Is Singapore becoming the next Cayman islands?
Is Singapore becoming the next Cayman islands? A bit about the Cayman islands - In the 1990's, the Cayman island is a haven for people who are in the money laundering service. The low-tax regimes banks on the island allows anyone (regardless of background) to deposit huge amount of money. That amount of money will be used...
Ng Kok Lim rebuts NUS study on CPF sufficiency for SG retirements
(Photo Yahoo!News) I refer to the NUS Department of Economics study concluding that CPF is sufficient for the retirement needs of young Singaporeans joining the workforce today [1]. Adequate income replacement doesn’t mean adequate income The study strives to show that pre-retirement earnings can be adequately replaced in...
How to Save the Middle Class? Focus on Prosperity
The American Presidential elections in 2012 is viewed by many, both on the left and the right as a referendum on Obama's socialism, in the form of Obamacare and high tax rates. Left leaning observers, such as Tan Jee Say viewed Obama's victory as a green light to higher taxes and social security. However, there are a lot...
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