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23-03-2015, 12:30 AM
An honorable member of the Coffee Shop Has Just Posted the Following:
SingFirst is proposing to spend an additional S$6 billion a year - over and above what the government is spending - to tackle what it described as “rising inequality”, funded from the net investment returns (NIR). The NIR allows the government to spend up to 50 per cent of expected long-term real returns on its net assets managed by the Government of Singapore Investment Corporation (GIC), Monetary Authority of Singapore (MAS) and more recently Temasek Holdings.
SingFirst said the money will be spent to provide free education, higher subsidised child care and higher transport subsidies, among other things. The biggest ticket item is an old-age pension of S$300 a month for 600,000 senior citizens. The party also wants to phase out the Goods and Services Taxes (GST) by increasing taxes on higher income individuals.
SingFirst declined to reveal where it plans to contest at the next general election. But the party has a team of five “campaign managers” walking the ground at Marine Parade GRC. “This will allow SingFirst to develop a template and model on what needs to be done for an effective campaign with strategies including door-to-door visits. We will use the template to cover other GRCs as and when required,” it said.
“Our goal is regime change, not just checks and balances,” added the opposition party.
- CNA/dl
http://www.channelnewsasia.com/news/...t/1733146.html (http://www.channelnewsasia.com/news/singapore/singaporeans-first/1733146.html)
Click here to view the whole thread at www.sammyboy.com (http://www.singsupplies.com/showthread.php?203172-SingFirst-plans-to-spend-6-Billion-from-GIC-and-Temasek-Will-Tony-say-YES&goto=newpost).
SingFirst is proposing to spend an additional S$6 billion a year - over and above what the government is spending - to tackle what it described as “rising inequality”, funded from the net investment returns (NIR). The NIR allows the government to spend up to 50 per cent of expected long-term real returns on its net assets managed by the Government of Singapore Investment Corporation (GIC), Monetary Authority of Singapore (MAS) and more recently Temasek Holdings.
SingFirst said the money will be spent to provide free education, higher subsidised child care and higher transport subsidies, among other things. The biggest ticket item is an old-age pension of S$300 a month for 600,000 senior citizens. The party also wants to phase out the Goods and Services Taxes (GST) by increasing taxes on higher income individuals.
SingFirst declined to reveal where it plans to contest at the next general election. But the party has a team of five “campaign managers” walking the ground at Marine Parade GRC. “This will allow SingFirst to develop a template and model on what needs to be done for an effective campaign with strategies including door-to-door visits. We will use the template to cover other GRCs as and when required,” it said.
“Our goal is regime change, not just checks and balances,” added the opposition party.
- CNA/dl
http://www.channelnewsasia.com/news/...t/1733146.html (http://www.channelnewsasia.com/news/singapore/singaporeans-first/1733146.html)
Click here to view the whole thread at www.sammyboy.com (http://www.singsupplies.com/showthread.php?203172-SingFirst-plans-to-spend-6-Billion-from-GIC-and-Temasek-Will-Tony-say-YES&goto=newpost).