Will the new Cabinet actually do anything different to this end? I doubt so.
So here are examples of what other less-well paid governments around the world are doing to combat high global prices.
- Malaysia has doubled the amount spent on subsidies.
- Today, Hong Kong announced plans to up civil service pay.
- South Korea froze electricity and gas fees as well as a host of public service fees for first half of 2011.
- The Taiwanese government gave fuel subsidies to target group of consumers.
- The Kenyan government is working towards reducing prices on commodities.
- In Jordan, the monarch has announced a slew of measures to reduce prices of necessities.
- In Victoria, Australia, the new coalition government has extended free weekend travel and electricity concessions to seniors.
It is evident that most governments around the world are working to tackle rising costs. The PAP on the other hand has allowed electricity, food, transport and housing prices to continue increasing.
Their strategy of GDP-led job creation to tackle cost of living is hopelessly misdirected as Singaporean wages are being held back by the PAP's open door immigration policy.
However, there is always a silver lining. Let's not rule out another raise in GST to help the poor.
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