Singapore Democrats, 11 May 2009
The latest war cry from our multi-million-dollar cabinet: Re-skill, upskill and multi-skill. It's the worn-out refrain started years ago to get our workers to "upgrade" themselves and prepare for the New Economy.
New Economy? We never even got out of the old one. We are still giving multinational nationals heavenly tax breaks in the hope that they will continue to pull their investments here.
And when we tried to diversify into other industries, we ended up competing with other secrecy jurisdictions for money from tax cheats and money-launderers. We did this by re-writing our banking laws to protect the secrecy of questionable clients and constructing casinos.
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