FAKE NEWS ALERT! When Is Government Spending Not Government Spending? When It’s Done by the PAP!
As Budget 2023 approaches the PAP Government is beginning to soften the ground for tax increases to close an invented “funding gap”. Today an article on LHL’s personal propaganda channel, […]
A List of the 10 Richest Politicians in Singapore Is Undoubtedly Fake News But Still Grossly Underestimates LHL’s (and His Wife’s) Personal Wealth
Recently my attention was drawn to a list published by a South African news site which purports to show Singapore’s 10 Richest Politicians and their net worth. This appears to […]
Shanmugam Says “Singapore Will Fail If Racism and Xenophobia Take Root” Directly Contradicting LKY’s Theory That Racial Superiority Was the Main Reason for Singapore’s Success
Singapore’s leaders were absolutely right to condemn the racist attack against an Indian Singaporean last week. LHL said on Facebook that the attack “goes against everything that our multiracial […]
Budget 2021- Not Enough Stimulus in FY2020, Premature Withdrawal of Aid in FY 2021 and Not Enough Help for Singaporeans
FOR IMMEDIATE RELEASE Inadequate Stimulus in FY2020 In my last blog post, written just before the Budget presentation, I pointed out that the economy had suffered as a […]
Decision To Withhold Civil Servants Year-End Bonuses Shows PAP Government Doesn’t Understand Economics
On November 27 the Public Service Division (PSD) announced that Singapore’s 85,000 civil servants will not receive any year-end bonus this year . This followed the cancellation of the mid-year bonus […]
Heng’s Performance Shows He Would Not Survive If He Was Not Protected from Competition
The main reason I chose to study Economics was that it truly is the Queen of all Sciences. Economics provided the blinding insight that competition leads to the survival of […]
Will He Stay or Will He Go?
I for one have always been sceptical of the assumption that Lee Hsien Loong would step down as PM when he reaches 70. This seems to have originated in a […]
Budget 2016: Stuck in a Car in the Fog. Who to Ask for Directions?
Since 2012 I have pointed out, repeatedly, that the Singapore Budget presentation gives a deeply misleading picture of the Government’s finances. I have written innumerable times on how the Budget does […]
Will Lagarde Join Tharman in the Exclusive Club of Finance Ministers with Criminal Records?
In 2012 I discovered that the Finance Minister had pledged a US$ 4 billion loan commitment backed by our reserves to support a new lending facility for the IMF. This […]