I'd say the US has more problems than Singapore... And on the topic of taxes, the tax rate in Singapore is actually much lower than in the US (based on CA; middle class).
why BMWs are on average 4 times more expensive in Singapour than US? Low taxes at work? Need to use public transportation because cars ownership is taxed to hell and back? How came person using bus and not owning a car is considered to have better standard of living?