western style taxation feasible in singapore?
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what do u think?. Will it work?
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Then they will derive more revenues and give out zero welfare if start start adopting western style models of taxation, making citizens even poorer.
The need for western models of taxation is to generate revenue to sustain their welfare programmes. But in Singapore welfare has been turned into a dirty word by P4P politicians. Why do we still have charitable organisations if welfare is deemed bad by P4P politicians?
Selfishness prevails in the Singaporean society, most feel that money spent on helping the less privilege is a bad thing.
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i a m not talking about unemployment payment but retirement pension.
Of course nothing works well without proper regulation. Given the mentality of singaporeans, many will try to claim unemployment benefits...we can do the model without some of the liberal forms of the western taxation system.
Its all about tailoring.
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The key issue is: Are we willing to pay for the high taxes or not?
For me, I wont be so keen to be heavily taxed for my hard-earned money to support the lazy bums in our society. Unless you are talking those people who are really in need of help.
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Originally posted by Melbournite:
i a m not talking about unemployment payment but retirement pension.
Of course nothing works well without proper regulation. Given the mentality of singaporeans, many will try to claim unemployment benefits...we can do the model without some of the liberal forms of the western taxation system.
Its all about tailoring.
the people running this place is lazy to tailor even though they always claim to be doing it.
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Originally posted by Spartans:
The key issue is: Are we willing to pay for the high taxes or not?
For me, I wont be so keen to be heavily taxed for my hard-earned money to support the lazy bums in our society. Unless you are talking those people who are really in need of help.
Thing is... the inefficienct bureacracy takes too long to really sieve and help out those Singaporeans who really needs help... And this is happening in a country with a population of only 3.5 mil staying within Singapore, with near to half being non-Singaporeans somemore.
It is rubbish to say that the government/town council has too many things to do, because their main objective should be only one thing, which is care for the people.
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Originally posted by Spartans:
The key issue is: Are we willing to pay for the high taxes or not?
For me, I wont be so keen to be heavily taxed for my hard-earned money to support the lazy bums in our society. Unless you are talking those people who are really in need of help.
I don't mind if income is at the level of Australia, as after tax disposable income still far surpass that of the current Singapore.I won't call those who use free healthcare lazy bums.
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Originally posted by alwaysdisturbed:
the people running this place is lazy to tailor even though they always claim to be doing it.
Maybe we need to pay them even more money to make them more productive.
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Originally posted by maurizio13:
Maybe we need to pay them even more money to make them more productive.i think they rather channel that extra money to somewhere and give themselves a pat on their backs.
humans are greedy afterall.
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Originally posted by alwaysdisturbed:
i think they rather channel that extra money to somewhere and give themselves a pat on their backs.
humans are greedy afterall.
greed is human nature.neither the MIW are free from it.
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i think they are addicted.
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i think what our govt does is relying on foreign MNC to set up biz here.
they can still do it by cutting down on corporate tax but introducing a min wage + higher taxation. This way the burden of taxation is offloaded from the companies and passed on tot he citizens. In return the citizens will have social benefits from this taxation.
India and China will always be a cheaper place but what singapore has is the infrastructure and security.
so why is the PAp worried about not attracting MNC?... The system in Australia is working, why would it not in Singapore.
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Melbournite is an idiot. Increasing income tax will just add to the burden of the people. State institutionalized welfare is a big no-no in Singapore and no about of tailoring will prevent the system from being abused even if it were implemented. Melbournite is suggesting the government lower corporate tax and increase income tax?
FUCK YOU. Go fuck yourself in Australia and spare us you idiot suggestions. Better yet go sell you wife to your Aussie neigbour and start eating dog food because that's what your suggestions mean to us in Singapore. -
Originally posted by Melbournite:
i think what our govt does is relying on foreign MNC to set up biz here.
they can still do it by cutting down on corporate tax but introducing a min wage + higher taxation. This way the burden of taxation is offloaded from the companies and passed on tot he citizens. In return the citizens will have social benefits from this taxation.
India and China will always be a cheaper place but what singapore has is the infrastructure and security.
so why is the PAp worried about not attracting MNC?... The system in Australia is working, why would it not in Singapore.
Australian wages are 3-4 times higher than Singapore, if you are talking about increasing taxes with the current wages, I think alot of the poor will suffer.
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In strong and vibrant democracies, a generous social-welfare state is the road to fairness, economic equality and international competitiveness.
Study the Scandinavian model. That's better than the US welfare policy, according to one article.
"The results for the households at the bottom of the income distribution are astoundingly good, especially in contrast to the mean-spirited neglect that now passes for American social policy. The U.S. spends less than almost all rich countries on social services for the poor and disabled, and it gets what it pays for: the highest poverty rate among the rich countries and an exploding prison population. Actually, by shunning public spending on health, the U.S. gets much less than it pays for, because its dependence on private health care has led to a ramshackle system that yields mediocre results at very high costs."
After direct and indirect taxation of Singapore's citizens for so many years, there's more than enough money to give the Scandinavian model a try.
However, the PAP must not be given the power to hold and decide how to spend or invest the country's reserves and the citizens's retirement funds. It might bankrupt the country.
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Originally posted by googoomuck:
In strong and vibrant democracies, a generous social-welfare state is the road to fairness, economic equality and international competitiveness.
Study the Scandinavian model. That's better than the US welfare policy, according to one article.
"The results for the households at the bottom of the income distribution are astoundingly good, especially in contrast to the mean-spirited neglect that now passes for American social policy. The U.S. spends less than almost all rich countries on social services for the poor and disabled, and it gets what it pays for: the highest poverty rate among the rich countries and an exploding prison population. Actually, by shunning public spending on health, the U.S. gets much less than it pays for, because its dependence on private health care has led to a ramshackle system that yields mediocre results at very high costs."
After direct and indirect taxation of Singapore's citizens for so many years, there's more than enough money to give the Scandinavian model a try.
However, the PAP must not be given the power to hold and decide how to spend or invest the country's reserves and the citizens's retirement funds. It might bankrupt the country.
They rather purchase bad overseas investments instead of investing in Singapore. -
to the guy who made derogatory remarks about me and my wife, i say go to hell...
Ppl like u only flame in forums with no constrcutive suggestions or input to discussion,,
A dumb idea is better than no idea at all as it at least provides food for thought .
100 years a go man tried to fly through dumb ways but now he has progressed on to even flying to outer space...
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I agree that a country like singapore needs to look at sustainable systems of governance rather than one which is fragile and changing ..
singapore always maintained its preference for Businesses than the workers but this will have the negative impact. Eventually discontendted workers means a disadvantage for the business as well as productivity may be affected. What goes around comes around, as per saying.
I talked to a few foreigners who have worked in singapore and they say its not a good place to work especially for the skilled workers in the lower strata .
Even now in Australia, severe shortage of labour is In. but lots of people are always trying to come in to work because of the system in place it has.
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SIngapore may always attract the businesses but attracting workers for the businesses is more important.this is the reason on why min wage is important.
Whats more important is the the relation of the country's social polices that are tied in with the economy and workfforce and pretty much everything else as well
This is where singapore is severely lacking. There is an unbalanced system in place which will rear its ugly head in times of economic downturn.