Peoples Voice Goes On The Ground To Examine The State Of Our Economy.
This afternoon, Mr “New Taxes” Heng claimed that Singapore will not suffer a full year recession despite a sharp contraction in Q2 growth to a miserable 0.1%.
Mr Heng may choose to rely on technicalities, but the evidence that our economy is already in a deep slump is clear for all to see. Taxi Drivers are reporting a sharp drop in ridership to Peoples Voice members. This evening we went to Liang Court to observe the business activity on what should be a busy Friday evening. We were shocked at how quiet the place was compared to the usual Friday evening bustle. And we noticed many shop units were empty and shuttered.
On the 3rd floor, the space formerly occupied by Kinokuniya is now empty. A huge empty space ( Photo 1 ). On the 2nd floor, another empty shop unit next to the Ramen restaurant( Photo 2 ). And on the 1st floor, next to Uniqlo were 2 empty shop units( Photo 3).
We suggest Mr “New Taxes” Heng not play around with technicalities and instead focus on the real source of our economic ills.
There is not enough money circulating in the domestic economy, and businesses cannot thrive when people are strapped for cash and are unable to spend. This is the result of stagnant wages, because innovation and productivity under Mr “New Taxes” Heng, has been disastrous! And yet he is never slow to allow price hikes and new taxes to be introduced, which hurts our People even further!
It is time for CHANGE and for a new economic model and a new government which will propel our country to greater heights and prosperity. The combination of Lee Hsien Loong and Heng Swee Keat has seen arguably the biggest drop in the standard of living of ordinary Singaporeans in our Nation’s history.
Have Mr”New Taxes” Heng helm our Nation further? We will be staring into the economic abyss!