Progressive Tax Rates

I agree with the views expressed by Calvin Cheng in this letter published in the Straits Times. We need the higher income earners to pay more tax, so that the state has sufficient money to take care of the poorer sections of our society.

http://www.straitstimes.com/STForum/Story/STIStory_796334.html

At the same time, we should also introduce a minimum wage. Although the small business owners may find it difficult to cope initially, they can adjust. Eventually, rental rates have to come down, when their profits are squeezed.