But such broad-based support measures were introduced in extraordinary circumstances – a global pandemic and then the sharp surge in global inflation. While more help is always welcome, what does it mean to continue them when the economic backdrop appears to have improved? CNA
Singapore's economy did very well last year, average household income rises to $12,800. These good news mean big pay rises akan datang. Then why not to give CDC vouchers in 2026? The $500 voucher announced will only be paid in Jan 2027, as good as no voucher for 2026. For those desperately waiting for the vouchers they will be very disappointed. Better for the economy not to be doing so well. What an irony?
Hard times may seem to be over for many Singaporeans. But hard times for some Singaporeans are always there as they are not beneficiaries of higher incomes or growing economy. In fact their hard times not only continue, but can be worse if the cost of living keeps going up. To the 'hard up' Singaporeans, mostly the retirees and lower income Singaporeans, they have practically no income to keep up with the good times. The rising cost of everything is eating to their little savings, if they have any. Some are already dried up, $0 savings, a scary state of being. On the other hand, the businesses will take every opportunity to raise prices, especially when the economy is good. CDC vouchers are very important and helpful to the needy, to those that no longer have the privilege to live from paycheck to paycheck, because there is no paycheck coming their way. While the better off Singaporeans are enjoying their good times, don't forget that life still goes on to many Singaporeans living at the edges.
Singapore has a huge national reserves that provide another source of revenue for the govt. It would be nice if the retirees and low income Singaporeans can also benefit from the returns of our investments generated from the national reserves. So far they did not have such good fortune unlike the millionaires. Pensioners are also feeling the squeeze with stagnate pensions based on lower incomes of their time. The lower income Singaporeans are not in a position to better themselves against higher cost of living, higher fees, taxes, GST, profit driven enterprises that would keep raising prices.
CDC vouchers are very helpful for the people that needed them, the people that are no longer in the work force, in the revenue generating economy, the people that are watching the sun rises and sunsets daily, and haplessly. The bottom feeders are often forgotten while the millionaires are coveting for the next GCB. Not giving out CDC vouchers in 2026 is a natural thing. Who cares about another few hundred bucks that may be just tips to the millionaires?
4 comments:
Singapore’s car tax revenue now so high, exceeds Fiji’s GDP - Bloomberg
So who can easily afford cars in Singapore nowadays ? - the multi-million$ salaried ministers of course !
I do not know how inflation could be that low when food prices are rising so blatantly. No, I do not eat at restaurants as what some super rich people are thinking that all poor retirees are like themselves.
Eating out is expensive, buying ingredients for home cooking is also expensive. Yeh, food outlets are always crowded and that shows everything is so affordable. Spending what they have not yet earned is the norm nowadays. High home prices, car prices and pockets full of credit cards makes everything really affordable.
Long tale narrator (you know who) talks about 'more good years'. The good years have long gone for true-blue Singaporeans, and it is the new citizens and foreigners enjoying the spoils. Everything is to be shared with them.
When a G need to give out voucher to offset cost of living for it peasants, then something is seriously not right. During the 70s, even though we are poor, the G never resort to giving us voucher. So it mean the G is getting too expensive to maintain, which in term cause the col to rise. The G only solution seem to be to make the brainless sillyporean feel very rich by giving out voucher. Importing of more foreigners just to push the GDP up (which mean more gst collected) is not a solution. There must be a cap on the total population on this island. More money should be spend on healthcare and social support instead of useless military toys. Numbers of G office holder/MP/Ministers..etc should be cut as well as salary reduced. This in term will save hug amount of money.
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