LMW:๐๐๐๐๐๐ ๐๐๐๐ ๐๐๐ ๐๐๐๐๐๐๐๐๐๐ ๐๐๐โ๐ ๐๐๐๐๐๐๐ ๐๐๐ - Printable Version
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+--- Thread: LMW:๐๐๐๐๐๐ ๐๐๐๐ ๐๐๐ ๐๐๐๐๐๐๐๐๐๐ ๐๐๐โ๐ ๐๐๐๐๐๐๐ ๐๐๐ (/Thread-LMW-%F0%9D%90%93%F0%9D%90%87%F0%9D%90%88%F0%9D%90%8D%F0%9D%90%86%F0%9D%90%92-%F0%9D%90%93%F0%9D%90%87%F0%9D%90%80%F0%9D%90%93-%F0%9D%90%93%F0%9D%90%87%F0%9D%90%84-%F0%9D%90%86%F0%9D%90%8E%F0%9D%90%95%F0%9D%90%84%F0%9D%90%91%F0%9D%90%8D%F0%9D%90%8C%F0%9D%90%84%F0%9D%90%8D%F0%9D%90%93-%F0%9D%90%88%F0%9D%90%92%F0%9D%90%8D%E2%80%99%F0%9D%90%93-%F0%9D%90%93%F0%9D%90%84%F0%9D%90%8B%F0%9D%90%8B%F0%9D%90%88%F0%9D%90%8D%F0%9D%90%86-%F0%9D%90%98%F0%9D%90%8E%F0%9D%90%94)
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+--- Thread: LMW:๐๐๐๐๐๐ ๐๐๐๐ ๐๐๐ ๐๐๐๐๐๐๐๐๐๐ ๐๐๐โ๐ ๐๐๐๐๐๐๐ ๐๐๐ (/Thread-LMW-%F0%9D%90%93%F0%9D%90%87%F0%9D%90%88%F0%9D%90%8D%F0%9D%90%86%F0%9D%90%92-%F0%9D%90%93%F0%9D%90%87%F0%9D%90%80%F0%9D%90%93-%F0%9D%90%93%F0%9D%90%87%F0%9D%90%84-%F0%9D%90%86%F0%9D%90%8E%F0%9D%90%95%F0%9D%90%84%F0%9D%90%91%F0%9D%90%8D%F0%9D%90%8C%F0%9D%90%84%F0%9D%90%8D%F0%9D%90%93-%F0%9D%90%88%F0%9D%90%92%F0%9D%90%8D%E2%80%99%F0%9D%90%93-%F0%9D%90%93%F0%9D%90%84%F0%9D%90%8B%F0%9D%90%8B%F0%9D%90%88%F0%9D%90%8D%F0%9D%90%86-%F0%9D%90%98%F0%9D%90%8E%F0%9D%90%94)
LMW:๐๐๐๐๐๐ ๐๐๐๐ ๐๐๐ ๐๐๐๐๐๐๐๐๐๐ ๐๐๐โ๐ ๐๐๐๐๐๐๐ ๐๐๐ - Bigiron - 26-02-2023
Quote:๐๐๐๐๐๐ ๐๐๐๐ ๐๐๐ ๐๐๐๐๐๐๐๐๐๐ ๐๐๐โ๐ ๐๐๐๐๐๐๐ ๐๐๐
Quote:Today in his Budget round-up speech, DPM Lawrence Wong claimed that I uttered an โoutright falsehoodโ in my Budget speech when I said that middle-class Singaporeans are being over-taxed. I rejected that allegation and challenged him to prove that he was not pulling wool over the eyes of Singaporeans.
Quote:DPM Wong claimed that middle-class Singaporeans are not over-taxed because the tax-benefit and tax-income ratios in Singapore are low compared to other countries. However, when I asked whether BTO subsidies and land cost are taken into the equation, he ignored my question and I was not given another opportunity to press for an answer.
Quote:The HDB transfers about $3 to $4 billion in land cost from public housing into the Reserves each year. Part of this is paid by the price that Singaporeans pay for BTO flats, and the rest is paid by a Government grant to the HDB, which is covered through taxes. The land cost that is paid by Singaporeans via HDB flat prices is not counted as a direct tax paid by Singaporeans, but the various HDB grants and subsidies can be considered social transfers which are benefits for Singaporeans. This gives the impression that the tax-benefit and tax-income ratios look favourable for middle-class Singaporeans compared to the middle-class in other countries, even though Singaporeans are actually suffering under high land costs.
Quote:DPM Wong also took issue with my point that top-ups to the various endowment and trust funds are another form of hoarding fiscal resources. He claimed that there is no fiscal slack because many of the funds will be spent in the present, not the future, and hence, we need to raise GST and other taxes. But the fact is all these funds (except for the Development, Contingency and Government Securities Fund) have outstanding assets of more than $80 billion as of FY2021/22, and the annual net decrease in the funds in FY2021/22 was less than 5% of the total funds. These funds will only be used for the benefit of Singaporeans over the next twenty years.ย
Quote:So while the Government claims that it is spending the NIRC for Singaporeans in the present, it did not really do that. Although the Governmentโs effort to collect more and spend less seems financially prudent, in this time of economic uncertainty, the Government should invest in social programs and services that would provide much-needed relief to those who are struggling. ๐ช๐ต๐ฎ๐ ๐ถ๐ ๐ฒ๐๐ฒ๐ป ๐บ๐ผ๐ฟ๐ฒ ๐ถ๐ป๐๐ถ๐ฑ๐ถ๐ผ๐๐ ๐ถ๐ ๐๐ต๐ฎ๐ ๐๐ต๐ถ๐น๐ฒ ๐ถ๐ ๐ถ๐ ๐ต๐ผ๐ฎ๐ฟ๐ฑ๐ถ๐ป๐ด ๐ฎ๐น๐น ๐๐ต๐ฒ๐๐ฒ ๐ฟ๐ฒ๐๐ผ๐๐ฟ๐ฐ๐ฒ๐, ๐๐ต๐ฒ ๐๐ผ๐๐ฒ๐ฟ๐ป๐บ๐ฒ๐ป๐ ๐ฝ๐๐๐ต๐ฒ๐ฑ ๐๐ต๐ฟ๐ผ๐๐ด๐ต ๐๐ฎ๐ ๐ถ๐ป๐ฐ๐ฟ๐ฒ๐ฎ๐๐ฒ๐ ๐น๐ถ๐ธ๐ฒ ๐๐ต๐ฒ ๐๐ฆ๐ง ๐๐ต๐ถ๐ฐ๐ต ๐ฎ๐ณ๐ณ๐ฒ๐ฐ๐ ๐บ๐ถ๐ฑ๐ฑ๐น๐ฒ-๐ฐ๐น๐ฎ๐๐ ๐ฆ๐ถ๐ป๐ด๐ฎ๐ฝ๐ผ๐ฟ๐ฒ๐ฎ๐ป๐.
Quote:Finally, the Government once again accused the PSP of โraiding the reservesโ with our Affordable Homes Scheme (AHS) proposal. This is of course, a baseless allegation because the fiscal resources required to implement the AHS is tiny, relative to the NIRC, and would not require a draw down on the reserves.
Quote:I also asked the DPM how the AHS, which guarantees every Singaporean of every generation an affordable HDB flat, is less equitable than the current BTO system, where Singaporeans will have to worry about increasingly higher BTO prices. Regrettably, the DPM sidestepped my question.ย
Quote:The overwhelming advantage of the AHS vis-a-vis the BTO system should be apparent to Singaporeans. The Government is now fearmongering that AHS would cause a crash of the resale market. I have already repeatedly shared my reasons on why it will not happen. If the Government was really prepared to consider our proposals, it could implement other policies simultaneously that will reduce or eradicate the price risk. One way is to disclose the compensation provided under VERS for existing flats, which the Government has refused to disclose any details on, despite being asked repeatedly by Opposition MPs.
Quote:It is clear that despite the calls by the Prime Minister that a credible Opposition should be able to put forward alternative policy ideas and proposals, this Government is not even debating those ideas and proposals constructively and in good faith in Parliament.ย ย
Quote:Singaporeans must send a clear message to the Government that this is not what they want.ย
Quote:Singaporeans deserve better.
Quote:For Country For People.https://fb.watch/iWPFREko71/
RE: LMW:๐๐๐๐๐๐ ๐๐๐๐ ๐๐๐ ๐๐๐๐๐๐๐๐๐๐ ๐๐๐โ๐ ๐๐๐๐๐๐๐ ๐๐๐ - Ola - 26-02-2023
DPM Wong claimed that middle-class Singaporeans are not over-taxed because the tax-benefit and tax-income ratios in Singapore are low compared to other countries
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LW did not account for Indirect taxes and levies
That is why he thinks it is low
RE: LMW:๐๐๐๐๐๐ ๐๐๐๐ ๐๐๐ ๐๐๐๐๐๐๐๐๐๐ ๐๐๐โ๐ ๐๐๐๐๐๐๐ ๐๐๐ - Gemstar - 26-02-2023
For one thing that the ruling party thought that they were totally perfect. And this is in fact an outright falsehood.
RE: LMW:๐๐๐๐๐๐ ๐๐๐๐ ๐๐๐ ๐๐๐๐๐๐๐๐๐๐ ๐๐๐โ๐ ๐๐๐๐๐๐๐ ๐๐๐ - ArielCasper - 27-02-2023
If money is spent on ppl directly and not benefiting selected few, even if raiding reserve, so what.
These are our money, as tax payers.
RE: LMW:๐๐๐๐๐๐ ๐๐๐๐ ๐๐๐ ๐๐๐๐๐๐๐๐๐๐ ๐๐๐โ๐ ๐๐๐๐๐๐๐ ๐๐๐ - Gstalk - 27-02-2023
They only enrich themselves lah.
RE: LMW:๐๐๐๐๐๐ ๐๐๐๐ ๐๐๐ ๐๐๐๐๐๐๐๐๐๐ ๐๐๐โ๐ ๐๐๐๐๐๐๐ ๐๐๐ - cheekopekman - 27-02-2023
(26-02-2023, 04:15 PM)Bigiron Wrote: https://fb.watch/iWPFREko71/
PAP must be right lah!
ย All others are wrong lah!
RE: LMW:๐๐๐๐๐๐ ๐๐๐๐ ๐๐๐ ๐๐๐๐๐๐๐๐๐๐ ๐๐๐โ๐ ๐๐๐๐๐๐๐ ๐๐๐ - RiseofAsia - 27-02-2023
(27-02-2023, 06:22 AM)cheekopekman Wrote: PAP must be right lah!
There is actually no right or wrong in the Law of Nature.
Only good or badโฆ
We are heading in the bad direction. No eyes to see.
Otherwise, they made so someย mistakes yet still in power.
RE: LMW:๐๐๐๐๐๐ ๐๐๐๐ ๐๐๐ ๐๐๐๐๐๐๐๐๐๐ ๐๐๐โ๐ ๐๐๐๐๐๐๐ ๐๐๐ - talky - 27-02-2023
this lwm is sharp n gd
more of such mps not pap yes sir mps not wanted
RE: LMW:๐๐๐๐๐๐ ๐๐๐๐ ๐๐๐ ๐๐๐๐๐๐๐๐๐๐ ๐๐๐โ๐ ๐๐๐๐๐๐๐ ๐๐๐ - Stoki - 27-02-2023
(27-02-2023, 09:28 AM)talky Wrote: this lwm is sharp n gd
more of such mps not pap yes sir mps not wanted
PnP mps just take in what is shaft into their throats. No questions asked.