Reform of Public Finance direction
I would disagree with the Finance Minister that we should finance infrastructure spending with issuing Government bonds. There is no reason for a country to raise funds through bonds when it has excess money stuffed into the reserves via land sales revenue. Land sales is based on selling land with 99 years lease. Can putting...
Ex-NTUC Chief debunks GST propaganda by PAP supporter
The supporter of GST has put up three reasons why they think that GST is "good" for the country. Let me debunk these reasons: a) GST is on spending. If you don't spend, you do not need to pay GST. Do people need to spend on food? Medicine? Doctor's fees? Drink water? They have to pay GST on all of these spending. Can they stop...
Budget 2018: State investment returns now biggest contributor of government revenue, economy in trouble
Budget 2018 and recent budgets confirm one thing: our economy is in trouble. In managing Singapore as a corporation, the PAP government should be able to generate revenue mostly from direct and indirect taxes. Instead, it has been increasingly reliant on contributions from “Investment and Interest” returns under the NIR...
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