Category Archives: Workfare income supplement; Progressive Wage Model

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

A healthy population; Expand community healthier physical activities; Live and age well; Building more hospitals and clinics not the long-term solution; Rising cost of healthcare is a concern; Add reward element, increase incentive in the push for healthy living; Also: reward those who live healthy lifestyles; Successful ageing – Live and age well – ageing gracefully; How? Caring for the aged with low retirement CPF funds – retirement adequacy;

Posted on March 18, 2020 by tankoktim

  ===================== .   A healthy population will result in many benefits to the self and the society as a whole: higher productivity due to less down time; greater medical cost savings in hospitals and clinics; and less mental and … Continue reading →

Posted in CareShield Life insurance - permanent disabilities, Cost of Living & Retirement Adequacy, CPF, Inflation and Rising cost of living, Medical & Health, MediShield Life mandatory medical insurance, Population, Productivity, Silver Support Scheme, Social issues, Socialistic Policies, Workfare income supplement; Progressive Wage Model | 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

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

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

Wealth Tax – high direct income tax will cause ‘Wealth Flight’; A deterrence: 35% stamp duty on Living Trust; Bring back Estate Duty tax? Basic standard of living; Solutions? 3% Sales Tax on expensive and branded goods? Or, bring back Payroll Tax to set up a Workfare Income Supplement Fund? Depoliticise – have a fund to pay ministers’ salaries? Have mortgage tax as another form of wealth tax on the rich;

Posted on January 2, 2013 by tankoktim

============= . Where should the money, the funding come from? We should not have direct wealth tax as it will drive away wealth. Solutions? ================= . Wealth tax will drive away wealth. We have indirect consumption tax on wealth. We … Continue reading →

Posted in Business & Finance, Cost of Living & Retirement Adequacy, Economy; Perfect Economic Storm? When?, Government, Govt's Budget, GST, HDB Public Housing; affordability; EIP policy; and resale prices;, Politics, Properties, Social issues, Socialistic Policies, Taxation, Transport, Workfare income supplement; Progressive Wage Model | Tagged , , , , | Leave a comment

Hawker food prices? Who pay for price increases? Rising HDB hawker stalls and shops’ rental affect all – Keep the COL and food cost down in hawker centres; How? CDC S$100 vouchers; Going cashless in hawker centres? Keep it clean and the birds out; UNESCO – S’pore’s hawker culture on Unesco heritage list; Are we paying hawker centres appropriately for the culinary skills? Do some owners rent out the stall for passive income?

Posted on March 7, 2012 by tankoktim

======= . We pay. All pay. Unable to pay, buy and throw away if unable to DIY repair. This is the Australian way. Buy and Throw Away way of life unless you can pay for expensive repair costs or DIY. … Continue reading →

Posted in Cost of Living & Retirement Adequacy, Food & Drinks; hawker centres; foodcourts;, Government, Govt's Budget, GST, Hawker Food -Top Favourites, HDB Public Housing; affordability; EIP policy; and resale prices;, Inflation and Rising cost of living, Labour, Minimum Wage; PWM and WIS in Singapore's wage policies, PG and CHAS, Productivity, Properties, Silver Support Scheme, Singapore in 1960s, Social issues, Socialistic Policies, State Land, Workfare income supplement; Progressive Wage Model | Tagged , , | 2 Comments

NTUC should help jobless members – in Business Times 10Feb2011; What other benefits are there for their members? Will unemployment insurance be the answer?

Posted on February 10, 2011 by tankoktim

====== . What can NTUC do to help its members? Is unemployment insurance the answer? What else is missing? What did I write on this in Feb 2011 in Business Times?   Please see copy below . ============ . Commentary: … Continue reading →

Posted in Business & Finance, Cost of Living & Retirement Adequacy, CPF, Economy; Perfect Economic Storm? When?, Inflation and Rising cost of living, Labour, Minimum Wage; PWM and WIS in Singapore's wage policies, Politics, Productivity, Social issues, Socialistic Policies, Workfare income supplement; Progressive Wage Model | Tagged , , | Leave a comment