WOTC - Spend $40 million on National Day Parade

I asked this question in the Wisdom of the Crowd:

Is it worthwhile to spend $40 million to organize a National Day Parade?

Here are the responses: (52 Votes)

62 % - It is rather wasteful.
25 % - The National Day Parade has become boring
12 % - We need to have a grand parade to instill pride in Singapore.
2 % - It is a small sum of money

See the pie chart at: 
http://www.wisdomofthecrowd.sg/chart.aspx?ID=805