Just as the Budget needs to be scrutinized, so too every suggestion and proposal from the House needs to be scrutinized.
Selling ASSETS instead of raising income to fund increased expenditure is a 'No! No!'.
By Workers' Party's standard, tiny Singapore has lots of land to sell. Where? The land vacated by the port in Tanjong Pagar, the land where Paya Lebar Airport now sits.
And did Pritam Singh explain how he came to 20% cap on proceeds? Was there a formula? Or did he pull it out of thin air?
And HOW will a 20% cap on proceeds prevent a profligate government from selling land unnecessarily for spending?
If that 20% cap does not produce enough $$$ for spending, a profligate government can sell MORE land to overcome the limitation of the cap.
That cap will probably speed up the sale of land to fund spending. LOL
And we are talking about RECURRENT expenditure, not a one-time expenditure.
And recurrent expenditure will keep going up. Give you an example.
Even before GST is raised, WP's Daniel Goh has proposed in Parliament to increase the salary of nurses to close the gap in gender pay.
If you're a nurse this will surely make you happy.
But as political leaders, you have to ask yourself how you will fund your policies in a sustainable way, not just say nice things that are pleasant to people's ears.
By Workers' Party's standard, tiny Singapore has lots of land to sell. Where? The land vacated by the port in Tanjong Pagar, the land where Paya Lebar Airport now sits.
And did Pritam Singh explain how he came to 20% cap on proceeds? Was there a formula? Or did he pull it out of thin air?
And HOW will a 20% cap on proceeds prevent a profligate government from selling land unnecessarily for spending?
If that 20% cap does not produce enough $$$ for spending, a profligate government can sell MORE land to overcome the limitation of the cap.
That cap will probably speed up the sale of land to fund spending. LOL
And we are talking about RECURRENT expenditure, not a one-time expenditure.
And recurrent expenditure will keep going up. Give you an example.
Even before GST is raised, WP's Daniel Goh has proposed in Parliament to increase the salary of nurses to close the gap in gender pay.
If you're a nurse this will surely make you happy.
But as political leaders, you have to ask yourself how you will fund your policies in a sustainable way, not just say nice things that are pleasant to people's ears.
No comments:
Post a Comment