The circumstances upon which selective GST exemption/ reduction ought to be shunned.

Quote:

Originally Posted by coldwarmhot Re thread: [Utility tax] Is tax on tax equitable? I agree with BicCherry that GST is collected once and not multiple times. The total cost to consumer is 7% as of now. However "Tax on Tax" is not uncommon. There are many such examples in Singapore and it happens in other countries as well.

Tks for standing up for the fact/ truth.
Anyhow, as I'd previously mentioned, and using the photo of a Utility bill (Aug2012) as example, the final effect of the 30% water conservation tax (WCT) plus GST(7%) is a final WCT payable of 32.1% (i.e. 30% X 1.07= 32.1%). So there is no difference whether the 32.1% is derived as 32.1% (GST zero rated) or as 30% plus another 2.1% (GST) added- conceptually different but nominally the same amount payable eventually. A bit of mathematical acrobatics- that's all.

Singapore citizens should have 2x chance of winning NDP ticket as compared to permanent residents and all performers an extra chance.

Singapore citizens should have 2x chance of winning NDP ticket as compared to permanent residents and all performers an extra chance.

(e.g. for performers: SG performer=3x chance, PR performer=2x chance, non-citizen performer=1x chance).

Yes, money can buy happiness..., BUT...

Yes, money can buy happiness..., BUT...
Was thinking about this topic lately and think that there is some truth to the rhetorical question if indeed $$$ can buy happiness, BUT with caveats of course.

Why the Singapore GRC system of elections ought be forsaken as an abandoned relic of time. (Response essay)

cancer81 (16Apr2013) wrote:

Re thread: Before we introduce the FT MP, how about reviewing the (duplicitous) GRC system of elections?
this is a thread abt GRC and it's redundancy...
well then do not use such a stupid (yes I used that word) title...
you want to attract views with use of "FT"??
and finally why are we FLOGGING this DEAD HORSE??
remove GRCs? OK sure why not? Would it ensure that the PAP will never govern again?

Why the GRC system must go.(3 replies)

Quote:

Originally Posted by sock_min Re thread: A critique of the GRC system of elections in Singapore and a better solution forward GRC system is good as it bring HDB upgrading faster. Else the HDB units all like haunted homes.

[Prepared?]Tsunami of immigrants from Europe/ USA immigrants to SE Asia? But are Singaporeans prepared?

Today, there is alleged inflation due to capital outflows from USA(FED) Japan due to their aggressive Quantitative Easing (QE) aka print $$$ policies. Today these large countries export $$$ into Asia, tomorrow (or has it started?) they will export immigrants in large numbers... perhaps the PAP is now building more HDB flats in preparation for their arrival... whatever the case, vegetables at NTUC will no longer cost the same as they cost now...

The electoral system in Singapore lies in urgent need of reform and remedy.

Originally Posted by Kiwi8 (16Apr2013, 01:43 PM)

Re thread: Before we introduce the FT MP, how about updating the parliamentary elections act?
Well, with the citizenship easily given to perceived foreign talent, PAP probably wun be that daft to risk the loss of votes to make changes to the constitution to let non-citizens become MPs. There are already some foreign-born MPs in the parliament, but all of them have Singapore citizenship.

An apology in favor of Dr Lee WL is fit and proper.

Neon92 wrote:

LKY's daughter Lee Wei Ling proclaims herself as an angel sent by God | The Real Singapore

What do you think?

Cold Storage, Giant Hypermarket- Both Singaporean Family (Baby) Unfriendly Companies?

According to the NS45 benefits website: Redemption Outlets for SAFRA vouchers> Participating Outlets, URL: https://ns45.safra.sg/About/redemShopping.aspx

Both Cold Storage++ and Giant Hypermarket++ (All Outlets) list their NS45 SAFRA vouchers redemption terms and conditions as follows.

++Voucher cannot be used to purchase The Choice Voucher, infant formula, any service items (e.g. lottery, phone cards, parking coupons) and is not valid with any other promotional vouchers.

CPF-OA should relax 10% limit for investment in gold ETF/bullion/ UOB etc

"The survey's composite five-year-expectation is 4.97 per cent - just below the 5.2 per cent predicted in the survey in September. "(see report: 'Singapore's inflation may remain elevated for years to come: survey')
S$100K in CPF OA @int.2.5%, inflation 5%(proj): value @ end of 5 years??...
S$100,000, net interest over 5 yrs (CPF OA 2.5%interest, 5% annual loss to inflation= nett -2.5% interest):
S$100K *0.975 *0.975 *0.975 *0.975 *0.975= $88,110 (i.e. loss of nett S$11,890) to inflation due to the SG govt printing extra SGD [see: Money printing (/borrowing) by Singapore government- how much is too much? ].

Live Documentary: Fiscal Abyss of the 21st century, thanks to unfettered welfare liberal democracy.

Haagen Diaz wrote:

Thread topic: Money printing (/borrowing) by Singapore government- how much is too much?
TS, where do you get the knowledge on this? Just from MAS website? I'm damn interested to know more. Thanks. I prefer to read a book in order to get the whole picture.

Money printing (/borrowing) by Singapore government- how much is too much?

Briefly, M1= printed SGD in circulation + some more, M3= quasi money= everything including government bonds (treasuries) etc (people will pay U money for these at whatever is market rate(much is sold to CPF so Temasek & GIC can invest the CPF monies etc) but too big to use at super-mart).

Why CPI might fail to capture the true rate of Inflation in Singapore.

GamerSg wrote:

Discussion thread: '30K Investment'
I cannot predict what MAS will do this year or tomorrow.
Maybe it will do the "right thing" and stop printing and inflation maybe go to 0%, or maybe it will jump down the cliff with Abe and friends.
But the M1 and gold price are clear that in the past 12 years, SGD has had a net inflation of 400%. Also note that there are years where MAS kept the money supply relatively constant. Your actual experienced price rise in food may be around 200%-300% due to mitigation by increased food production/efficiency. Property OTOH may have increased more than money supply due to government policy of allowing large influx of foreign labour and restrained housing supply.
I use gold/silver as a barometer because its supply is relatively fixed in the world, unlike housing where more can always be built or food which is consumable and can be affected by weather, increased production.
I don't know what DBU is either [bold font added]

'10year swap spread' means what?

"With the persistence of Europe's sovereign-debt crisis, safe-haven effects have driven the yield of 10-year US Treasury bonds to their lowest level in 60 years, while the 10-year swap spread - gap between a fixed-rate and a floating-rate payment stream - is negative, implying a real loss for investors." Source: 'The real interest rate risk' [TODAY, 10Jan2013] by Zhang Monan (a fellow at the China Information Center and China Foundation for International Studies, and researcher at China Macroeconomic Research Platform.)

When the banks fail, everyone else will follow....

rebeccasu4 wrote:

Thread: Future World in 2030?
Hmm I dont think hyperinflation would be an issue in singapore in 2030. Yes inflation is on the rise and will continue to be. But hyperinflation is one of the most extreme forms of inflation and I think the government would be able to control it.
An issue in 2030 could be outflux of talent. If singaporeans dont feel a strong enough sense of belonging and ownership to the country and the grass gets greener on the other side.
Robots seem to far a stretch too i feel?
What do the rest of you think?