Is there a black hole in government reserves?
With an estimated more than $1 trillion reserves, there is no justification for another GST tax hike. That PAP has insisted on raising GST by 2% after GE2020 has raised concerns about the state of our reserves. This is because a $1 trillion reserves generating net/expected real returns of 4% amounts to $40 billion. (Excluding...
The Art of Adding Insult to Injury
Forgo the GST hike and Singaporeans could end up finding imported goods and holidays less affordable. This was the warning given by Chan Chun Sing at a Lunar New Year dinner. The pain of having to contend with price hikes and tax hikes is bad enough. But politicians like Chan have the habit of making it worse by giving excuses...
Game Over Singaporeans!
Well, been some quite time since last article. From 1980s till now, I was actively monitoring the politics of Singapore. The likes of Cheng San GRC, Eunos GRC and Hougang SMC. From that time and looking at the policies and how they acted on those innocent political dissidents like Tang Liang Hong and Francis Seow and also their...
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- Singaporeans R Free Riders on Congratulations to Techie Andrew on his newborn
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