The decay of PAP…
What a glorious day in Singapore when the ex-SCDF Chief was charged in court for corruption! Though we have always known that it was the biggest bullshit (BS) in history, there was little we can do. The BS is – pay the civil servants (super) high salaries and there will be no corruption! Well, given that this case has surfaced,...
Issues raised by Christopher Balding on our reserves
Professor Christopher Balding's blog: christopherbalding.com raises a number of issues related to our reserves. These issues are very interesting but there is insufficient information available explain the discrepancies - we were supposed to elect a president who would ask these important questions about our reserves but we...
CPF, pyramid scheme & hidden tax
1. If you don't have exclusive control over something, then you don't own it 2. Thus the CPF "contribution" is a TAX -- rather, a form of tax cleverly disguised as something else, probably to "fool" people. 3. This tax is used to fund an on-going legal pyramid scheme. 4. All government social insurance programs are essentially...
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