In strong and vibrant democracies, a generous social-welfare
state is the road to fairness, economic equality and
international competitiveness.
Study the Scandinavian model. That's better than the US welfare
policy, according to one article.
"The results for the households at the bottom of the income
distribution are astoundingly good, especially in contrast to the
mean-spirited neglect that now passes for American social policy.
The U.S. spends less than almost all rich countries on social
services for the poor and disabled, and it gets what it pays for:
the highest poverty rate among the rich countries and an exploding
prison population. Actually, by shunning public spending on health,
the U.S. gets much less than it pays for, because its dependence on
private health care has led to a ramshackle system that yields
mediocre results at very high costs."
After direct and indirect taxation of Singapore's citizens for
so many years, there's more than enough money to give the
Scandinavian model a try.
However, the PAP must not be given the power to hold and decide
how to spend or invest the country's reserves and the citizens's
retirement funds. It might bankrupt the country.
They rather purchase bad overseas investments instead of investing
in Singapore.
