In PAP is like one armed swordsman,I said I’d talk more about the election goodies.
“Ownself fund ownself”
We know the PAP has been doling out the goodies. But remember it’s all from yr own money.
In 2018, I wrote
[O]ver the last 10 years, Singapore’s net investment returns (NIR) contribution (NIRC) to the Budget has more than doubled from S$7 billion in FY2009 to an estimated S$15.9 billion in FY2018.
…
Waz this NIRC and NIR BS?
NIRC consists of 50 per cent of the Net Investment Returns (NIR) on the net assets invested by GIC, the Monetary Authority of Singapore and Temasek Holdings and 50 per cent of the Net Investment Income (NII) derived from past reserves from the remaining assets.
In other words, we spend 50 per cent of the estimated gains from investment, and put the remaining 50 per cent back into the reserves to preserve its growth for future use.
Associate Professor Randolph Tan is Director of the Centre for Applied Research at the Singapore University of Social Services, and a Nominated Member of Parliament.
Under PAP rule will S’pore become like UK or Venezuela?
In 2011 I wrote the following explaining how the money for our SWFs really came from us (When most probably Roy Ngerng was still wearing shorts and still coming to terms with his sexuality):
https ://atans1.wordpress.com/2010/11/02/how-we-fund-our-swfs/
https://atans1.wordpress.com/2010/11/19/property-sales-also-fund-our-swfs/
At the most, the PAP govt should be given credit for allowing S’poreans to spend more of our own money on ourselves. And even that was because in 2011, the voters gave the Pap an underwhelming ruling mandate to govern. And if not for Goh Meng Seng, his useful idiot Tan Kin Lian and Tan Jee Say (opportunists three), the PAP’s preferred presidential candidate would have lost to Dr Tan Cheng Bock.
So spread the word to those who think that they should be grateful to the PAP for the goodies that its our money the PAP is spending, but claiming credit for. Sadly, I doubt this will happen because cybernuts rather spread anti-PAP BS than the nuanced truth, even if the latter can persuade the PAP voters who think (about 35% of the voters: those who voted for Dr Tan Cheng Bock).
GST
In How PAP can win 65% plus of the vote, I pointed out that postponing the GST rise is the best to ensure a 65%+ share of the popular vote for the 4G leaders. But the 4G leaders think that the goodies doled out are sufficient for a 62% victory, if not more. (Btw, article lists most of the goodies)
Well this gives the Oppo a good chance to KPKB about the folly of increasing GST when the global and S’pore economy are weak, if not in recession (“Only cold spell coming, but not Winter,” says Heng). But will they do it? I have my doubts.
I’ll end with:
Countering PAP’s BS that taxes must go up
Welfarism the PAP way/ The last word on GST
which show that really the PAP govt doesn’t need the GST to fund future welfare spending.