Minister Chan CS urge the elite to give back to society.
Article
The "urging" is just another pretense.
It is better to get the elite to pay more income tax, and abolish GST. And, the minister can still urge the elite to give back more to society voluntarily.
Some people say that higher income tax will chase the elites away to another country. It will not happen. Most of the elites earn their salary and profits by operating in Singapore. If they move away, they will lose a big source of their income.
What about the multi-millionaires from overseas who are attracted to come to live in Singapore? They will still come because their overseas income are exempt from income tax anyway. They are attractive by other reasons to live in Singapore, and not low income tax.
Let us get away from the urging and the false reasons. Let us address the inequality and reduce the burden of high cost of living from the working people.
Tan Kin Lian
Article
The "urging" is just another pretense.
It is better to get the elite to pay more income tax, and abolish GST. And, the minister can still urge the elite to give back more to society voluntarily.
Some people say that higher income tax will chase the elites away to another country. It will not happen. Most of the elites earn their salary and profits by operating in Singapore. If they move away, they will lose a big source of their income.
What about the multi-millionaires from overseas who are attracted to come to live in Singapore? They will still come because their overseas income are exempt from income tax anyway. They are attractive by other reasons to live in Singapore, and not low income tax.
Let us get away from the urging and the false reasons. Let us address the inequality and reduce the burden of high cost of living from the working people.
Tan Kin Lian
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