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Only $0.5m for the needy

Watchman

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"Home for CNY" raises $0.5m for the needy
By Lynda Hong | Posted: 29 January 2011 2122 hrs
phptilkXz.jpg

SINGAPORE: Corporate social responsibility (CSR) can help promote a company's image.

But in a charity drive that raised half a million dollars, its donors - corporate or individuals - chose not to be in the limelight.

The auditorium at Methodist Girls' School was turned into a mini shopping centre for a day.

1,400 needy Singaporeans - whose monthly combined household income is below S$1,200 - could pick two items of clothing each without paying for them.

Not only that, a S$100 hongbao awaited each recipient.

For some, the money comes in handy for their school-going children.

A recipient, 46-year-old Jeffrey Lim, plans to use the cash for his primary school-going son's pocket money, school bus fees, and some extra food for the Lunar New Year.

"At this point in time I am in dire strait and I am in a very serious financial difficulty. So with all this (help), it does help me," he said.

The help comes from the "Home for CNY" project organised by the "One Dream" Initiative. The project started more than three weeks ago, raising half a million dollars in cash and kind.

One donor even contributed S$150,000 in cash. All donors want to be anonymous.

The leader of the "One Dream" Initiative, Peter Ong, said the "Home for CNY" project simply wants to inspire hope and memories in Singaporeans.

"We are not in it for glory. Why name ourselves to distract from the coverage of the event or for the total feeling for what we are actually after? Our home project came about because many people have lost a sense of what 'home' really means. Singapore should be a place of hope, should be a place of about memories. One shouldn't just fight or defend the country for physical assets," said Mr Ong.

The "One Dream" Initiative has some 200 volunteers so far. They come from all walks of life, some of whom are leaders in the public sector, multinational companies and volunteer voluntary welfare organisations.

- CNA/ir
 
Not bad considering it comes from a school !

Well done Peter Ong . You make it fun and a generous surprise for those who participated .

Unlike some who make it demeaning for the underprivileged !
 
"Home for CNY" raises $0.5m for the needy
By Lynda Hong | Posted: 29 January 2011 2122 hrs
phptilkXz.jpg

SINGAPORE: Corporate social responsibility (CSR) can help promote a company's image.

But in a charity drive that raised half a million dollars, its donors - corporate or individuals - chose not to be in the limelight.

The auditorium at Methodist Girls' School was turned into a mini shopping centre for a day.

1,400 needy Singaporeans - whose monthly combined household income is below S$1,200 - could pick two items of clothing each without paying for them.

Not only that, a S$100 hongbao awaited each recipient.

For some, the money comes in handy for their school-going children.

A recipient, 46-year-old Jeffrey Lim, plans to use the cash for his primary school-going son's pocket money, school bus fees, and some extra food for the Lunar New Year.

"At this point in time I am in dire strait and I am in a very serious financial difficulty. So with all this (help), it does help me," he said.

The help comes from the "Home for CNY" project organised by the "One Dream" Initiative. The project started more than three weeks ago, raising half a million dollars in cash and kind.

One donor even contributed S$150,000 in cash. All donors want to be anonymous.

The leader of the "One Dream" Initiative, Peter Ong, said the "Home for CNY" project simply wants to inspire hope and memories in Singaporeans.

"We are not in it for glory. Why name ourselves to distract from the coverage of the event or for the total feeling for what we are actually after? Our home project came about because many people have lost a sense of what 'home' really means. Singapore should be a place of hope, should be a place of about memories. One shouldn't just fight or defend the country for physical assets," said Mr Ong.

The "One Dream" Initiative has some 200 volunteers so far. They come from all walks of life, some of whom are leaders in the public sector, multinational companies and volunteer voluntary welfare organisations.

- CNA/ir

Can anyone recall what is the justification use to increase GST from 5%-7%?
 
Can anyone recall what is the justification use to increase GST from 5%-7%?

Can anyone recall what's the justification used to implement GST? A reminder here. It's a "fairer" tax, rich or poor or broke also pay GST.

When raising GST rate, it's called "helping the poor," i.e. taxing the poor more to help the poor. Don't the rich pay GST too? Yes, but they receive offset from lowered income tax and coporate tax. They call it fair? Economic dictionaries call it regressive. You don't tax poor people in order to help poor people or to be fair to rich people. That's regressive.

To be fair to PAP, there's nothing innovative about them. GST is invented in the west as sales tax or VAT. The principle of no double taxation has completely been forgotten. What's double taxation? I recieve income, I pay tax. I spend income, I have to pay tax again. That's double taxation.

The next hike of GST to 10% and above would probably be tagged "world class fairer tax to help world class poor."
 
Can anyone recall what's the justification used to implement GST? A reminder here. It's a "fairer" tax, rich or poor or broke also pay GST.

When raising GST rate, it's called "helping the poor," i.e. taxing the poor more to help the poor. Don't the rich pay GST too? Yes, but they receive offset from lowered income tax and coporate tax. They call it fair? Economic dictionaries call it regressive. You don't tax poor people in order to help poor people or to be fair to rich people. That's regressive.

To be fair to PAP, there's nothing innovative about them. GST is invented in the west as sales tax or VAT. The principle of no double taxation has completely been forgotten. What's double taxation? I recieve income, I pay tax. I spend income, I have to pay tax again. That's double taxation.

The next hike of GST to 10% and above would probably be tagged "world class fairer tax to help world class poor."

To be fair to the poor, GST should not be applied on basic necessities, which is what other countries are doing like Australia - everything considered as basic necessities - from water, milk, to food, medical and basic education are all not subjected to GST there, even though their GST rate is higher.
 
To be fair to the poor, GST should not be
applied on basic necessities, which is what
other countries are doing like Australia
- everything considered as basic necessities
- from water, milk, to food, medical and
basic education are all not subjected to
GST there, even though their GST
rate is higher.

What kind of idealistic trappings is this ?

What's stopping the rich from hoarding ?
 
To be fair to the poor, GST should not be applied on basic necessities, which is what other countries are doing like Australia - everything considered as basic necessities - from water, milk, to food, medical and basic education are all not subjected to GST there, even though their GST rate is higher.

Yes, I second that. Basic necessities should be excluded.
 
Yeah, especially that poor MP who had that $8 heart operation :rolleyes:

I wonder if he had to pay gst on that $8 :confused:

Sure got GST on the heart operation, only whether the insurer absorbed the GST or not. I remember last time my insurer never absorbed the GST on my medical bill and I have to pay the GST myself. His insurer better, pay for the GST and he only need to pay $8.
 
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