dong Posted February 25, 2013 Posted February 25, 2013 It seems that the Government is handing out more money, wonder where the money is coming from? ???
vieri Posted February 25, 2013 Posted February 25, 2013 It seems that the Government is handing out more money, wonder where the money is coming from? ??? Surplus. I suspect we have been overtaxed, directly & indirectly. vieri
westendboy Posted February 25, 2013 Posted February 25, 2013 This one is called take from your left pocket, they keep some and put the leftovers in your right pocket. They also include some nice words in confusing sentence structures to make you feel beholden to them. Did I leave anything out?
n3wk1d Posted February 25, 2013 Posted February 25, 2013 If this is true and with facts or trails, this is gonna back claim up to 30 years. Even if we were overly taxed, don't think we can find any holes about it. So, better don't mislead others.... Maybe this are money which is budgeted for 2012 and should benefit Singaporean but some smart MP doesn't really use it but cut cost and cut corner everywhere. Hence the surplus and need to hand out as "Ang Bao". Looks good, right ? Surplus. I suspect we have been overtaxed, directly & indirectly. vieri
dXter Posted February 25, 2013 Posted February 25, 2013 It seems that the Government is handing out more money, wonder where the money is coming from? ??? More FT, more tax.
bolts1624705732 Posted February 25, 2013 Posted February 25, 2013 Surplus. I suspect we have been overtaxed, directly & indirectly. vieri The surpluses came largely from stamp duties and motor vechicles taxes. If you have been buying cars or additional properties last year, you have been doing "National Service".
yp Posted February 25, 2013 Posted February 25, 2013 I am sadden to know that most surpluses has been gotten probably because of the taxation from the general local pop in many ways such as coe, erp, hdb, hospital bills, public transport, gst etc and not because of economic activity like from casinos, banking sector, seaport and airport activities. If this is the case, they are basically just returning a part of our taxes which they have taken earlier. They should think ways of getting from foreign companies and foreigners. I think mbt is cleverest in having such ideas which the generally pop has suffered badly. Next in line, would probably be the raising of bus or mrt fares to tax the pop after the sgd has been given to us. It happens every time. They give a few hundreds but they will gain back in thousands in many other forms.
kzone Posted February 25, 2013 Posted February 25, 2013 The surpluses came largely from stamp duties and motor vechicles taxes. If you have been buying cars or additional properties last year, you have been doing "National Service". if this is true then I feels its a good way of re distributing our wealth. Have not read the detailed plan of all the subsidies n policies but based on the CNA app news, looks to be in the right direction. hopefully more can be done for young families too as well as single parents and non working mothers.
bolts1624705732 Posted February 25, 2013 Posted February 25, 2013 Largely speaking, the govt is trying to put in productivity reforms to reduce reliance on low-skill/unskilled foreign labour in the construction and process industries with a 3 year target to achieve this. Increasing productivity is the only sustainable solution to GDP growth, not importing more low-cost unskilled labour to subsidize productivity. Unfortunately, this 3 year window is all that Singapore can afford. If the govt had started this 5 years back, we would have a easier time to reform. They cannot fail this. If they fail, it is impossible to create more jobs here from MNCs since it will be far cheaper for a MNC to re-locate to Malaysia, Thailand and Indonesia where the productivity gap between them and us is narrow. Overall, they are cutting the influx of foreigners with the budget measures by reducing how many foreigners you can take in for each industry starting from July 2013. At the same time, asking companies to reform and increase productivity and only rewarding them with taxpayers' dollars for productivity gains - this is the right way. The govt is also putting money mostly into the hands of the lower-income and low-middle-income groups and the elderly. The rich here will be significantly taxed, specially, if you own big cars and multiple properties, which is also right. For the normal Singaporeans and PR, GST vouchers will continue and your personal income taxes will receive rebates. Some minor reforms to the schooling system with more emphasis on early childcare and schoolcare to make it easier for couples to have babies. I think that sums up what the budget was about...did i miss anything?
yp Posted February 25, 2013 Posted February 25, 2013 Largely speaking, the govt is trying to put in productivity reforms to reduce reliance on low-skill/unskilled foreign labour in the construction and process industries with a 3 year target to achieve this. Increasing productivity is the only sustainable solution to GDP growth, not importing more low-cost unskilled labour to subsidize productivity. Unfortunately, this 3 year window is all that Singapore can afford. If the govt had started this 5 years back, we would have a easier time to reform. They cannot fail this. If they fail, it is impossible to create more jobs here from MNCs since it will be far cheaper for a MNC to re-locate to Malaysia, Thailand and Indonesia where the productivity gap between them and us is narrow. Overall, they are cutting the influx of foreigners with the budget measures by reducing how many foreigners you can take in for each industry starting from July 2013. At the same time, asking companies to reform and increase productivity and only rewarding them with taxpayers' dollars for productivity gains - this is the right way. The govt is also putting money mostly into the hands of the lower-income and low-middle-income groups and the elderly. The rich here will be significantly taxed, specially, if you own big cars and multiple properties, which is also right. For the normal Singaporeans and PR, GST vouchers will continue and your personal income taxes will receive rebates. Some minor reforms to the schooling system with more emphasis on early childcare and schoolcare to make it easier for couples to have babies. I think that sums up what the budget was about...did i miss anything? My company takes in very hi end expats and they make up almost around 80 pct of co strength. wonder they can limit techs but how about these hi end expats jobs? These are the jobs, which we want it for ourselves. Are high end expats not restricted for employment in this budget? Not some construction jobs which we would want them to continue to take. They are deliberately missing the point or fail to get our point on what are the jobs we really want and what jobs we are not keen.
kzone Posted February 25, 2013 Posted February 25, 2013 These high end expats r the ones that will give us healthy competition and improve our standards as well similar to expensive imports in a football team. Its the lower level white collar expats that we don't need as they are competing with our fresh graduates for jobs at the lower mid income level. Some industries have been relying on cheap labour for too long. Time to make labour expensive so we move on to improved technology n reduced labour especially in the construction industry. Fm what I see, there are too many sus sub sub contractors. Once labour is expensive, we shud see less of these small companies who reply on cheap labour and more of bigger companies who can invest on better technology.
yp Posted February 25, 2013 Posted February 25, 2013 These high end expats r the ones that will give us healthy competition and improve our standards as well similar to expensive imports in a football team. Its the lower level white collar expats that we don't need as they are competing with our fresh graduates for jobs at the lower mid income level. Some industries have been relying on cheap labour for too long. Time to make labour expensive so we move on to improved technology n reduced labour especially in the construction industry. Fm what I see, there are too many sus sub sub contractors. Once labour is expensive, we shud see less of these small companies who reply on cheap labour and more of bigger companies who can invest on better technology. I wonder how these Pinot, Indians hi end expats can bring more expertise to singapore. Look at their countries. It must be a joke that Singaporeans cannot replace them in terms of brainpower.
kzone Posted February 25, 2013 Posted February 25, 2013 Bro, how high end r we talking abt? I'm referring to those earning 5 digits monthly. At that salary range, it's the best man for the job so we shud be exposed to them for competition. not limited to those countries only.
yp Posted February 25, 2013 Posted February 25, 2013 I think if one is from a local uni or have studied abroad, we will not fare more worst than a 5 digit expat. That is why up today we are still thinking that overseas ANG mo are better than us. We have already past those colonial days where the locals are mostly uneducated and the ANG mo has a superior education. After mixing with them often, I don't see why they, an asian or ang mo are superior to us in any way.
seagull1624706132 Posted February 25, 2013 Posted February 25, 2013 Bro, how high end r we talking abt? I'm referring to those earning 5 digits monthly. At that salary range, it's the best man for the job so we shud be exposed to them for competition. not limited to those countries only. Fair enough if it is best man for the job. But may i also say that it commonplace for expat ceos to bring in their own countryman to fill senior positions, at the expense of locals who are equally or if not more qualified than them. So increasingly, it is no longer a level playing field for the locals.
kzone Posted February 25, 2013 Posted February 25, 2013 Seagull, theoretically agree with that although I generally seen it for companies that bring their own people which is fair enough, eg Korean companies bring in Koreans to head the various departments.
kzone Posted February 25, 2013 Posted February 25, 2013 I think if one is from a local uni or have studied abroad, we will not fare more worst than a 5 digit expat. That is why up today we are still thinking that overseas ANG mo are better than us. We have already past those colonial days where the locals are mostly uneducated and the ANG mo has a superior education. After mixing with them often, I don't see why they are superior to us in any way. They are perhaps better in ml. Just joking ;D Awhile ago u were talking abt Asians, now Ang Moh? In every race there are competent n non competent people. There are good leaders n bad leaders. Anyway, we off track liao... Lets get back to the budget.
yp Posted February 25, 2013 Posted February 25, 2013 Awhile ago u were talking abt Asians, now Ang Moh? In every race there are competent n non competent people. There are good leaders n bad leaders. Anyway, we off track liao... Lets get back to the budget. K. Got drifted from the subject. Lets hope they have concrete measures to stop influx of foreigners in gist ;)
jeromelang Posted February 25, 2013 Posted February 25, 2013 Primary skool fees went up?!?!?! They take your money to fund scholarships for foreigners.
bolts1624705732 Posted February 25, 2013 Posted February 25, 2013 My company takes in very hi end expats and they make up almost around 80 pct of co strength. wonder they can limit techs but how about these hi end expats jobs? These are the jobs, which we want it for ourselves. Are high end expats not restricted for employment in this budget? Not some construction jobs which we would want them to continue to take. They are deliberately missing the point or fail to get our point on what are the jobs we really want and what jobs we are not keen. What you state is not unique to you company. For MNC, usually at the top management level, you will see that country's fellow men who runs the top jobs. So, American MNC, you wil likely see Americans in all the top positions. In Japanese company, you will see Japs at the top management jobs, same for the Koreans. I think it's because they trust their own country men. If you look through the annual reports of Singapore MNC like Singapore Airline, OSIM etc, you'll see that the top management are largely Singaporean - of course, there are some exceptions in Singaporean Large companies and overseas MNCs based here. For the rank & file white collar jobs though in these companies, by and large, they should consist of Singaporeans and PR. If they really consist of 80% expats, you can whistle-blow to MOM and they will investigate. It has happen before and MOM stepped in.
yp Posted February 25, 2013 Posted February 25, 2013 If one is in the top us fortune 100 company and even larger than seagate, will our singapore govt dare to offend them? How often do u see it in the news that our govt has taken action against those foreign mnc companies which have flout the quota rules especially when it come to those big boys like dhl, shell petroleum or samsung corp and what not, which they have opened some multi million dollars plant here.
n3wk1d Posted February 25, 2013 Posted February 25, 2013 Yes, I totally agree with this statement. I wonder why our local graduates can't compete with those FT with 5 figures one. I'm sure plenty of them can easily taking over those FT with 5 figures pay. The problem is will they take them in at 5 figures salary ? I think if one is from a local uni or have studied abroad, we will not fare more worst than a 5 digit expat. That is why up today we are still thinking that overseas ANG mo are better than us. We have already past those colonial days where the locals are mostly uneducated and the ANG mo has a superior education. After mixing with them often, I don't see why they, an asian or ang mo are superior to us in any way.
kzone Posted February 25, 2013 Posted February 25, 2013 Don't S Pass & work permits needs to be applied n approved by MOM? So if MOM approves, how can the govt take action? Anyone has any link of all the budget items point by point?
yp Posted February 25, 2013 Posted February 25, 2013 Don't S Pass & work permits needs to be applied n approved by MOM? So if MOM approves, how can the govt take action? Anyone has any link of all the budget items point by point? Good point. They are just letting them in, without really checking on the quota. Otherwise, how can there be so many companies employing so many ft?
Recommended Posts