The govt is going to spend billions to help the people. $1.1b will be spent to buy 600 buses. More technology acquired and trains be bought to improve the train system. Top people deserved to be paid in the millions in both private and public. One simple question is, where is the money coming from, or who is the ultimate paymaster?
There is no running away from it. You, the daft Sinkies will pay for all these great stuff and the high pays of the great talents in one way or another. Look at the pathetic state of the CPF savings! Is it still your money or other people’s money? Why is your money be kept away from you? You find the answer. For your own good or someone else’s good?
Do not be happy when public organizations are spending huge sum of money in the name of improvement. Make sure that there is a real need for improvement and that there is improvement with the money spent. If there is no need to spend the money, then the money should not be spent. It is always your money that is being spent and you will have to pay for it. Even the pay of top honcho employees of public companies are paid by the people unless they are making their money from overseas. If they are making money from the people, the huge profit is what they made from the people to pay themselves.
And don’t be too happy about the hundreds of billions in our reserves and sovereign funds unless they benefit the people. If they just benefit the few who are managing them, then it is nothing but like the CPF statements, good to feel but cannot touch. And worst, the reserves must come from somewhere, the sovereign fund’s capital must also come from somewhere. Make a guess.
As long as your CPF is being held captive against your will, never be happy about it. Either the CPF savings are returned to the people or the people must elect a govt that will return them to the people. There are just too much of the people’s money being kept away from the rightful owners for all kinds of excuses.
The daft Sinkies are still happily in dreamland. The bulk of the Sinkies that need their savings are deprived from using their savings. Like Gintai said, the minimum sum is going to be bigger and bigger, and so is the Medisave. What is left for the owner of this money? What is the point of saving, or why call it savings? Saving for who?