By Andrew PK Yap
www.newsintercom.org
June 23rd 2008 0800am
When they say no subsidies to cushion the worldwide inflationary effect
on Singapore, what are the reasons that they give? No reason worth
mentioning. This is curious. When times are good, they tax you to the
hilt and if they tax you to the hilt when times are good, does it not
make sense to give subsidies when times are bad? What then are
excessive taxes for, and is it for them to lose the money to
foreigners, buying foreign banks shares in support of ailing foreign
banks?
They bought Barclays Bank at around 700 in July ’07 and now it looks like it is about to go below 300.
I thought in the past they said, the reserves would be used to help us cushion the impact of any economic downturn.
So they lied to us?
...the pledge said "to build a democratic society" and while they make every student say it every assembly, even that was a lie....
...what can you expect from dishonorable people?
...if they say, they hold elections, so does North Korea and that is a democratic country? China that murders its own people is a democratic country?
May be the $ from tax is channelled into making for loss in investment, so I guess that is why they are reluctant to even reduce taxes on petrol.
When times are good, it is money talk, when times are bad, it is also money talk! Crap, why so full of crap.
Ah Mah said ERP hike is good for you ah.
ask u to give den give lor...ask this and that no use..if the gabrament tells u the reason, can your underclass losers' mind ever understand the vast intelligence of our magnificent leader?
that is what the gabrament will want you to believe and act. they will snatch from u ur daily bread. but when u go hungry, its because u never planned your finances well enough. thats y they even have to have CPF for u.
Originally posted by maurizio13:
I thought in the past they said, the reserves would be used to help us cushion the impact of any economic downturn.
So they lied to us?
cos they know most people will forgot what they say mah.
Originally posted by maurizio13:
I thought in the past they said, the reserves would be used to help us cushion the impact of any economic downturn.
So they lied to us?
Nonsense.
Singapore is managed by elite ministers.
How to have economic downturn?
We're not paying them million dollar salaries for no reason you know. 
But they have no problems bailing out foreign banks....
Temasek comes to Barclays rescue for second time
BARRY PORTER
[email protected]TEMASEK will invest up to another £200 million ($539 million) in British bank Barclays as part of a major international fund-raising exercise to help shore up its balance sheet.Temasek paid :£975 million for its initial 2 per cent stake in the United Kingdom’s fourth largest lender in July last year, but has since seen those shares slide 57 per cent in value in the wake of hefty United States sub-prime-related losses.Since they like to kiss British asses so much, they should just ship themselves off to England....
It is unfortunate that we have a "bai jia" gahmen who is in favour of foreigers than the locals. They will rob us till we are dry and be happy about it. When times are bad there is no help from the gahmen but simply just told the nation not to buy branded bread. To gahmen, words like "cut taxes, reduce taxes, subsidy" are dirty words that will deprive them of less earning from the people.