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27-02-2015, 01:30 AM
An honorable member of the Coffee Shop Has Just Posted the Following:
Ten fundamental flaws of 2015 pre-election goodies budget:
1. GST rebates for the low-income and more for senior citizens aged above 55
A total of 1.4 million Singaporeans will benefit from the GST rebate to the tune of $300 – with an additional $50. Previously, the GST rebate was $250.
Seniors age 55 years old and above will receive double – $600 and those age 65 years old and living in HDB estate will receive $900.
It is felt that the PAP is trying its utmost to reach out to the senior citizens who are mostly crippled by the high cost of living and little retirement means due to a lifelong slavery of low wages and our stifling CPF retirement scheme.
It is envisaged that a huge group of pro-PAP veterans may switch camp because of this survival issue.
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2. The government will halve the maid’s worker levy from $120 to $60 for those families helping the elderly and young children for a year starting from May 1.
Though this move is laudable as it will help many middle income families who belong to the sandwiched generation, many Singaporeans often wonder what do the government does with the levy collected which can total a few billions a year?
Its a massive passive income enjoy by the government as more than 800,000 foreign workers working here currently are paying foreign worker levy which is borned mostly by the employers. More can be spelled out as to how the government spend the ultra-billion-dollar levy collected?
Moreover, most employers will pass the cost of the levies down to the consumers who will pay more either for services rendered or food consumed.
Our food prices have climb alot these past few years and this will surely be a key issue for the coming election rallies.
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3. One-year road tax rebate of 20% for cars, 60% for motorcycles and 100% for light commercial car vehicles to offset higher petrol duties
This is a seldom heard of concession given and spell of early election call. Many also ponder why imposes higher petrol duty charge when petrol price has being sky-falling the past few months?
Its commonly believe by many that our government will give you one dollar and takes back two in return if not more.
Anyway, Singaporeans pay the highest cost of owning a private vehicle in the world and a huge part of the cost is earn by the government by way of a 10-year COE tenure. Our COE averages $60, 000 for all vehicle sizes and only the higher middle-income can afford to drive nowadays further driving up the class division of our society.
We now have the highest gini co-efficient status in the world and this does not augur well for everyone living here.
One also wonders can the government curb the vehicle inflow by way of COE but not to collect the levy money? Its another massive passive income designed by Minister Mah Bow Tan of which little is known of it’s usage.
Many people I heard could not afford another COE when their’s expired after 10 years and they have to ditch the cars in frustration as the COE has climbed too high for them to be able to afford.
They either switch to taking cabs daily or cram into sardined-like trains further frustrating them in the process.
Many middle-income voters will surely take transportation into consideration when they vote as it is something that affects their lifestyle and comfort.
4. For workers aged 50-55, the CPF contribution rate...
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http://www.tremeritus.com/2015/02/26...oodies-budget/ (http://www.tremeritus.com/2015/02/26/ten-fundamental-flaws-of-2015-pre-election-goodies-budget/)
Click here to view the whole thread at www.sammyboy.com (http://sammyboy.com/showthread.php?201501-Ten-Fundamental-Flaws-of-2015-Pre-election-Goodies-Budget&goto=newpost).
Ten fundamental flaws of 2015 pre-election goodies budget:
1. GST rebates for the low-income and more for senior citizens aged above 55
A total of 1.4 million Singaporeans will benefit from the GST rebate to the tune of $300 – with an additional $50. Previously, the GST rebate was $250.
Seniors age 55 years old and above will receive double – $600 and those age 65 years old and living in HDB estate will receive $900.
It is felt that the PAP is trying its utmost to reach out to the senior citizens who are mostly crippled by the high cost of living and little retirement means due to a lifelong slavery of low wages and our stifling CPF retirement scheme.
It is envisaged that a huge group of pro-PAP veterans may switch camp because of this survival issue.
line_divider
2. The government will halve the maid’s worker levy from $120 to $60 for those families helping the elderly and young children for a year starting from May 1.
Though this move is laudable as it will help many middle income families who belong to the sandwiched generation, many Singaporeans often wonder what do the government does with the levy collected which can total a few billions a year?
Its a massive passive income enjoy by the government as more than 800,000 foreign workers working here currently are paying foreign worker levy which is borned mostly by the employers. More can be spelled out as to how the government spend the ultra-billion-dollar levy collected?
Moreover, most employers will pass the cost of the levies down to the consumers who will pay more either for services rendered or food consumed.
Our food prices have climb alot these past few years and this will surely be a key issue for the coming election rallies.
line_divider
3. One-year road tax rebate of 20% for cars, 60% for motorcycles and 100% for light commercial car vehicles to offset higher petrol duties
This is a seldom heard of concession given and spell of early election call. Many also ponder why imposes higher petrol duty charge when petrol price has being sky-falling the past few months?
Its commonly believe by many that our government will give you one dollar and takes back two in return if not more.
Anyway, Singaporeans pay the highest cost of owning a private vehicle in the world and a huge part of the cost is earn by the government by way of a 10-year COE tenure. Our COE averages $60, 000 for all vehicle sizes and only the higher middle-income can afford to drive nowadays further driving up the class division of our society.
We now have the highest gini co-efficient status in the world and this does not augur well for everyone living here.
One also wonders can the government curb the vehicle inflow by way of COE but not to collect the levy money? Its another massive passive income designed by Minister Mah Bow Tan of which little is known of it’s usage.
Many people I heard could not afford another COE when their’s expired after 10 years and they have to ditch the cars in frustration as the COE has climbed too high for them to be able to afford.
They either switch to taking cabs daily or cram into sardined-like trains further frustrating them in the process.
Many middle-income voters will surely take transportation into consideration when they vote as it is something that affects their lifestyle and comfort.
4. For workers aged 50-55, the CPF contribution rate...
line_divider
http://www.tremeritus.com/2015/02/26...oodies-budget/ (http://www.tremeritus.com/2015/02/26/ten-fundamental-flaws-of-2015-pre-election-goodies-budget/)
Click here to view the whole thread at www.sammyboy.com (http://sammyboy.com/showthread.php?201501-Ten-Fundamental-Flaws-of-2015-Pre-election-Goodies-Budget&goto=newpost).