Is GDP growth the appropriate performance reward measure?
On Monday, it was revealed in Parliament by Opposition MP Low Thia Kiang that manpower expenditure for our political appointment holders saw a 30% increase from an initial estimate of $58.3million to a revised $75.7million for FY2010. In fact, total salary bill saw a 49% increase from the actual $50.8million for FY2009. The...
PAP ministers and MPs flunk Economics 101
In the Budget Statement 2011, our Finance Minister Tharman Shanmugaratnam claimed that Singapore has a highly progressive tax system. He said “… it all adds up to a highly progressive fiscal system. If we add up all our taxes – income and property taxes, GST and other indirect taxes – we find that the top 10% of households...
Should we worry about inflation?
The following article was written by Kenneth Jeyaretnam at his blog - sonofadud.com Recently there has been much concern over rising inflation in Singapore. Looking at the Consumer Price Index (CPI) the average figure for the year 2009-2010 was 2.8% (shown in blue). More alarming the CPI figure in December 2010 was up by 4.6%...
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- Caoliangoh on Pakistan to nuke Israel if…
- Pandora’s box on Iran’s ‘Terrifying’ New Arsenal Brings Israel To Its Knees
- Liar on Pakistan to nuke Israel if…
- unprovoked aggression on Iran’s ‘Terrifying’ New Arsenal Brings Israel To Its Knees
- PAP mandate strong on Pakistan to nuke Israel if…
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