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.
