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Pappy Heng and Gang Utterly Incompetent..

Reserves are not borrowed money.so no need to raise taxes on money that's is already there wasting its time in fixed deposit.
That's what the PAP want u to think, that it's locked up in a safe with 2 keys...a piggybank, that u can break open for rainy days.....

It used to like that in the 80s, when Spore had physical gold in the vaults...where is all the gold now? its just the paper gold or derivatives thats left...
 
All governments collect taxes but Singapore has one of the lowest tax rates in the world. You guys really are very lucky.

When governments are forced to borrow money they have to take the repayments from taxes too. I pay 30% company tax in NZ and 33% income tax. Then there is local tax in the form of astronomical rates to pay for local roads and amenities not to mention 15% GST on everything!

In Singapore I'd be paying less than one third the amount of taxes.

Singaporeans just don't realise how fortunate they are to have the PAP in charge.
But they had been hoarding cpf, indirect taxes and make the people Pay through their nose for their healthcare/ transport and essential..

How else do you explain when they pay themselves million dollar salary and hidden perks when all these money are being the hardwork and blood of serveral generation of Singaporean?
 
But they had been hoarding cpf, indirect taxes and make the people Pay through their nose for their healthcare/ transport and essential..

How else do you explain when they pay themselves million dollar salary and hidden perks when all these money are being the hardwork and blood of serveral generation of Singaporean?

CPF does not belong to them it belongs to each and every account holder and they have never defaulted on any payments. I am fully confident that the funds are managed well and that the returns are excellent.

And Singapore health care and transport are amongst the best in the world and have received high praise in many quarters.

As for their salaries they deserve every cent they earn. You are getting a bargain considering the depth of talent.

Count your blessings instead of constantly complaining. What you need is a dose of bad government before you can appreciate just how good the PAP is.
 
you all heard on TV, PM says we will do whatever it takes ...

like Draghi of ECB, money printingQE, eurozone is still in recession after 10 years..banks like Deutsche is failing, french banks and amro had bail outs...

So our reserves are infinite amount...spend your way out of deflation
 
Covid-19 had such a global effect that PAP was not spared
We shall see how they fare in this cuming erection
Hope people are not that gullible anymore
Open eyes big big see
The cracks are there so are the incompetency
 
This seems like a very silly law, not too different from the initial PMD ban. Expecting a backlash. Six months... I think most of the restaurants, cafes and pubs can start looking for another trade now.



The PAP's narrative has always been that authoritarianism leads to stability which leads to prosperity. Now that is being challenged. The Tiongs call this the 一刀切 policy, a top-down 'one knife cut' authoritarian decision making. It never ends well. Wait and see. :cool:
 
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