My main wish-list for budget 2018 – help the elderly poor
For this year budget 2018, I only have one main wish-list for Mr Heng Swee Kiat our finance minister – better welfare for our elderly poor. To be fair, the elderly always get prime attention for the past few budgets but in reality there is nothing substantial in store for them. Except for the mediocre Silver Support Scheme...
Budget 2018: Same Old Cliches As Heng Makes Your Money Vanish in the Uniquely Singaporean Version of the Shell Game
Budget time and my first thought was that I had stepped into a time machine and been transported back to last year’s Budget. In fact the same could be said about any of the Budgets over the last five years. The Government could save a lot of money by eliminating the need for a Finance Minister. Instead they could just replay...
Singapore Does Badly in World Bank Report on Wealth of Nations
Just as you would not be able to judge the financial soundness of a company by looking at its income statement but would need to see its balance sheet (and cashflow) as well, so using GDP to measure how well a country is doing also has major flaws. In fact GDP is worse because whereas the income statement for a company is meant...
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