https://vt.tiktok.com/ZSCbm6rKA/
PM Lawrence Wong speech - recruiting young PAP.
https://vt.tiktok.com/ZSCq3FEda/
PM Lawrence Wong recruiting young PAP.
https://vt.tiktok.com/ZSCbHqax1/
AsiaOne - recruiting young PAP.
@Kennie GohSS:young graduates jobless how?
@mkgolf123:So long he is there our children will suffer
@Babe:Suffer what?
You suffering?
@Babe:@Babe:Singapore had 73,300 job vacancies as of March 2026, according to the Ministry of Manpower’s (MOM) latest Labour Market Report. This reflects a slight easing from 77,700 openings in December 2025, though demand for skilled labor, particularly in financial services, technology, and healthcare, remains strong.
Overall, there are 1.46 job vacancies for every unemployed person, pointing to a continued tight and resilient labor market.
@Babe:Babe:Yes, in economic terms, Singapore is effectively at full employment in 2026.
The Ministry of Manpower's Labour Market Report indicates that the overall unemployment rate remains low and stable at 2.1%, while resident and citizen unemployment rates sit at 2.9% and 3.1% respectively.
These figures reflect a classic "tight" labour market where job openings outnumber job seekers.
In macroeconomic theory, this indicates that the economy is operating near its full potential, where nearly everyone who wants to work and is actively seeking a job is able to find one.
@Babe:The median monthly income from work in Singapore is S$5,775 (inclusive of employer CPF contributions) or S$5,000 (excluding employer CPF), according to the Ministry of Manpower's Labour Force Report.
----
@Babe:Singapore's governance is recognized as the best in the world, consistently claiming the top spot in the Chandler Good Government Index (CGGI). The city-state is lauded for its long-term foresight, institutional strength, and financial stewardship. [1, 2]
Global benchmarks consistently validate Singapore's structural advantages:
Government Capability: Singapore ranked #1 overall in the CGGI. It leads globally across pillars like Leadership & Foresight, Strong Institutions, and Financial Stewardship. [1, 2]
Elite Governance: It also retained the top position in the Elite Quality Index (EQx), which measures how well national elites align private enterprise with the public interest. [1]
Digital & E-Government: Singapore regularly places among the global top three in the UN e-Government Survey for its advanced digital infrastructure and smart city development. [1]
Talent & Competitiveness: Top-tier governance contributes to the nation holding the #1 position in the Global Talent Competitiveness Index (GTCI). [1]
Singapore Tops Global Index for Elite Governance Yet Again, But AI Is Redrawing the Global Economic Order | SMU Newsroom
19 May 2025 — The EQx 2025 highlights include: * **Singapore** Retains its position at #1 in the EQx. Singapore's elites have demonstrated an ability to align private enterpr...
@Babe:The Young PAP must have the mettle to maintain the high governance standard of the current PAP.
----
@Babe:Babe:The city's unmatched "hub" concentration spans multiple distinct industries:
Maritime: Recognized as the World's Top Maritime Centre, it is the busiest transshipment hub and the largest bunkering port on earth. [1, 2, 3, 4]
Finance: Ranks 4th globally as a financial center (just behind New York, London, and Hong Kong) and is the 3rd-largest foreign exchange trading hub globally. [1, 2]
Aviation: Singapore Changi Airport is routinely celebrated as a premier global air hub, serving as the base for Singapore Airlines and connecting to hundreds of international cities. [1, 2]
Technology: Acts as a leading technology and AI hub in the Asia-Pacific region, attracting the regional headquarters for major tech companies. [1, 2]
Supply Chain: Home to regional supply chain and logistics hubs for the vast maj
@Babe:This is our success to date so far.
Young PAP must be able to leverage on these success and build bigger success going forward.
----
@Babe:@Babe:Singapore manages about SGD 6.1 trillion (approx. USD 4.5 trillion) in total fund and asset management assets.
In comparison, Hong Kong manages approximately HKD 35 trillion (about USD 4.5 trillion) in total asset and wealth management.
@Babe:Young PAP should continue build on our strength in financial management and make Singapore the eminent financial hub.
----
@Babe:Babe:Singapore is considered one of the most influential "middle powers" and global economic hubs, though the United States and China typically hold the top spots for raw geopolitical or military superpower status. However, Singapore routinely outpunches its weight globally across several key metrics and innovation indexes. [1, 2, 3, 4, 5]
The city-state is a disproportionately heavy hitter in global affairs, leading the world in a few distinct categories: [1, 2]
Travel Freedom: Singapore consistently ranks as having the world's most powerful passport, offering visa-free or visa-on-arrival access to over 192 global destinations. [1]
Economic & Business Influence: As one of Asia's premier financial hubs, it achieves stellar rankings for economic relationships and acts as a massive gateway for foreign direct investment. It also routinely ranks as a top global innovator due to its pro-business legal frameworks, tax policies, and high-tech infrastructure. [1, 2, 3, 4, 5]
Multilateralism: Singapore is a major force in championing the rules-based international order through platforms like the Forum of Small States (FOSS). [1]
Technological Capability: Singapore commands immense regional influence, boasting massive high-performance computing power, such as the Aspire 2B AI supercomputer, driving advancements in climate science, medicine, and AI. [1]
If you are interested, I can also break down:
How its influence compares to other regional powers like Japan or South Korea.
Specific sectors driving its technology and economic dominance. [1, 2]
Let me know what specific angle you’d like to explore next!
Singapore passport again ranked world’s most powerful
13 Jan 2026 — Table_title: Most and least powerful passports in 2026 Table_content: | Global rank | Country | Visa-free/Visa-on-arrival destinations | | --- | --- | --- | | 1...
The Straits Times
Singapore 2026: Official Rankings and Country Data - USNews.com
Overview of Singapore. Founded as a British trading colony in the 19th century, Singapore is a bustling metropolis in Southeast Asia and home to one of the worl...
U.S. News & World Report
Singapore tops global innovation ranking of over 70 c
@Babe:Singapore is one of the most influential "Middle Power" in the World.
Young PAP must continue to strengthen our foundation, value add to the world and make us even more useful in the World.
----
@Babe:@Babe:"Singapore regains top spot in competitiveness ranking; Asian economies put up strong showing.
Hong Kong came in second and Taiwan was fourth in IMD’s World Competitiveness Rankings this year."
@Babe:The current PAP has consistently make Singapore the most competitive economy in the world.
Young PAP must be able to take over the baton and hold out the torch well - to consistently maintain Singapore as the most competitive Nation in the world.
----
@Babe:@Babe:Singapore consistently ranks as one of the richest countries in the world in terms of GDP per capita based on Purchasing Power Parity (PPP). It routinely holds one of the top spots globally (often vying for the #1 or #2 position with Luxembourg and Ireland), with its PPP-adjusted per capita GDP reaching roughly $150,000 to $170,000.
@Babe:This is the highest standard of living in the world.
Young PAP must continue to work in it and improve our GDP per Capita PPP.
----
@Babe:Singapore retains Best Global Seaport title at Asian awards.
@Babe:新加坡在亚洲颁奖典礼上蝉联“全球最佳海港”称号。
@Babe:Time and again, Singapore has achieved the best seaport and airport in the world.
Young PAP has a tall order to ensure we continue to be the best seaport and airport in the world when being handed over the torch.
----
@Babe:Babe:Singapore is the largest investor in China, Indonesia, and one of the largest investor in Malaysia, Vietnam, plus many other countries.
If Singapore is not doing well as what this analyst say, why Singapore can be the largest investor in so many countries?
@Babe:
1 Mainland China$228.3 billion
2 India$122.6 billion
3 United Kingdom$109.8 billion
4 Indonesia$104.3 billion
5 Netherlands$103.3 billion
6 Luxembourg$96.8 billion
7 Hong Kong SAR$91.3 billion
8 Cayman Islands$87.4 billion
9 Australia$81.6 billion
10 Malaysia$75.6 billion
@Babe:Singapore though is a little red dot - is the largest investor in many countries.
Our young PAP must do better and improve on it.
----
@Babe:As the Iran conflict disrupts traditional Middle Eastern strongholds, Singapore has emerged as a crucial safe haven and operational hub across multiple sectors, capitalizing on its political neutrality, secure business ecosystem, and robust financial infrastructure. [1, 2]
The widening conflict has caused significant ripples across several specific domains: [1]
Financial and Wealth Hub: Global investors and high-net-worth families are actively relocating and parking capital—moving away from Gulf centers like Dubai—to shelter in the strength of the Singapore Dollar and the security of local banks. Local financial heavyweights have recorded massive inflows; for instance, DBS alone absorbed an influx of SG$39 billion, with OCBC and UOB also seeing billions in new client assets. [1, 2, 3]
Aviation and Transit Hub: With airspace over parts of the Middle East severely compromised or closed, Changi Airport has absorbed a massive surge in transit traffic. Carriers like Singapore Airlines (SIA) have capitalized heavily on this by launching hundreds of additional flights to European cities, solidifying Singapore as the premier intercontinental connecting gateway. [1, 2]
Global Commodities and Bunkering: While rising fuel price volatility has caused ship operators to buy more conservatively, Singapore's dominance has strengthened relative to the Middle Eastern bunkering hub of Fujairah, which has seen severe volume declines. Furthermore, major commodity and oil traders headquartered in the Republic have logged record earnings from the supply-chain shifts. [1, 2, 3]
Business and MICE Events: International organizers are increasingly routing corporate meetings, conventions, and business events to the city-state. Singapore’s political stability and safety make it the preferred destination for regional headquarters and events when traditional Middle Eastern alternatives face geopolitical friction. [1, 2]
More ships arrive in Singapore as Iran conflict disrupts Middle East ...
@Babe:Despite the Middle East energy crisis, Singapore is holding up well.
Young PAP must learn the resiliency of the current PAP and continuously, conscientiously further strengthen our resiliency amidst the increasingly volatile geopolitical disruptions.
----
@Babe:Babe:The Global Human-to-Robot Ratios (Robot Density).
The International Federation of Robotics (IFR) tracks this automation metric as "robot density" (the number of operational robots per 10,000 manufacturing employees).
Rank Country Robots per 10,000 Workers
1. South Korea 1,220
2. Singapore 818
3. Germany 449
4. Japan 446
5. China 166 (National Statistic Basis) / Up to 470 in manufacturing hubs
@Babe:Singapore has the 2nd highest industrial robots density in the world.
Young PAP must continue to hold the torch to ensure Singapore remain the most automated and robot enabled economy in the world.
----
@Babe:
====
https://vt.tiktok.com/ZSC2cFTDV/
Singapore set no limit for oil supply - whereas the whole world hoard their oil reserves - because Singapore has emerged as nexus, the hub of global trade.
====
https://vt.tiktok.com/ZSCx5AKkv/
Singapore has become the critical nexus and gateway of China as revealed by the Middle East war crisis.
https://vt.tiktok.com/ZSCbQ2SHx/
China most important gateway is Singapore.
====
@Babe:Singapore has been touted as the most critical gateway in trade and business - between the East and the West.
Young PAP must be able to maintain the stature of such gateway and improve on it.
----
@Babe:Singapore is a little red dot.
But it is shiny one in Global Stage.
Young PAP must be of the mettle to take over from the current PAP - to hold our flag of success high and fly.
====
@Babe:Singapore’s ranking in the top 3 globally for Artificial Intelligence is a well-documented consensus across major tech indices. The city-state consistently secures top positions due to its progressive government policies, massive tech investments, rapid enterprise adoption, and a highly skilled workforce.
Key Rankings and Recognitions
Singapore's leading status is backed by multiple authoritative global reports:
Top Global AI City: Ranked #1 globally in Counterpoint Research's Global AI Cities Index, recognizing its mature AI ecosystem, talent pool, and infrastructure.
Global AI Financial Hub: Placed #3 globally (behind New York and San Francisco) in the DBS Global AI Financial Hub Index. This highlights Singapore's strength in balancing reliable AI governance with deep institutional adoption.
AI Diffusion and Talent: Ranked #2 globally on Microsoft's AI Diffusion Index. It is also placed first internationally in AI Maturity, according to skill-level and research trends reported by Coursera.
@Babe:Singapore rank 3rd in Global AI after US and China.
Young PAP being tech savvy must uphold our tech prowess despite a tiny red dot and hold Singapore competitive.
----
@Babe:@Babe:Several ASEAN countries are adopting and collaborating with Singapore to develop and adapt the SEA-LION (Southeast Asian Languages in One Network) Large Language Model.
While the foundational model development is anchored by AI Singapore (AISG), other ASEAN nations and organizations are participating in the following ways:
Enterprise Adoption: Companies across the region are using SEA-LION as a base to build their own AI systems. For instance, Indonesia's GoTo Group (Tokopedia) uses it to save on the high costs of training models from scratch.
Joint Fine-Tuning: Research institutions like Thailand's Vidyasirimedhi Institute of Science and Technology (VISTEC) have collaborated with AISG to fine-tune regional variants, such as WangchanLion for Thai language contexts.
Data Partnerships: Singapore has partnered with regional research initiatives like SEACrowd to source high-quality, culturally nuanced data (e.g., Thai and Indonesian slang) from across the region.
SEA-LION currently supports 13 regional languages—including Malay, Indonesian, Thai, Vietnamese, Lao, and Burmese—making it an inclusive AI tool for Southeast Asian enterprises.
@Babe:A few ASEAN countries - business and organisations across ASEAN are riding on Singapore developed SEA-LION LLM to develop their business Agent AI in their native language.
Young PAP must have visions and far sightedness to become the 1st mover to inspire projects and collaborate with partners to spur economic growth.
====
@Babe:PM Lawrence Wong is speaking in a Country that is touted as the best governed in the World - as per consistently ranking top spot in the Chandler Good Government Index (CGGI).
Hence it is a tall order for Young PAP to step up - and prove you can step into the big shoes - that our 4 Generation PAP leadership has led Singapore to be the best in the World.
A truly shiny red dot indeed - to shine consistently in the World Stage.
@Babe:If WP or other opposition parties cannot achieve such outcomes for Singapore - stop dreaming of governing Singapore and make way for PAP.
====
@user9449315682676:U meant Retiring. We need local Youngsters to Reproduce more, else SG will Parish into History. So wat we r Brilliant but No Odd Spring or our Off Spring will be Suffering more then us. U want to see ur Children & Grand Children get discriminated & Bullied in our own Country. Bcos we don’t have the Quantity, depend of Foreigners? Of Course, they r more willing to come. Pls see in long term
@Babe:Since when our local youngsters get bullied?
Our local youngsters are getting very good pay jobs with good career progression.
@Babe:1. The hard figures - median salary are real figures.
2. The employment figures - are real figures.
I am not sure on what basis you conclude that our local youth are being bullied or discriminated.
====
@user9449315682676:95% of ur comment is about Problems. The Mother of All Evil (USA) had violated the Peace & Cease Fire Treaty just 2 days after Signed. Stop talking about something that is beyond us. Now we need honest local to bring back money to SG if the Business Vemture o Africa, Russia & Timor. May be more successful that China. We will take the small Pie.
@Babe:I think you have problem with your English.
you can't understand the message in the text.
tell someone to interpret the text for you again.
@Babe:You even fail to understand the economic position Singapore has successfully secured arising from the energy crisis.
====
@user9449315682676:So u know who running Temasek now?
@Babe:So strange, financial hub not run by banks and financial sectors?
What is this got to do with Temasek?
Your understanding of macroeconomics is very lacking but try to act smart.
@Babe:Do you know that MAS is responsible for overseeing the financial hub and not Temasek?
Do you even know the functions of a Central Bank?
I wonder whether do you even have grounding in economics?
Pse do intelligent discussion, else you make a fool of yourself.
@Babe:In case you don't understand what policy are related to financial hub, it is called monetary policy.
====
@user9449315682676:Uncle, u talk like PM LW. Young PAP, Young PAP. U attend PAP Conference right? Old PAP….LOL
@Babe:Young PAP must talk sense right?
If cannot hold intelligent discussion, then be prepared to get challenge.
Singapore future cannot be left to incompetent people.
@Babe:Young PAP Academy is not for social networking talk nonsense sessions.
It is to recruit, identify, and trained future leaders to helm the torch passed down by previous and current PAP leadership.
If Young PAP does not have the mettle to equal or perform better than previous or current leadership - then Young PAP Academy is not for you.
Singapore future must be handed over to good hands.
Not incompetent yo-yo.
====
====
@user4032174459878:Is for Singaporean or foreigner
Next we believe and respect the old guards they believe in ensuring the locals are taken care of but the current party only believes in money .We need two parties in Singapore.
@im_single_follow_me:If the competition is not within Singapore, then why fix the alternative parties at all cost? You said you want different ideas. Opposition gave their ideas, pappies always thumb them down initially. Later you shamelessly adopt them and take credit
@Babe:@Babe:Let us examine all the flaws of WP alternative policies and why WP is not right party to govern Singapore.
Most good and pragmatic Economists come to the conclusion that WP many economic policies don't work and can bring Singapore down.
----
@Babe:Flaws with WP alternative policies in Parliament :
1. Propose land sales to finance recurrent fiscal budget - soon no more lands for younger generations as Singapore is a little red dot.
@Babe:
2. Use more nirc 60% - no GST hikes.
Equivalent to raiding our reserves & leaving less reserves for our younger generations.
@Babe:
4. Advocate Minimum wages without productivity growth. Singapore labour force lose competitiveness to other countries.
PAP advocate PWM - step increase in wages with productivity growth.
@Babe:5. Advocate Retrenchment insurance.
Retrenched workers no incentive to rejoin workforce.
PAP provide job support fund + training + job placement.
@Babe:@Babe:Workers' Party, that criticized high fuel taxes and introduced carbon taxation during economic hardships.
Government Stance: Acting Transport Minister Jeffrey Siow stated that reducing fuel duties is a "too blunt" and regressive approach. The government prefers to let fuel prices reflect market realities to prevent inefficient energy use.
Alternative Support: The government focuses on targeted relief, including $200 in cash for platform workers (covering taxi/PHV drivers) and additional $200 special payments, rather than broad tax cuts.
Context: These discussions come as global fuel prices remain elevated, leading to concerns about the overall cost of living.
[07/05, 6:47 pm] Close friend comments: How to subsidize diesel as per their suggestion. Throwing money into fire.
[07/05, 6:48 pm] ☸️ Danny 心: Exactly.
That's why I keep rebutting them. Including an economist TikTok video who support our government stand. I also help to explain why cannot subsidies fuel and diesel in the comments section - targeted by oppies attacking the economist to justify removing fuel tax.
They will sink Singapore finances.
[07/05, 6:54 pm] ☸️ Danny 心: These people don't have economic grounding and strategic depth - but yet insisting on making such dangerous suggestions.
Fuel tax though fixed including GST in total are percentage of fuel prices - and removing it will create a big lobang in our fiscal budget.
The rest of the taxpayers are financing this small group of people which will be a black hole as fuel & diesel prices keep escalating.
Subsidise tax or fuel tax removal will lead people to use more, rent out their vehicles after office hours for leisure or other frivolous purpose, keep refueling and then store it in containers etc - while the rest of taxpayers keep using tax money to compensate them.
This is what happens to Malaysia and Indonesia as well as other countries that subsidise fuel/diesel or remove fuel/diesel tax.
End up the countries financial coffer go into red, need to ration fuel/diesel and finally their fuel/diesel reserves run dry.
Diesel is also used to complement LNG as fuel to generate electricity.
The whole economy and transport stop functioning.
@Babe:@Babe:Opposition parties, such as The Workers' Party (WP), have called for greater transparency from GIC, particularly regarding its total assets, performance figures, and the specific valuation of its unlisted assets, arguing that Singapore's sovereign wealth funds are falling short of transparency standards compared to other nations and that the lack of detail raises questions. While GIC discloses its policy portfolio and some performance data, the WP and others have specifically requested more detailed public disclosure of its total assets, arguing it does not share annual performance figures and that hiding performance figures is not sensible, according to The Workers’ Party.
Sovereign wealth funds’ transparency—by Chua Kheng Wee Louis
Delivered in Parliament on
28 February 2025
https://share.google/QOD16Q4Ipwwt2WY0S
----
1. I take very strong stand against WP in Parliament and some opposition parties position to force our Government to be transparent and reveal GIC financial statement.
2. We need to keep our financial positions secret and not to reveal to the outside world because there will be crocodile out there in the world that can launch speculative attacks on Singapore finances, lead our nation wealth to plummet, including yours and mine (denominated in S$) or even bankrupt our reserves.
3. Because our sovereign reserves is to protect Singapore wealth, you and my wealth - not to subject to speculative attack by any hostile foreign actors.
4. Hence WP position and some opposition parties position in revealing our reserves and GIC assets - are in fact harming Singapore, as well as your wealth and my wealth.
5. WP and the opposition parties are assisting hostile state actors to attack us by pressing our government to reveal our financial reserves leaving us vulnerable to financial attack.
6. We must not be gullible and fool by WP that will harm all of us.
7. Imagine your wealth and my wealth suddenly cut by 1/2 in values after hostile actors successfully launch a financial attack on us aided by our oppositions and hostile actors earn 1/2 of our wealth thanks to our oppositions?
@Babe:6. Advocate Nationalisation of public transport.
This will drain taxpayers money, inefficiency, no market discipline, cannot bid overseas project to earn revenue.
After Note (about Nationalisation, what is the impact):-
Assume what WP and the oppositions say, let us revert back to Nationalisation – by converting all GLCs (that provide public goods and services) to State-Run Enterprises, what will be the implications :-
Funding – how and where to get the money to buy out all the public shares in the Singapore Stock Exchange eg. Singtel, PSA Corp, NCS, ST Engineering, Keppel Corp, Smrt , Comfort Delgro, DBS, Sembcorp, SIA, SIA Engineering, Scoots etc ?
a. Liquidate half of Temasek Holdings GLCs' assets to pay shareholders holding all these GLCs shares and delist from the Singapore Stock Exchange (about $200 billion). What will be the implications:-
SES (Singapore Stock Exchange) portfolio diminished drastically – and can no longer function as a stock exchange as the market capitalisation heavily front by GLCs. SES paralysed and could become dysfunctional as the remaining shares are SMEs or smaller values in capitalisation.
Temasek Holdings' asset values as Sovereign Fund cut by half – and the NIRC and the profit earned will be greatly reduced. Hence the half of NIRC contributing to the fiscal budget will be greatly reduced – means more taxes in the form of GST, personal income tax, corporate tax etc will be needed. We as a taxpayer will have to pay more taxes – don't know how many percentage more taxes that we need to pay to make up for the lost government revenue earned from the NIRC.
@Babe:@Babe:b. If financing the Nationalisation of all the GLCs are not to be funded by the liquidation of Temasek Holdings, then Government will have to make use of taxpayers money to “Nationalise” the GLCs – assume Government need to collect additional $200 billion more taxes to do that. Now with GST, personal income tax, corporate tax, NIRC, other taxes – we collect about $100 billion to finance our yearly government spendings. To finance another $200 billion to “nationalise” the GLCs, taxpayers got to pay 200% more in terms of GST, personal income tax, corporate tax, NIRC, other taxes etc for the government to collect $200 billion more --- are taxpayers willing to pay 200% more taxes? Not to mention getting CDC vouchers, GST vouchers etc ---- taxpayers will have to pay much more taxes to “Nationalise the public goods and services” with no more CDC or GST vouchers.
c. The impact to our structure of our Economy and GDP is huge – we immediately drop from a very rich country to become a 3rd world country – from 2025 back to 1990s or 1970s – this is the impact of mismanaging our Economy if WP and the oppositions play their cards to push for Nationalisation of our public goods and services.
d. In addition, all our GLCs without subjecting to market forces and market competition will fall into inefficiency – because it cannot benchmark to market competitive pricing – as these State-Run Enterprises (SOEs) will keep putting out their hands to the Government for funds year after year. How do the various Ministers determine if the funds requested by the SOEs are reasonable if there are no market competition and benchmark? Where do the Ministers get the fund from short of taxing taxpayers to pay them?
e. GLCs if nationalise cannot tender and compete for business in overseas market – whereby currently, most if not all our GLCs gain very huge revenue and profits from overseas business because Singapore domestic market is very small unlike overseas world market - then we are losing billions and billions of $ in foreign earnings.
Only North Korea are using SOEs to run public goods. Many current and previous communist countries such as China, Russia, Vietnam, East European countries.
@Babe:Babe:Only North Korea are using SOEs to run public goods. Many current and previous communist countries such as China, Russia, Vietnam, East European countries have long discarded Nationalisation and convert to Privatisation or GLCs (Government Linked Companies) operate in a market economy precisely the negative impact of a SOEs.
Now our oppositions, WP want to revert back to Nationalisation of our public goods and services started with SMRT?
Are we dooming ourselves to place our trust with the oppositions and WP?
I am surprise that WP has an Economist, Jamus Lim that work with international economic bodies – but fail to understand this very basic fundamental principles of macroeconomics – free market economy.
@Babe:@Babe:[16/10, 11:00 am] ☸️ Danny 心: Inheritance tax and capital tax are the main drivers that chase away millionaires from the country.
WP Jamus Lim say taxes on the rich is not the main motivator that chase away rich individuals and business when he debate the GST tax.
He is always wrong economically.
[16/10, 11:06 am] ☸️ Danny 心: If millionaires migrated, they will stop creating business and jobs. And many Singaporeans will lose their jobs. Economic growth will be dampened.
In addition when that happens, the tax burden fully falls on the middle income and the lower income groups.
This means an even higher GST tax will need to be levied for the loss of tax income - and no GST vouchers will be issue to these 2 groups as the GST tax collection can barely cover other government expenditures with lesser leftover for GST vouchers and CDC vouchers.
----
[13/11, 11:15 am] ☸️ Danny 心: "Singapore ranked third top destination for world’s wealthy: Savills".
After Dubai, New York.
HK and Abu Dhabi 4th and 5th.
https://www.edgeprop.sg/property-news/singapore-ranked-third-top-destination-world%E2%80%99s-wealthy-savills#:~:text=Advertisement-,Singapore%20ranked%20third%20top%20destination%20for%20world%E2%80%99s%20wealthy%3A%20Savills,-By%20Atiqah%20Mokhtar
[13/11, 11:18 am] ☸️ Danny 心: Singapore also ranked among the top locations for legacy, given its absence of inheritance, capital gains and wealth taxes.
@Babe:@Babe:WP Kenneth Tiong suggest paying NSF $1,800 a month as minimum wages like regular pay.
@Babe:1. WP Kenneth Tiong want Government to pay the minimum salary to NS man $1,800 - which is essentially transforming our conscription into regular army with regular pay.
2. No small countries can afford a regular army of strength 300,000 servicemen = 300,000 x $1,800 x 12 months = a whopping $6.48 billion every year just to pay the NS.
3. This will take out a big chunk of the SAF budget to buy weapons, maintain weapons, do R&D, keep all the 4 services function effectively, training, overseas exercise, maintain overseas bases etc - to ensure Singapore has an effective SAF fighting forces.
4. In other words, this opposition MP suggestion - will have make our SAF less effective in ensuring a effective fighting force with less effective weapons, less budget for training, reduce training hours, maintain weapons to become operational, less flying hours etc to defend our Countries.
It pose an existential threat to Singapore.
5. As MP, does he have strategic depth when making suggestion in Parliament - without resorting to populist policy just to woo votes - but pose a great threat to the Country?
@Babe:---
1. NS men unlike other jobs - are given full time accomodation to live in barracks (Mon - Fri) except weekends when they book out - they don't need to pay rent, house loans etc.
2. NS men are given 4 meals everyday (commercial caterers) - breakfast, lunch, dinner, night snacks.
3. NS men are given full clothings, footwear, bags etc - no need to buy clothes, running shoes, T-shirts, short pants, full packs, ali-baba bags etc
4. NS men don't need to pay electricity, water for bathing, charging handphone to surf internet etc.
5. NS men only pay public transport during book out time and book in time.
6. If sick, see doctors (MO - Medical Officers) are free.
7. Half of the expenses are taken care off by the SAF - hence cannot justify the needs for a minimum wages of $1,800 a month.
Workers outside don't have such special privileges, perks and services - that will have easily cover more than half of the $1,800 if a worker with minimum is on their own.
8. DId this WP MP take into account of this - and include in his calculation when making comments in Parliament?
9. Besides, performing National Service is a sacred duty that is a responsibilities of all male Singaporeans - without the Country, we have no home, no peace, no prosperity, and we cannot protect our loved ones.
Does WP MP reflect on this?
@Babe:Do you know why many countries cannot afford a regular standing Army to defend their countries?
Because it is too expensive and will burn a big hole in their defense budget, albeit their fiscal budget - and leave with very little to finance their social and economic needs.
That's why countries have to turn to conscription by paying allowance.
Else our soldiers will have to use their salaries to fight advanced weapons thrown by enemies without effective weapons to counter them.
This is simple math.
Why doesn't this WP MP cannot see this and instead focus in winning votes while putting our NS boys at risk?
@Babe:Throughout all his Parliament speeches, Kenneth Tiong is all about how to dig more and more into the fiscal budget to pay more for this and more for that.
I have not come across making constructive suggestions how to bring in more money for Singapore.
He think Singapore money fall from the sky.
@Babe:He will bankrupt Singapore coffer very quickly.
@Babe:Please enlighten Singaporeans.
Which alternative policies from WP do you think is worth implementing without bringing Singapore down?
@Babe:
====
To summarise, WP have governance deficiencies in the following areas:-
1. Economic engineering deficiency.
2. Social engineering deficiency - misplaced compassion.
3. Financial engineering deficiency.
4. Tax engineering deficiency.
5. Technology engineering deficiency.
6. Political engineering deficiency - adopting populist policies to gain votes instead of holistically and objectively solving difficult issues that impact the Nation.
How to let WP alternative policies take root?
@Babe:Singapore hard earned economic miracle will cease to exist and fail if WP alternative policies is to take root and govern Singapore.
@Babe:Only 1 word to summarise WP alternative policies.
"Disastrous" !
Cannot stand up to scrutiny.
====
@Babe:
https://vt.tiktok.com/ZSC9nBv9g/
WP alternative policies - it will come a time when people expect more out of WP that is pragmatic and fiscally sound.
Else people start to lose interest.
@Babe:@Babe:WP has no or little clue about AI in this era of AI driven economy as evidence of debate in the Parliament.
If WP is to run Singapore - we will be dead !
@Babe:WP as an opposition MPs come about for the sake of opposition in the name of democracy - nothing more they can offer in alternative policies in Parliament which are practically not workable.
@Babe:
If PAP lead - Singapore will fly.
If WP lead - Singapore will die.
@Babe:
PAP is World class. In fact, Champion of the World Class in many domains.
WP and other opposition parties are kampung class.
Don't let the opposition cheapen Singapore and downgrade Singapore potentials and achievement in the World Stage.
@Babe:
So Young PAP, if you think you can be World Class, join the Young PAP.
It you think you can be Champion of the World Class, please step forward.
Young PAP will train you up as future leaders.
====
https://vt.tiktok.com/ZSCpWS7g5/
A youth comments on PM Lawrence Wong Young PAP.
AI steal white-collar jobs.
@Babe:
1. AI don't remove graduate entry jobs.
2. AI redefine graduate jobs - its job requirements, skillsets, descriptions, scope and depth to be in line with AI complemented entry jobs.
3. The basic skillsets of each trade from Universities and Polytechnics will still be essential. But to secure a job, graduates must be complemented by AI-driven output.
Solely relying on individual skillsets without AI - will be deem unproductive to the organisation and not able to land a job. Because through the help of AI, fresh graduates can produce a large output at a faster pace - compare to a fresh graduate coding from scratch.
Solely relying on AI to produce output - without Human oversight, value-add and QC provided by graduates train in the respective trade and skillsets will also not be employed by the business - because output produced solely by AI could be error-prone due to hallucination, insufficient layering of prompt to produce the optimal output and lack QC to spot subtle mistakes that could have been spotted by a trade-trained graduate.
@Babe:
1. AI trajectory that disrupt jobs is no different from the advent of Internet, digital economy, eCommerce that disrupt pre-computer era jobs.
2. Before the advent of computers, typist are trained to type from a typewriter. This skillsets will be the job description and skillsets expected from a fresh graduate.
3. With the advent of computers and Internet, the job description and skillsets expected from a fresh graduate are changed - and will be redefined to encompass:-
a. Ability to type from a keyboard
b Able to boot up a computer from an Operating System and operate the OS.
c. Able to launch browser to access Internet and perform Web data entry, commit digital transation and print computer output.
4. This is no different from AI era - whereby fresh graduates of Computer science for example, in addition to be able to do programming, coding, system analysis, database design, prepare test cases etc - must be able to do AI prompt, build layers of AI prompt to perform vibe coding, generate test cases, etc --- and fresh graduates then will have to do QC check of codes generated by AI vibe coding, check output of test cases, do system integration etc.
The job requirement, skillsets, job descriptions has been expanded to include AI-driven prompt, vibe coding etc - in addition to the basic skillsets of programming, coding, system analysis, database design, prepare test cases etc --- where the hybrid skillsets will greatly improve the value-add and quality of the fresh graduates (as compared to fresh graduates untrained in AI or a novice IT guy without deep knowledge in computer science).
That means fresh graduates in this hybrid AI-complemented computer science graduates - can demand higher salaries than its peer without AI-knowledge.
5. So the current youth who are AI-trained in their respective faculties is not worst off - but better off.
6. And I speak with authentic experience from employed fresh graduate who are AI-trained. They fetch higher salaries, promote faster, and take on more senior posts within a shorter time frame - due to their improve productivity complemented by AI.
====
