Bad move by PAP on the white -paper population !

[Tiu-leh-see-fart]

The 6.9 million now called "projection" is really a wrong move by PAP.

You dont project a population size without addressing real ground issues.

Firstly, if fertility rate plunges, you seek out the root problem and grapple with the root.

Secondly, if you want to expand or augment a population on a small island if all esle fails, by means of importing foreigners to be naturalised, you expand the infrastructures to a level that the existing population feels comfortable to talk about it.

White paper should focus on life quality and expanding infrastructures in the first place to deal with the present population and not jump into the so-called 69 in 2030.

for example, how can one plans for three kids if the family earning is less than three K a month in an expensive environs ?

if you cannot hold the bull by the horns, how you overcome the fight !

worse of all you have a PAP elite coming out to threaten people about crisis impending if 6.9 is not accepted !

and you have transport minister telling the current overcrowding in the MRT will only be settled in 5 years time !

WP chief is right the white paper is upside down map. You cure the symptoms but not the disease.

Singapore cannot go down HK or south korea path . Singapore has a choice.

PAP should have a heartbeat that beats with the people !

 

[virus]

3. It then becomes reasonable to ask how well did the Singaporean government did with that 44% of GDP the captured every year. To answer this question, let’s use a narrower definition of economic capture. Instead of using total government revenue which may include dividends and the like from Temasek or GIC, let’s use the operational government surplus representing only ongoing revenue from taxes and fees minus expenditures for government operations. From 1990 to 2010 alone, the government of Singapore captured in the form of operational government budget surpluses, foreign exchange increases, and borrowing $980 billion SGD. According to public Singapore records detailing their balance sheet and MAS reserves, Singapore controls assets of……$993 billion SGD. Given the Singapore governments 21 years of economic capture from 1990 to 2010 and their resulting assets under management, that would give them an annualized rate of return of .0007%. In other words, Singapore has returned less than 1/10th of 1% annually since 1990.

According to the World Development Indicators from the World Bank, when we compare Singapore to other major SWF countries with more than a few years in existence, the differences are stark. Singapore ranks last in education spending and last in public health expenditure. The government of Singapore is capturing the financial benefits of its citizens productivity and not providing the public goods and services its people have every right to expect.

Whereas oil rich states have enormous sovereign wealth funds because they won the geographic lottery, Singapore created enormous sovereign wealth funds by capturing the economic productivity of its people.

The government of Singapore has built sovereign wealth funds not through natural resource wealth or shrewd investments, but capturing the financial wealth of the people of Singapore. The people of Singapore work for the government.


http://www.baldingsworld.com/2012/06/11/the-different-sovereign-wealth-funds-and-their-implications/