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Calvin Cheng

Calvin Cheng

Businessman and former Nominated Member of the Parliament of Singapore

Sep 17, 2026

MarcusHOST
10:45
With this context, do you think that the deal is a much better deal right now?
10:49
I think to begin with, I think there are a few questions.
10:51
Firstly, I think that the whole LKY thing, you cannot take a quote from 25 years ago and apply it now because investment environments change, investment logics change.
11:03
So I think it's irrelevant.
11:05
I mean, philosophically and logically, the past doesn't predict the future.
11:09
Something that might not have been a good investment 25 years ago might be a good investment now.
11:13
So let's put this aside, and I want to say that it's very, to begin with, it's illogical to be quoting LKY in this, right? Similarly to the whole income insurance thing about, I think a lot of these public intellectuals like Tommy Cole was saying how income insurance was founded as an insurer of last resort, how people really needed it when Singapore was being founded.

10 MINS LATER

MarcusHOST
21:51
Vox Populi goes to...
5:40
Yep.
5:40
Right? And, um, I think this comes down to this, um, misunderstanding, I feel, that leaders should be servants.
5:48
And I think the reason why a lot of leaders around the world are failing is because there's this political charade that if a, a, a political leader also has to make a sacrifice, they need to have a passion for the people- That is all well and good, but I would rather have a-
DeniseHOST
10:43
Yeah.
10:43
Because these numbers are astronomical to someone who's making a normal wage.
10:49
So I th- I, I, I believe that a truly competent leader with the right EQ and IQ would be able to do those jobs without being, without having to lead the same kind of life.
11:03
And I actually would like to have a contrarian view in the sense that the way they've structured it is such that the salary is a discount on the private sector-

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