an issue in singapore. Hence health spending will be really low as there is not really much to spend on. I'm not saying its a bad system I think it is a good sysstem but implementing it in Australia in such a way that would be cost effective and beneficial may prove difficult.
I also think part of the problem is australian society, in singapore attitudes toward education, health savings, public transport and everything else in between seem to be far more responsible. People are generally more concerned about thier own future whereas many australian tend to live "in the moment".
Again they have good systems but implementing them in australia will not be so clear cut, I think we first have to take care of some issues with society as well as realising the extent of our problems and then implement a system which can bear our load.
Still the singapore system is what we should ideally (yet cautiously) be working toward.