SG govt artificially raises GDP growth through deception

[True Believer]

Growing the population in S'pore benefits the PAP. When the population increases, it puts pressure on housing and land prices which inflates the value of SG's land reserves. The govt’s financial reserves are estimated to be around $3 trillion, but the land it owns is worth several times that amount. The value of this land increases every time a new HDB record is set. The govt uses the excuse of rising property prices to divert more money from the national budget into housing subsidies, which then flow back into the reserves when land is sold to HDB and private developers. This is done without having to spend money on things that would genuinely improve the lives of S'poreans.

 

[True Believer]

The PAP is a one-trick pony that relies on increasing the population as a primary strategy to drive economic growth. Our multi-million dollar ministers have no clue how to improve the underlying productivity of existing resources. The govt is trying to mislead Western govts and media to believe that S'pore's growth is exceptional. This is not a new strategy as the use of foreign workers to supplement the exhausted local labour force began in the 1990s. The PAP is repeating old tricks today, as a significant portion of the population increase comes from a sharp rise in the non-resident workforce.

 

[True Believer]

By providing subsidies and keeping HDB flat prices below market rate compared to private homes, the govt promotes a false sense of home "ownership", which is seen as a key pillar of social stability and a way to give citizens a stake in the country. However, more and more S'poreans are aware that HDB buyers are lessees and the Housing Board is the lessor.

 

[True Believer]

Increasing the population in S'pore offers the single benefit of raising domestic demand. This results in higher tax revenues from GST and increased residential and commercial rents. However, the PAP does not share these financial gains with S'poreans. The govt provides a small fraction of the gains, which it claims fully offsets the GST increases paid by households. These offsets are only for a limited period and are far less generous than the assistance provided to citizens in developed nations to help cope with rising costs.

 

[bobby]

The daft public so happy with the CDC vouchers given by PAP but overlook the strategy by the gahmen to use this to force them to buy and pay gst accordingly and further boosting inflation and so called self created growth.

Last time they use to just credit your CPF balances and all remain as dead unspent money for posterity.

 

[True Believer]

You can lie to S'poreans some of the time, but you cannot get away with lying to us all of the time. A HDB
flat does not belong to the buyer, who remains a tenant of the landlord till the unit is returned 1 day.

 

[True Believer]

LKY did not give up his life. He enriched his entire family.

 

[sbfuncle]

That's why i said most subsidies in sg are faked subsidies, healthcare subsidy too.

 

[True Believer]

That's why i said most subsidies in sg are faked subsidies, healthcare subsidy too.

Grace Fu lied through her teeth with a straight face.

 

[True Believer]

Pritam Singh and the WP have not been slapping the PAP hard enough

 

[batman1]

Higher GDP growth = Higher salaries and bonuses for ministers.

 

[bobby]

Sinkies just look at the so called low personal taxes applied and laugh at other countries at their higher taxation levels,

They never look beyond that levies like COE, ERP, maid & foreign worker levies etc etc are also form of taxes directed at particular groups of Sinkies. You may argue that if you donch buy a car you won’t be paying COE but that limits your opportunity to own one.

Paying up to $1m for a pigeon hole that you do not own is just another form of hoodwinking daft Sinkies into believing they are worthwhile paying these jiakliaobees and chobohlan $m and residing in comfort in 200,000 sq ft bungalow.

A typical holiday for a Sinkie is to rent a gahmen chalet and hold a bbq….that is the quality of life in SG.

 

[ftan42]

To address the issue of diseased inflation in property prices, a temporary period of hyperinflation is necessary. During this stage, property and commodity prices will skyrocket. However, the government will intervene to mitigate the effects and prevent the situation from escalating into deep deflation, which would have severe and long-lasting consequences.

 

[True Believer]

To address the issue of diseased inflation in property prices, a temporary period of hyperinflation is necessary. During this stage, property and commodity prices will skyrocket. However, the government will intervene to mitigate the effects and prevent the situation from escalating into deep deflation, which would have severe and long-lasting consequences.

The definition of hyperinflation involves a govt's inability to manage its finances. Therefore, proposing it as a solution to diseased inflation is like a doctor prescribing a deadly disease to cure a minor illness. The govt would be directly responsible for the ensuing chaos.

 

[True Believer]

Sinkies just look at the so called low personal taxes applied and laugh at other countries at their higher taxation levels,

You are correct that S'pore's tax structure is more complex than just personal income tax. Many levies and fees act as indirect taxation.

 

[syed putra]

The PAP is a one-trick pony that relies on increasing the population as a primary strategy to drive economic growth. Our multi-million dollar ministers have no clue how to improve the underlying productivity of existing resources. The govt is trying to mislead Western govts and media to believe that S'pore's growth is exceptional. This is not a new strategy as the use of foreign workers to supplement the exhausted local labour force began in the 1990s. The PAP is repeating old tricks today, as a significant portion of the population increase comes from a sharp rise in the non-resident workforce.

This tactic PAP copied from Australia which accepts tens of thousands if not hundreds of thousands of skilled professionals who are fairly wealthy into the country every year hence record continued growth for decades.
That exclude giving foreign student citizenship upon completion of their studies and getting jobs which means no money spent by Aussie gomen in training these educated workforce they paid full fees.

 

[True Believer]

Paying up to $1m for a pigeon hole that you do not own is just another form of hoodwinking daft Sinkies into believing they are worthwhile paying these jiakliaobees and chobohlan $m and residing in comfort in 200,000 sq ft bungalow. A typical holiday for a Sinkie is to rent a gahmen chalet and hold a bbq….that is the quality of life in SG.

The greed of the PAP knows no limits. They want the 5Cs, but tell 85% of S'poreans that the 5Cs are not for peasants.

 

[cocobobo]

Increasing the population in S'pore offers the single benefit of raising domestic demand. This results in higher tax revenues from GST and increased residential and commercial rents. However, the PAP does not share these financial gains with S'poreans. The govt provides a small fraction of the gains, which it claims fully offsets the GST increases paid by households. These offsets are only for a limited period and are far less generous than the assistance provided to citizens in developed nations to help cope with rising costs.

To add, why give jobs to young sinkee grads who already live with their parents?

Give the job to one cecaroach and immediately you get higher GDP from one flat rental.

 

[laksaboy]

And in recent years, the HDB has been using a chunk of that money to publish propaganda ads.

 

[Vlad Tepes]

Growing the population in S'pore benefits the PAP. When the population increases, it puts pressure on housing and land prices which inflates the value of SG's land reserves. The govt’s financial reserves are estimated to be around $3 trillion, but the land it owns is worth several times that amount. The value of this land increases every time a new HDB record is set. The govt uses the excuse of rising property prices to divert more money from the national budget into housing subsidies, which then flow back into the reserves when land is sold to HDB and private developers. This is done without having to spend money on things that would genuinely improve the lives of S'poreans.

Adding on, if you're a peasant staying at HDB block. Least for my cluster, there's a lot of effing minor construction works almost every 2-3 years. The peace and tranquility trade off VS benefits are totally y off. The surrounding concrete at my blk had been redone twice for the last 4 years. Is modern concrete so farking not durable? Recently a minor upgrade of parking lots completed as well. Guess, how many lots were added? Farking 7 lots and they're not even EV lots. They're just generating GDP for the sake of GDP.

The PAP is a one-trick pony that relies on increasing the population as a primary strategy to drive economic growth. Our multi-million dollar ministers have no clue how to improve the underlying productivity of existing resources. The govt is trying to mislead Western govts and media to believe that S'pore's growth is exceptional. This is not a new strategy as the use of foreign workers to supplement the exhausted local labour force began in the 1990s. The PAP is repeating old tricks today, as a significant portion of the population increase comes from a sharp rise in the non-resident workforce.

If you want Singapore to have a microchip giant like TSMC. It would probably in other lifetime. Innovation and overhaul of the economic model is impossible. They simply do not want to spend time and effort. If you want significant resident workforce, this is not possible as the damage is permanent. Whether in terms of mindset, supporting educational institutions, birthrate. It's dying of a slow death.

By providing subsidies and keeping HDB flat prices below market rate compared to private homes, the govt promotes a false sense of home "ownership", which is seen as a key pillar of social stability and a way to give citizens a stake in the country. However, more and more S'poreans are aware that HDB buyers are lessees and the Housing Board is the lessor.

Some people get triggered when I tell them they're only a leasee. They do not own the HDB and they at most own the strata space. Boomers esp are either very delulu or ill informed. It is a lost cause.