Category Archives: Budget 2014

My 2014 Budget Wishlist

Pioneer Generation Package. [my post in FB on 4 Feb 2014] My 2014 Budget Wish List. I hope the Govt will allow in the 2014 Budget for the elderly to use the Senior Citizen Card to have free access twice … Continue reading

Posted in Budget 2014, Cost of Living & Retirement Adequacy, PG and CHAS, Politics, Social issues, Socialistic Policies, The Govt listened and implemented my ideas and feedback | Tagged , , | Leave a comment

Four key issues in the 2011 GE…what will it be in the coming GE?

Business Times – 19 Apr 2011 LETTER TO THE EDITOR Policy proposals on four key issues in GE I REFER to the article, ‘Into the hustings with pledge to secure Singapore’s future’ (BT, April 18). Political parties will soon engage … Continue reading

Posted in Budget 2014, Budget 2015 - new policies?, Cost of Living & Retirement Adequacy, Govt's Budget, GST Rebates, Minimum Wage; PWM and WIS in Singapore's wage policies, Social issues, Socialistic Policies | 2 Comments

Budgets since 1965….

Govt Budgets since 1965…. What will be in the 2015 Budget.. Should we rely not on taxes but on donations to govern..? Sharing what I wrote at these links: http://tankoktim.blog.com/…/art-of-governing-taxes-inflati…/ And, http://tankoktim.blog.com/category/govts-budget/ And, http://tankoktim.blog.com/…/good-governance-needs-good-pol…/ ======== Memorable S’pore Budgets Published on … Continue reading

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Parliament sitting – second session and will there be new policies and what will be the directions?

Second Session of the 12th Parliament sitting today, 16th May 2015. What will be in store for the second half and especially what will be the PAP Govt strategy to have socialistic policies in the 2015 Budget to prepare for … Continue reading

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GST Rebates – the Govt has listened at last, come Dec 2022 with the S$1.5b COL Special Payment; Govt’s policies on GST Voucher, U-Save rebates – Do the recipients know the total rebates that they received from the Govt each year? Not all will receive the GST Rebates; What are the ineligible criteria? The Govt said: super rich, please donate your rebates to the needy at Giving.sg;

=============== . I can see that the Govt has listened at last.   It has been some 10 years for me to repeatedly appeal to the Govt to reconsider removing the i/c address and AV of property as ineligible criterion.   My … Continue reading

Posted in Budget 2014, Cost of Living & Retirement Adequacy, CPF, Government, Govt's Budget, GST Rebates, Politics, Social issues, Socialistic Policies, The Govt listened and implemented my ideas and feedback | Tagged , , , , , | Leave a comment

Why PM’s salary and ministers’ salaries so high, total some S$50m? How to depoliticise it? Salaries are up for 5-yearly review; From May 2011 and 2017, PM is paid S$2.2m annually; President: S$1.54m; Should PLCs pay S$50m by payroll tax or donations to pay ministers’ salaries? Can all the PLCs afford to pay S$50 million per year in total? WP said that they want only S$25m; Don’t use general taxation or the GST to pay them; Paying it by PLCs [not by Singaporeans] will attract less political pressure and dissatisfaction, and lessen politics of envy on the high pay issue;

========== . How to depoliticise the S$50m? Solutions? WP has declared in Parliament that they can do the job for half the amount, S$25m. Will 25 be better than 50 in reducing the political pressure by half? Will reducing it … Continue reading

Posted in Budget 2014, Business & Finance, Corruption, Economy; Perfect Economic Storm? When?, Government, Govt's Budget, Lee Kuan Yew's Legacy [His life 1923-2015], National Day Rally - new policies and strategies, Politics, Socialistic Policies, Taxation | Tagged , , , , | Leave a comment

PG Red card; Orange & Blue Community Health Assist Scheme (CHAS) – WEF 1 Jan 2014 – major changes to CHAS eligibility criteria

CHAS and MediShield Life  – like two wheels of the cart, both to move forward together in addressing our long-term medical needs. On the Community Health Assist Scheme (CHAS) – WEF 1 Jan 2014 there are new eligibility conditions. I … Continue reading

Posted in Budget 2014, Cost of Living & Retirement Adequacy, Government, Govt's Budget, Medical & Health, PG and CHAS, Social issues, Socialistic Policies | Tagged , | Leave a comment

Inflation; The true causes: how should the government address both the consumers’ demand and supply factors? The impact due to government interventions, actions and policies? Cost of generating electricity – all modern equipment use electricity; It has impact on rising cost of living; When to have a Counter-Inflation Fund?

============== . What is inflation? What are the true causes of inflation? A capable government is one that can keep the cost of living down for the lower-income groups, the 25% at the base of the pyramid. How? Solutions? What … Continue reading

Posted in Budget 2014, Business & Finance, Cost of Living & Retirement Adequacy, Economy; Perfect Economic Storm? When?, Government, Govt's Budget, Inflation and Rising cost of living, Inward investments and incentives; overseas Investments - should more be invested overseas or locally by Sovereign Wealth Fund? Maintain stable supply chains and security?, Politics, Social issues | Tagged , , , , | Leave a comment

GST – My letter in three newspapers in 2014 on direct income tax vs GST; Is income tax a better tool than GST for wealth redistribution? Should we increase GST from 7 to 8 percent and then gradually to 10 percent, and lower the direct income tax rates?

================= . I wrote to the MSM in 2014: quote: On this Friday, 21 Feb 2014, Deputy PM and Minister for Finance, Mr Tharman Shyanmugaratnam, will deliver the FY2014 Budget Statement in Parliament at 3.30pm. Will there be increase in … Continue reading

Posted in Budget 2014, Cost of Living & Retirement Adequacy, GST, GST Rebates, Taxation | Leave a comment

Pioneer Generation Fund – Allow well-off pioneers to forgo benefits

Pioneer Generation Fund – I am grateful ST Forum published my letter under “My Point” on 25 Feb 2014:  “Allow well-off pioneers to forgo benefits”. quote: Allow well-off pioneers to forgo benefits I commend the Government for setting aside $8 … Continue reading

Posted in Budget 2014, Social issues | Leave a comment

SkillsFuture…. ; Continual learning and university education; Re-skilling workers for the post-Covid-19 era; workplace learning; Productivity – Managing workers well another way to raise productivity;

. ==== . Why humans have to be educated from young? What is the purpose of education? Do the educators and the parents know what is Complete Whole Person Education? . ======== . The Straits Times’ Editorial says Learning to … Continue reading

Posted in Budget 2014, Education; What is Complete Whole Person Education?, Productivity | Leave a comment

Productivity and Innovation Credit scheme – how to reduce the number of FW cleaners and security guards? Use the SkillsFuture Credits; unused, not transferable at death.

========= . I refer to “Singapore Budget 2014: Three-pronged approach to boost productivity, says Tharman” in ST Online, 5 March 2014. Singapore should reduce the number of cleaners and security guards as social costs will increase if we let in … Continue reading

Posted in Budget 2014, Cost of Living & Retirement Adequacy, Environment Control, Protect Nature, Government, HDB Public Housing; affordability; EIP policy; and resale prices;, Labour, Minimum Wage; PWM and WIS in Singapore's wage policies, Population, Productivity, Security, Socialistic Policies | Tagged , , , , | Leave a comment

The loopholes in taxation? Cause of wealth flight, brain drain and talent flight? GST or Direct Tax on Earned Income – which is better?

========= .  The loopholes? Properties of the rich, and taxing them higher in property tax? Is there a loophole? How will it be taxed if each property is owned by a private company owned by the rich tycoon? He can … Continue reading

Posted in Budget 2014, GST, GST Rebates, Taxation | Leave a comment

Public Transport – financial viability, how? “Fare concessions for less fortunate a good step forward”; Fare Increase by 3.2 percent wef April 2014; And 2.2% increase on 26Dec2021.

======== . Not all Singaporeans staying in private houses or flats [not in HDB public housing] are gainfully employed and are rich, drive big cars, etc. Does the transport rebates for the poor reach these folks? Why? It is due … Continue reading

Posted in Budget 2014, Government, Govt's Budget, MRT, Transport | Tagged , , | Leave a comment

2014 Budget – My wish list

  2014 Budget – My wish list Posted on January 29, 2014 by tankoktim AAA] NATIONAL PRODUCTIVITY FUND 2014 Budget – Productivity is the buzzword but what should be done? $2 billion was provided in the newly set-up National Productivity Fund in … Continue reading

Posted in Budget 2014, Cost of Living & Retirement Adequacy, Government, Govt's Budget, GST, Medical & Health, Productivity, Transport | Tagged , , , , , | Leave a comment

2014 – What will the Govt have in 2014 for Singaporeans?

2014 – what is in PM Lee’s NY message for everyone? I hope the Govt will set up a MediShield Life Fund with an initial funding of S$1 billion to shield those who have pre-existing medical conditions and those over … Continue reading

Posted in Budget 2014, Government, Govt's Budget, Medical & Health, Transport | Leave a comment

Will a S$1 Billion MediShield Life Fund be enough?

Is it possible to have a S$1 billion MediShield Life Fund? – To have a universal medical cover but what should we provide to pave the way? Will S$1 billion be enough to have those uninsurable due to existing medical … Continue reading

Posted in Budget 2014, Government, Govt's Budget, Medical & Health, MediShield Life mandatory medical insurance, Social issues | Tagged , , | Leave a comment