TR EMERITUS

Yahoo poll that two major concerns were ministers' pay and cost of living. No mention of ministers' pay in the speech. As for cost of living, he is basically telling citizens that he will keep increasing the cost of living and leaving to citizens to manage own expectations and make changes. If you notice, he avoided mentioning... 

1)  Over priced 99 year old lease 2) CPF tax of 20% 3) Inflation meant to drive up currency calue so that Fts can make good $$$ 4) Ever increasing retirement age 5) Lack of freedom , choices and dictatorship rule and social mobility Please feel free to add to the list.   70% Fools      Read More →

I refer to the National Day Rally speech. It states that “wages have gone up. But there is a caveat – people are still feeling cost of living pressures, and that their earnings “never seem to be quite enough”” – about 1 in 4 resident workers earn less than $2,000 monthly (after the 20% employee CPF contribution)...