Responding to Shanmugam’s comment that ‘younger Singaporeans should not be burdened with taxes’
In response to Mr Shanmugam's comment on the recent budget debate that "younger Singaporeans should not be burdened with taxes" (Todayonline's article, 'Looking out for the young and old'), I would like to put to you that: 1. The Singapore education system does not allow equal opportunities for all e.g. children with a different...
Citigroup failed US Fed’s stress tests
4 US financial institutions, including Citigroup, have failed stress tests designed to show they could withstand a financial shock. The Federal Reserve said Citi, SunTrust, Ally Financial and MetLife failed to show they have enough capital to survive another serious downturn [Link]. Citigroup is the third-largest US bank. The...
“Younger S’poreans should not be burdened with taxes” and “only about 50% of S’poreans pay taxes”
Minister K Shanmugam has said that the Government does not want younger Singaporeans to be saddled with tax burdens, even as it ensures that the elderly are taken care of and no one is left behind. When I read the above, I could only chuckle and then sigh. I had juz posted my very mixed tots about Mohammad Charlie Jasni who...
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