Saturday, February 25, 2017
TOTD: PAP's Poison to the Sick Economy
Thought of the Day - PAP's Poison to the Sick Economy
I didn't comment much about the current budget debate now but I look on with much nauseating disbelief with what PAP is doing right now.
It actually reminds me of what happened in 1981 and 1984, when the economic downturn and crisis was imminent but PAP government back then continued to increase cost to the people and businesses. It did cost PAP two seats in parliament but apparently that wasn't bad enough for PAP to learn its lesson.
Most importantly, the economy dipped much worse than expected due to PAP's totally senseless economic policies melted out through its yearly budgets.
70% of Singaporeans have to take responsibility for the current senseless doings of PAP government. They had given PAP such a strong mandate that PAP literally has the total blank cheque to sign on.
We are going to face a serious structural economic downturn in the coming months but what did PAP do? It just adds on the burden of Singaporeans and businesses by raising various costs. Water, as the most basic necessity for human beings, is slated to raise 30% within two years! But PAP's MPs and Ministers, with totally naive and sometimes, idiotic senseless humor, expects Singaporeans' pay to increase in such economic difficult situation while goods and services should not increase in prices!
The water pricing, along with electricity tariff, are the two basic fundamentals for both human beings and businesses. It would be totally naive to believe PAP's rhetoric that each household only pay $18 more on average for water when other goods and services, especially food and beverages, will increase in prices as well!
Right from 2015 "PAP VICTORIOUS 70% mandate", PAP had increased almost everything possible. Mark my word, GST would be the next golden goose they will aim at.
Singapore has already one of the most expensive water pricing in the world while its raw water cost from JB is kept fixed at such a low level. Hong Kong which bought raw water from China, had paid a higher price as compared to Singapore but in the end, Singapore's portable treated water price is more than 5 times more expensive than Hong Kong! Hong Kong is definitely not a "low cost" city but why did Singapore's water price so much higher? There are many reasons but I shall not deal with it here. In fact, the real cost of raw water from JB which Singapore bought, had DECREASED due to depreciated Malaysian Ringgit! Basically, Singapore has allowed cost to escalate without much control.
The introduction of Carbon tax at this instance, will add oil to the fire we have. Not only electricity tariff will go up but all cost will shoot up in no time!
Most people have realized PAP's CFE report is nothing but just old wine in new bottle. These are not some magic pills to address our current and future economic development. But the current acts of PAP increasing so much costs to livelihood in Singapore, is definitely a poison to our ailing economy, which our dear PM refused to acknowledge its sick status.
It is a common knowledge that PAP will want to increase prices and milk Singaporeans for whatever they can milk at the mid term of their 5 year rule so that Singaporeans could slowly forget such pain by the time when elections come in another 2 or 3 years time. They will throw goodies and candies just before the next GE just to appease all voters. They thought the current "bitter pills" would be OK for Singaporeans to swallow but they are wrong. These are really POISON they are feeding Singaporeans, without any good sense of judgement of the current economic situation!
The current Finance Minister, who had just recovered from his "stroke", may not be thinking proper. It is unbelievable for him to come up with such poisons for Singapore at this stage. Finance Minister Heng Swee Kiat should resign if his proposed massive increment in prices, indirect taxes and cost burden to Singaporeans and business finally killed us in the upcoming economic storm.
On top of that, PM Lee should also take assumed responsibility for allowing such bad budget to be passed in parliament.
Goh Meng Seng