Politics
SingFirst chief, Tan Jee Say outlines economic plan to “take back” the people’s money
“If the government will not give us what is ours, we will have to take it ourselves. We will take back our money,” said Tan Jee Say, Secretary-General of SingFirst in a video posted on his YouTube channel.
Mr Tan, an Oxford-trained economy and a former civil servant, posted a video online titled “The Long Table” in which he talked about his concerns over the inequality in Singapore and proposed measures to address this particular issue. The video was released in conjunction with an economic plan for Singapore which Mr Tan wrote titled, “Take Back our Money, Be True First World“.
The veteran economist who contested in the Presidential Election 2011, started off by saying that Singapore is “not a true first world country”, noting that other first world countries have things that Singapore does not such as more equality, better social services, and governments that “give back what they take”.
He said, “We have come far. It is true. But we are told our home is fair, that it is prosperous for all of us no matter what our social status. It is an illusion.”
Explaining that Singapore is an “unequal society”, Mr Tan mentioned the often-talked about S$1,300 monthly income that an elderly person would need to “barely” get by in the country. He noted, “They are the most vulnerable people in our society, yet many must survive on less than S$800 to pay the expenses of one of the most expensive cities in the world.”
The video then listed out the expenses that a person living in Singapore would have to pay for from GST to education, healthcare, utilities, food, and transport.
Mr Tan, who stood for Presidential Election in 2011 and stood as a Singapore Democratic Party (SDP) candidate in the 2011 general election, bluntly said, ”The truth is this, our government overtaxes us and underspends in services for us in return.”
“That is why Singapore is unequal. It is why our families shrink year to year, why the cost of living is so unbearably high, why we are so helpless to tax rises like the GST,” he added.
“We are told better things are too costly, that taxes must rise further for these vital services, but that’s not true. There is no need to raise taxes. All the money we need is already here. “
Mr Tan explained that only 2 percent of the S$1 trillion in the country’s reserves can be spent on the people despite a rate of investment return of 5 to 6 percent each year in the past five years. He points out that even if that 2 percent is raised to 4 percent, the long term expected rate of return on investments would provide the nation with S$42 billion, which can be spent on the needs of ordinary Singaporeans.
This, he said, is what Norway does with its sovereign wealth fund, giving the full return to the national budget every year.
“That’s enough money to abolish the GST, increase subsidies for healthcare, education, allowances for children and the elderly, and help small businesses; all without touching our principal, our savings for the future,” said Mr Tan.
He went on to slam the government for staying at 2% spending of the reserve when there are people in Singapore who are in need.
He asserted, “If the government will not give us what is ours, we will have to take it ourselves. We will take back our money.”
Anticipating that some might wonder if the money in question actually belongs to the government, Mr Tan clarified that the money belongs to Singaporeans as it was paid for by the people in the form of “endless taxes that they [the government] refuse to invest in us, their own people”.
Mr Tan served as the principal private secretary to former Prime Minister Goh Chok Tong from 1985 to 1990.
“They think they can buy our votes with what is rightfully ours. They think they can fool us, giving us just a chicken leg while taking the whole chicken,” said Mr Tan of the government.
“But Singapore is a democracy and it is our responsibility to hold our leaders accountable. To let them know enough is enough,” he warned.
“All over the first world, people are building walls, walls to keep people out, to keep wealth in, to turn away from the world. Just like our government builds a wall around wealth that is not theirs to keep,” described Mr Tan.
“We are not them,” he declared, adding that he hopes Singaporeans “still have a heart” and still dream of a better nation for all.
Mr Tan concluded, “I want to take back our money, to take back what is ours and build a long table. A table for all Singaporeans to enjoy our prosperity as a family. A table to lead the first world and show them what a society should be.”
He implored for Singaporeans to join him, saying “But I can’t do it alone.”
Mr Tan Jee Say’s Economic Report
In a summary of his economic plan on his website posted last Friday (14 February), Mr Tan explained that the country can and must sustain “first world welfare” into the future by safeguarding and building up long term stakes in the country.
This, he added, can be done via several measures including continuing with the new SERS to counter declining value of Housing Development Board (HDB) flats, making HDB flats truly affordable for by not charging the cost of land, building more schools and hospitals and doubling the personnel in those areas, funding career change for those facing disruptions, inspiring the young to create technology giants and support and fund initiatives to tackle climate change.
Mr Tan noted that this would cost the government about S$10 billion, adding that it can and should be funded using revenues from land lease sales which actually has been bringing in about S$16 billion a year for the past 10 years. That’s more than what’s required to fund these initiatives, Mr Tan pointed out.
He also proposed no new tax or tax increase to provide for these first world programmes. In fact, he also proposed the removal of taxes like the GST and fees and charges for education and healthcare.
Mr Tan expounded on the website, “Moreover, we will only be spending the investment returns on our reserves without touching the principal sum. Our country will not go bankrupt but will continue to have more than the principal sum of our reserves intact that will continue to generate returns to sustain our welfare spending.”
Finally, Mr Tan wrote, “We must now abandon the lopsided growth ideology of the PAP and fire the engine of the economy on both fronts at the same time, achieving economic growth and people’s welfare together like a true First World society. We deserve it and can achieve it.”
People
LHY’s eulogy: Dr Lee Wei Ling, brilliant doctor and devoted daughter
In his eulogy, Lee Hsien Yang fondly remembered his sister, Dr Lee Wei Ling, as a brilliant doctor and devoted daughter who cared deeply for their parents, Lee Kuan Yew and Kwa Geok Choo. He described her as a lifelong fighter, determined to right wrongs and speak truth to power, seeing herself as a modern-day Don Quixote.
Eulogy by Lee Hsien Yang, younger brother of Dr Lee Wei Ling, for her funeral on 12 October 2024
Wei Ling and I have always been completely different, but we have always been close. We grew up together, and in the nature of our family, were each other’s closest family. She was almost 3 years older; Loong was in turn about 3 years her senior, but was a loner. So Ling and I grew up playing with each other. Of course, when we were little, there were physical fights. One scar I still carry from a particularly vigorous encounter serves as a reminder.
Right from the outset, Ling was always a tomboy and a fighter, and until I outgrew her, I was disadvantaged in our skirmishes. She was tough and strong and, whilst we disagreed and continued to disagree on much, I loved and admired her dearly. She carried that spirit of a fighter throughout her life, seeking to right wrongs, with a preparedness to speak truth to power.
She was straight as an arrow, and would not mince her words. She had a reckless streak and could be impetuous. She saw herself as a modern day Don Quixote: an idealist, a hero, determined with dogged tenacity, stoic and ever-conscious of the need to withstand suffering.
Ling strove hard throughout her life to excel. She was outstanding academically – studious, driven, and intense. Perhaps her competitive fighting spirit came from a desire to be recognised and valued by our parents, even though she was second born and a girl. She loved animals and wanted to be a vet but was persuaded by our parents to pursue medicine instead.
Always wanting to earn their approval, she graduated at the top of her class in medical school in Singapore and won a slew of prizes. Today, when I look back, I wish our family had acknowledged and recognised at home her accomplishments. It would have meant the world to her.
Physical fitness was also something she excelled at and both my father and myself value physical fitness from her encouragement. She was a superb long distance runner. Because of her, my father gave up golf and took up jogging. While I am reasonably fit, and could easily pass my physical fitness tests with flying colours, Ling was always a better long distance runner.
Ling and I attended karate class together and she became a Karate black belt; she was not someone to be messed with! She exercised with fanatical devotion and her typical regime would involve hours of exercise on a cross trainer, a rowing machine and swimming. As she aged and became prone to injury, she resented having to scale back her exercise regime. Ling sought in running, and in life, to “fill the unforgiving minute With sixty seconds’ worth of distance run”
Ling was a brilliant doctor with strong clinical skills. Fern and I would consult her whenever any of our 3 sons was sick or had medical issues, and she was invariably spot on in her diagnosis, even in areas outside her speciality.
We valued and trusted her judgement and skills as a doctor. She in turn sought investment advice from me. Bedside manners were not her forte, and completely in character, she never sugar-coated her diagnosis to patients. But she was straightforward and would always be her patients’ best champion. I have heard myself countless stories of patients’ gratitude for this, and have learnt of a few more since her passing.
Surprisingly, Ling discovered she enjoyed penning her thoughts and views, and for many years had a very popular weekly newspaper column. She was deeply disappointed when it was terminated in 2016. Each week we would always hear at home her excited plans for her next article and her book compendium of articles made the bestsellers list to her huge delight.
Ling loved the outdoors and was a keen, if disorganised, hiker. She loved the sense of adventure, the freedom and the adrenaline rush that it gave her.
In early 2020 before Covid, on her request, I travelled to Machu Picchu with her. It was high on her bucket list, and was a long trip. Machu Picchu was built on a very remote and isolated steep outcrop and was challenging for her as her incipient illness had affected her sense of balance and mobility. Nonetheless, with a little help she managed to get around the citadel. She loved and thoroughly enjoyed the experience. I am so glad we made that trip together.
As often is the lot of an unmarried daughter, the caring of our parents as they aged fell on Ling. She nursed and cared for each of them through their illnesses and old age frailties, and for this I remain eternally grateful.
Ling lived her entire life at 38 Oxley Road. It was the only home she knew and she wanted to live out her days in her home.
It was for this reason that Papa gave her that right to live there. He knew it meant much to her. In the years following Mama’s first stroke in 2003, Ling cared for Mama and became Papa’s primary companion and confidant at home. Although, as two strong personalities they sometimes disagreed, they also became much closer.
Papa was always very open and public about his wishes. In that period from 2003 to his passing in 2015, Papa spoke with Ling extensively, including on his hopes and his concerns for the future. Everyone knows that Papa was always against any deification of himself and was against monuments or memorials; Ling knew how very strongly he felt.
In April 2016, she wrote, “Lee Kuan Yew would have cringed at the hero worship just one year after his death”
In 2017, she persuaded me to stand up with her for our father’s wishes. I am proud to have stood with her.
Ling was not one who was afraid to talk about or prepare for death. She provided that only myself and my middle son, Huan, should make decisions on her care. As they were both middle children, she had always seen in Huan a kindred spirit, and the two of them had holidayed together.
It has been my privilege, with Huan’s help, to deal with her affairs and organise her care arrangements during her illness. I am deeply grateful to her doctors Dr Philiip Yap of Khoo Teck Puat Hospital and Prof Tan Eng King of NNI. In addition, Wee Tin, Jackie, Nurse Michelle, Lina, Cheng Piau and many others, have all helped with the care for Ling. Thank you.
She wanted a very simple funeral and for her ashes to be scattered at sea.
I said my goodbyes to Ling in June 2022. I wish I could have been here today for this final farewell. Huanwu has been a stalwart in organising her care in my absence, and I am very grateful to Huanwu and Shaowu for being there for Ling at this time.
Ling directed me to convey the following statement on her passing:
“My father’s, LEE KUAN YEW, and my mother’s, KWA GEOK CHOO, unwavering and deeply felt wish was for their house at 38 Oxley Road, Singapore 238629 to be demolished upon the last parent’s death. LEE KUAN YEW had directed each of his 3 children to ensure that their parents’ wish for demolition be fulfilled. He had also appealed directly to the people of Singapore. Please honour my father by honouring his wish for his home to be demolished.”
Farewell Ling, You will always be my special big sister.
Comments
LHL’s 15-minute visit to Dr Lee Wei Ling’s wake raises eyebrows among Singaporeans
On the evening of 10 October, Senior Minister Lee Hsien Loong and his wife, Ho Ching, attended Dr Lee Wei Ling’s wake, staying for about 10-15 minutes. This brief visit sparked online discussions about the custom of family members remaining throughout the day at funerals.
On Thursday evening (10 October), Singapore’s mainstream media, stationed outside Singapore Casket where Dr Lee Wei Ling’s wake was held, reported the arrival of Senior Minister Lee Hsien Loong and his wife, Ho Ching, to attend his sister’s funeral.
Dr Lee, the daughter of Singapore’s founding Prime Minister, Lee Kuan Yew, passed away on 9 October at the age of 69, at her family home at 38 Oxley Road.
Her wake is being held at Singapore Casket from 10 October to 12 October.
According to Lianhe Zaobao, SM Lee and Mdm Ho arrived outside Singapore Casket at around 8.30 pm.
They reportedly stayed at the wake for about 10 minutes and did not provide any comments to the media.
In contrast, the South China Morning Post reported that SM Lee and Mdm Ho stayed for approximately 15 minutes before leaving.
A member of the public who paid respects to Dr Lee shared with TOC that SM Lee had written a simple “RIP” in the condolences book.
Mr Li Yipeng, the eldest son of Senior Minister Lee Hsien Loong, also attended Dr Lee’s wake earlier.
Observing comments on social media, some users questioned the brevity of SM Lee’s visit to his sister’s wake.
One user remarked that even attending a friend’s funeral typically lasts at least 30 minutes, asking, “Where can you find a brother who attends his sister’s funeral for just 15 minutes?”
Others pointed out that it is customary for family members to stay the entire day at a funeral, particularly the eldest brother, who usually greets visitors and offers hospitality, such as refreshments.
“That’s what family members do,” one user noted.
A netizen lamented that instead of receiving guests at his sister’s wake, LHL appeared as a VIP guest accompanied by bodyguards.
Another user expressed sadness over the situation, noting that the eldest brother was attending the wake like any other outsider.
The comment highlighted that Lee Hsien Yang, the younger brother, was organizing the funeral remotely and could not return.
This led to a broader question among netizens: Would LHL attend his own brother’s funeral if he were to pass first?
Some netizens disagreed with the criticism of LHL’s attendance at his sister’s wake, arguing that, regardless of public sentiment towards the government, this is a personal matter.
One comment emphasised the need for objectivity, stating that people cannot judge LHL solely based on appearances or media reports.
He questioned what LHL might have done for his sister behind the scenes and pointed out that even if he had stayed longer, some would still find fault with his actions.
A comment on Reddit expressed that while LHL doesn’t necessarily need to be invited, his absence from receiving mourners as the eldest family member suggests he was not asked or instructed to participate in the funeral proceedings at all.
A netizen lamented that family disputes deeply affect one’s soul, particularly when reconciliation with a sibling is impossible, even in death.
The Reddit comment emphasised the emotional pain that arises from being reminded of happy childhood moments during such difficult times.
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