What's wrong with subsidies?

"I read the newspapers and the simplest thing is to write and say, subsidise. Rice, oil, bus fares, even putting seat belts on school buses. That is the surest way to go downhill” LKY


I don't agree with his views on this. Subsidies or handouts are different forms of welfare. If one is wrong, both are wrong. Anyway, I don't think Singaporeans are asking for subsidies to the extent of giveaways