Is it good to change the labour chief?

I asked this question in The Wisdom of the Crowd - Is it good to change the labour chief to Ng Chee Meng?

48% of the people who voted said that the labor movement should be allowed to choose its leader from the grassroots.

35% said that Chan Chun Sing is doing a bad job as labor chief and should be replaced.

The remaining 17% are supportive of this change.

See the breakdown of the votes in
http://www.wisdomofthecrowd.sg/chart.aspx?ID=557

Who will form the next government in Malaysia?

I asked this question in The Wisdom of the Crowd - Who will form the next government in Malaysia?

41% of the people who voted said that Barisan National will win through gerrymandering.

33% said that Barisan National will win under PM Najib and UMNO.

13% said that Pakatan Harapan will win.

13% said that Pakatan Harapan will fail due to incompatible parties.

A total of 87% expect Barisan National to win the next general election.

See the breakdown of the votes in
http://www.wisdomofthecrowd.sg/chart.aspx?ID=558

A better way to implement democracy

Is there a better way to implement democracy around the world?

In many countries, the existing government "cheated" by redrawing the electorial boundaries to ensure that they have a better chance of winning the next general election. It is called "gerrymandering".

In some cases, they give money or goodies to the poor people to buy their votes. The poor people are usually illiterate or politically naive.

In some cases, they stuff the ballot boxes with fake votes in their favor. Or they simply replace the actual ballot boxes with the fake ones containing fake voting slips in their favor.

Even in a country that is regarded as the "bastion of democracy", their system is influenced by large sums of money that is spent on advertising to influence the voters using untruths. The candidates with the most campaign funds usually win. Their elections are "bought" with money.

What is the purpose of this "democratic process" which can be abused in many countries to perpetuate a regime for several decades?

When is the purpose of allowing each person to have a vote when that person is not educated or mature to exercise the vote correctly?

Is there a better way to exercise democracy?

I want to make a statement that will surprise many people. A good example of effective democracy is ...... China.

Why do I say so?

In China, the leaders are elected through voting by members of the communist party. These members or cadres are educated on the principles that govern their party, which are also the same principles enshrined in their constitution. All countries have a constitution that lay down the principles for which their country should be governed. China is also following the same approach.

The main difference is that the principles enshrined in the constitution in China are different in some respects from the principles enshrined in the constitution of America. But it does not make the consitution of China worse than America. In fact, the development of China showed that their approach is more effective in uplifting the well being of their people.

I am not saying that the system in China will continue to be better over the long term. But we can see that it is better for the past few decades.

I will now deal with the argument that their leaders are voted only by the members or cadres of the communist party. In my view, this is a better system.

To earn the right to vote, the voter must be educated in the constitution of the country. This is a requirement for all members of the party. They have to be educated in these matters. Being educated, they can make better decisions.

The communist party has more than 100 million members. This is more than the voting population in most "free countries" where every citizen (including the uneducated ones) is allowed to vote.

The leaders of the communist party are elected through a democratic system that is exercised at different layers - the villages, counties, provinces and at the national level. The leaders elected at each level become the voters at the next higher level. This system is quite democratic.

I am not saying that the system in China is free of corruption. On the contrary, it has been riddled with corrupt practices in past years. This disease is now being addressed by the current leaders.

I hope that they will succeed, and that there is a clean process of electing the right leaders for the country and, after being elected, they will use their powers with honesty and integrity and make the right decisions for their countries.

Even the principles of the community party and the constitution of the country can be changed to allow the country to move forward. If you recall, there was a seismic change when the communist party decided to adopt "free market economics" in a socialist system. It turned out to be the best strategy for China.

There is a risk that the people elected under the communist system can become dictators. This has happened in past years under many communist countries. But there are also many dictators who are elected under the non-communist system aslo. Dictatorship is not a monopoly of the communist system.

I hope that people will realize that the system that is now adopted in China is more democratic and better than the systems of "free elections" adopted by most non-communist countries.

Tan Kin Lian

Where will Chan Chun Sing go after leaving NTUC?

I asked this question in the Wisdom of the Crowd - Where will Chan Chun Sing go after leaving NTUC?

44% of the people who voted said he would be deputy prime minister and coordinating minister.

41% voted that he will head another ministry.

15% said he will leave the government or become an ambassador.

See the breakdown of the votes in
http://www.wisdomofthecrowd.sg/chart.aspx?ID=556

Should the government reserve public sector jobs only for locals?

I asked this question in the Wisdom of the Crowd - Should the government reserve public sector jobs only for locals?

75% of those who voted said it will provide better employment opportunity for locals.

13% said locals can provide better service in these jobs.

9% said it is better to have open competition for these jobs.

3% said it will help to raise wages.

See the breakdown of the votes in
http://www.wisdomofthecrowd.sg/chart.aspx?ID=554

Should the government give a wage subsidy to private sector employers to employ locals?

I asked this question in the Wisdom of the Crowd - Should the government give a wage subsidy to private sector employers to employ locals?

45% of those who voted said it is better to reduce the cost of doing business in Singapore.

34% said it will help to equalise the cost of employing locals and foreigners.

14% said it is better to allow the employer to choose the most suitable worker.

7% said it will be too costly for the country.

See the breakdown of the votes in
http://www.wisdomofthecrowd.sg/chart.aspx?ID=555

Will PM Lee's efforts as chair of ASEAN benefit Singapore?

I asked this question in the Wisdom of the Crowd - Will PM Lee's efforts as chair of ASEAN benefit Singapore?

50% of those who voted said that PM Lee should focus on the problems in Singapore.

35% said that Singapore has little to gain on this international effort.

The remaining 15% find the effort to be useful for Singapore.

See the breakdown of the votes in
http://www.wisdomofthecrowd.sg/chart.aspx?ID=550

Can patients trust their doctors to be ethical and avoid over servicing?

I asked this question in the Wisdom of the Crowd - Can patients trust their doctors to be ethical and avoid over servicing?

39% of those who voted said it is difficult for patients to know what is necessary and what is over servicing.

36% said that the Singapore Medical Council should set up a system to deal with complaints on over servicing.

21% said that the doctors are under commercial pressure to raise their revenues to meet the high rental and operating expenses.

See the breakdown of the votes in
http://www.wisdomofthecrowd.sg/chart.aspx?ID=551

How will China respond to strong tariffs imposed by President Trump?

I asked this question in The Wisdom of the Crowd - How will China respond to strong tariffs imposed by President Trump?

36% of those who voted said China will sell more products to other countries.

32% said that China will sell its holdings of US Treasuries.

16% said that China will buy more product from USA.

8% said that China will complain to the World Trade Organisation.

The last 8% said that China will accept that they will export less to USA

See the breakdown of the votes in
http://www.wisdomofthecrowd.sg/chart.aspx?ID=552

What will happen to the US Dollar when China sells a large holding of US Treasuries?

I asked this question in the Wisdom of the Crowd - What will happen to the US Dollar when China sells a large holding of US Treasuries?

58% of those who voted said that the US Dollar will fall sharply.

25% said that the price of Treasuries will fall and interest rate will jump sharply.

13% said that it will have a small impact as other countries will buy the US Trasuries.

See the breakdown of the votes in
http://www.wisdomofthecrowd.sg/chart.aspx?ID=553

CPF is our hard earned money

Dear Mr Tan

1) You probably will agree that many Singaporeans are asset rich and cash poor. I believe many of them are trapped in a situation when buy a resale flat or their BTO are ready but they do not have the cash available for renovation. Do you agree that the government should allow Singaporeans to use their CPF for house renovation? Afterall, renovation is considered a capital expenditure as opposed to an expense in accounting terms and will add value to the house.

Interestingly, the Optional Component Scheme (OCS) under BTO allows a home buyer to add such renovation cost of the optional components to the selling price of the flat. But the scope and options available under OCS is very limited and many home buyers ended up having to engage private contractors to renovate their house. I feel that since the government recognizes the importance of including renovation as part of the house price, then shouldn't the government also allow Singaporeans to tap into their hard earned CPF for their house renovation?

2) The other issue I would like to address is regarding refinancing of HDB flats. Suppose you buy a private property at 1 million and took a 800k loan (80% LTV). When your property value doubled its value over the years and you refinance your loan at 80% The new loan of 1.6 million will be used to settle the previous 800k loan and the remaining 800k will be released to you as your "capital gain proceeds".

However if you buy a HDB flat instead and your house value has doubled and you refinance your HDB flat, a different rule applies. Instead of cashing out your "capital gain proceeds", the proceeds are locked in the property and can never be cash out. In this case, many retirees are unable to unlock the capital gains in their HDB flats and use it for their retirement. Instead, they are either forced to sell their flat or sell part of the lease back to HDB under the Lease Buyback Scheme just to unlock some CPF when in actual fact they shouldn't have to.

Based on the above two issues, it appears that Singaporeans has been working hard and keep part of their retirement nestegg in their CPF but the government seems to have biased regulations that deter Singaporeans access to their own CPF for their proper use. Is this not improper hoarding of our CPF by the government?

With your vast financial knowledge background, I would like to hear your personal views on these issues.

Dear X
Let me think about how to answer your question.
The correct person to answer is the minister for national development, lawrence wong.
He earns a million dollar salary.
Still I will try to answer it without getting any salary.

ONE HOUR LATER:

Dear X
I am now able to give my reply to your two questions:

1) I agree that the the CPF member should be allowed to take out some of the CPF savings for renovation. Perhaps it should be 10% of the purchase price.
Why?
The property could have been "renovated" by the developer and the cost would have been included in the sale price. If the developer sell a partly "renovated" property, the buyer should be allowed to get financing for the renovation.

2) I do not like the concept of "refinancing a loan" based on the appreciated value of the property. My objection applies both to the private property and to HDB. The refinancing locks in the appreciation, but that appreciation could be temporary or not sustainable. I like to see government regulation to stop this kind of refinancing of all property.

Make decisions based on facts, not on labels

Someone remarked that TKL prefers socialism, but he prefers capitalism.

We should not make decisions based on labels. Instead, we should look at the issues based on facts.

I prefer an approach that produces a better outcome. In some cases, a socialist approach achieves a better outcome; in other cases, a capitalist approach is better.

What is the socialist approach? Basically, this approach involves state ownership of the means of production.

Let us look at what happened in the UK. When Margaret Tatcher was the prime minister, she privatised many industries previously run by the state - for example, the railway, water and electricity.

Did the private ownership produce better results? Did they reduce the cost to consumers and achieve better quality?

Apparently they did not. The private owners cut down on the maintenance and quality. They wanted to increase their profts. Consumers paid more and get a poorer quality of service. I am not sure if I have described the situation correctly.

I read that the Labor Party had promised to re-nationalised the railway, water and energy when they become the next government. Apparently, this is well supported by the public.

I was recently in New South Wales, Australia. I took the train from the airport to Sydney, a distance of 10 km and paid a fare of $18. It was operated by a private company. I took a train from Sydney to Gosford, Central Coast. The distance was 78 km and the fare was $13. It was operated by the state.

The state government realised that it was a mistake to allow the private operator to build and operate the airport link. They wanted to buy back the line, but the private owner wanted to extract a high price.

In Singapore, we saw what happened with our SMRT. When it was under private ownership, it cut down on the maintenance of the lines to reduce cost. This caused the frequent breakdown of the MRT service. The government had to de-privatise the SMRT.

There are many situtations where private ownership leads to bad outcomes. They are caused by the profit motive. In these cases, state ownership produces a better outcome.

But there will be other situations where private ownership produces a better outcome.

We have to keep an open mind. We have to make decisions based on facts, rather than on labels.

Tan Kin Lian

Singapore is doomed

Singapore is doomed when we have people like Lee HL and his ministers running the government and citizens who are scared to voice their views. See this exchange.

-----------------------------------------------------------------

Dear Mr. Tan
I read your article to the Straits Times on 12 March 2018 re "Keep SingPass option for business users of e-government services".
I did not see a reply from the government to your published article. If you have received a reply, I would appreciate if you could forward it to me.
I agree with your article. I am also facing the same problem like you. It is better that we stick to using SingPass for both personal and business matter.

-----------------------------

My reply:
I did not receive any reply to my letter on SingPass. I suggest that you write a follow up letter to the St Times.

-----------------------------

Dear Mr. Tan
You are an influential person, well known to many people and respected, and your voice carries weight.
I strongly feel that you should write a follow-up letter to the S Times since you have not received a reply to the article you wrote. Many people feel the same what you feel.
I do not want to be involved with the government nor STimes people, please please please don't even quote or involve me on this, appreciate and many thanks for your cooperation as this CORPASS topic we share is between you and me only. Thanks also for your kind understanding.

Why we have to abolish GST totally

I gave a speech at Hong Lim Park on 3 March. 2018. My key point was that GST should be abolished to reduce the cost of living by up to 10%.

Some people commented that there is no need to abolish GST totally. We only need to abolish GST on the essential items, like food and medicine.

Many countries, such as UK and Malaysia, exclude GST on essential items. I agree that it is possible to take a step to abolish GST on essential items.

However, I still hold the view that GST should be abolished totally. Here are my reasons:

a) We can afford to abolish GST totally. It reduces the government revenue by $11 billion a year. But the real surplus is $20 to $30 billion a year, including government land sale. If GST is abolished totally, we will still have a budget surplus.

b) If we abolish GST only for essential items, we still have to identify what are essential and what are not essential items. The cost of administering GST will continue to be high. We will not achieve any significant reduction in the cost of living.

We need to be bold. We have to abolish GST totally to achieve a significant reduction in the cost of living.

The problem with our high cost of living and the high cost of doing business, and the insecurity of jobs for locals, are really serious. We cannot afford to take half measures.

Watch my video in full to understand the key points that I put forward.
https://www.youtube.com/watch?v=2vCRavQFYHw&t=1616s

Attractive prizes when you vote

You can win these attractive prizes when you vote on the issues in the Wisdom of the Crowd. It is easy, right?

http://www.wisdomofthecrowd.sg/page/115

Does the Marina Barrage help to reduce flooding in Singapore?

I posted this question in The Wisdom of the Crowd - Does the Marina Barrage help to reduce flooding in Singapore?

65% of the votes indicate that Marina Barrage is responsible for the serious flooding in recent years.

26% said that the low lying areas have been flooded even before Marina Barrage was built.

9% said that Marina Barrage helped to reduce flooding.

See the breakdown of the votes in
http://www.wisdomofthecrowd.sg/chart.aspx?ID=546

Is the Singapore economy in good shape?

I asked this question in the Wisdom of the Crowd - Is the Singapore economy in good shape?

52% of the votes indicate that the economy is already in serious trouble.

44% said that the economy will be impacted by the slowdown in global trade.

4% said that the economy is doing well.

See the breakdown of the votes in
http://www.wisdomofthecrowd.sg/chart.aspx?ID=547

Should the deductible under basic Medishield be removed?

I asked this question in The Wisdom of the Crowd - Should the deductible under basic Medishield be removed?

48% voted for it to be offered as an option under Medishield Life.

29% voted that the rider should be offered by a private insurance company.

23% said that the rider should be banned.

See the breakdown of the votes in
http://www.wisdomofthecrowd.sg/chart.aspx?ID=548

Be respectful when giving an alternative view

It is all right for a person to disagree with another person's view, but he or she should do it respectively.

He should not give the impression that the other person's view is wrong and his view is right. This arrogance can be detected in the manner in which the comment is expressed.

A worse form of arrogance is to state that the other person's view is wrong, without stating the alternative view.

I have seen many instances of rude comments. It reflects poorly on the maturity of the person who gives the comments.

Equalisation wage between locals and foreigners.

In my video, Jobs for Singaporeans, I introduced the concept of equalisation wage between locals and foreigners. This should apply to all levels, including PMET jobs. If employers have to meet the same cost, they are more likely to employ locals, instead of foreigners.

This equalisation is achieved by introducing a levy for jobs taken by foreigners and giving a subsidy for jobs taken by locals. It will address the gap between the wage that a foreigner is willing to accept (because they feed their family in a low cost country) and the wage that a local is willing to accept (because they feed their family in Singapore).

If this gap between the wages is $1,000, the equalisation can be achieved by introducing a levy of $500 for each foreign worker and a wage subsidy of $500 for each local.

This equalisation should be made only for the jobs where it is difficult to find locals, such as cleaners, security guards, bus drivers and construction workers.

For jobs where the wages are sufficient to attract locals, there is no need to give work pass for foreigners.

Here is my video;
https://www.youtube.com/watch?v=h8_CLCYH85I&t=48s

Brainwash through slogans

Many Singaporeans believe that capitalism is good and socialism is bad.

This belief, which is the outcome of ignorance and brainwashing over the decades, reminds me of the sheep in the novel titled "Animal Farm".

In that novel, the sheep represented the ordinary people. At the beginning, they were told by their animal leaders that the anmials (with four legs) were better than humans (with two legs). They were taught to repeat the slogan "four legs good, two legs bad". They were brainwashed and believed in the slogan.

Many years later, the leaders started to follow the ways of the humans. They changed their teaching and told the sheep to chant the new slogan "four legs good, two legs better".

Being ignorant, the sheep believed and followed the teachings of their leaders.

Now, I ask you. What are the color of the sheep. Most of them are white, right? Have you ever seen a blue sheep?

Back to capitalism and socialism. Many Singaporeans are ignorant about the real difference between capitalism and socialism. They only believe that the propaganda that capitalism is good, that it creates wealth and that socialism is bad, that it destroys wealth.

They follow the brainwashing of the American media. The Americans also also brainwashed. They believe that capitalism is good and that low tax regime is good.

But they also want to have their socal security, unemployment benefit and Medicare. They do not realize that these social programs are produced by socialist policies enacted a few decades ago.

We can continue to be ignorant and follow the slogans taught by the leaders. Alternatively, we can start thinking for ourselves.

Giving lower than projected return

Kum Weng Lai said:
(The policholders) can calculate their own return and arrive at the 4% conclusion. The real question is what recourse do policyholders have went they are told that this is the amount they will get after 21 years and the amount ends up being substantially less?

The insurance company has wildly exaggerated its claims, or it could have less competent fund managers, but the end result is they did not deliver on their projections and ended up giving a lower benefit for the client. Since the client depended on this money promised by the insurer, they are now facing a substantial shortfall. U do not address this issue at all.

Is there a complaint process through MAS? Is there a legal recourse through a lawsuit? I am sure this policyholder is not the only one that suffered. MAS takes a dim view of financial companies who promise one return and give deliver another. That's called fraud.

I am sure that all policies have a boiler plate caveat that returns are not guaranteed. But in this case, its not even close.

Seems to be a case of gross misrepresentation. If the client can find other insurers that manage to give a return of 6% or more during this 21 year time period, then it makes a much stronger case for them against their insurer.

At the very least, an ethical and moral insurance company should have informed all its clients years ago that their endowment policy will not be able to meet their initial stated target, so that they can make alternate plans to make up the difference.

REPLY
The complaint process is through Fidrec. Many policyholders have probably made their complaints to Fidrec, but they received the same reply - the insurance company did state that their projections are not guaranteed.

The insurance company did tell the policyholder each year about the bonus that were declared. The policyholder could have known that the actual bonus were lower than projection. But they did not realize it.

Even if the policyholder realized that the bonuses have been cut, they would be unable to cut their losses. The surrender values are very low. In most cases, it is better for them to stick to the policies to the maturity date.

Consumers can learn about a better way to invest their savings. I asked them to enrol for my talk, but they do not have the time. Who should be blamed?

Here is my next talk.
http://www.fisca.sg/event_det.aspx?id=18

Do not insult snakes

It is not proper to call a minister a snake.

This is not only rude to the minister; it is an insult to all snakes.

The snakes had nothing to do with our quarrel. Why should they be brought into this argument? This kind of animal profiling is unacceptable in the modern day world.

We claim in Singapore to be a society that is equal, regardless of race, language or religion. Surely we can extend this concept of harmony to other members of the animal world?

If we really dislike the minister, can we just call him a person? Surely, there are people who are quite despicable, especially if they wear a certain color. Right?

Watch a country go down the drain

Mr. Tan,

Most people cannot imagine how a country, that used to be great, can go down the drain.

There is no need to use their imagination. They only need to open their eyes. It is happening right in front of us.

Like
Increase GST
Pass law on fake news.

The unimaginable is possible.

My reply:
Right!

Cruise ship - Genting Dream

I am taking a cruise on Genting Dream. I just watched a video about this cruise ship.

The ship was built in Germany. (Here, what happened to our shipyards in Singapore?)

The service staff was recruited from Shanghai. What happened to our unemployed graduates?

Here is the wiki report:

And the video:
https://www.youtube.com/watch?v=526b_qUx4Jg

Lee HL can collect his million dollar salary. But he is not doing his job to make Singapore competitive and get generate more employment for our people.

What is the title of GCMG?

I saw that Mr Lee Kuan Yew had the title GCMG.

Twenty years ago, I was met an Englishman with a similar title. He explained the significance of the title to me.

This title is given to people who have served a long time and with distinction in the public service, i.e.  civil servants and political leaders.

The rationale was that public service paid a low salary compared to the private sector and those in the public service need to be separately recognized for their sacrifice to serve the people.

Of course, it does not apply to Singapore today as our public servants are political leaders are paid quite handsome salaries compared to the private sector. However, Singapore is probably an exception.

Back to the title GCMG. It is the highest among the three titles in the same series - CMG, KCMG and GCMG.

When you have served the country loyally and with distinction in the public service for many years, the Queen award you the title of CMG - Companion of St Michael and St George. I have checked and confirm that carries the title of "Sir".

After many more years of distinguished service, you may be awarded KCMG - Knight Commander of St Michael and St George.

After many more years, you get the title of GCMC - which is Grand Cross of St Michael and St George. This is the top honor in that series.

The Englishman told me that it is general public had created a new description for these titles.

If you are awarded CMG - you tell your friend that they can "Call Me God".

If you get KCMG - you can tell your fiends - the King (or Queen) calls me God.

If you get GMCG - guess who has to call you God?

I hope that Mr. LKY is now in heaven with God and he can tell God that he has the title GCMG.

I hope you enjoy the joke. Only broad minded people enjoy jokes. Others may find it offensive.

Tan Kin Lian

Venture out of comfort zone

I have two rabbits. They are kept in two separate cages and are sheltered from the rain. They receive their food three times a day.

I let them out once in a while to roam freely in the garden. If both are out together, they are likely to fight.

Do these rabbits prefer the comfort of the cages or to roam freely in the garden?

I reflect on this choice and think about the ordinary Singaporeans. If they have a job, they can live comfortably in their HDB flats and work hard every day. They don't want to venture out of their comfort zone and into the unknown.

When they lose their jobs and have no money to feed their family, they go out to fight each other for the limited jobs as Uber or Grab drivers.

But this opportunity will soon be bleak. There is an over supply of taxis and private hire cars. The high demand, which is generated by promotions has already started to reverse. Times will get very tough for them, unless they have a new government.

Back to my rabbits. When I open the door of their cage, they hesitate to come out. After a while, they leave their cage and enjoy the freedom, but still in the garden. They don't want to come back, even for food.

Is there a lesson for Singaporeans? Is it worth venturing out for some freedom? Can we move out of the comfort zone? Are they more tame than the rabbits?

Capitalism and socialism

Many Singaporeans believe that capitalism is good and socialism is bad.

This belief, which is the outcome of ignorance and brainwashing over the decades, reminds me of the sheep in the novel titled "Animal Farm".

In that novel, the sheep represented the ordinary people. At the beginning, they were told by their animal leaders that the anmials (with four legs) were better than humans (with two legs). They were taught to repeat the slogan "four legs good, two legs bad". They were brainwashed and believed in the slogan.

Many years later, the leaders started to follow the ways of the humans. They changed their teaching and told the sheep to chant the new slogan "four legs good, two legs better".

Being ignorant, the sheep believed and followed the teachings of their leaders.

Now, I ask you. What are the color of the sheep. Most of them are white, right? Have you ever seen a blue sheep?

Back to capalism and socialism. Many Singaporeans are ignorant about the real difference between capitalism and socialism. They only believe that the propaganda that capitalism is good, that it creates wealth and that socialism is bad, that it destroys wealth.

They follow the brainwashing of the American media. The Americans also also brainwashed. They believe that capitalism is good and that low tax regime is good.

But they also want to have their socal security, unemployment benefit and Medicare. They do not realize that these social programs are produced by socialist policies enacted a few decades ago.

We can continue to be ignorant and follow the slogans taught by the leaders. Alternatively, we can start thinking for ourselves.

Should the Deductible be removed from the Medishield and integrated plans?

I asked this question in The Wisdom of the Crowd - Should the Deductible be removed from the Medishield and integrated plans?

55% said that this should be made optional.
36% said that the increase in premium is lower than the cost of the rider (taken with a private insurer) to cover the co-payment.
10% like to keep the status quo;

See the breakdown of the votes in
http://www.wisdomofthecrowd.sg/chart.aspx?ID=544

Is the government spending the tax revenue prudently and wisely?

I asked this question in The Wisdom of the Crowd - Is the government spending the tax revenue prudently and wisely?

56% said that they are not spending enough to help the people cope with the high cost of living.

40% said that they spend too much on defense.

None said that they spend too much on infrastructure.

See the breakdown of the votes at
http://www.wisdomofthecrowd.sg/chart.aspx?ID=545