Lower The Cost Of Living
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A welfare state, the money comes from taxpayers
It does no help in reducing cost of living either
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if any tax is needed to finance this,a increase in luxury tax for luxury items will be the best way to do this since the income gap btw the rich and the poor is widening so much.Such redistribution should help to get a better balance btw the poor and the richOriginally posted by Nelstar:At the price of other taxes?
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I only see CPF contribution falling..Originally posted by Aveme:if any tax is needed to finance this,a increase in luxury tax for luxury items will be the best way to do this since the income gap btw the rich and the poor is widening so much.Such redistribution should help to get a better balance btw the poor and the rich -
many countries have the income-gap problems but none can find a solution to it.
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Who's talking about welfare state? Just return the stolen money back into Singaporean's pocket instead of putting it year in year out into theirs.Originally posted by sbst275:A welfare state, the money comes from taxpayers
It does no help in reducing cost of living either
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So who's asking for unemployment pensions?Originally posted by casino_king:Who's talking about welfare state? Just return the stolen money back into Singaporean's pocket instead of putting it year in year out into theirs.
1 way, is to give more packages when the economy goes well not until bef elections or raise of GST... When the country does well for this year, everyone should get part of the fruit -
no one is asking for an outright welfare state but more should be done to track the really needy.Originally posted by sbst275:A welfare state, the money comes from taxpayers
It does no help in reducing cost of living either
Eg even if they do not want to cut GST for essential item so that the govt's tax figure is not affected too much,they could do better in tracking needy families and maybe provide only these needy families with coupons that will give them a price discount when buying essential items.This way only the really needy will get access to a "lower cost of living".At the same time,this should not be for long term since it would encourage people to be lazy so during these time when they are given such coupons,alternative help should be given to solve the root of the problem,eg the breadwinner is retrenched so help to get the breadwinner a new job,once the breadwinner is back on track,this coupon system to help out will be withdrawn -
The problem with our govt is that they are not doing a good job to track the really needy aka not the MPs not doing enough ground work in their area.Instead they depended on the dept of statistic for info that is not truely reflective on what is happening on the ground level,so our MP should really be made to work harder for the pay that they are getting
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actually there is no perfect receipe in lowering cost of living..if not, every govt in the world will be using it..
pple generally accepted that rising cost is inevitable, but how to minimise the pain is the key thing n tat's wat our govt should do...apparently voters feel tat govt can do much more n better, just tat they're not trying hard enuff... -
Who in the world now is able to stop the oil price from going up?Originally posted by Inzaghi:actually there is no perfect receipe in lowering cost of living..if not, every govt in the world will be using it..
pple generally accepted that rising cost is inevitable, but how to minimise the pain is the key thing n tat's wat our govt should do...apparently voters feel tat govt can do much more n better, just tat they're not trying hard enuff...
Maybe when it hits $80, and no one can tahan it... -
no one can push down mkt price of any international goods n services. However, these things when consumed at domestically are usually taxed n tat's y different countries have different pump prices etc..Originally posted by sbst275:Who in the world now is able to push the oil price from going down?
Maybe when it hits $80, and no one can tahan it... -
The govt cannot stop price rises for the general population but it does not means the govt cannot do something to minimize the effect for a certain segment of the population aka the really needy,this is the area that the govt is not doing well enough.Originally posted by sbst275:Who in the world now is able to stop the oil price from going up?
Maybe when it hits $80, and no one can tahan it... -
Malaysia one is because KL is subsidising them... But a higher petrol price, they end up having to subsidise more, that's why now 1lit cost S$0.85 or RM1.92 nowOriginally posted by Inzaghi:no one can push down mkt price of any international goods n services. However, these things when consumed at domestically are usually taxed n tat's y different countries have different pump prices etc.. -
yap..their govt is subsidising the pump price..now give less subsidy, the price will go up...our govt is taxing on the pump price...if tax less, the price will go down...Originally posted by sbst275:Malaysia one is because KL is subsidising them... But a higher petrol price, they end up having to subsidise more, that's why now 1lit cost S$0.85 or RM1.92 now -
You can say they aren't doing enoughOriginally posted by Aveme:The govt cannot stop price rises for the general population but it does not means the govt cannot do something to minimize the effect for a certain segment of the population aka the really needy,this is the area that the govt is not doing well enough.
What's enough? Increase the petrol tax to cross subsidise diesels for lorries and SBS buses? -
If they tax less, other taxes will go upOriginally posted by Inzaghi:yap..their govt is subsidising the pump price..now give less subsidy, the price will go up...our govt is taxing on the pump price...if tax less, the price will go down...
It's just a balance of equation -
Thr only thing is prevent oil price from shooting up is when US stopped threatening to hit Iran. Lok at the invasion of Iraq brought little progress.Originally posted by sbst275:Who in the world now is able to stop the oil price from going up?
Maybe when it hits $80, and no one can tahan it... -
i wonder why our ministers pay is so high... the suggestion of lowest household income multiplied by 100 for the pay of the minister... i shall invite steve jobs (apple ceo) to stay here.... annually paid $1 lowest paid CEO . thus ministers salary $100?
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of cos..we cant always run a budget deficit if not our future generation will have to pay for our doings..Originally posted by sbst275:If they tax less, other taxes will go up
It's just a balance of equation
wat i wanna say is govt should look into how they should better redistribute income through taxes..of cos its not easy..but we have to start along somewhere, if not we will never get anywhere -
Read what i posted aboveOriginally posted by sbst275:You can say they aren't doing enough
What's enough? Increase the petrol tax to cross subsidise diesels for lorries and SBS buses?
not enough is the portion of identifying the truely needy.The govt had so far only being using statistic and think based on this,the lowest income bracket are still doing well and thus the effort to help this particular group is not as good as it should be.
Bear in mind that the govt cannot ignore this problem and keep sweeping it under the carpet forever,there will be social cost slowly creeping up on them.Desperate people who really cannot cope with the cost of living can do desperate stuff.Even if social cost does not increase,it will still lead to more disgrunt and will sure come back to haunt them in the next election 5 years later. -
Even I give a avg low income wage of $1000, so what LTK said of capping it at 20%, would be abt $200Originally posted by leoloe:i wonder why our ministers pay is so high... the suggestion of lowest household income multiplied by 100 for the pay of the minister... i shall invite steve jobs (apple ceo) to stay here.... annually paid $1 lowest paid CEO . thus ministers salary $100?
So with $200, they can go to parliment in slippers and shorts
Even he said of muliplying by 100 if they help the poor, so how many are they going to help? 200 a mth? 400 a mth?
Say cap it @ $10K a mth -
It's never a easy job to keep cost of living low, external factors are oftenly the ones pushing... But aft this election, they have learn how to learn more on some issues like thisOriginally posted by Aveme:Read what i posted above
not enough is the portion of identifying the truely needy.The govt had so far only being using statistic and think based on this,the lowest income bracket are still doing well and thus the effort to help this particular group is not as good as it should be.
Bear in mind that the govt cannot ignore this problem and keep sweeping it under the carpet forever,there will be social cost slowly creeping up on them.Desperate people who really cannot cope with the cost of living can do desperate stuff.Even if social cost does not increase,it will still lead to more disgrunt and will sure come back to haunt them in the next election 5 years later.
Defintely they can reduce land taxes.. -
The govt can increase interest rates to curb inflation.Originally posted by Aveme:The govt cannot stop price rises for the general population but it does not means the govt cannot do something to minimize the effect for a certain segment of the population aka the really needy,this is the area that the govt is not doing well enough. -
yes redistribution is neededOriginally posted by sbst275:If they tax less, other taxes will go up
It's just a balance of equation
when they introduced GST,they lowered the income tax which also included the income tax bracket for the 20% richest,so in effect the rich got taxed less while the burden of our govt's tax coffer is being weighted down on the poor (since in the first place,they did not need to pay much income tax due to low income).The 5% GST in effect increased their burden and created a wider riff btw the rich and the poor in terms of being having enough to survive per day/month/year. -
that would not be a clever way to curb inflation given that singaporeans are so heavily in debt.A increase in the interest rates will means tht the rate at which people repay their loans at will increase as well leading to an even higher burdenOriginally posted by will4:The govt can increase interest rates to curb inflation.