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Archive for the ‘Opinions’ Category
Don’t blame kiasu parents, blame PAP government

Don’t blame kiasu parents, blame PAP government

So despite TOC carrying education minister’s balls in Wah lan! TOC praises PAP govt, he says more needs to bee done, but that SAP schools remain an OB marker. This reminded me that “In Love, Money & Parenting”, Matthias Doepke and Fabrizio Zilibotti, write that economic trends are the underlying drivers of various... 

Budget 2019 – possible to abolish GST

Budget 2019 – possible to abolish GST

I searched the MOF website for details of the revenue and expenses for Budget 2019. I found many colorful charts and figures showing how the government is taking care of the needs of various groups of people.  Here is an example. I searched for the actual figures on the revenue and expenses. I wanted to see if it is possible... 

Serious and fundamental flaws in how our CPF funds are allocated

Serious and fundamental flaws in how our CPF funds are allocated

The size of Singapore’s CPF fund as of Q3 2018 was $383.9B, equivalent to approx. US$284B with 2 million active members and approx. 800,000 retirees. We recently heard that the average return is a few hundred dollars for a maximum of 30 years. (incidentally our CPF fund is the 8th largest “pension fund” in the world when... 



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