Posted on 25 March 2013- NewNation
Banking analysts urge government to remove citizens from the
island
Singapore’s citizens are the biggest threat to national growth,
said analysts at Goldman Sachs at an annual wealth conference
yesterday, held in Marina Bay Sands.
Speaking at a panel discussion about emerging markets in Asia,
the analysts agreed that the increasingly vocal citizenry in the
once-orderly island has disrupted economic growth for 2013 and will
continue to be a drag on the economy for years to come.
“Let’s be honest here. Does Singapore need Singaporeans? No. The
children are taken care off by foreign domestic helpers, the
hawkers are Malaysian, the buildings are constructed by
Bangladeshis. All Singaporeans are good for are populating the
army, which has never gone to war!” said emerging markets
specialist, Thomas Money.
Money pointed out that Singapore’s only comparative advantages
against its competitors were location, and immigrants. He proposed
slowly phasing out Singaporeans so they would be unable to
interfere with pro-growth government policies.
“I love the country, but I really can’t stand the people and
their disgraceful sense of entitlement. The weather’s great, the
gastronomy scene is livening up in Marina Bay Sands, and the women
are gorgeous. But the xenophobia on the island is extremely
troubling. Without foreigners like myself who bring in capital
without paying taxes, Singapore would not be where it is today. And
no Singaporean ever thanks us for gracing their backwater island
with our presence and cash.”
“If things don’t improve, I might just pack up and leave.”
Other analysts on the panel also noted that as Singapore grew at
an astronomical pace under a soft-authoritarian regime, the only
way to preserve the country’s economy, is to regress
democratically.
“I’m quite ashamed of Singaporeans too,” said commodities
specialist Chao Hee Lang who is a local and a weekend volunteer at
a migrant workers NGO. “All this xenophobia and hatred… No wonder
Lee Kuan Yew once said that only educated people should be able to
vote. People like myself, who can see that freedom is not always a
good thing.”
“God bless the foreign workers. Without them working at
ridiculously low wages, we would never get anything done. And yet,
no one is grateful to them for doing us a favour!”
The panel discussion was chaired by Acting Ministry for Economic
Affairs, Mr Jin Jue Lui who reassured the audience that the
government was already working on a plan to reduce the proportion
of native citizens in the population to about 50% by 2030.
