[Economy] Has PAP failed the PEOPLE of Singapore? Lim Boon Heng says that money is more important than people in Singapore. Most productivity is from capital, people should just be paid peanuts like robots; the purpose of people is just to make capitalist happy and to make their money grow. Did I just read what Lim Boon Heng said? Then what about all the special talents that the PAP imported, how come they don't contribute to GDP as much or much more than capital does? Maybe workers are just being exploited by the capitalist in Singapore who pay workers peanuts and keep the profits to themselves, thus the share of GDP attributable to capital is so high in Singapore. Perhaps corporate taxes should be INCREASED and personal income taxes and GST decreased to promote more individual enterprise rather than open more MNC sweatshops in Singapore? Maybe labour laws need to be enhanced and workers allowed to form unions so that employers don't shortchange workers and end up that the GDP attributable to workers is thus abnormally small. Or is the education system in Singapore only directed towards sweatshop work, thus the low pay and low prospects of BOTH blue and white collar workers in Singapore? Shouldn't the highest rate of income tax for personal and corporates be the SAME so that business owners and professionals) don't use corporate income tax (which is lower than the top tier personal income tax) to evade income taxes by deliberately under paying themselves salary but being paid company dividends under a lower tax scale? Does the reduced labour contribution to GDP also reveal the size of this loophole? Is the foreign talents scheme by Singapore government just FAKE propaganda and just an excuse to bring in more cheap labor to feed the capitalist MNC investing vz Singapore? Why after more than 50yrs independence, Singapore is still a cheap prostitute to MNC across the world? Given the foreign talents influx boost, shouldn't the labor contribution to GDP be more than capital by now? Why aren't the Singapore home grown talents earning as much as or more than the capitalist are, instead of just prostituting to them instead? Does the labor vs capital contribution to GDP reveal a severe wealth divide such that the cost of rent is much too high (thus the capital earnings are so high, they amount to almost 60% GDP in total. What ways of spreading wealth more evenly has PAP applied? PAP has prostituted to, pampered and satisfied the capitalist very well. But PAP has failed the People of Singapore. https://www.straitstimes.com/opinion/getting-the-picture-right-on-wage-share-in-singapore
