Monthly Archives: February 2008

Month: February 2008 Today in Parliament: True that bottom 40% still gain even after paying taxes?

Finance Minister Tharman Shanmugaratnam produced data to show that the Government’s Budget policy enables the bottom 40% of wage earners to receive more in government benefits this year than they will pay in taxes. According to him, for this group of people, what they get from the government will also be more than the increase in spending due to inflation.

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Month: February 2008 Why I can’t Move On

EDITOR’S NOTE: The following is a Sammyboy Coffeeshop forum post made by the moniker MentisMortis Dear ALL, While I was still a damp (not wet) behind the ears young adult who was trying to grow out my hair from the standard army coiffe, all of 22 years and in university, I was very much full of ideals and drive to

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Month: February 2008 Dr Wong Wee Nam: Why Do We Need 6.5 Million People?

Why Do We Need 6.5 Million People? The Over-Population Problem On 21st February 2008, a friend sent me an ST online forum letter written by Mr. Yong Koi Kwong on why Singapore should not become a 6.5 million city state. The writer said: “Singapore is situated in a hot humid equatorial region. The average relative humidity is 80 per cent

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Month: February 2008 Rising costs dominate Budget debate (25 Feb 08)

Rising costs and their impact on people’s ability to make ends meet dominated the start of this year’s Parliament debate on the government’s Budget. Many of the 19 MPs who spoke during the five-hour session praised the Budget for being forward-looking and generous, but 13 also voiced concern at a slew of recent price hikes. MPs also said businesses have

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Month: February 2008 Budget 2008 highlights

Growth Dividends: $865 million worth of “Growth Dividends” will be given to adult Singaporeans, averaging $100 to $600 per person. NSmen and NSFs will also receive an extra $100 each. Estate Duty: Estate duty is abolished. Personal Income Taxes: No changes in personal income tax rates this year, but an income tax rebate of 20 percent, to be capped at

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Month: February 2008 Some back-of-the-envelope CPF Life calculations

I have made some back-of-the-envelope CPF Life calculations. This example is for a male participant who has $67,000 cash in his CPF Minimum Sum (assuming a total Minimum Sum of $134,000, of which half is property pledge, and half is cash savings). These are my assumptions: (1) The government makes a consistent rate of return of 5% on ALL of

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Month: February 2008 National Lifelong Income Scheme (CPF Life) 1st Update

The National Lifelong Income Scheme, also known as the CPF Life scheme, has been finalized and will roll out in 2013. In the 1st update, I will provide a summary of the key features of the scheme, emphasizing key points that are potentially contentious. A formal critique of the scheme will be published in the 2nd update. The CPF Life

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Month: February 2008 Thinkall: Of State and Enterpises

By Thinkall 18 Feb 08 There is governance, and there is governance and there is governance. The beauty of relationship management lies in the most fundamental notion of layered thinking and focused understanding of the wherewithal lies in the application of those many levels of thinking and yet acting in a manner concerted and simple without the onus of conscience

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