SingFirst plans to spend $6 Billion from GIC and Temasek. Will Tony say YES?

[Victory2016]

SingFirst is proposing to spend an additional S$6 billion a year - over and above what the government is spending - to tackle what it described as “rising inequality”, funded from the net investment returns (NIR). The NIR allows the government to spend up to 50 per cent of expected long-term real returns on its net assets managed by the Government of Singapore Investment Corporation (GIC), Monetary Authority of Singapore (MAS) and more recently Temasek Holdings.

SingFirst said the money will be spent to provide free education, higher subsidised child care and higher transport subsidies, among other things. The biggest ticket item is an old-age pension of S$300 a month for 600,000 senior citizens. The party also wants to phase out the Goods and Services Taxes (GST) by increasing taxes on higher income individuals.


- CNA/dl

http://www.channelnewsasia.com/news/singapore/singaporeans-first/1733146.html

 

[Sinkie]

Should not phase out GST totally, but adopt a GST waiver on basic necessities....like medicine, rice, sugar, milk powder, fruits, water, utilities and cigarettes. And yes, legalize marijuana. It is proven to have medicinal value.

 

[virus]

Was tiger beer poking fun at kfc in their chicken rice ad.?

 

[Poomer]

Was tiger beer poking fun at kfc in their chicken rice ad.?

I thought TT was in the ad.