What's wrong with subsidies?
"I read the newspapers and the simplest thing is to write and say, subsidise. Rice, oil, bus fares, even putting seat belts on school buses. That is the surest way to go downhill” LKY I don't agree with his views on this. Subsidies or handouts are different forms of welfare. If one is wrong, both are wrong. Anyway, I don't think Singaporeans are asking for subsidies to the extent of giveaways at below cost. Market subsidies is one thing that can be cut for essential items. Profit in essential goods at times like this can also be cut as long as the importers are not losing money. Making profits on such items at such times leave much to be desired. Then there is the huge petrol tax that can be lowered without affecting govt revenue when petrol price was much lower. In fact it should be cut to lower business cost. Nobody is expecting a blanket subsidy for everything. Fine tuning a little here and there to help the people is what the people expect of the govt.