Budget goodies: Jam tomorrow?

In Economy on 01/02/2011 at 8:36 am

We’ve been told that there will be budget goodies (there’s an election a’coming) and that this budget will be for long term gd of S’pore.

As a massive income tax rebate or a GST rate cut will not be gd because we have an overheated economy (look at inflation and property prices), the likely solution will be a repeat of 2001. All Tharman has to do is to cut and paste his predecessor’s package of goodies. The finance minister then is now our PM.

In 2001, we got transfers to our CPF accounts of S$2bn. And the government “gave” us “New S’pore Shares” worth S$2.7bn.  With the latter, people who needed cash could cash out immediately, while those who were prudent could enjoy dividends tied to GDP growth.

There will be the usual rebates but the above will be flagship programmes. Let’s see how generous the govmin is to us with our own money. The minimum sum that is acceptable is S$4.8bn. Explanation

The PAP like the White Queen never believes in giving any gd stuff today, always tomorrow. In “Through the Looking Glass and What Alice Found There”, the White Queen offers Alice “jam every other day” as an inducement to work for her:

“I’m sure I’ll take you with pleasure!” the Queen said. “Two pence a week, and jam every other day.”

Alice couldn’t help laughing, as she said, “I don’t want you to hire ME – and I don’t care for jam.”

“It’s very good jam,” said the Queen.

“Well, I don’t want any TO-DAY, at any rate.”

“You couldn’t have it if you DID want it,” the Queen said. “The rule is, jam to-morrow and jam yesterday – but never jam to-day.”

“It MUST come sometimes to “jam to-day,”” Alice objected.

“No, it can’t,” said the Queen. “It’s jam every OTHER day: to-day isn’t any OTHER day, you know.”

“I don’t understand you,” said Alice. “It’s dreadfully confusing!”

No, Alice, this sounds like PAP logic.

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