Many people may be brainwashed into believing that by the government taxing and profiteering in every way as it does to such an extreme as in our case it is creating more surpluses for our national coffer and that will help us to become rich and wealthy or we will do well to compete with other economies.
The reverse is true - surprised? Because the government essentially does not create jobs or generate wealth. It collects taxes and suck people's monies from the economy which slows down growth. Such monies if not sucked from the people will not be immobilized to become unproductive idle monies which may at best give us 2% returns from bonds but at worse be lost in some glorifying foreign investments which provide jobs and growths for foreigners and not us Singaporeans.
If taxes and profiteering are not so extreme as in our case where monies were retained as profits and capitals within the private sector such monies will be re-circulated within the private sector economy creating more investments and more jobs.
Just think about all the boasts of the government about their success in raising taxes and making profits by all the GLCs etc.
Such a system is the reverse of creativity and competitiveness. It kills the goose (taxpayers) that lays the golden egg (investments and jobs).
They don't care who they kill, so long they get profits out of it it is none of their business who get killed. Money, power and tyranny make their world go round and round, richer and richer at our expense.
A responsible govt will not behave such.