NDP Rally - did it hit the right note?

[Evillusion]

First, we are far from arguing.

 

Thats the problem when all one does is sit behind and look at numbers and think that a correct decision is and can only be derived via numbers. Very Opsy, very theoretical, very academic and totally classroom.

 

Anyway our government policy is P/L based lest you dont know.

Yes , The end result CAN BE very different but it is not..

 

Try letting inflation go haywire from ground up and you will get another crisis again.

Its not as simple as just medical and housing

cant wait for them to increase gst from 7% to 9%......we must help the poor as claimed.

[Volvobrick]

cant wait for them to increase gst from 7% to 9%......we must help the poor as claimed.

By then maybe MRT to JB up and running. Just go there jia ba ba then buy necessities back every few days!

[Throttle2]

cant wait for them to increase gst from 7% to 9%......we must help the poor as claimed.

If they are truly so good, the GST should be reduced not increased.

[Lala81]

Hopefully a more concrete NDR compared to the last 2 years.

But nowadays, seldom announce any significant policy direction anyway at NDR.

[Evillusion]

By then maybe MRT to JB up and running. Just go there jia ba ba then buy necessities back every few days!

I oredy doing that.....hahaha. About 70% is from our neighbour.......the rest buy when necessary in our neighbourhood wet market.

[Evillusion]

If they are truly so good, the GST should be reduced not increased.

Then how to help the poor...

[therock]

https://www.straitstimes.com/politics/national-day-rally-2018-reasons-people-feel-cost-of-living-pressures-says-pm-lee-hsien

 

 

SINGAPORE - Singaporeans today, compared with their forefathers, have better lives, with access to world-class education, affordable and high-quality healthcare, and a high rate of home ownership, said Prime Minister Lee Hsien Loong on Sunday (Aug 19).

But they still feel cost of living pressures, he noted in his National Day Rally speech in Mandarin, which focused largely on the issue.

Acknowledging their worries, he said: "They sense that they have to spend more, that their earnings never seem quite enough."

He gave four reasons Singaporeans feel this way, and pledged the Government will do its part to ease their concerns.

But people need to do their part, too, he said, urging them to adopt some lifestyle changes to ease the squeeze on their wallets.

The reasons for feeling financially pressured vary, he noted.

 

 

For young families, they pay close attention to the costs of housing and pre-school education as they are buying their first property and planning to have children.

The sandwiched generation, looking after both their children and ageing parents, is concerned with healthcare and education costs.

A third reason is cost of living has risen as a result of changing lifestyles.

Pointing to the quality of life improving with economic growth and technological progress, Mr Lee said people eat out more and vacations have become more common.

Things that were once considered luxury items or did not even exist, such as air-conditioners and mobile phones, have also become daily necessities, he added.

"Our standards of living have gone up. This is a positive development, because it means our lives have improved. However, to sustain this higher quality of life, people are spending more than before, and this can put pressure on households," he said.

The fourth reason is inflation, which has led to price increases.

Mr Lee highlighted four groups who may feel the pinch more: Those whose wages have stagnated amid an overall rise in wages, those who fear losing their jobs as the economy transforms, those who are already jobless, and retirees who no longer have income and are living off their savings.

"When prices increase, they feel as if 'their wallets have shrunk'," he said.

While cost of living is a perennial concern, the issue has gained traction in recent months with increases in water and electricity prices kicking in.

Mr Lee assured Singaporeans the Government looks closely at the three major expenditure items - housing, healthcare and education - that people worry most about.

"We will make sure (they) are affordable, so that Singaporeans do not have to worry about them," he added.

He also urged Singaporeans to do their part by making small changes - "save water, save electricity, and at the same time, shop around for the best prices, and be a smart consumer".

Specifically, he cited mobile phones, infant milk formula and hawker centres to give tips on how people can save on phone bills, bringing up their children and food.

 

[Sdf4786k]

https://www.straitstimes.com/politics/national-day-rally-2018-reasons-people-feel-cost-of-living-pressures-says-pm-lee-hsien

Those whose wages have stagnated amid an overall rise in wages, those who fear losing their jobs as the economy transforms, those who are already jobless, and retirees who no longer have income and are living off their savings.

 

was hoping he had a good news on this instead

 

 https://www.todayonline.com/singapore/500-companies-moms-watch-list-not-doing-enough-hire-groom-sporeans

500 companies on MOM's watch list for not doing enough to hire, groom S'poreans  

[Throttle2]

 

Those whose wages have stagnated amid an overall rise in wages, those who fear losing their jobs as the economy transforms, those who are already jobless, and retirees who no longer have income and are living off their savings.

 

was hoping he had a good news on this instead

 

https://www.todayonline.com/singapore/500-companies-moms-watch-list-not-doing-enough-hire-groom-sporeans 500 companies on MOM's watch list for not doing enough to hire, groom S'poreans

Wah this one involves me leh....

[Lala81]

CHAS for all singaporeans with chronic diseases (but tiered based on income).

Just expanding on careshield life (disability insurance payout)

[Wt_know]

great. chas for all sporeans

.

.

pioneer generation package

merdeka generation package

next is baby boomer generation package

Edited August 19, 2018 by Wt_know

[Lala81]

merdeka generation package up to those born in 1959/1960?

similar to PG benefits. But lesser money.

 

 

Edited August 19, 2018 by Lala81

[therock]

merdeka generation package up to those born in 1959/1960?

Good news, but wait for the 'riot' generation to complain that they were left out..

[Lala81]

great. chas for all sporeans

.

.

pioneer generation package

merdeka generation package

next is baby boomer package

 

Of course lah. Or else PAP how to survive. 

 

Isn't it exactly what the opposition keep saying they will do also?

Good news, but wait for the 'riot' generation to complain that they were left out..

 

everyone wants the same thing. "free" benefit why I don't get.

Good news, but wait for the 'riot' generation to complain that they were left out..

 

everyone wants the same thing. "free" benefit why I don't get.

[Wt_know]

finally say 5x annual income = affordability

not 30 years loan!!!

Edited August 19, 2018 by Wt_know

[Lala81]

I'm sure some people will criticize him when he slightly teared up when he  mentioned the merdeka part after his father's clip.

finally say 5x annual income = affordability
not 30 years loan!!!

 

HDB only niah. Not PC lol 

[Throttle2]

I'm sure some people will criticize him when he slightly teared up when he mentioned the merdeka part after his father's clip.

He is human, so are we.

Therefore, we should understand human emotions.

[therock]

I'm sure some people will criticize him when he slightly teared up when he  mentioned the merdeka part after his father's clip.

 

HDB only niah. Not PC lol 

Yep, no matter what he does, there will always be critics.

Such is the life of a politician..

Now he is talking about flats..

And they still refer to HDB 'owners'... not tenants..

"The value of the flat will go up... for many years... just not so much"...

He is talking about flats as a one or two generation thing..

"bonus" to pass it on to the next generation ...

"Whichever option you choose, you have to pay for the lease".

Bang, he said it.