Wednesday 12 October 2022

A WP Government will remove the second key to raid reserves to fund their populist policies



If Singaporeans buy into the proposal that we can sell land for money to spend on daily needs, then we are not only stupid, we are the laughing stock of the world.


Singapore is so small, we don't even have enough land for all our needs. We have to reclaim land.

Saudi Arabia not only has oil. Saudi Arabia also has land (2.15 million sq km).

Singapore is just 716 sq km of which 141 sq km is reclaimed land.

For all its vast resources, Saudi Arabia has had to raise value-added tax from 5% to 15% in less than 2 years! 10 percentage points in less than 2 years.

The last time Singapore raised the GST rate was in 2007.

15 years later, Singapore wants to raise GST by 2 percentage points.

The proposal by WP to sell land for money to spend on daily needs is a desperate populist measure.

WP's proposals: sell land for money, borrow for money, no need for you to pay more taxes. Free education, free transport, ...

What is stopping WP from going all the way of populism to promise you free things is the second key to the reserves, the blocking power of the President.

A WP-led government will remove the blocking power of the President.

Yes, they will.

Pritam said in Parliament that the President must be restored to its ceremonial role with no blocking power so that there will be no confrontation with a newly-elected (WP) Government. 

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