steve job said

"Your time is limited, so don't waste it living someone else's life. Don't be trapped by dogma - which is living with the results of other people's thinking. Don't let the noise of others' opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition. They somehow already know what you truly want to become. Everything else is secondary." Steve Job

fund expenses from income, not taxes

My challenge to the govt is to cap the tax rates at the current level, stop all the formula of profit first on essential services and finance its growing expenses from investment income. We have more than a hundred billions in GIC and Temasek each. And it was claimed that GIC's profit is 8% while Temasek is 18%. These combined will give $26 billion annually. If they can grow on these two mammoth organisations they will not have to raise taxes continuously on the people. GST and raising wages will only erode our competitive edge in a globalised economy. There is no magic formula that you can raise wages and GST and think we can compete with the world. Our shopper's paradise will be overtaken in no time. Our workforce will go the American and European way. We will price ourselves out of the market. We have to grow out of the rich kid mentality. Working, earn a salary and still dipping into the parents' pocket. The rich kid must grow up and earns his keep and if he wants to spend more, he just have to earn more. Not stretching out his hand to ask from the parents.

the magic of GST

I think either we are entering a phase of creative thinking or creative accounting on a national level. And I must say that the ordinary people need to be very creative and ingenius to break down all the old ideas and concepts and to embrace all the new thinkings. We need a new curriculum on National Education to educate the people on what is good for them. The GST increase is good for the poor and the lower middle income. Today Teo Chee Hean said that it is also good for the middle income and higher income groups because they can expect higher pay rise. This I definitely believe. Just a 5% or 10% pay rise will not only absorb all the 2% GST but will also be enough to go for a few more holidays. Now isn't this GST a magical formula? It is good for the low income, lower middle income, middle income and higher income. Actually it is good for everyone. Now why are the people so angry, so frighten and so delirious over such a good thing? And one thing for sure, we need not worry about competiting with other countries on labour cost. We are going to raise our labour cost, and wages are going up. Now the 4 million smiles are going to come true. Good times are here.

myth 93

'Raising GST is bad for the people' According to Hsien Loong, raising the GST by another 2% will help the lower income Singaporeans, make their lives better and close the income gap. So raising GST cannot be bad for the people. Singapore has found another great formula on how to improve the lives of its poorer citizens through higher taxes. I am so fascinated by it and can't wait for the secret formula to be revealed.

The devil to the rescue

The devil to the rescue Below are some extracts from the Daily Telegraph, UK. 'In his speech at the Guildhall last night, Tony Blair presented the outline of his plan for a new settlement in Iraq....Iran and Syria would be offered privileged status in resolving the future of Iraq, even though they have previously been regarded as serious obstacles to peace in the Middle East, and in the case of Iran, the most prolific sponsor of terrorism in the West.' Aren't Syria and Iran two of the three Axis of Evil? My god, I have heard of sleeping with the enemy. Now it is sleeping with the devil! Blair must have rubbed off something from Bush.