Many news websites have a dishonest practice of auto-renewal.
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Saturday, June 22, 2024
Dishonest practice of auto-renewal
Verified profiles
The authority in each country should set up a database of verified profiles for posting and commenting in social media.
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Sunday, June 16, 2024
Singapore people pays too much taxes
The people of Singapore have to pay many layers of direct and indirect taxes.
The direct taxes are income tax, goods and services tax, vehicle taxes (including COE, road tax, petrol tax, parking fees and ERP), levy on foreign maids, taxes on liquor, tobacco, gambling and stamp duties.
Some of these taxes, such as COE and stamp duty on properties are big ticket items.
The sale of state land is another large source of revenue to the government but it is accounted separately.
The government collects more revenue than is needed to provide the public goods. It generates a large surplus in most years, which are transferred to the national reserves or to various endowment funds (which are difficult to keep track of).
The alternative to generating a large surplus is to reduce the tax burden and lower the cost of living borne by the people.
Some of the government spending are unnecessary (such as the $550 million on ERP 2.0) or excessive (such as the very high salaries paid to political office holders). There are many other examples that have been quoted elsewhere
As the ordinary people struggle with the high cost of living, they should send a strong message in the coming general election that they want this important bread and butter issue to be addressed at its root cause.
Tan Kin Lian
Look beyond personal circumstances
There are many people, especially among the better educated, who have accumulated some wealth over the past decades, and could comfortably afford the high cost of living today. I belong to this group.
However, I look beyond my personal circumstances and worry about the large numbers of people in our society, who have not accumulated sufficient savings and wealth, and cannot afford the high cost of living.
It is important that we elect a government that will address the root cause of the high cost of living, instead of giving small amounts of various vouchers that are inadequate and costly to administer.
Tan Kin Lian