This is a continuation of the previous two posts:
The New Singapore Economy - Part I
The New Singapore Economy - Part II
I guess the one major issue with the paper's Rengeration Plan as it was called, was actually the sustainability of the various measures. Just to jot down a partial list of proposals:
1. Doubling the no. of schools and teachers
2. Doubling the no. of hospitals and medical professionals
3. Waiver of Govt fees and taxes such as GST for basic items etc
4. Reducing the cost of raising kids: free education, monthly allowance, more maternity and paternity benefits etc
The problem here is that both schools and hospitals do not make money. Hence the first two proposals increases the burden on the State. At the same time, the last two proposals take money away from the State by reducing its revenue, either with lesser tax and ...
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