GST should be removed totally
Tan Kin Lian Many people said - "We have a budget surplus of $9.6 billion n 2017. There is no need to increate GST. Let us keep it at 7%. We should not keep GST at 7%. We should remove GST totally. Why? If we remove GST totally, we will reduce the cost of living by 9% to 10%. 7% is from GST directly. Another 2% to 3% is from...
$160 billion in land sales revenue since 2007 but GST still must increase?
The planned 2% GST rate hike between 2021 and 2025 defies common sense. This is because the PAP government has hoarded hundreds of billions in land sales revenue. According to archived records**, land sales revenue amounted to $160 billion since 2007 Including returns, this amount should have increased to at least $250...
Actual Reserve vs Projected Estimate of Reserves
The Projected Estimate of Reserves should have crossed $1 trillion by 2005 under conservative estimation. This is calculated by adding all: - land sales revenue - foreign direct investment - CPF contributions - Yearly budget surpluses and deficits - Compounded returns of reserves - Transfers from statutory boards and assets...
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