Budget 2014

[tanwahp]

Humans have learned to adapt to their environment over hundreds of thousands of years. Some communities had to adapt to heat. Others had to adapt to cold.

Today's world is no different. Each country has its own set of challenges. In Singapore, it is the price of cars and housing so this has to be taken into consideration when choosing a career and when planning a budget.

Government policies exist in any country where rules and regulations exist for the overall good of society. People need to adapt and take full advantage of what is on offer. There's no point whinging and complaining over things that you have no control over. Learn to work the system to your advantage.

What if the government taxes 100% of your income? Would you still say that it's your personal responsibility to adapt?

 

[TracyTan866]

take a look at macau with their surplus. remove your blinkers
we all know you need urgent medical treatment to your right eye

hahahaha...

 

[TracyTan866]

most people can;t even smell their CPF cos they dropped dead when they reached 55.

the pap wants to provide HC with cheap funds

 

[TracyTan866]

The gahment don't trust us to handle our monies esp CPF whilst we don't trust the gahment to take care of our best interests.

the govt lie is that Singaporeans cant be trusted with their own money. the truth is the pap wants cheap source of fund for HC and TH to gamble

 

[TracyTan866]

I am sure u will repeat this when COE hits $500k and 3 rm HDB hits $1m!! U can continue to play in this stupid game, me? The rest of us will revolt and change gahment and rules of the game!!

best to ignore Sam's idiotic reasoning

 

[TracyTan866]

What if the government taxes 100% of your income? Would you still say that it's your personal responsibility to adapt?

the pap has taxed, levied and squeezed singaporeans until they are dry

 

[Leongsam]

The gahment don't trust us to handle our monies esp CPF whilst we don't trust the gahment to take care of our best interests.

People keep harping about CPF but even if their CPF was handed to them 100% at the age of 55, it wouldn't last a lifetime. You'd be destitute before you die a sorry death.

Take someone who has $200,000 in their CPF and they're allowed to withdraw all of it.

If their expenses come to $1200 per month, it will be all gone in 18 years (assuming compound interest of net 3% pa) so what is going to happen in the last 7 years of your life??? You'll be penniless.

People who want comfortable retirements have to plan their own retirement funds. CPF is just icing on the cake. It will never be the main dish. No retirement fund in any country meets the needs of everyone.

 

[enterprise2]

the pap has taxed, levied and squeezed singaporeans until they are dry

It's not the direct tax that's killing us. It's the indirect taxes eg COE and the resultant impacts that's cause costs of living to go up. Those r killers!!

 

[TracyTan866]

It's not the direct tax that's killing us. It's the indirect taxes eg COE and the resultant impacts that's cause costs of living to go up. Those r killers!!

yes...the overall tax, levy, etc system squeezes Singaporeans dry

 

[TracyTan866]

It's not the direct tax that's killing us. It's the indirect taxes eg COE and the resultant impacts that's cause costs of living to go up. Those r killers!!

the pap already taxed you on your property. in addition, it levies you for each toilet bowl in ur home. and pap charges water borne fee, and GST on all these taxes too

 

[chootchiew]

People keep harping about CPF but even if their CPF was handed to them 100% at the age of 55, it wouldn't last a lifetime. You'd be destitute before you die a sorry death.

Take someone who has $200,000 in their CPF and they're allowed to withdraw all of it.

If their expenses come to $1200 per month, it will be all gone in 18 years (assuming compound interest of net 3% pa) so what is going to happen in the last 7 years of your life??? You'll be penniless.

People who want comfortable retirements have to plan their own retirement funds. CPF is just icing on the cake. It will never be the main dish. No retirement fund in any country meets the needs of everyone.

so for some folks who is broke at 55, die first then resurrect to use the cpf 10 yrs later ?

 

[TracyTan866]

so for some folks who is broke at 55, die first then resurrect to use the cpf 10 yrs later ?

many singaporeans r broke because of what the pap do

 

[Leongsam]

What if the government taxes 100% of your income? Would you still say that it's your personal responsibility to adapt?

Yes you get out of there before that happens. Only creatures with very low IQs do nothing but wait for their own demise.

[h=2]Take Charge of Your Life ---- Story of the Frog in Boiling Water[/h]
February 14, 2013 at 11:25pm

Remind yourself that you are too smart to be complacent about a steadily deteriorating situation.

You’ve no doubt heard the story of the frog in boiling water. If you drop a frog into boiling water, it immediately jumps out (or so the story goes). However, if you put a frog in a pot of room-temperature water, and then bring the water to a boil very, very slowly, the frog will stay in the water until it dies. It’s an odd experiment that I have no intention of testing in my kitchen, but it’s an apt metaphor for how people sometimes deal with slowly deteriorating situations.

 

[Leongsam]

so for some folks who is broke at 55, die first then resurrect to use the cpf 10 yrs later ?

If someone is dead broke at 55. It's their own fault not the government's.

 

[Leongsam]

many singaporeans r broke because of what the pap do

Many Singaporeans are also very wealthy thanks to the PAP. It cuts both ways.

 

[Cerebral]

The financial health of each individual is a personal responsibility not a government responsibility.

No budget in any country is going to cater to the needs of each and every individual. The amounts are always far too small to make any significant difference.

If you want to be free of financial problems, you have to take it upon yourself to learn sound financial management and fiscal discipline. Don't expect the Finance Minister to babysit you from cradle to grave.

The ideas put forward by you sounds so elitiest and PAP-like. Have you considered that a group of the citizens have to live through 40's occupation, 50's recovery, 60's riots and mess, 70's struggle? What financial planning can they have? Having food on the table is already quite an achievement.

There is also a group, through no fault of theirs, are disadvantaged? Accident cases, people born with disabilities, mentally ill ones, including ones under depressions, etc...

Don't forget that there are those who were caught out by unexpected situations, like the financial crisis, or smaller events like the new loan ruling that appeared overnight that caught out a tons of second hand car dealers. These were not their doing and they were doing business as normal, and they don't deserve this.

The role of a nation is very different from a commercial entity. A nation has to be sustainable, yet look after the disadvantaged or people who just simply needs a second chance. Its a balancing act and it needs people with a big heart to run it. That's why being a public servant, at the top and not the clerk at the counter, is a special calling and not a money making scheme.

So Sam, do not use the same lens to view the world. Its a kaleidoscope.

 

[Leongsam]

It's not the direct tax that's killing us. It's the indirect taxes eg COE and the resultant impacts that's cause costs of living to go up. Those r killers!!

Nobody is forced to bid for that stupid piece of paper. That's a personal choice.

Lots of Ang Mohs don't bother owning cars even though they could afford them. They ride bicycles to work and save a ton of money.

 

[Leongsam]

So Sam, do not use the same lens to view the world. Its a kaleidoscope.

The Singapore government already takes care of such people. If they didn't, I'd be seeing corpses littering the streets of people dying from starvation and disease.

Google "comcare singapore" All the details are there.

What the Singapore government does not do is make it EASY to sit back and enjoy a host of welfare benefits and rightly so. If money was handed out like lollies at a party, the freeloaders would swoop in like vultures to enjoy the windfall.

 

[Leongsam]

Example of what a person who is unable to work gets under comcare in Singapore

Permanently Unable to Work

* Also known as Public Assistance

Are you permanently unable to work and need help to support yourself?

• How To Qualify
• Assistance Provided
• How To Apply

From 1st April 2013, you may receive:

Cash assistance
To support daily living expenses. The amount of cash grant depends on the size of your household.

Additional assistance for children
To support a school-going child's out-of-pocket expenses, up to $150 per child per month.

Cash Assistance Rates (Primary Tier Assistance)



[TABLE="width: 558"]
<tbody>[TR]
[TD="colspan: 2"]Household Type[/TD]
[TD]Rates[/TD]
[/TR]
[TR]
[TD]Household Size[/TD]
[TD]1 Person[/TD]
[TD]$450[/TD]
[/TR]
[TR]
[TD]2 Persons[/TD]
[TD]$790[/TD]
[/TR]
[TR]
[TD]3 Persons[/TD]
[TD]$990[/TD]
[/TR]
[TR]
[TD]4 Persons[/TD]
[TD]$1,180[/TD]
[/TR]
[TR]
[TD]Additional children’s assistance[/TD]
[TD]Per child[/TD]
[TD]$150 additional[/TD]
[/TR]
</tbody>[/TABLE]

Secondary assistance
To help those with recurring hygiene essentials or consumables e.g. adult diapers, stoma bags, diabetic consumables and nutritional milk supplements.

Discretionary assistance
To help those with one-off special needs e.g. commode of household appliances.


Secondary and Discretionary Tier Assistance


[TABLE="width: 558"]
<tbody>[TR]
[TD]Types of Assistance[/TD]
[TD]Examples[/TD]
[TD]Frequency[/TD]
[/TR]
[TR]
[TD]Secondary[/TD]
[TD]Recurring essentials e.g. adult diapers, stoma bags, diabetic consumables, dietary supplements[/TD]
[TD]Monthly[/TD]
[/TR]
[TR]
[TD]Discretionary[/TD]
[TD]Once-off medical equipment e.g. commode, oxygen respirator
Once-off household appliances e.g. beds, mattress[/TD]
[TD]Once-Off[/TD]
[/TR]
</tbody>[/TABLE]

Medical assistance
PA recipients receive free medical treatment at polyclinics and government/ restructured hospitals.

Education assistance
School-going children of PA recipients receive help for school and miscellaneous fees as well as school books.

Supplementary community assistance
PA recipients receive free or highly subsidised access to a range of social support services e.g. home help, senior activity centres and day activity centres funded by the government.









- See more at: http://app.msf.gov.sg/ComCare/FindT...anentlyUnabletoWork.aspx#sthash.m6Z8QjTZ.dpuf

 

[enterprise2]

Nobody is forced to bid for that stupid piece of paper. That's a personal choice.

Lots of Ang Mohs don't bother owning cars even though they could afford them. They ride bicycles to work and save a ton of money.

We all want quality of life anywhere. The car is just a means to an end. Give us good alternate solutions and we will gladly give up our love for cars. At the moment the choice is getting into a human crush in a unreliable MRT vs driving in comfort !!