Investment returns to supplement revenue: A PAP left to right pocket transaction?
Since 2000, about $108 billion in returns on our reserves (NIRC) have been used to supplement government revenue (image below). Although NIRC is supposed to benefit citizens, the reality is a high percentage of this ultimately find its way back to GIC via CPF contributions or funds set up by PAP under many different names. Excluding...
Why cabinet can’t do bold new ideas
And why ministers can only talk cock sing song, repeating mantras or clichés about Hard Truths: think about the comments about GST and the reserves. Last Saturday, I read in the FT “By appointing people with like minds but with a wide range of professional backgrounds . . . we can discuss things with an open mind...
PAP’s Amateurish Twisted Logic
PAP people will say we should increase GST to help the poor or finance the higher healthcare cost or infrastructure investment.... but it s not ok to use land sales proceeds to finance infrastructure spending. ... they prefer to squeeze you to pay for all these but keep the money from land sales to play Monopoly in the Global...
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- Caoliangoh on Pakistan to nuke Israel if…
- Pandora’s box on Iran’s ‘Terrifying’ New Arsenal Brings Israel To Its Knees
- Liar on Pakistan to nuke Israel if…
- unprovoked aggression on Iran’s ‘Terrifying’ New Arsenal Brings Israel To Its Knees
- PAP mandate strong on Pakistan to nuke Israel if…
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