School textbooks and mainstream media will never tell the truth about Lee Kuan Yew as this will expose all the flaws in PAP.
LKY had wielded too much power and dissenters, be they MPs, civil servants, journalists or citizens, were too fearful to face his wrath. As a result, all had only positive things to say about him and “respected” him out of fear.
Never-mind-what-the-people-think LKY was given free rein to run the government and he had many ideas to milk citizens and our country dry. The worst idea he had was to run OUR country as a corporation, with leaders’ pay pegged to what they could have been earning for managing a big corporation in the private sector.
It was a bad idea because almost all the ministers had never worked in the private sector, much less helmed a big corporation. 😦
A country shouldn’t be run as a corporation and it would be stupid to do so. How could a brilliant man like LKY expect economic digits to defend and die for Singapore? Who has ever died defending a corporation? Will PAP MPs?
Managing stat boards and government agencies as profit centres is really a bad idea because civil servants are not focused on good governance nor serving the people.
Civil servants would spend countless hours thinking of ways and means to scam citizens. For example, LTA came up with the COE and ERP systems to ostensibly reduce road congestion. But after 25 years of paying to drive the most expensive vehicles on costly roads, how many roads are now less congested?
LTA’s main objective is to generate revenue for the government, not relieve road congestion. If it had wanted to, the government would have been told to discard its insane immigration policy which is the real cause.
Once the ERP money tree had been planted, all LTA had to do was take good care of it and money will just grow. For example, LTA would review ERP rates whenever the government needed some loose change by increasing gantry rates at busier locations while reducing those at relatively ‘ulu’ locations.
In this example below, net revenue gain is $45,000 PER DAY. So easy to earn money hor?
After each rate review, did LTA solve congestion problems? The answer is ‘no’ and what’s worse, Parliament isn’t bothered.
LKY may be dead but his unspoken “what’s wrong with collecting more money” policy lives on. 😦
The biggest money tree belongs to CPF Board and that’s why an ex paper general has been appointed CEO. Soldiers don’t question – they just take orders from their political masters.
CPF Board CEO has such an easy job – all the ex paper general has to do is hand over ALL our retirement savings to GIC and wait to be paid a fixed rate of return.
The money printing formula – peg CPF interest rates to short term instead of long term rates.
No banks would dare to fleece their customers by offering savings interest rate for, say, a 2-year fixed deposit. But this has been happening to CPF members for decades.
Why stop at ripping off peanuts from CPF members? Of course corporate civil servants need not be reminded to heed LKY’s “what’s wrong with collecting more money” if they wanted to be high flyers.
Along came some smarter ass with the biggest scam in the universe: offer members a ‘guaranteed’ low rate in order to pocket the difference earned from CPF investments.
Since a quarter century ago, PAP has been pocketing an estimated 40% of CPF members’ returns annually. 😦
Most Singaporeans are not aware that this amount is not peanuts, ie total interest of $10.8 billion credited to CPF members last year means the government ripped off about $8 billion from returns earned using our CPF funds.
About $45 billion credited to CPF members since 2011 = About $30 billion confiscated by the government.
With the CPF money tree well planted, is there any incentive for proper governance?
LKY’s bad idea of course extends to the HDB where our second-highest home ownership rate has been achieved using retirement savings. Again, no foreign leaders were foolish enough to use this approach which creates only an illusion.
But this alone wasn’t sufficient to enhance the value of our HDB assets to above 7 figure sums. So, another smart ass cracked his brains and came up with the idea to include a large percentage of land cost into HDB flat pricing, ie land cost could amount to more than $300,000 for bigger flats purchased directly from HDB.
The worst thing that could have happened – we paid for the land but the flat doesn’t belong to us. And we are forced to maintain public property through the use of sinking fund as well.
Tenders for a HDB project include the construction of multi-storey car park. The cost of car park construction is therefore included in the price of the flat. Kena scammed again. And more than 70%? of flat buyers do not drive.
It’s understandable for corporations to price their products as high as possible: Higher prices = higher profit margins. But HDB flats are not just any consumption product.
Despite housing being a necessity, our corporate civil servants have somehow managed to set the sky as the limit for HDB flats. HDB flats costing more than $1 million are increasingly common.
This is of no concern to civil servants; instead, it allows the mainstream media to cheer higher prices.
Many Singaporeans have still not understood this so I will try to explain very clearly. 🙂
Some smart ass PM came up with his ‘ass-et enhancement’ policy which means one thing – no more cheap and good.
Higher property prices translate into higher:
– stamp duties
– real estate commissions
– tax on commissions
– property tax
Higher HDB flat prices increase government revenue because PAP is Singapore Inc’s landlord. No need for civil servants to work hard but can easily earn billions, why not?
Incompetence led to not only screw ups but civil servants requiring feedback to do their job.
From 2006 to 2010, there was a huge shortage of HDB flats – only about 30000 HDB flats were constructed. After ‘feedback’ was given through the ballot box in 2011, 97,000 HDB flats were constructed from 2011 to 2015.
On collecting more money from public healthcare, an example would be the consultation fee at a polyclinic being increased to almost double that of a private GP. (see image below)
It doesn’t matter if after a Great Singapore Sale “discount”, a patient pays only $11. This is because there is obviously a profit of $30 for PAP per patient visit. Multiply this amount by the 4 million plus visits, give or take, the government just made about $100 million every year on consultation charges alone.
Where does this amount go to? If it goes back to MOH, this would mean our healthcare has been underfunded by $100 million on consultation charges alone.
To LKY, there is nothing wrong with collecting more money, even when citizens fall ill. What about causing insurance premiums to spike? LKY would have asked the same question.
There are too many instances of PAP’s unspoken ‘what’s wrong with collecting more money” policy in action.
When civil servants start behaving as if they are CEOs and top management in the private sector, citizens ultimately suffer. This is common sense.
So far, no civil servant has the guts to tell PM Lee to discard LKY’s bad idea.