Chitchat Yeoh Lam Keong on Tax Hike Annoucement

[GoldenDragon]

Volunteer at SPCA still?

No sir! Tired of dogs and cats after awhile. Went travelling. Now very broke! Need to find ah longs.

 

[Thick Face Black Heart]

Our housing system sits on very high leverage. If we attempt to reduce our high national savings rate, interest rates will climb, and that will spell disaster for home owners in Singapore. That is what the pap govt has got us into.

I'm all for saving for a rainy day as I'm pretty sure the next 40 years will be but a pale and sick shadow of the past 40. I can also see why we have little choice but to maintain huge surpluses and a high national savings rate. To undo the damage the pap has done will take years if not decades

 

[CoffeeAhSoh]

He officially retired as the chief economist of GIC. A humble chap who would on occasion bring those who cannot help themselves to see their MP in Marine Parade without revealing who he is. I doubt he is a Canadian citizenship.

.

as gic chief econ he is also responsible for GIc performance. sad.

sad . he did not provide alternatives to raising taxes. anyone can argue for no tax increase.

 

[CoffeeAhSoh]

Our housing system sits on very high leverage. If we attempt to reduce our high national savings rate, interest rates will climb, and that will spell disaster for home owners in Singapore. That is what the pap govt has got us into.

I'm all for saving for a rainy day as I'm pretty sure the next 40 years will be but a pale and sick shadow of the past 40. I can also see why we have little choice but to maintain huge surpluses and a high national savings rate. To undo the damage the pap has done will take years if not decades

.

thats why KC was knows something wrong. and brought in "LaiFang Republic "'s eg....

kc got foresight