Serious It's Official! Taxes Will Go Up Because of Social Spending

[JohnTan]

SINGAPORE: Singapore’s investments for the economy and infrastructure, as well as spending on social services and safety nets are all necessary, and a vote of confidence in Singapore’s future, said Prime Minister Lee Hsien Loong on Sunday (Nov 19).

But investments and social spending are costly, and the Government must make sure it can afford them, he said.

Speaking to about 2,000 activists at the PAP convention, Mr Lee said that while Singapore has enough revenue for this term of Government, spending has been going up and must rise further.

And as Singapore’s spending needs grow, he stressed that Finance Minister Heng Swee Keat was right when he said that raising taxes is not a matter of whether, but when.

“Well before the time comes, we have to plan ahead, explain to Singaporeans what the money is needed for, and show how it will benefit everyone, young and old,” he said.

Mr Lee added that Parliament will take a mid-term break after next year’s Budget.


Read more at http://www.channelnewsasia.com/news...eeds-grow-raising-taxes-is-inevitable-9420086

 

[glockman]

Finding all sorts of excuse to fleece more money. If he and useless cabinet and ministers are less greedy, there would be lots of funds.

 

[johnny333]

PAP has run out of ideas on how to improve Spore's economy but it isn't stopping them from increasing rents, taxes, costs, ....

Eventually the 70% will do a Mugabe on LHL & Ho Ching.

 

[sweetiepie]

my uncle say his son (my cousin) also asked him for more money. He say his son say for social spending. He say he tell his son ka limpe stay at home.

 

[myfoot123]

Finding all sorts of excuse to fleece more money. If he and useless cabinet and ministers are less greedy, there would be lots of funds.

They took the people money and use it to threaten the people. Social spending? MY FOOT! Probably used on foreigner social spending for political reason.

 

[dr.wailing]

Finding all sorts of excuse to fleece more money. If he and useless cabinet and ministers are less greedy, there would be lots of funds.

Sinkies no need to worry.....

When taxes are increased, the Sinkie gabrament will always dole out financial handouts in January and July. Sinkies of the pioneer generation will also receive them.

 

[JohnTan]

We've planned a lot of exciting grassroots activities and holiday trips for our residents in 2018. These grassroots activities costs money as they are heavily subsidized by the People's Association which is funded by the taxpayers. Naturally, taxes have to go up. Money doesn't grow on trees nor fall from the sky.

 

[chonburifc]

555 Sounds familiar? "Increase GST to help the poor"

 

[borom]

Water prices already increase by 30% (in two phases over 2 years, starting from Jul) , so lets wait eagerly for the others to make the 70% so very happy

 

[sweetiepie]

We've planned a lot of exciting grassroots activities and holiday trips for our residents in 2018. These grassroots activities costs money as they are heavily subsidized by the People's Association which is funded by the taxpayers. Naturally, taxes have to go up. Money doesn't grow on trees nor fall from the sky.

my uncle say thank you for endorsing his words. he say that's why he say ka limpe stay at home !

 

[halsey02]

The 70% volunteered for increases & increases.....stroke didn't kill HSK, what a shame! & cancer didn't kill that mee siam mai hum!...we must thank the Almighty for his mercies that he left these people alive, to help us suffer.

 

[JohnTan]

The 70% volunteered for increases & increases.....stroke didn't kill HSK, what a shame! & cancer didn't kill that mee siam mai hum!...we must thank the Almighty for his mercies that he left these people alive, to help us suffer.

PAP ministers are anointed by God. PM Lee had cancer twice. Twice, he beat cancer. HSK had stroke. One year later, he's back at work, fit as a fiddle. Most sinkies would be lucky to be partially incapacitated. With PAP remaining in power, Singapore will always remain great. No need to make sinkies great again when they are already great!

 

[glockman]

Sinkies no need to worry.....

When taxes are increased, the Sinkie gabrament will always dole out financial handouts in January and July. Sinkies of the pioneer generation will also receive them.

The "give one drumstick and take back one whole chicken' analogy comes to mine. Very scary indeed.

 

[Rogue Trader]

Please start by cutting costs. Especially bonuses for non-performing ministers and the useless president

 

[zhihau]

GST 10%, ERP up, COE up.

Altogether now!!! HUAT AH!!!

 

[halsey02]

The "give one drumstick and take back one whole chicken' analogy comes to mine. Very scary indeed.

Give one 'drumstick bone' for sinkingporeans to suck...it is still a 'drumstick' right? & get a 10kg chicken in return. Have that mee siam mai hum, sacked any minister or top man in charge of SMRT?? have that Cow$8 committed harakiri???

 

[Leckmichamarsch]

BULL
it is becos the cabinet is bloated; their salaries incl Admin Svcs are far too high!!!!!!!!!!!!!!!

 

[Leckmichamarsch]

BS pinky........your bunch are overpaid for turning in mediocre performance!!!!!!!!!!!!!

 

[congo9]

PAP has run out of ideas on how to improve Spore's economy but it isn't stopping them from increasing rents, taxes, costs, ....

Eventually the 70% will do a Mugabe on LHL & Ho Ching.

Others is not making headway and the wealth is not spread around evenly.

 

[Scrooball (clone)]

Good joke. Social spending on? Even losers in here qualify as middle-income bracket. How to get any social benefits?