You remember you use to work for only $5/Hr. When was that?
You also know there are people who works less than $4/Hr. This is 20% decrease, and you think this decrease pay can enable you to cope with climbing Swiss cost of living?
With $4/hr, you sure can buy 3 rooms flat easily, because MBT said it is affordable.
Wiith $4/hr, you sure can pay class C hosiptal bills easily, because TPL say it is low & afforable.
with $4/Hr, you sure can pay for Polytechnic & Unversity fee.
SG is one of few countries without miminium wages, and the only country with disproportion salary & increases pay-rise of ministries. So what impact on business cost more - miminium wages or huge pay for ministries & top civil servants - plus 8 months bonus for minstries, plus already huge salary, plus huge pay increase, plus allowance, plus free medical, plus pension etc. aren't these added much to business cost?
Lastly, Ex Speaker of Parliment Mr Tan Soo Khoon pointed rightly that "Government fees and charges contributing to the cost of doing business"
Gambling is never just "we are adults, everyone has to bear consequences of their actions". If it is, then no need exclusion etc already.
Gambling make innocent children suffer, many families broken, many divorce, many crimes. Is this worth the 1.2% of GDP in 1.5Km * 1.5Km?
Which bigger picture you are avoiding, serious social problem that will pull our economic down or short term gain of 37.5% gambling tax?
Or may be increase in tax collection due to pawn shops booming business and law firms doing divorce case.
Most of all, if much % of your club/country main income come from jackpot, then you must have no conscience, hope that your customers lost more & more $$$, so that you have better salary & bonus.
In the past, it is impossible to imagine NS of less than 2 years, so is 5 days week.
I do not see why 1 year is not possible in future. Some countries had NS less than 1 year.
The problem is not if NS is necessary, but why locals are losing so much to Foreign Talents because of NS?
Imagine Foreign Talents become Citizens by about age 30, while you have 5-10 years more of reservist to do till 40 years. Do you mind these Foreign Talents to be your supervisor, and see you as problem with your weeks of in-camp training, for 10 years?
losing $$$ billions aftermath of Lehman Brothers fall, and no accountability of it, is "good Governance"?
Yes, "the party managed to steer us clear out of the 2008/2009 recession, fast, effectively and smoothly"
Continue influx of Foreign Talents, replacing locals, causing more locals to be jobless or salary depressed.
Yes, with foreign Talents replace local during recession, business cost sure lower, we get out of recession fast effectively and smoothly.
Let see how "Good Governance" managed Orchard Road flood
1984, Orchard road was flooded
1999, New Paper stated Orchard road will never flood
2009 Nov 23, Highly pay Enviroment & water resource minister said the flooding in Bukit Timah was once in 50 years event.
Less than 50 weeeks later, beginning of series of 6 floods
2011 May 4, flood at Ang Mo Kio, Bishan. 1st time, and more to come?
Highly pay but can not deliver, is "Good goverance" to you?
letting some countries to join a single Euro currency is a mistake, if you understandhow currency is valued. Also, ask yourself, why bailouts are mainly from Euro zone countries?
BTW, do you think PAP not issues Treasury Bills before?
It is easy to see that USA & Europe had difficulties sterring clear. But it is foolish to think that sub-prime mortage (yes, the term sub-prime mortage is out-dated, so guess why i used "old term") will not repeat here. Just look at good goverance of MBT.
Your example of mineral water is no diffeent from Dr Balakrishnan, when replied Lily Neo in 2007 parliment sitting "How much do you want? Do you want three meals in a hawker centre, food court or restaurant?"
Tap water is necessities, but not mimeral water. Drinking Tap water in SG wont harm.
Swiss has 2 ties of VAT (SG version of GST), 2.4% for basic necessities, and 7.6% for the rest. They have a strict list of what is necessities, e.g. basic bread, jackets etc, and what is not, e.g. computer games etc. If you buy basic bread & abolane at the same time, you pay 2 different VAT.
Contrary to what you think, it is not difficult to have 2 tie GST, since our ministeries are highly educated, and earning much more than ministries in Switzerland, who have been doing these for years.