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Archive for the ‘Society’ Category
GST Hike: Singaporeans have the trump card

GST Hike: Singaporeans have the trump card

The delay in the implementation of the Goods and Services Tax (GST) is one that is well thought out and calibrated by the government. But Singaporeans do not have to take it lying down – there is recourse to call the shots. By announcing that GST will go up to 9% sometime between 2021 and 2025, the PAP leaves itself some wiggle... 

Is there a black hole in government reserves?

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... 

Imperialism of the Day

Imperialism of the Day

I was a bit curious when I read about PM Lee's praise of LTK's speech. I actually bother to do a search and listen to his speech. I was a bit shock when I heard him saying that China might become an "Imperialist Power" and behave like Japan during the Second World War! It cannot be the case that the negative nuance of such provocative... 



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