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Cost of living to soar! Garmen say will help low income


Mockngbrd
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Seow leow, the last time garmen say help low-income, they raise the GST!!!

 

 

 

http://www.straitstimes.com/BreakingNews/S...ory_622527.html

 

Home > Breaking News > Singapore > Story

Jan 10, 2011

Cost of living to soar further: Shanmugaratnam

 

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THE rising cost of living, driven partly by higher food prices, is expected to soar further in the first three months of this year before moderating, Finance Minister Tharaman Shanmugaratnam cautioned in Parliament today.

 

But some relief for Singaporeans hurt by the quickening inflation is in store: the upcoming Budget next month will contain measures to help shield them from its impact, he promised.

 

'The Government will take into account the impact of inflation and the needs of low-income and retiree households when considering further transfers,' said Mr Shanmugaratnam.

 

The minister also hinted that existing assistance schemes such as the ComCare Fund - now holding $800 million - may be enhanced to provide more buffer for the needy.

 

'Apart from the Budget... we've got ComCare and other schemes which will allow residents who are truly in need to get assistance,'he added.

 

Inflation in Singapore hit 3.8 per cent in November from a year ago, the largest jump since January 2009.

Edited by Mockngbrd
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truth is, a person earning <$5000per mth today, will become the poor of tomorrow.....

 

the gap will be greatly widen, more so than ever before.

 

gotta tighten our belts again

 

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Ha. The last time they help the poor by raising GST, there by squeezing the middle class. Then they say will help those middle class, by eliminating them with widening income gap.

So in the future, we'll have only the poor and the rich, no more middle class. Middle class squeeze problem solve.

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Election effect. Go read past history than you will understand. 2 yrs after election, everything go back to normal, maybe you see more negros, hah..

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The low income will get gov aid, so everything covered. But wait, how much household income is the maximum to define needy to qualify?

 

The rich can cover themselves, so no issue.

 

But majority of the population falls in the middle whom are having sufficient to live by and this group is largely neglected.

 

 

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truth is, a person earning <$5000per mth today, will become the poor of tomorrow.....

 

the gap will be greatly widen, more so than ever before.

 

gotta tighten our belts again

 

[bigcry][bigcry][bigcry] tht includes me [bigcry][bigcry]

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