The Magic PAP Cut Down Plan On Singaporeans Began in 1984
Finally, when did this all began?
So far, we’ve heard a lot about 1994. But this isn’t where the root of the evil started. It all started in 1984. 1994 was only when they embarked on the first expansion of the plan. 1984 was when they had planted the seed for their plan.
Back in 1984, when Goh Chok Tong had introduced the Medisave scheme, honourable late-PAP steward Toh Chin Chye had called out his bluff by revealing that the Medisave is “a recessive tax for the simple reason that those who are at the lower income level, because their CPF contributions are lower, will have to pay the full amount, whereas those with higher incomes do not pay the full percentage of their income towards the CPF because there is a ceiling.” He had called out the Medisave scheme to be “a very short-sighted myopic view”.
Mr Toh Chin Chye had also said that, “I totally disagree with the approach of Medisave” because he said, “The first responsibility of the Minister for Health is to ensure the availability of health care services. That is his first responsibility, that he must go round and nag at the Minister for Finance for the money. But he is taking on the job of the Minister for Finance” and making Singaporeans pay more for healthcare by a newly-invented scheme of the Medisave, instead of reallocate existing taxes to fund healthcare.
Mr Toh Chin Chye also said that, “No firm can afford to have two parallel medical welfare schemes.” In short, Mr Toh understood that in 1983, the PAP was already plotting a scheme to make Singaporeans double-pay for essential services such as healthcare and objected to such an insidious plan to make money off Singaporeans (Chart 112).
He lost the debate and the PAP pushed through with the Medisave (Chart 113).
After Medisave was pushed through and implemented, the PAP pushed down what the government should spend for healthcare from more than 40% to only 30% and they forced Singaporeans to pay using Medisave (Chart 114). Meanwhile, as Mr Toh Chin Chye rightfully predicted, the PAP then made Singaporeans pay both into taxes and into Medisave, thus double-charging us to use healthcare services in Singapore.
Not only did the PAP push down what the government should pay for Singaporeans, it also forced Singaporeans to pay more for healthcare (Chart 115).
Ever since then, the PAP is willing to pay only 30% to subsidise healthcare for Singaporeans, making it the worse government among the high-income countries by spending the lowest for healthcare (Chart 116). Other countries with a similar GDP per capita on health would spend 80% to 85% on health for their citizens or almost 3 times more than Singapore would.
That was 1984. In 1994, the PAP then launched a massive attack by reducing the wage share of Singaporeans, increasing the income share of the rich and increasing their own salaries by paying themselves millions, then increased our CPF contributions and spiked down the returns to our CPF, and then allowing the CPF to be used to purchase resale flats, which allowed prices to be driven up and further undercutting our CPF with the CPF-HDB extraction scheme. In 1996, they introduced executive condominiums to increase the prices of flats and spiked up the increase in the CPF Minimum Sum to further entrap the CPF for their own use (Chart 117).
10 years later, in 2004, after a stabilised period of the non-resident employment workforce, the PAP expanded on this plan and increased the non-resident employment to feed on their scheme, as they needed to replace the lost consumer spending that they had beaten out of Singaporeans, and to bring in more cheap labour to churn out more production and wealth for themselves (Chart 118). In truth, productivity never mattered. All they need was cheap labour and enough millionaires and billionaires to soak up the demand.
As mentioned, the PAP has also monopolised essential services in Singapore and can unilaterally increase the prices of these to earn profits from Singaporeans. Another thing happened in 2004 – in 2004, the profits of Singtel shot up from about $2 billion to $6 billion and has maintained at that level ever since (Chart 119).
It was also in 2004 when Lee Hsien Loong became Prime Minister and the salary of the Prime Minister jumped by leaps and bounds (Chart 120). Since no one stopped them in 1994, why not be more brazened and go even further?
Now, do you see another turning point – 2004 is another turning point when the PAP started cutting down on Singaporeans further, when Lee Hsien Loong became Prime Minister.
In 1974, Temasek Holdings was set up. Then, the “Singapore Airlines was formed in 1967 (and) …The national shipping line, Neptune Orient Lines, was formed in 1968… These companies became government linked companies (GLC). The government’s stakes in these companies were originally held directly by the Ministry of Finance.” Thereafter, “the Ministry of Finance established Temasek Holdings in 1974 to manage these assets.”
Later on, on 22 May 1981, the Government of Singapore Investment Corporation (GIC) was set up (Chart 121).
Whether or not Temasek Holdings was set up in 1974 as part of this insidious scheme is a valid question. But to its credit, the first generation PAP politicians had allowed Singaporeans to earn higher wages and higher interests on their CPF, reduced the income inequality ever so slightly by the late-1970s, even as personal consumption was on a downward spiral. They had also maintained the share of income among the rich and did not allow it to spike. To their credit, the first-generation PAP politicians had taken care of and protected Singaporeans. They also did not take advantage of Singaporeans, just so that they could get ahead.
However, in 1984, the Medisave scheme was created and planted the seeds of to undercut Singaporeans. In 1984, they had also wanted to increase the retirement age but since they were unsuccessful, they created the CPF Minimum Sum to trap Singaporeans’ retirement funds, to force Singaporeans into working longer.
In 1994, the plot was expanded.
And in 2004, the plan was further expanded via the influx of cheap labour and by pushing up prices to earn profits for themselves, and then topping up their own salaries even further.
Since 1974, this Ponzi scheme had gone through ten-year interval updates.
This year, 2014, is the next pivotal point in the next strategic move of their plan. We might expect be expecting something big this year.
Last year, they had announced the Population White Paper. 2014 might be the year of the reduction and long-term eradication of the Singaporean to further entrench their plan (Chart 122).
So here’s how the Magic PAP Entrapment Plan works:
- Calibrate to pay Singaporeans only 42% of GDP to their wages.
- Cut out nearly 40% to force them to pay into the CPF.
- Monopolise essential services and unilaterally decide to push up prices.
- Calibrate increase in prices to force Singaporeans to pay out the rest of the 60% of their wages to pay for essential services.
- Decide to cut down further on 30% of Singaporeans to force them into (over)-reliance.
- For the poorest 30% of Singaporeans, cut down on their wages to force them into chronic debt.
- Force them to also pay 40% into CPF and 60% for essential services.
- But force them to also have to spend 5% to 51% more of their wages on basic essentials.
- Create schemes and increase prices to make Singaporeans double-pay on essential services.
- Use this double-paying mechanism to pay off a small part of the debt of poor Singaporeans. The rest goes into profits.
- Even then, the PAP only spends 2% of GDP on social assistance, which is the lowest among the developed countries.
- For CPF, force Singaporeans to pay the highest contribution rates in the world into CPF.
- Force Singaporeans to accept the possibly the lowest interest rates in the world.
- Take away Singaporeans’ CPF to invest in Temasek Holdings and GIC and earn 16% and 6.5% interest.
- Return only 2.5% to 4% to Singaporeans. The rest that is not returned is implicit tax that the PAP makes Singaporeans pay.
- Ask Singaporeans to use CPF to buy HDB flats, so that the PAP can extract their CPF out.
- Force Singaporeans to pay another 2.5% accrued interest on the CPF that is taken out for the mortgage.
- Allow Singaporeans to use CPF to buy resale flats and build executive condominiums to drive up prices of HDB flats.
- Extract even more of Singaporeans’ CPF out with increased HDB prices.
- Put in a CPF Minimum Sum so that after the extraction for the HDB mortgage and CPF interest, whatever is left in the CPF is trapped in the CPF Minimum Sum.
- (They have calculated how much to force you to pay out of CPF, how much interest to pay you, so that they would know how much you would be accumulate in the CPF. Then, with that, they have also calculated how much to charge for the HDB flat and how much the CPF Minimum Sum should be, so that they can then take your CPF back.)
- Force Singaporeans to take on further debt to fund purchases, such that household debt has increased to 77.2% of household income.
- Borrow Singaporeans’ CPF and force Singaporeans into a national debt of $404 billion or 115% of GDP.
- As this debt is owned by Singaporeans and have to be paid back by Singaporeans, Singaporeans have to pay back another debt of 115% of GDP.
- In total, force Singaporeans to go into a debt of more than 300% of GDP. If all Singaporeans use half of their wages to pay back the debt, it would take nearly 20 years to finish paying this debt.
- When Singaporeans want to retire at 65, we are forced to work for another 20 years to pay off this debt, then die.
The Perfect Plan for the perfect entrapment of the people. Welcome to the PAP’s insidious scheme to cut down on Singaporeans.
So, there you have it – the Stab-You-In-The-Back Plan of the Wage-CPF-HDB Holy Trinity, the Double-Paying Trickery, the Triple Debt Lock-In Mechanism and the CPF-Debt-Labour Bondage final trick in the book.
This plan is a long way in the making – at least for 30 years now (and possibly even 50 years from 1963). So, what are you going to do about it (Chart 129)?
Sit down, keep quiet and wait for them to stab further knives into your back?
I have been trying to read up as much as I can over the past 2 years to learn more about what I can, so that I can keep knowing more and break through the thinking that they have fed us for years and decades. What the PAP has been telling us are all constructed half-truths to bury us in a world of their creation so that while we mindlessly believe in what they say, they can get away with it and continue making big money from us. Today, many Singaporeans are wiser to the PAP’s tactics and their schemes. Today, after this article, you will be even more aware of the huge Singapore Ponzi Scheme created by the PAP.
Don’t stop here. This is only the beginning. Today let us embark on our journey to educate ourselves more and to start on a path towards freeing ourselves and our minds and to let our minds run free. They can only control us as much as much as what we do not know.
But today we are in on their plans, and we know what trickery they have up their sleeves. They can no longer hide what they are doing and we are in on their every move. The PAP has sunk so far down into treachery that no matter how much they dig, they are only digging themselves further into their hole.
Let them dig. Let them continue to dirty themselves. Today is a new dawn where Singaporeans have come into our own, into a new beginning. Let the PAP prance around and play around with their politics in their little circus. Let us learn more new things and find new ways of doing things. Let us seek greener pastures for ourselves and new possibilities for Singapore.
In this new dawn, Singaporeans, let’s come together and chart a new destiny for ourselves. PAP has lost their way and we will respectfully let them go down the wrong path. Meanwhile, we have to start thinking of a new future and work together towards a new Singapore where all Singaporeans would be able to benefit together.
The PAP is no longer. Sure, let them sit and while they continue to bide their time, let us take this opportunity to find new ways of thinking and new ways to transform Singapore.
Welcome to the new era, my friends. The PAP will continue to hang on but there is only as much as they can hang on to. We will continue moving and sailing into a new Singapore and look forward to the future that awaits us.
On 3 May 2014, we will be holding an event to advocate for the right of Singaporeans for fair wages and rightful employment. It’s time we stand up for ourselves and it’s time we find the strength and belief with us to challenge the PAP to take back our country and prevent them from ruining our lives, and our children’s’ lives further.
Singapore is a turning point today. We can only depend on ourselves. We can no longer depend on the PAP. Many Singaporeans know this – the PAP has pretended to Singaporeans for at least 30 years now but in the last few years since the last election, their performance has only further degraded and degenerated. The PAP no longer prove themselves capable of running Singapore and are running Singapore into the ground.
For the long term future of our nation and our people, and our children and their children, it is time we step forth and it is time we take a stand. It is time we come together and protect ourselves. Only in solidarity and togetherness will we have the might to rid Singapore of the scourge that has made itself the government and controlled Singapore for their own benefits. We can no longer allow the PAP to run Singapore as if we don’t matter and to turn us into slaves for their own wealth. The PAP has exposed themselves to run a system that has been corrupted for their own benefit and selfish greed.
At the rate they are going, Singapore will collapse, if we are not already breaking apart. To prevent the demise of our country and what our parents and grandparents have built up for us, it is time Singaporeans take a stand and fight for the future of Singapore.
The more people who come, the more they will realise they cannot have their way. The future of our country can only be decided by the collective will of the people in Singapore and not by their wanton greed.
Come join us. Come chart a new future. Come take a stand and fight for the new Singapore you want to see. What say you?
Join the Facebook event page here.