Fear of loss of privacy with the use of digital currency
One reason that is often quoted against the use of digital currency is that the government can keep track of the citizens - where they go, what they spend on. This fear is overblown. Already, the current ecosystem allows the private companies to have the data. The government can have access to the data, if there is a need. A...
The Enormous True Size of the Reserves
During the Budget Debate on Friday 26 February Heng was asked about using the proceeds from land sales in the Budget. His answer was deliberately disingenuous: “The current approach of spending the land sales proceeds through the NIRC (Net Investment Returns Contribution) avoids these pitfalls, and allows the Government to...
This year’s budget
Click to enlarge This year’s budget, like last year’s, have schemes to bailout businesses. A portion of both budgets goes towards paying the wage bill of businesses (Job Support Scheme), although that is not the only bailout scheme. One can look at the schemes as supporting jobs or one can look at them as bailing out businesses...
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