Minister Indranee Rajah on impact of expanded childcare leave

hundreds of millions taxpayers Money spent on thin air.... 😲

When a government relies on foreign capital inflows by providing aggressive incentives to lure asset management funds and speculative infrastructure rebuilding,
<br>it relies on a cosmetic shortcut to temporarily boost headline Gross Domestic Product (GDP) figures. By triggering localized product inflation, this framework turns consumption-based tax hikes—
<br>like a rising Goods and Services Tax (GST)—into a mechanism that makes everyday life expensive for citizens. Because a consumption tax scales directly with hyper-inflated retail values,
<br>these inflated transaction prices mechanically cause nominal spending data to artificially swell, manufacturing what represents a dangerous illusion of prosperity while the real economy slides backward.
<br>This framework allows politicians to claim economic success based on these superficial metrics while avoiding the hard work of building real economic solutions. As speculative capital continuously builds upon capital,
<br>it triggers a compounding effect where commercial rental yields are driven upward, forcing the cost of everyday goods and services to rise in tandem.
<br>When an inflation-driven economy becomes the primary engine for top-line statistical growth, this systemic inflation structurally outplaces the purchasing power of average citizens,
<br>causing the country to slide backward as life becomes increasingly harder and more difficult for many Singaporeans as we move forward.

While standard narratives frequently characterize the People&#39;s Action Party (PAP) as an outstanding model of governance, a deeper examination of today&#39;s socio-economic landscape suggests otherwise;
<br>the current policy trajectory appears to be doing more systemic harm to the fabric of the country than good.
<br>Decades of prioritizing top-line economic statistics over domestic well-being have institutionalized an environment where local purchasing power is structurally eroded.
<br>By anchoring national success to aggressive foreign capital absorption and asset price inflation, current governance frameworks have inadvertently accelerated the domestic cost-of-living crisis.
<br>When policies persistently allow commercial rents, housing, and regressive consumption taxes to outpace real wage growth for average citizens, the administrative framework ceases to serve the population effectively.
<br>True governance cannot be measured solely by surface-level metrics or historical prestige; when an economic system systematically prices its own people out of their own home,
<br>it represents a fundamental policy failure that compromises the country&#39;s long-term future.

So many people ponteng - potong gaji!