Calvin Cheng
Businessman and former Nominated Member of the Parliament of Singapore
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Sep 17, 2026
Unpopular opinions: ministerial pay increase & SIA's Air India deal (feat. Calvin Cheng) | Ep20
10:51
11:09
11:13
M
10:45MarcusHOST
With this context, do you think that the deal is a much better deal right now?

Calvin ChengGUEST
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.

Calvin ChengGUEST
Something that might not have been a good investment 25 years ago might be a good investment now.

Calvin ChengGUEST
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
M
21:51MarcusHOST
Vox Populi goes to...
Ministers in Singapore: NOT PAID ENOUGH?!
5:40
5:48
10:49
11:03

Calvin ChengGUEST
Right? And, um, I think this comes down to this, um, misunderstanding, I feel, that leaders should be servants.

Calvin ChengGUEST
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-
D
10:43DeniseHOST
Yeah.

Calvin ChengGUEST
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.

Calvin ChengGUEST
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-
