Generalismo Lee Hsien Loong is robbing the corporates to buy political votes for himself (and irreversibly DISTORTING market economy dynamics in Singapore.
Looks to me like baby Lee is trying to tax the corporates to make the workers happy. I.e. to use the wealth of the corporates to buy him votes in the coming general elections.
If foreign investors knew about Generalismo Lee's dirty political slight of hand and dirty trick of robbing the corporates to help him buy political votes, they will all shun Singapore like plague and NOBODY will want to open another factory in Singapore let along stay. More MNCs based in Singapore will soon pack up and leave if parliament became a den of robbers with the intent to steal corporate $$$ to buy political votes.
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Not way for Govt to act in a market economy
PUBLISHED: 5 October 2018.
It is shocking that the Government is resorting to legislation to compel companies to pay bonuses to cleaners (Cleaning firms must pay cleaners annual bonus from 2020; Oct 3).
The issue is not about the work conditions of cleaners or any group of workers.
It is about a government in a supposedly market economy intervening by the force of law in the management of private companies in a most intrusive way, in terms of not only how much they should pay their workers, but now also in what manner they should do so.
What if a company has fallen on hard times? What if a worker underperforms?
What if a company prefers to average out the bonus and spread its payment monthly along with salaries? Should it be made to close down by the force of law?
Does this country still believe in the principle that those who risk their own fortunes to set up enterprises and create jobs should be left alone to mind their own business and face the consequences of their own decisions?
Cheng Shoong Tat
A version of this article appeared in the print edition of The Straits Times on October 05, 2018, with the headline 'Not way for Govt to act in a market economy'. https://www.straitstimes.com/forum/letters-in-print/not-way-for-govt-to-act-in-a-market-economy
Looks to me like baby Lee is trying to tax the corporates to make the workers happy. I.e. to use the wealth of the corporates to buy him votes in the coming general elections.
If foreign investors knew about Generalismo Lee's dirty political slight of hand and dirty trick of robbing the corporates to help him buy political votes, they will all shun Singapore like plague and NOBODY will want to open another factory in Singapore let along stay. More MNCs based in Singapore will soon pack up and leave if parliament became a den of robbers with the intent to steal corporate $$$ to buy political votes.
-==========-
Not way for Govt to act in a market economy
PUBLISHED: 5 October 2018.
It is shocking that the Government is resorting to legislation to compel companies to pay bonuses to cleaners (Cleaning firms must pay cleaners annual bonus from 2020; Oct 3).
The issue is not about the work conditions of cleaners or any group of workers.
It is about a government in a supposedly market economy intervening by the force of law in the management of private companies in a most intrusive way, in terms of not only how much they should pay their workers, but now also in what manner they should do so.
What if a company has fallen on hard times? What if a worker underperforms?
What if a company prefers to average out the bonus and spread its payment monthly along with salaries? Should it be made to close down by the force of law?
Does this country still believe in the principle that those who risk their own fortunes to set up enterprises and create jobs should be left alone to mind their own business and face the consequences of their own decisions?
Cheng Shoong Tat
A version of this article appeared in the print edition of The Straits Times on October 05, 2018, with the headline 'Not way for Govt to act in a market economy'. https://www.straitstimes.com/forum/letters-in-print/not-way-for-govt-to-act-in-a-market-economy
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