There is already fear of revisionist vendetta
There is already fear of revisionist vendetta by the Democratic Progressive Party and its legislators against the Kuomintang, a fear of a revisionist campaign to restrict freedom of speech by those who disagree with the DPP, and there is already fear of president-elect Tsai Ing-wen’s tax proposals even before her inauguration on May 20, 2016.
Executive director of Taiwan’s national chamber of commerce, Lai Cheng-yi, announced on February 24, 2016, that he will invite Taiwan’s six major industrial and business groups to a meeting on March 2, 2016, to present nine proposals to the new government of president-elect Tsai Ing-wen and the DPP.
Lai will propose (1) maintaining stability in cross Strait relations; (2) free trade, free flow of capital and workers, liberalization of restrictive labor laws; and (3) improve Taiwan’s investment environment, encourage innovation, improve administrative efficiency, improve the caliber of workers and welcome investor immigration, and raise salaries and wages. He also proposes not to raise taxes. President-elect Tsai Ing-wen wants to raise business tax from the current 5% to 5.5%, and she wants to raise inheritance tax from 10% to 20%.
Lai also urges the new government to recruit more business people with management experience to serve in government. He says that the new government under Tsai Ing-wen should be run like a business, and that the government should not rely on academic talent alone to run the government.
Lai says that Taiwan’s 2015 GDP growth was 0.85%, and the predicted GDP growth for 2016 is 1.47%. The first and second quarters do not look optimistic. If taxes are raised as soon as president-elect Tsai Ing-wen takes office, capital will flee and economic development will by stymied.
[Master Chen Says] From the proposals presented by the DPP legislators between February 19, 2016, and February 24, 2016, it seems that the legislature will again be mired in dysfunctional political vendetta. It also seems that historical revisionism may become a political campaign to smear those who hold a different historical view from that of the DPP now in power.
And all of this seems to be happening right now, even three months before president-elect Tsai Ing-wen officially takes office.
What a shame!