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Summary of critical national to do list
Legal
1. The must be legal enforcement of the Constitution, which is effectively the means to enforcing respect for the people, forcing the governor to be of the people and for the people.
Finance
1. Audit of all government spending and investment, including the SWFs, evenhanded market-pricing our current national physical assets against its liabilities. Bring down all third tier assets for basic assessment of change in value.
2. Examination of our current total taxation policy and assessing the implication of huge float like CPF on the economy, on the impetus to produce and the willingness to engage entrepreneurially.
3. Examination of the impact of State Corporate entity on effective competition and the legal ramification of such warping on neutrality of State in commercial dispute cases as well as preferential treatment.
4. The rate of accumulation of reserves as well as the optimal allocation principle vis-à-vis the people, future uncertainty and investment opportunities. This principle ties in with those of social policy, share of State’s pie in the size of economy and many political patronage issues. In fact the principle will become the guiding rule with which a set of laws must be legislated by a truly democratically elected Parliament.
5. The entire concept behind CPF must be reexamined. There is no question that CPF makes the job of the government easier in the area of funding infrastructural expansion. However, with that ease also comes with it indiscretion in allocation of aggregate national capital expenditure. Capital is finite resource, use of which must not be taken lightly nor by a committee. The balance of power in allocation of capital in this country is ridiculously tilted in favour of the government due to the existence of CPF. We must be careful of the off budget activities of quasi-national bodies that exist as private limited whose principle funding mechanism is via borrowing.
Administrative
1. Examine the impact of collectivization path that the country is moving towards. Clearly, analyze the degree with which household savings and expenditure is influenced by national decree. This is critical in two respects: one, the government must have a clear idea the extent of the impact of the decision it is making and come to an optimal level of impact; two, if the impact is too great, the government must endeavor either to lessen the impact to a level of optimality and in the mean time manage the impact gradient by acting with full knowledge of the disproportionate impact of any policy change.
2. There is a clear dichotomy in the area of finding administrative competence and affording it within the realm of reasonable pay scale, one where common man and woman can accept as one given by the State to its servants. This formula is current unacceptable, and it requires a thorough review that may impact on civil administration nation wide. This must be done carefully not because it is intricate but rather due to the existing financial commitment committed by civil servants in relation to their perked up pay scale which acts as patronage by the incumbent government. Paying up to value is fine but paying excessively for patronage is morally corrupting and socially dislocating.
Engagement
1. The critical pathway towards an evolving State must be to understand not only changes required but aspiration in general, of the people. The current policy engagement is insensitive and fiat-based, totally undesirable if we want to evolve towards “appropriately appreciative State in lieu of constant changes”. There is a need to alter that notion of “respect and disrespect”, a totally bizarre notion when it comes to engaging in highly and often passionate stance. We must accept the need to be confrontation but at the same time engaging in a manner constitutional. The era of dictation must stop because it is absolute blind to the true social and economic cost of those many policy changes.
2. There are indeed many difficulties in managing polity and disseminating its essential messages without sounding absolutely alarming. That is the reason why it is even more important to engage the people and allow them to grow into it. Not subject is beyond discussion: nuclearisation, amalgamation with another larger State or federation and many others. If we cannot allow the people to grow into such harsh and heavy topic how do we expect the people to carry the country into the next hundred years? |
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