You all miss big picture. Install puppet president to avoid checks on Gic losses.
Raise CPF min sum. Make medishield life plus mandatory shrink medishield accounts over time reduce liability for the ponzi.
Raise taxes. Cut COE supply to raise more $$$. ERP all roads. Raise mrt and bus fares.
Raise GST.
Why? Sg reserves gone case already lah.
Reuters News Report cut and paste here:
SG is broke... we are gone case
No accountability in Singapore.
.1. The Reuters news report of Temasek Holdings investment portfolio's multi-billion dollar losses in Barclays (over £850 million GBP), and Merrill Lynch (over $3 billion USD) were never reported (to date) in any of Singapore's news media
http://uk.reuters.com/article/uk-barclays/temasek-sold-barclays-stake-at-loss-idUKL334812220090603
2. A further single year (2016) multi-billion dollar loss in Temasek Holdings investment portfolio amounted to $24 billion USD
http://www.straitstimes.com/busines...-billion-one-year-total-shareholder-return-at
3. Temasek Holdings board of directors have not been held accountable for those losses. Ho Ching is the Chief Executive Officer of Temasek Holdings. She is married to the current Prime Minister of Singapore, Lee Hsien Loong.
4. The GIC Private Limited, which manages Singapore's foreign reserves, lost $9.78 billion SGD of CPF funds in bailing out UBS.
https://statestimesreview.com/2017/...on-cpf-money-in-gic-after-selling-ubs-stocks/
5. GIC's and Temasek's investee company Xiaomi lost $40 billion USD in value in 18 months.
http://www.theindependent.sg/gics-and-temaseks-investee-company-xiaomi-lost-40-billion-in-value/
6. The GIC Private Limited board of directors (helmed by GIC Chairman Mr Lim Siong Guan, a former civil service head, as well as former Permanent Secretary in the Ministries of Defence, Education, Finance, and the Prime Minister’s Office), including the Prime Minister of Singapore, Lee Hsien Loong, have not been held accountable for those losses.
7. Temasek Holdings multi-billion dollar losses under Ho Ching remain unreported in Singapore news media, and she has never been held accountable for those losses either.