Saying all the right things is not the same as doing the right things. Some are good at saying the right things and doing the wrong things. To be credible and believeable, there is a saying, walk the talk.
I like what Shanmugam said and printed on the cover of Today paper this morning. ‘…the govt does not want younger Singaporeans to be saddled with tax burdens, even as it ensures that the elderly are taken care of and no one is left behind.’ He added, ‘We keep our tax rates competitive, 20 per cent at the top….’
This is the best part, ‘We rather people keep their money and spend it as they like, buy insurance for their health…’ Please tell the CPF that the people want to spend their savings as they like, can? And this is even better, ‘…only about 50 per cent of Singaporeans pay taxes.’ In my earlier posts I mentioned that at 85 years old, a Singaporeans would still be paying taxes through the GST, and so is an unborn baby. Of course he is talking about income tax. GST is not income tax. Don’t confuse the two.
Singaporeans are so lowly taxed that they have hundreds of thousands left in their CPF accounts under two minimum sum schemes which are their savings, and understandably they can keep their money and spend it as they like. And young Singaporeans are not burdened by taxes because of the old and ageing population. And the govt is looking after the oldies. Really? How many oldies are being looked after by the govt and how much does it cost the govt? To my simple mind, the oldies will be looking after themselves through their CPF savings which they cannot spend as they like.
As for the young, do they still have money left to pay taxes given the huge sum of money they have to pay for a roof over their heads and the huge minimum sums that are not taxed but kept in their CPF for them to spend as they liked?
It is always good to listen to the good side of the story. Hear only the good stuff.