Monday, February 24, 2014

So What If They Are Gunning For Votes?

Here in Singapore, the Singapore government has just released its Budget for the year and the eye-catching thing about it was a S$8 billion fund to "honor" the older generation. Called the Pioneer Generation Package (PGP), it is to help our elderly cope with daily expenses and especially their medical needs.

Others called the PGP an attempt to score political points and channels more money into the GIC through our CPF accounts. I agree. The PGP is designed to score political points with the elderly and probably to get more money into the CPF. 

So fucking what? 

Does anyone truly believes the ruling PAP (People's Action Party) is going to do anything that doesn't benefits them? Aren't they are a political party? You think they are not looking to get votes for the coming elections? You think they are doing this out of the kindness of their heart?

No they are not, but who cares? They get to score political points, the elderly gets benefits and the money would come partially from higher taxes in tobacco and liquor products. What's the problem? The only complain I have is that the PGP is a scheme that's over 10 years which is too long. 

The needs of the elderly 5 years from now could be vastly different from what it is now. The PAP (which if you noticed is very similar to PGP) should look into having some yearly review of the fund so that the money could be tailored for the use of the elderly. A one-size-fits-all approach over 10 years is just asking for trouble. 

Outside that, all is good. The government is giving you money, take it and stop complaining.

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