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LoginPM Lee: "If we don't save, growth stops we be in trouble"
17 posts
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This has been the PAP governing philosophy for the past 40 plus years - come up with some fear-driven conceptual assumption that welfare will kill us, no free lunch to allow government to keep taxing and over-charging and under-providing services in order to save or hoard monies to be thrown away on Shin Corp or UBS and then give some excuses.
This kind of governing system is the most dangerous not taxing less and allowing private sector to grow which is the surer way to create jobs and vibrancy and competitiveness.
MM Lee has been talking like this to give him all the power because people cannot see through this kind of fallacies in his assumption to tax more and spend less all the time to hoard monies.
How is the private sector economy going to grow and stay competitive if by this kind of assumption many businesses can no longer grow and have to close down. Does he really understand economy with this kind of fallacy or assumption that saving or hoarding monies into government surpluses means more investments or more jobs?
What he forgets or fails to prove is that precisely because of this kind of narrow-minded assumption people and businesses are being over-taxed with profiteering schemes of all kinds by all government departments and GLCs resulting in rising business costs and our economy today has largely lost its economic competitiveness to compete with the outside world.
The earlier the government changes its policy of double charging on lands and infrastructure as HDB/SLA are doing the earlier will the people and private sector become competitive once again and we will create more jobs lost previously due to such wrong assumption in running of a country being adopted by his father for years without check and balance.
If we want to compete with the like of Korea or HK we will have to lower government over-taxing and cost-recovering charging so that monies will go back to the private sector with more opportunities to make monies for all and more motivation of all citizens to work for the good of all.
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And in the same breath, the PM also said that he is scared when he hears talks of the government giving out hongbaos. Funny, when they decided to give themselves such a ridiculously exorbitant pay increase, they were not scared! We have to save, we have to make sacrifices, we have to accept that we are now second class citizens as the government favours foreigners over citizens.
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Originally posted by adetet:
And in the same breath, the PM also said that he is scared when he hears talks of the government giving out hongbaos. Funny, when they decided to give themselves such a ridiculously exorbitant pay increase, they were not scared! We have to save, we have to make sacrifices, we have to accept that we are now second class citizens as the government favours foreigners over citizens.
Hanor.
The moment the economy turns better, they reward themselves with huge salary increases for themselves.
But sharing the fruits of the success by giving Singaporeans a few hundred dollars each, they start complaining saying that Singaporeans expect too much. And by the way, they were the ones who started this giving of money or restructuring shares or what nots to Singaporeans.
Haiz.
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we should have a balance force and say in the policies making. it is not good for one-sided policy whereas there is always bias in the decision. the people will suffer in the end due to all the one sided policies. henceforth, the recent Malaysia election has caught the main policies holder off guard to the long and steamed up feeling from the common people.
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Originally posted by charlize:
Hanor.
The moment the economy turns better, they reward themselves with huge salary increases for themselves.
But sharing the fruits of the success by giving Singaporeans a few hundred dollars each, they start complaining saying that Singaporeans expect too much. And by the way, they were the ones who started this giving of money or restructuring shares or what nots to Singaporeans.
Haiz.
I summarize to one word for you, it's called Hypocrites.
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