PAP on past reserves: Drawdown = Conversion = No drawdown
DPM Tharman once told Parliament that drawing down past reserves was “in essence a conversion of past reserves from one form (financial assets) to another (state land), rather than a drawdown of reserves”. [ Link ] If Tharman had $10 million and he bought a $1 million car, would he tell his wife there was no withdrawal...
An evaluation of PAP’s mid-term performance: Policies which ‘take advantage’ of Singaporeans (Part 3)
Earlier this month, I had argued that we were already mid-way into the current term of government and the People's Action Party (PAP) did not do well in terms of bread and butter issues (Part 1) and the quality of their political leaders (Part 2). In Part 3, I will analyse how PAP policies are causing increasing struggles...
How wealthier CPF members kena scammed but loving every moment of it
The PAP government has always tried to avoid spending a single cent on citizens through all sorts of scams. The most well known scams are of course selling HDB leases which include land price and creaming off returns from CPF investments. A lot of ‘subsidies’ and ‘grants’ are in fact citizens’ money from these scams. Because...
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