More reserves, more taxes

The issue of our grotesquely huge reserves came into the spotlight again
when Hsien Loong hinted of raising taxes to meet increasing expenditure
of the govt. Heng Swee Kiat also chipped in to defend the govt’s
decision not to touch the reserves, not a cent, despite appeals for the
govt to use some of the reserves, just a bit more from the gains from
investing the reserves. No one is asking