The PAP Senior Minister of State and colorectal surgeon Koh Poh Koon tried to justify the increase in MediShield Life premiums in 2021 by saying that delaying such an increase will only result in “steeper hikes down the road to catch up with rising claims.” MediShield Life premiums are expected …Read More »
Tag Archives: Budget Surplus
SG MEDIA SAYS RAISING TAX IS THE BEST WAY FORWARD!
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.Read More »
GOVERNMENT MAKES MONEY FROM TRANSPORT FARES?
Mr Magnus added that “there will need to be equitable cost sharing among commuters, taxpayers and public transport operators”, and that there was a need to consider the long-term financial viability of the public transport system” – does it make much sense to you that the Government is willing to spend $8 billion to, in essence help the transport operators, but is arguably not willing to spend any money to help commuters – and want to increase fares? With regard to “Transport Minister Khaw Boon Wan also raised the possibility of higher transport fares last month. He had said in Parliament that it was not sustainable for taxpayers to increasingly subsidise the costs of running the public transport system” – since the Government’s revenue from transport was $9.2 billion in the last financial year – isn’t it still making money from transport, even after spending the projected $8 billion in the next five years, and “the $20 billion that the Government has committed to building new infrastructure” (over how many years? more than five years?)?Read More »