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Taxes must rise for social spending to increase

HP_Lee

By HP_Lee,
in Lite & EZ

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DACH

DACH

Supersonic

Temasek's portfolio value declines to $242 billion; one-year total shareholder return at negative 9%

http://www.straitstimes.com/business/temaseks-portfolio-value-declines-to-242-billion-one-year-total-shareholder-return-at

 

 

This is the reason why need to increase taxes to cover losses?

 

Seriously Incom*****t! [shakehead][thumbsdown]

 

U make mistakes, we pay!

 

lol

 

Only IN $ingapore!

 

Uniquely $ingapore!

From the start, it has been a conflict of interest.

Until now, it's still conflict of interest.

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Somewhat1975

Somewhat1975

6th Gear

Temasek's portfolio value declines to $242 billion; one-year total shareholder return at negative 9%

http://www.straitstimes.com/business/temaseks-portfolio-value-declines-to-242-billion-one-year-total-shareholder-return-at

 

 

This is the reason why need to increase taxes to cover losses?

 

Seriously Incom*****t! [shakehead]  [thumbsdown]

 

U make mistakes, we pay!

 

lol

 

Only IN $ingapore!

 

Uniquely $ingapore!

 

don't use outdated news lah. 2016 was a bad year for equity. 

 

For 2017,

 

http://www.channelnewsasia.com/news/singapore/temasek-holdings-announces-record-net-portfolio-value-of-s-275b-9021914

 

 

 

 

SINGAPORE: Temasek Holdings announced on Tuesday (Jul 11) a record net portfolio value of S$275 billion (US$197 billion) as at end-March 2017, up from S$242 billion (US$180 billion) a year ago.

Read more at http://www.channelnewsasia.com/news/singapore/temasek-holdings-announces-record-net-portfolio-value-of-s-275b-9021914

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Playtime

Playtime

Twincharged

The question really then becomes why need to raise taxes if returns so good??

 

In fact, I always wonder if one day pap get voted out, will we find out TAMASEK actually owned by some AIM company and our national wealth all disappear or held hostage to some individuals.

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Mustank

Mustank

Hypersonic

Everyday I thank LKY and GKS for HDB eventhough I am not a fervent supporter of the PAP (they however went off course years ago with this asset enhancement nonsense).

 

We could have ended up like Hong Kong, totally laissez faire, where govt and developers worked together in the name of free market to squeeze every single cent from every working men and women for a small pigeon hole.

 

I believe in the middle path, extremes are not sustainable. If we had Hong Kong's type of goverment, I think we would have many race riots, some redistribution of wealth is good for everyone, I am happy to pay my share of taxes.

PS_Mr_HDB_TCV_300.jpg?v=1456821392

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Chucky2007

Chucky2007

Turbocharged
(edited)

I’m not sure about this but i seems to notice perfectly good school buildings that quite new less than 10 years for sure, maybe 5 years, being torn down and rebuild.. the ITE At Balestier I think was rebuilt 2x in the past 12 years.

 

Hope the agencies can realise that the funds unused, can be channeled to building more pavement shelters? Or give education bursary to young students or hire more Teachers? Not cheap to construct schools rights?

Edited by Chucky2007
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Voodooman

Voodooman

Supersonic

http://www.straitstimes.com/singapore/from-the-archives-the-man-who-helped-to-house-a-generation

 

LKYand GKS were behind the idea, LKS is the executor.  

 

 

 

Everyday I thank LKY and GKS for HDB eventhough I am not a fervent supporter of the PAP (they however went off course years ago with this asset enhancement nonsense).

We could have ended up like Hong Kong, totally laissez faire, where govt and developers worked together in the name of free market to squeeze every single cent from every working men and women for a small pigeon hole.

I believe in the middle path, extremes are not sustainable. If we had Hong Kong's type of goverment, I think we would have many race riots, some redistribution of wealth is good for everyone, I am happy to pay my share of taxes.


PS_Mr_HDB_TCV_300.jpg?v=1456821392

 

 

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Sturtles

Sturtles

6th Gear

 

Let's just imagine, if LHL steps down now.

 

What is his legacy?

 

From 2004 till now, it has been 13 years.

 

What has he achieved? 

 

Housing supply screwed up,

 

COE supply screwed up

 

Healthcare supply screwed up

 

Education policies not going anywhere

 

Hard-won social fabric thinning out

 

Dirty laundry hung in public

 

Don't even bother to mention foreign policy.

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DACH

DACH

Supersonic

Let's just imagine, if LHL steps down now.

 

What is his legacy?

 

From 2004 till now, it has been 13 years.

 

What has he achieved? 

 

Housing supply screwed up,

 

COE supply screwed up

 

Healthcare supply screwed up

 

Education policies not going anywhere

 

Hard-won social fabric thinning out

 

Dirty laundry hung in public

 

Don't even bother to mention foreign policy.

There is much more than just this list.

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Wt_know

Wt_know

Supersonic
(edited)

no wonder T2 pack and “cabut” to Japan ... sorry I mean “holiday” ... lol

better buy all rolexes before GST is raised to 10% ... lol

post-7984-0-55392300-1511311551_thumb.jpeg

Edited by Wt_know
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Swiftgolfer

Swiftgolfer

2nd Gear

Add on - hahahaha

1) Transport - need to buy insurance for this soon.

2) Water prices UP

3) Electricity prices UP

4) petrol price up! lol even when oil price is down as a whole...

5) every other day, they come up with more stupid comments & reasons. even my niece can tell me they talk rubbish and she's not even in primary sch.

Let's just imagine, if LHL steps down now.

 

What is his legacy?

 

From 2004 till now, it has been 13 years.

 

What has he achieved? 

 

Housing supply screwed up,

 

COE supply screwed up

 

Healthcare supply screwed up

 

Education policies not going anywhere

 

Hard-won social fabric thinning out

 

Dirty laundry hung in public

 

Don't even bother to mention foreign policy.

 

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Windwaver

Windwaver

Turbocharged

Add on - hahahaha

1) Transport - need to buy insurance for this soon.

2) Water prices UP

3) Electricity prices UP

4) petrol price up! lol even when oil price is down as a whole...

5) every other day, they come up with more stupid comments & reasons. even my niece can tell me they talk rubbish and she's not even in primary sch.

 

The only thing that will not have more taxes is bearing more children [laugh] but having more children means higher expenditure.

 

LPPL [smash]

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AltisOwner

AltisOwner

Turbocharged

I heard that this Tony Tan is going to be appointed as Advisor & Director of the GIC from January next year.  Another millions of salary [confused]  No wonder it needs to increase taxes  [sweatdrop] 

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