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(02-11-2021, 08:17 AM)sgbuffett Wrote: Will never happen in Singapore
PAP run this as a tax haven for high income and rich.
Compare taxes of rich in Singapore vs other countries...there is a big disparity
You cant use old thinking to challenge the new world.
Need to make changes...This is I- Ching.
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
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The mega rich are usually the unscrupulous type that reside here instead of their home cuntry. They should be taxed heavily
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(02-11-2021, 06:04 AM)Levin Wrote: Tham Yuen-C
Senior Political Correspondent
PUBLISHED 7 HOURS AGO
SINGAPORE - Workers' Party MP Jamus Lim (Sengkang GRC) has proposed imposing a wealth tax of 0.5 per cent to 2 per cent on the most wealthy here, saying that it could help diversify Singapore's revenue sources and also reduce income and wealth inequality.
......
He cited the goods and services tax (GST), which he said affects lower-middle and middle-income families disproportionately, even after taking into account the current GST voucher scheme. The rich account for about 11 per cent of revenue from GST, he added.
......
Prof Lim proposed a tax of 0.5 per cent on net wealth in excess of $10 million, rising to 1 per cent for wealth above $50 million and 2 per cent for wealth above $1 billion
https://www.straitstimes.com/singapore/p...he-richest
Make s lot of sense to me.
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(02-11-2021, 08:20 AM)dynamite Wrote: Above 10 mil will affect ministers and many elite?
Ministers here will not be affected cos they only earn a million plus per annum.....
(This post was last modified: 02-11-2021, 09:57 AM by
debono.)
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(02-11-2021, 09:32 AM)miketan Wrote: Zoom in at the photo in the article and take a good look at Janus left neck. See the black gap there? Is this normal?
![[Image: janus.jpg]](https://i.ibb.co/SKtVfkB/janus.jpg)
Shadow
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(02-11-2021, 09:39 AM)debono Wrote: Ministers here will be affected cos the earn a remuneration of above 10 million per annum....Therefore they will object profusely..... 
Where got 10 million per annum? Fake news. I think the old sgtalk closed down because of u.
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(02-11-2021, 09:38 AM)lionkingch55 Wrote: Make s lot of sense to me.
Even with a high tax for the ultra rich, they still have a lot more to spend. They are humans, and they don't dine on gold leaf.....
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(02-11-2021, 06:34 AM)RiseofAsia Wrote: Too little... At least 5%.
10% la 5% too little
I am just a tiny plankton in the ocean.
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Start with the low-hanging fruit first. Instead of wealth tax, increase property tax for high-end residential properties and non-owner-occupied properties.
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Won't happen. They are in that group.
Many years ago, they raised estate duty waiver amount from 1 mil to 10 mil. They lower income tax for high bracket earners and they introduce gst.
Obvious.
.
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(02-11-2021, 09:45 AM)winbig Wrote: Where got 10 million per annum? Fake news. I think the old sgtalk closed down because of u.
My apologies, there was a error in my mental calculation, I had made amendments on this.......
(This post was last modified: 02-11-2021, 10:29 AM by
debono.)
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(02-11-2021, 09:32 AM)miketan Wrote: Zoom in at the photo in the article and take a good look at Janus left neck. See the black gap there? Is this normal?
Bro that is just shadow...plse create your own website to post such things....
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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Well done Jamus. Good start However, unlikely to be accepted by pap as almost all are very rich. For a long time, the public has been urging them to have higher tax rate for those earning >$1 mil but they
kept evading the topic and retain highest tax bracket at $350k. Our rich are not paying enuf tax. Worse is they only keep pushing for higher GST .
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i am very doubtful the tax money collected will be put in good use under those in white
I am just a tiny plankton in the ocean.
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This should be the way. If we're afraid that the rich will go away because of increased tax then this place is simply not attractive enough.
Ministers always said it is untenable to make this a 'cheap' place so likewise, we must signal to the rich that this place is not cheap, but it carries with it other benefits.
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(02-11-2021, 07:48 AM)RiseofAsia Wrote: Even Warren Buffett also mentioned pay too little tax.
chinese are by nature more greedy then ang moh
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(02-11-2021, 09:38 AM)Stoki Wrote: The mega rich are usually the unscrupulous type that reside here instead of their home cuntry. They should be taxed heavily
G20 do mention increase taxes , yesterday PM lee claim " will look into how to change etc come SG " I don't know what he plan to do or just " say only " for the seek attend in G20 anywhere he is just been invited Only.
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(02-11-2021, 12:02 PM)talky Wrote: chinese are by nature more greedy then ang moh
For the Malays their sound of drum is tak untong, tak untong, for the Indians it is seekit seekit untong, but for the Chinese it is tong tong chiang....
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come taxes, the KEY is How much Gov cater to help the society THAN FEEDING MORE FOR Themselves as Minister wages, etc you see how much their wages increase. They are " smart " come this don't mention want to increase their wages often
is when going to increase will one shot increase a lot.
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(02-11-2021, 12:35 PM)[[ForeverAlone]] Wrote: come taxes, the KEY is How much Gov cater to help the society THAN FEEDING MORE FOR Themselves as Minister wages, etc you see how much their wages increase. They are " smart " come this don't mention want to increase their wages often
is when going to increase will one shot increase a lot.
The MIW remuneration will be increased by leaps and bounds....even though many here got retrenched or unemployed or underemployed...Haiz.
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