PAP has run out of ideas to generate economic growth and has instead embarked on an ‘awareness’ campaign to generate revenue.
These jiak liao bees are aware that they have at least 2 more good years ahead before the next GE to fleece Singaporeans and will not stop at increasing only water prices, car park charges and town council conservancy fees.
Today article, “Only a matter of time before GST goes up: Economist”, has already hinted at PAP’s intention and is preparing the public for another surprise. link Recall that about a month before water prices were arbitrarily increased, Minister Vivian Balakrishnan had also sounded a warning of “significant risk’’ of losing an important source of our water supply.
But this time round, PAP has decided to use an economist – in Singapore all are PAP-friendly ones – to prep the ground. The “economist” in this case is none other than CIMB’s Song Seng Wun.
MSM have published Song’s positive comments on Temasek and GIC in too many articles. Because Song’s views are aligned with PAP’s, a GST rate hike is likely. Google “Song Seng Wun Temasek Holdings GIC” to get to know this star economist.
Song on Temasek’s privatisation of SMRT: “Managing the transport system will be simpler.” Incompetence at the highest level at SMRT clearly didn’t matter to Song.
Why not privatise SIA, Keppel Corp and all other GLCs as managing them will also be simpler? Like PAP, Song also loves to talk cock, sing song.
Song: “No one wants the tax to go up …. but at this point in time, we know the GST has to go up. I think the fact that we are finally charging a bit more for water after 17 years reflects that somebody forgot it hasn’t been done yet.” Wow! So clever hor.
Song must be an intelligent person so I am just wondering why PUB’s perpetually-increasing revenue – in tandem with an increasing population – suddenly seems non existent to him. PUB’s ‘loss’ is nothing but PAP intentionally allocating insufficient tax dollars and subsequently magnifying the ‘loss’ with a grant. Hmm …. is Song pretending to be a dumbass?
“No one wants the tax to go up” is another half truth because PAP does want taxes to increase to generate revenue because PAP does not know how to increase productivity.
A 30% water tax increase is not “a bit more” for ordinary citizens after taking into account recently-announced increase in town council conservancy fees and increased car park charges.
But why should water prices be increased when infrastructure construction costs have already been borne by consumers/investors and tax dollars allocated in the budget?
Are consumers and businesses being fleeced and forced to pay for infrastructure construction to cater to a 7-million population?
Song: “The fact is that GST was raised 10 years ago and water tax was (raised) 17 years ago.” Song is suggesting that since water tax has been raised, a GST rate hike should follow suit because it is overdue. But where is the logic? What will be increased after a GST rate hike? Electricity tariff? What’s next?
PAP is a master at propaganda and all its moves are calculated. For Song’s flawed reasoning to be published in the MSM, it must have been given the green light by PAP and that the stage has been set for a GST increase. Our ‘Awareness’ campaign has begun.