Category Archives: Minimum Wage; PWM and WIS in Singapore’s wage policies

Minimum Wage; PWM and WIS in Singapore’s wage policies

Singapore of the future, the age of the 4-G – to become a single society? Overcoming income inequality? True causes of wealth and poverty; What kind of government policy can eradicate the income gap between the top 10% and the bottom 20% in any society? Broader meritocracy, how?

Posted on October 13, 2022 by tankoktim

=============== . Meritocracy, how? Education: What is Complete Whole Person Education? Work: What is “Work with the aim to help others become more efficient”? Workfare and Welfare: It is all about money. Where does money come from? Does it grow … Continue reading →

Posted in Business & Finance, Cost of Living & Retirement Adequacy, Economy; Perfect Economic Storm? When?, Government, HDB Public Housing; affordability; EIP policy; and resale prices;, Inflation and Rising cost of living, Media and freedom of the press; Movies, TV serials; Entertainment;, Medical & Health, Minimum Wage; PWM and WIS in Singapore's wage policies, Nation Building, Politics, Silver Support Scheme, Social issues, Socialistic Policies, Workfare income supplement; Progressive Wage Model | Tagged , , | 2 Comments

Investments inflow; Dyson’s global HQ in Singapore; how to attract with tax incentives, grants, etc, a well-trained labour force, communication and transport links, ease of setting up business, no exchange control; currency, legal and administrative stability; no labour strikes, corruption free, political and policy predictability?

Posted on November 1, 2021 by tankoktim

========== . S’pore must adapt to global trends to grow economy: PM Lee at opening of Dyson’s new HQ 1 of 5 Justin Ong Political Correspondent PUBLISHED 4 HOURS AGO on 25th March 2022 in Straits Times. FacebookWhatsAppTwitter SINGAPORE – Dyson … Continue reading →

Posted in Business & Finance, Corruption, Economy; Perfect Economic Storm? When?, Inward investments and incentives; overseas Investments - should more be invested overseas or locally by Sovereign Wealth Fund? Maintain stable supply chains and security?, Labour, Minimum Wage; PWM and WIS in Singapore's wage policies, Politics | Leave a comment

2019 Budget – my 28 suggestions

Posted on January 10, 2019 by tankoktim

2019 Budget  – my 28 suggestions: I hope MOF Heng Swee Keat will include one or two of my suggestions in the 2019 Budget, which will be announced in Parliament by him on 18th Feb 2019. What will be the … Continue reading →

Posted in Budgets 2018, etc., Business & Finance, CPF, Government, Govt's Budget, GST, Medical & Health, MediShield Life mandatory medical insurance, Minimum Wage; PWM and WIS in Singapore's wage policies, Politics, Population, Properties, Silver Support Scheme, Social issues, Socialistic Policies, Taxation, Transport | Tagged | Leave a comment

COL – CDC vouchers and rising cost of living – Govt special Assurance Package S$800 payment to each adult in Dec 2023 with fewer criterion; The Govt has listened; S$500 in Dec 2022, and S$200 Assurance Package; CDC voucher of S$300 per family on 3Jan2023; how to keep hawkers’ costs down? Inflation – Singapore paid S$8 billion more for LNG import in 2022; Rising COL – we have PWM, WIS, MW and LQS; Reduce COL or reduce income gap with MW? MW will drive COL up, not down; WIS and PWM are far superior than MW; Factors that caused COL to rise – cost of state land accounting; public housing; COE; cost of utilities; basic food and daily necessities; transport, medical costs, etc;

Posted on August 14, 2018 by tankoktim

============== . Assurance Package: 2 million Singaporeans to receive Seniors’ Bonus and MediSave cash payouts in February 2024 The payments are part of the suite of Assurance Package measures previously announced in Singapore’s Budget 2022. Timothy Kang ·Finance Producer Updated … Continue reading →

Posted in Cost of Living & Retirement Adequacy, Economy; Perfect Economic Storm? When?, Education; What is Complete Whole Person Education?, Energy, Clean and Green Electricity, Food & Drinks; hawker centres; foodcourts;, Government, GST, GST Rebates, Hawker Food -Top Favourites, HDB Public Housing; affordability; EIP policy; and resale prices;, Inflation and Rising cost of living, Labour, Medical & Health, Minimum Wage; PWM and WIS in Singapore's wage policies, National Day Rally - new policies and strategies, PG and CHAS, Politics, Productivity, Silver Support Scheme, Singapore in 1960s, Social issues, Socialistic Policies, The Govt listened and implemented my ideas and feedback, Workfare income supplement; Progressive Wage Model | Tagged , , , , , | 8 Comments

Sales Tax on expensive goods? High direct income tax will cause ‘Wealth flight”; How GST works and functions? Should POFMA be thrown at the demagogues? GST hike, 2% points: one on 1Jan2023 and the other on 1Jan2024; Make the hike acceptable by having 713? 7%+1%+3%? Have a 3% Sales Tax on expensive goods and equipment; Both PAP and the opposition are not ready as yet politically to have a Sales Tax. Why?

Posted on March 3, 2018 by tankoktim

==================. Have a 3% Sales Tax in 2028?GST above 9% not the long-term solution.Time to ask the Govt to pass the Law for this now, and why? . Sales Tax on the rich on expensive goods will not be a … Continue reading →

Posted in Budgets 2018, etc., Business & Finance, Cost of Living & Retirement Adequacy, Government, Govt's Budget, GST, GST Rebates, Minimum Wage; PWM and WIS in Singapore's wage policies, Politics, Social issues, Socialistic Policies, Taxation, Workfare income supplement; Progressive Wage Model | Tagged , , | 3 Comments

ComCare. Welfarism – how extreme can it be? S$3 billion action plan for successful ageing;

Posted on April 18, 2016 by tankoktim

============ . Welfare policies come with trade-offs, including need to raise taxes: Lawrence Wong DPM Lawrence Wong (centre) during a dialogue hosted by NTUC president Mary Liew and secretary-general Ng Chee Meng. ST PHOTO: DESMOND WEE Rei Kurohi PUBLISHED 1 HOUR … Continue reading →

Posted in Budget 2016, Cost of Living & Retirement Adequacy, Fate, Destiny, Accidents & Coincidence, Food & Drinks; hawker centres; foodcourts;, Govt's Budget, HDB Public Housing; affordability; EIP policy; and resale prices;, Minimum Wage; PWM and WIS in Singapore's wage policies, Politics, Properties, Silver Support Scheme, Social issues, Socialistic Policies | Tagged | 1 Comment

S$778 per month for the destitute : based on the 2016 Budget; Revised in 2019; What is the amount now, the revised latest figures based on the current Budget? Will the WP MPs ask the minister in Parliament for the latest figures? Or, will the MSM journalists ask for it? Where to seek help under the Destitute Act Chapter 78? Who can offer the help and how? Seoul homeless: photo below;

Posted on April 3, 2016 by tankoktim

.. ========= .   . Who is eligible for govt’s public assistance under the Destitute Act Chap 78 [please see copy of the Act below]? What are the terms and conditions of eligibility under the Act? The link to public … Continue reading →

Posted in Budget 2016, Budgets 2018, etc., Cost of Living & Retirement Adequacy, Fate, Destiny, Accidents & Coincidence, Food & Drinks; hawker centres; foodcourts;, Government, Govt's Budget, GST Rebates, Labour, Minimum Wage; PWM and WIS in Singapore's wage policies, Politics, Silver Support Scheme, Social issues, Socialistic Policies, Taxation | Tagged , , , , , | 3 Comments

Destiny & Karma; How many destinies are given to human beings at birth; Why are we born as humans and the purpose of human lives? Gender: male, female; Inequality at birth and at death, why? Addressing gender equality and the disabled; Where should it begin? What is inequality and yet absolute equality? Are we born equal? Why born as a man or a woman? Who decide? Why are we born in the East and not in the West? Who decide? Is there true equality in life? Algorithm and inequality?

Posted on January 17, 2016 by tankoktim

======= . How many destinies are given to each person at birth?  Not sure, please ask your religious leaders.  Hope they do not apply human wisdom or logic to give the answer. Why are we born as human beings on … Continue reading →

Posted in Business & Finance, Divine Science. Man-made human science, Economy; Perfect Economic Storm? When?, Education; What is Complete Whole Person Education?, Fate, Destiny, Accidents & Coincidence, Government, Labour, Medical & Health, Minimum Wage; PWM and WIS in Singapore's wage policies, Politics, Population, Productivity, Religions and Faiths, Social issues, Socialistic Policies, Spiritual First - then mental then physical, United Nations, World Peace | Tagged , | Leave a comment

“Work with the aim to help others to become more efficient”; Make this as the Motto at all workplaces. Start it from the Istana. Who pulls the lever and trigger on mental stress at workplaces? What controls the mind? When the upstream is cloudy, the lower stream will not be clean. Top and bottom at workplaces. Similarly, when the soul is cloudy, the mind will be unstable; the body will be sickly. The mind is not the ultimate in controlling a human being’s emotions and actions.

Posted on November 8, 2015 by tankoktim

========= . “Work with the aim to helping others to become more efficient”. . Let us make this our motto to attain workplace safety. . All mankind, please make this your motto at work. . Please type this out in … Continue reading →

Posted in Business & Finance, Corruption, Economy; Perfect Economic Storm? When?, Education; What is Complete Whole Person Education?, Fate, Destiny, Accidents & Coincidence, Government, Labour, Lee Kuan Yew's Legacy [His life 1923-2015], Minimum Wage; PWM and WIS in Singapore's wage policies, Productivity, Security, Social issues, Socialistic Policies, Spiritual First - then mental then physical | Tagged , , , | 5 Comments

MW: Minimum Wage Policy; WIS: Workfare Income Supplement; PWM: Progressive Wage Model; Universal Basic Income; LQS – Local Qualifying Salary; Minimum income standards; Basic Living Standards; Should MW be given to all – the locals, all foreign workers, and foreign domestic helpers? WP wants MW of S$1300 for locals only; Cleaners’ wages to rise yearly over six years from 2023;

Posted on August 30, 2015 by tankoktim

============ . Raise low end wage levels… how? MW? Or, PWM and MIS? The rich, powerful, learned, with 5Cs, and some with deep grudges champion for the poor, but do they put their money where their mouths are? More on … Continue reading →

Posted in Business & Finance, Cost of Living & Retirement Adequacy, GE2020 on 10th July 2020; and one year later;, Government, GST, Labour, Minimum Wage; PWM and WIS in Singapore's wage policies, Politics, Productivity, Social issues, Socialistic Policies | Tagged | 9 Comments

Retirement adequacy – a long-term concern? How to top-up CPF for Gig workers/the 20% lower-income groups? Will the Govt have the political will to have policies that stand in good stead for us to be an inclusive society? How to have socialist policies for the sake of Singaporeans’ well-being; All about money; More should be done when we are hit by an economic storm;

Posted on March 16, 2015 by tankoktim

========== . Retirement adequacy for the poor [the 250,000 or the 25% at the base of our society] must be one of the top social issues to be discussed and addressed. How it should be addressed and why? What are … Continue reading →

Posted in Budget 2015 - new policies?, Cost of Living & Retirement Adequacy, CPF, Economy; Perfect Economic Storm? When?, GE2020 on 10th July 2020; and one year later;, Government, Govt's Budget, GST, HDB Public Housing; affordability; EIP policy; and resale prices;, Inflation and Rising cost of living, Medical & Health, MediShield Life mandatory medical insurance, Minimum Wage; PWM and WIS in Singapore's wage policies, MRT, National Day Rally - new policies and strategies, National Reserves, PG and CHAS, Politics, Silver Support Scheme, Social issues, Socialistic Policies, The Govt listened and implemented my ideas and feedback, Transport, Workfare income supplement; Progressive Wage Model | Tagged , , , | 2 Comments

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

Posted on February 7, 2015 by tankoktim

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

My 2015 Budget Wishlist – Good governance needs good policies

Posted on May 27, 2014 by tankoktim

Good policies for the sake of the people?  What should the Govt have in the 2015 Budget? I would like to suggest that the Govt consider and implement the following socialist policies in the 2015 Budget. It will be a … Continue reading →

Posted in Budget 2015 - new policies?, Cost of Living & Retirement Adequacy, CPF, Education; What is Complete Whole Person Education?, Government, Govt's Budget, GST, HDB Public Housing; affordability; EIP policy; and resale prices;, Medical & Health, Minimum Wage; PWM and WIS in Singapore's wage policies, MRT, Social issues, Socialistic Policies, Transport | Tagged , , , | 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.

Posted on March 1, 2014 by tankoktim

========= . 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

Our Singapore Conversation has completed – what's next to prepare for GE 2016?

Posted on August 15, 2013 by tankoktim

Has the OSC identified the SWOTs for red dot to plan ahead? 2015 will be our 50th year.  What will be in store on the 100th year for Singaporeans? First, I hope the Govt will embrace the original socialist values … Continue reading →

Posted in Cost of Living & Retirement Adequacy, Government, Govt's Budget, GST, HDB Public Housing; affordability; EIP policy; and resale prices;, Medical & Health, Minimum Wage; PWM and WIS in Singapore's wage policies, Politics, Population, Social issues, Taxation | Tagged , , , , , | 2 Comments

Wage Credit Scheme – where are the loopholes? Wage increase for healthcare professionals in 2021; They are the frontline healthcare workers fighting against this Covid-19 virus pandemic;

Posted on April 28, 2013 by tankoktim

2013 BUDGET –  Wage Credit Scheme I wrote in my blog.com: WAGE CREDIT SCHEME [WCS]: The wage credit scheme is a way to address Prof Lim Chong Yah’s call to freeze the pay of management to narrow the income gap.  … Continue reading →

Posted in Cost of Living & Retirement Adequacy, Government, Govt's Budget, Labour, Minimum Wage; PWM and WIS in Singapore's wage policies, Workfare income supplement; Progressive Wage Model | Tagged , , , , | Leave a comment

Counter-Unemployment Fund? “Policy proposals on 4 key issues in GE 2011” in BT on 19 April, 2011; the Gig economy; the self employed; the jobless;

Posted on March 11, 2013 by tankoktim

======= . Australia has the dole for those on the self-chosen path of staying unemployed or half employed, go surfing and catch a fish for dinner. Will our various jobless financial supports lead to that same path for some in … Continue reading →

Posted in Cost of Living & Retirement Adequacy, Government, Govt's Budget, GST, GST Rebates, HDB Public Housing; affordability; EIP policy; and resale prices;, Labour, Minimum Wage; PWM and WIS in Singapore's wage policies, Politics, Population, Socialistic Policies | Tagged , , , , , | Leave a comment

2014 Budget? Was the 2013 Budget progressive or regressive?

Posted on March 2, 2013 by tankoktim

2013 BUDGET: WAGE CREDIT SCHEME:  The wage credit scheme is a way to address Prof Lim Chong Yah’s call to freeze the pay of management to narrow the income gap.  It is a way to increase the pay of the … Continue reading →

Posted in Government, Govt's Budget, GST, Minimum Wage; PWM and WIS in Singapore's wage policies, Politics, Productivity | Tagged , , , , , , , | Leave a comment

Minimum Wage Policy – the basic flaws?

Posted on February 15, 2013 by tankoktim

MINIMUM WAGE POLICY [MW] Many politicians, the learned, and the would-be politicians have called for the implementation of the Minimum Wage policy. It is a noble call [by those in favour of and advocating for MW] with altruistic love for … Continue reading →

Posted in Cost of Living & Retirement Adequacy, Govt's Budget, Labour, Minimum Wage; PWM and WIS in Singapore's wage policies, Politics, Socialistic Policies | Tagged , , , , , | Leave a comment

Should employees decide their own wages? Semco of Brazil does that. Make private sector pay public like pay-scale of public service?

Posted on April 14, 2012 by tankoktim

Who decides ministers’ salaries: Should we pay MPs’ allowances and ministers’ salaries by having a 1% payroll tax payable by public-listed companies on their total annual group payroll not exceeding $10m; Maximum payroll tax shall be capped at $100,000 payable … Continue reading →

Posted in Business & Finance, Cost of Living & Retirement Adequacy, Labour, Minimum Wage; PWM and WIS in Singapore's wage policies, Productivity, Social issues, Socialistic Policies | Tagged , , | Leave a comment