“Yes, up till recently, Singapore was performing excellently. But at the same time, the ordinary people had the fruits of their labour taken away. We seem rich but yet are in debt. The government apartments are now exorbitantly priced. Cars are a necessity (given the poor performance of the profit-oriented public transport companies) but are also exorbitantly priced.
Much of our money is locked in the Provident Fund and it is becoming impossible to get it back while we are still alive. Yes, all races are treated equally – and they are sucked dry equally. This is the pivotal point in times when things became bad. By the way, the money in the Provident Fund (as well as in the reserves) is used for investment – for which there is almost no transparency and accountability.
Huge losses have been incurred in the current crisis yet the ruling party still baulks at spending a million or two on the poor. Oh, and we spend twice as much on defence as Malaysia despite being at least 400 times smaller.
Instead of addressing the root of the problems, LKY’s son (yes, his son – by the way did Dr Mahathir install his son as prime minister?) decided to take action on only one aspect of the problem, in a negative manner. Instead of lowering costs for citizens, and therefore maintaining wage levels, he decided to import foreigners to lower cost.
It is effective – foreigners earn much more per hour than they do back home. They are stuck with the same employer for the duration of their visa, hence they are obedient. If they are sacked, they have to go home. And home means facing unpaid debts which they incurred in getting to Singapore. So which foreign worker will dare to resist exploitation?
This means the ‘choosy’ Singaporeans get to twiddle thumbs at home. And would the Singaporean ministers care? They are paid $S$2 million basic per year, a performance bonus of up to eight months, and get a pension when they reach retirement age. Good clean governance, huh? Oh yes, the judges are paid the same too so not surprisingly they always find for the government.
Malaysians are LKY’s top choice. It gratifies him to poach bright minority students which his old pal Dr Mahathir had educated. They get good jobs (there is supposedly a quota to be filled), will not get sacked (as it means they go back to Dr M) and are favoured by corporations, as they do not have national service obligations. None want to be citizens – at the end of the day, they will retire to the Malaysia (which they hate so much) to enjoy the Singapore dollar’s strength. God have mercy on the children they leave behind!
Currently one person in three is a foreigner in Singapore. The press chooses to obfuscate matters by lumping citizens and PRs together in their reporting (as ‘resident population’) so the huge number of foreigners in Singapore is understated.”