No. 1 cause of rising costs of living, housing and transportation

(posted on Minister Gan Kim Yong's wall) In my view, the no. 1 cause of our high costs of living, housing and transportation is attributable to government's policy of charging market prices on lands and assets belonging to people. If this policy which was started some years ago is not changed, people will continue to struggle in their lives to enrich the government coffer which at the end will be lost on careless overseas investments on bankrupt banks. Is it not time to change this policy which is anti-progress and anti-people? ................................. It is economy that sustains property prices not manipulation of supply and demand. Mr. Khaw should ask PM Lee to change the policy which hurts our economic competitiveness. The no. 1 cause of our lack of economic competitiveness is attributable to the profiteering by the government from lands and assets belonging to people for the government coffer only to be lost on rash overseas investments on bankrupting foreign banks. It is time for Khaw to think real and act real and not to continue to protect such a wrong policy of the past. .................................. Minister Lui Tuck Yew's kind of logic to increase fares is not difficult to understand. By taxing the people it is for keeps by the government. By privatizing of public services like transportation, it is for saving of tax monies so that there will be more monies to pay for their own million-dollar windfalls, and foray on oversea bank investments etc. By profiteering on lands and assets, selling them back to citizens of their own lands and assets at market price, it is good for the economy. If monies are not enough raise more taxes, increase fares, COEs and ERPs or import cheaper foreign labor to keep the costs of operations down. This is what we citizens pay million-dollar ministers for!!! Money is no object - from the people lah. ................................. These political blokes who call themselves scholars and talent have not made it in the private sector at all. We are just being bluffed like 3 year-old kids to believe they are worth millions. Now blunder no. 1 - the taxing and privatizing of public services and profiteering on lands and assets of people are pushing up our costs of doing business - need to be thrown out of the window for good. It is a rubbish theory that taxing and profiteering is the way to run the government!!! ................................ In justifying sale of public housing built on people's owned and paid for lands at the full market price, ex-minister Mah Bow Tan cleverly claimed that the HDB has heavily subsidised the HDB sale flats but he later retracted on this claim by saying that what he referred to as subsidy was a "Market Subsidy" He admitted indirectly that the subsidy he clamed earlier was a total bullshit. This is called profiteering on people's lands and assets as posted in my many posts on this matter. ............................ What is the function of a government? Is it to do business or to look after the basic needs and welfare of citizens? Based on the replies of ministers in the AIM affair, it looks like our government is going into business with MPs being shareholders and directors in charge of such businesses. How nice it can at the same time use the power to pass laws to help its businesses make profits. No wonder people are finding it difficult to set up business in this little red dot and the citizens are the unhappiest in the whole world!!! Good grief power corrupts truly when there is no check and balance in the whole system!!!