So, is it any wonder that our Press Freedom ranking is 151st in the world? Almost every time that we hear that taxes need to be increased because of increasing social spending – there are hardly any details on the projected sums and how the increased tax revenue will be used?
This is not the norm for practically every developed country in the world when they talk about raising taxes.
But investments and social spending are costly, and the Government must make sure it can afford them, he said. Speaking to about 2,000 activists at the PAP convention, Mr Lee said that while Singapore has enough revenue for this term of Government, spending has been going up and must rise further. And as Singapore’s spending needs grow, he stressed that Finance Minister Heng Swee Keat was right when he said that raising taxes is not a matter of whether, but when.
So, what percentage of 2-room flats are actually purchased with the maximum housing grants, such that the price is only $8,000? Isn’t this kind of misleading? At least in the past – I understand that both the prices before and after grants were shown. Would the Advertising Standards Authority of Singapore (ASAS) care to comment?