PAP ministers and MPs flunk Economics 101
In the Budget Statement 2011, our Finance Minister Tharman Shanmugaratnam claimed that Singapore has a highly progressive tax system. He said “… it all adds up to a highly progressive fiscal system. If we add up all our taxes – income and property taxes, GST and other indirect taxes – we find that the top 10% of households...
Should we worry about inflation?
The following article was written by Kenneth Jeyaretnam at his blog - sonofadud.com Recently there has been much concern over rising inflation in Singapore. Looking at the Consumer Price Index (CPI) the average figure for the year 2009-2010 was 2.8% (shown in blue). More alarming the CPI figure in December 2010 was up by 4.6%...
About your landlord
Today (17 February 2011) the Department of Statistics issued a press release* stating that the median monthly income from work among resident households had increased by 3.1% in 2010. They state the real increase as being 0.3%. Similarly median monthly income from work for employed households was reported as having risen by...
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