[Bic_cherry]

Elephant in the room is that the PAP is running an opaque mega slush fund called the 'reserves' and turned land into a natural resource by leasing it out (leasehold) it at high prices to rich locals and foreigners to build bungalows and condos. Then using 3rd world logic to deceive the 61.2% 3rd world, banana republic citizens here that only oil, gold, palm oil, pig farms and banana trees etc can ever constitute 'natural resources' (but not leasehold land sold at above S$1000-2000psf that returns to government after a few years) to deny that trust people have for PAP (thus the willingness of developers to bid for land here at way above S$1000psf), thus, PAP is using this selectively stale and obsolete logic to claim "no natural resources" at the expense of betraying the trust that people have for the PAP to pay world record prices for property here. This ruse has worked well as an excuse to raise GST to squeeze more blood from citizens further.

Selective/ bigoted/ shallow logic and creative accounting much, no? This is the elephant in the room, and we must not miss the woods for the trees when presented with the PAP propaganda we read now.