S'poreans think govt is "not poor", expect more from govt: PM Lee - Page 8

qwertivity · 10-11-2012, 08:30 PM

Quote:

Originally Posted by globalcookie

Saw this one liner caption in Channel News Asia today that reads smthg along e line of PM Lee asking Singaporeans to not over focus our growth based on GDP!

Oh look at my toes, it's laughing! Even my fishes in e tank flip over on e base and laughed!

hahaha.. best joke of the year

must sic!!

globalcookie · 12-11-2012, 01:58 PM

PM Lee: We cannot just measure our success by GDP growth
November 10th, 2012 | Author: Editorial

PM Lee Hsien Loong
Two years ago, this was what PM Lee said at the National Day Rally (29 Aug 2010) at the NUS University Cultural Centre:

“This year, with the booming economy, we will definitely need more foreign workers so that we can create more jobs in Singapore. A few months ago, I mentioned to the press that we could need more than 100,000 foreign workers more this year. There was a big ooh which you could almost hear.

Well, since then, we have recalculated. Maybe, we will get by with a few less, perhaps 80,000 workers. But I said this to highlight the trade-off which we face and which we cannot avoid.

You want higher growth which will benefit our workers, that also means accepting more foreign workers to come and work in Singapore. You choke off the foreign workers, the economy is stifled, growth is not there, our workers will suffer.”

The emphasis then was to bring in more foreign workers to feed the economic growth of Singapore. Indeed, PM Lee put it very clearly, “You choke off the foreign workers, the economy is stifled, growth is not there, our workers will suffer.”

At the Singapore Children’s Society (SCS) 60th anniversary charity gala dinner held yesterday evening (9 Nov 2012), PM Lee now said that the country’s success cannot be measured just by GDP growth.

Mr Lee said Singapore “cannot just measure our success by GDP growth, as important as it is, but also by the growth of our values — compassion, empathy, altruism, love for our fellow citizens.”

Mr Lee added he is glad that many Singaporeans feel the same.

The current message given by PM Lee seems to deviate somewhat from the one he gave at the National Day Rally two years ago.

When he was earlier advocating the opening the floodgates for foreign workers to help drive GDP growth of Singapore, he did not realise that bringing in foreign workers in such large numbers would drive down the wages of a large segment of the population, thereby increasing the wage gap in Singapore.

Already, Singapore has the largest income gap among developed countries without the corresponding safety nets to mitigate the effects of poverty. In the past decade, there is an emergence of the “new poor” and a growing ultra-underclass. More and more Singaporeans are being left out and don’t benefit from the growth in the economy.

Till today, there is no serious attempt by the Govt to tackle the problem. Even Prof Lim Chong Yah’s bold idea calling for a “shock therapy” to fix the growing income inequality which he said is approaching dangerous levels because of Singapore’s over-dependence on cheap foreign labour, was quickly dismissed by the Govt.

Mr Lee said yesterday, “The government will always do its part to help the less fortunate especially through education, through housing, through financial assistance schemes but also through upholding meritocracy and keeping paths up open.”

But he stressed that the govt is not able to do everything for the less fortunate, “The government cannot, and should not do, try to do everything. It is too impersonal. It can be bureaucratic and help then becomes a matter of social administration, not of care and compassion. And eventually, this fosters an entitlement mentality, instead of a sense of mutual obligation of and of gratitude between the helpers and the helped.”

“Ultimately, it is not the incentives which make the difference. We hope Singaporeans will participate and will support such good works because this is the sort of people we are, and because this is the kind of society which we want Singapore to be.”

Hence, Mr Lee said Singapore should also measure success “by the growth of our values — compassion, empathy, altruism, love for our fellow citizens.”

It looks like to solve Singapore’s income inequality problem brought on by the cheap FT policy of Mr Lee’s administration, we now have to count on “compassion, empathy, altruism, love for our fellow citizens” to fix it for him.

http://www.tremeritus.com/2012/11/10...by-gdp-growth/

Saw the line on "We cannot just measure our success by GDP growth" in CNA news on Sat morning.

dzylim · 12-11-2012, 02:21 PM

he so early prepare for 2016 liao. why not he lead the way? donate all his salary to the poor. for starters maybe can provide those who are really poor a proper meal a day.

talk is cheap. anyone can do it.

globalcookie · 12-11-2012, 05:57 PM

He pre-ampt people for this year and next year GDP, so when we go into recession, he already told us, "cannot just measure THEM by GDP growth"

All these years they measure THEIR salary and bonus by GDP... now say cannot measure by GDP... so what that means? They will find another yardstick for their bonus? Heads they win, tail they win too.

12-11-2012, 07:02 PM

we have a very flippant prime minister, where he flip flop and botched up the island nation... but please dont blame him... he was placed there as a dummy conductor to lead a """ World Class Orchestra""" by you know who... not lee kuan me but lee con you.....

hkh · 12-11-2012, 07:43 PM

Is Pnky going to apologise for not doing it right again like he did in the last GE.......

12-11-2012, 11:04 PM

Quote:

Originally Posted by hkh

Is Pnky going to apologise for not doing it right again like he did in the last GE.......

even if he do the sway and apologised smiling... you believe him.... the infamous 笑面虎。

15-11-2012, 11:57 AM

Quote:

Originally Posted by globalcookie

He pre-ampt people for this year and next year GDP, so when we go into recession, he already told us, "cannot just measure THEM by GDP growth"

All these years they measure THEIR salary and bonus by GDP... now say cannot measure by GDP... so what that means? They will find another yardstick for their bonus? Heads they win, tail they win too.

Please give him credit ok !

COE:

Small cars - 77k
Big cars - 92 k

ERP - they only up 50cts and their $$$ bag blow up a few times

Property - Can't put a finger on how much revenues this is generating but certainly not peanuts

GST --- going to 10% soon ??

:
:
:

salary --->

globalcookie · 15-11-2012, 12:44 PM

IF they keep their word, GST will not increase during this term. BUT if they don't, we know la... politicians are like salesman, will promise everything just go get the vote/sale.

dzylim · 15-11-2012, 12:45 PM

GST is something they will not raise before next election. this is a promise made by them. if they break this promise, its bye bye to them at 2016.

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12-11-2012, 01:58 PM	#72
globalcookie Dragon Join Date: Nov 2007 Posts: 1,446	PM Lee: We cannot just measure our success by GDP growth November 10th, 2012 \| Author: Editorial PM Lee Hsien Loong Two years ago, this was what PM Lee said at the National Day Rally (29 Aug 2010) at the NUS University Cultural Centre: “This year, with the booming economy, we will definitely need more foreign workers so that we can create more jobs in Singapore. A few months ago, I mentioned to the press that we could need more than 100,000 foreign workers more this year. There was a big ooh which you could almost hear. Well, since then, we have recalculated. Maybe, we will get by with a few less, perhaps 80,000 workers. But I said this to highlight the trade-off which we face and which we cannot avoid. You want higher growth which will benefit our workers, that also means accepting more foreign workers to come and work in Singapore. You choke off the foreign workers, the economy is stifled, growth is not there, our workers will suffer.” The emphasis then was to bring in more foreign workers to feed the economic growth of Singapore. Indeed, PM Lee put it very clearly, “You choke off the foreign workers, the economy is stifled, growth is not there, our workers will suffer.” At the Singapore Children’s Society (SCS) 60th anniversary charity gala dinner held yesterday evening (9 Nov 2012), PM Lee now said that the country’s success cannot be measured just by GDP growth. Mr Lee said Singapore “cannot just measure our success by GDP growth, as important as it is, but also by the growth of our values — compassion, empathy, altruism, love for our fellow citizens.” Mr Lee added he is glad that many Singaporeans feel the same. The current message given by PM Lee seems to deviate somewhat from the one he gave at the National Day Rally two years ago. When he was earlier advocating the opening the floodgates for foreign workers to help drive GDP growth of Singapore, he did not realise that bringing in foreign workers in such large numbers would drive down the wages of a large segment of the population, thereby increasing the wage gap in Singapore. Already, Singapore has the largest income gap among developed countries without the corresponding safety nets to mitigate the effects of poverty. In the past decade, there is an emergence of the “new poor” and a growing ultra-underclass. More and more Singaporeans are being left out and don’t benefit from the growth in the economy. Till today, there is no serious attempt by the Govt to tackle the problem. Even Prof Lim Chong Yah’s bold idea calling for a “shock therapy” to fix the growing income inequality which he said is approaching dangerous levels because of Singapore’s over-dependence on cheap foreign labour, was quickly dismissed by the Govt. Mr Lee said yesterday, “The government will always do its part to help the less fortunate especially through education, through housing, through financial assistance schemes but also through upholding meritocracy and keeping paths up open.” But he stressed that the govt is not able to do everything for the less fortunate, “The government cannot, and should not do, try to do everything. It is too impersonal. It can be bureaucratic and help then becomes a matter of social administration, not of care and compassion. And eventually, this fosters an entitlement mentality, instead of a sense of mutual obligation of and of gratitude between the helpers and the helped.” “Ultimately, it is not the incentives which make the difference. We hope Singaporeans will participate and will support such good works because this is the sort of people we are, and because this is the kind of society which we want Singapore to be.” Hence, Mr Lee said Singapore should also measure success “by the growth of our values — compassion, empathy, altruism, love for our fellow citizens.” It looks like to solve Singapore’s income inequality problem brought on by the cheap FT policy of Mr Lee’s administration, we now have to count on “compassion, empathy, altruism, love for our fellow citizens” to fix it for him. http://www.tremeritus.com/2012/11/10...by-gdp-growth/ Saw the line on "We cannot just measure our success by GDP growth" in CNA news on Sat morning.

12-11-2012, 02:21 PM	#73
dzylim Arofanatic Join Date: Jun 2005 Posts: 472	he so early prepare for 2016 liao. why not he lead the way? donate all his salary to the poor. for starters maybe can provide those who are really poor a proper meal a day. talk is cheap. anyone can do it.

12-11-2012, 05:57 PM	#74
globalcookie Dragon Join Date: Nov 2007 Posts: 1,446	He pre-ampt people for this year and next year GDP, so when we go into recession, he already told us, "cannot just measure THEM by GDP growth" All these years they measure THEIR salary and bonus by GDP... now say cannot measure by GDP... so what that means? They will find another yardstick for their bonus? Heads they win, tail they win too.

12-11-2012, 07:02 PM	#75
Humongous Guest Posts: n/a	we have a very flippant prime minister, where he flip flop and botched up the island nation... but please dont blame him... he was placed there as a dummy conductor to lead a """ World Class Orchestra""" by you know who... not lee kuan me but lee con you.....

12-11-2012, 07:43 PM	#76
hkh Arofanatic Join Date: Jun 2003 Posts: 113	Is Pnky going to apologise for not doing it right again like he did in the last GE.......

15-11-2012, 12:44 PM	#79
globalcookie Dragon Join Date: Nov 2007 Posts: 1,446	IF they keep their word, GST will not increase during this term. BUT if they don't, we know la... politicians are like salesman, will promise everything just go get the vote/sale.

15-11-2012, 12:45 PM	#80
dzylim Arofanatic Join Date: Jun 2005 Posts: 472	GST is something they will not raise before next election. this is a promise made by them. if they break this promise, its bye bye to them at 2016.

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