Budget tweaks - small changes for big problems

[Confuseous]

So the govt cut older workers' CPF contribution in 2003 to improve their employment and now it wants to raise the contribution also to improve their employment. So its a 2-step backwards, 1-step forwards "cha-cha" dance with a little bit of twist. When they cut CPF contribution they cut only the employers' contribution for workers turning 50 but when they increase the contribution, they raise both the employer and employee contribution - now older workers will have less disposable income. When they cut your employers' CPF contribution they are helping you and you're a winner...when they increase the CPF contribution, they are also helping you and you're again a winner. You can't lose with this type of govt!

So the major move in a budget that sets out to build a an inclusive society and a stronger Singapore is one that merely restores what was already there in 2003. You call this progress? As for the other little tweaks in the budgets, they only look good only through the colored lens of the mainstream media. Medishield premiums have been increase to pass more financial burden of higher medical cost to all of us. Curbs on foreign workers like higher levies to tighten the inflows are a mere patch on a problem that has already grown so large I'm not sure were can even solve it given the economy is now so dependent and addicted to the foreign inflow.

- http://singaporemind.blogspot.com/2012/02/budget-tweaks-slow-fix-to-big-problems.html