NDR 2018: ‘Ambitious’ housing, healthcare plans are ‘fundamental commitments’ to Singaporeans, says PM Lee
The Prime Minister outlined plans to extend the CHAS scheme to all Singaporeans regardless of income, set up a Merdeka Generation Package and upgrade HDB flats twice in their 99-year lifespan in his National Day Rally speech.
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Ricky Lim
Ricky Lim
To tackle the cost of living, there are always 2 sides of the coin :-
(1) Increase your own revenue and earnings.
(2) Reduce your expenses.
--- in order to maintain your standard of living and contain your cost of living.
This is the right way on how to tackle the cost of living.
By focusing how to :-
(1) increase individual household revenue or earning - by own effort &/or through government or collective help to focus on earning through passive income (eg. Singapore Saving Bond is one good eg., CPF interest is another good example.). Can we have more of such --- to help individual household boosting their income in this manner to tackle high cost of living.
(2) by reducing household expenses on non-essential expenses.
are ways to contain cost of livings and maintain standard of livings.
Like · Reply · 1m · Edited
Ricky Lim
Thinking aloud :-
Every year, with good Economy, the Government will give GST voucher to help household defray the cost of living.
But this time, will the Government consider dividing GST rebate into 2 parts every year:-
(1) GST voucher to defray cost of living
(2) GST capital to earn dividend (*new) - eg. each household is given say $1000 to be put as GST capital to earn interest of say 4% pa.
The GST capital cannot be drawn out, but the interest earn can be drawn out or accumulate back to the capital to earn more interest.
GST capital in fact become the passive income that the Government help each household to build to improve their earning to defray the higher cost of living.
Every year Government can give this 2 parts to every household - and the GST capital as passive income for each household can grow every year to earn more interest.
Like · Reply · 1m
Ricky Lim
To make GST Capital easy to manage - the Government can consider to open another account in CPF - in addition to Ordinary, Special, Medisave and Retirement Account.
The GST Capital cannot be draw out by the CPF members.
But the 4% interest earn by the GST Capital at the end of the years can be drawn out by the CPF members through GIRO that are credited directly to each members bank account.
The GST Capital can be top up by the Government every year depending on the growth of the Economy - and can be used to offset higher cost of living as well as future GST increase.
This GST Capital is an initiative to build a "Passive Income" for each CPF member - to build their earnings or revenue as defined below to tack the cost of living :-
"To tackle the cost of living, there are always 2 sides of the coin :-
(1) Increase your own revenue and earnings.
(2) Reduce your expenses.
--- in order to maintain your standard of living and contain your cost of living."
This GST Capital - will also seek to encourage Singaporeans to have a stake in the Singapore Economy to do well - so that they can work hard to grow the Economy - in order to earn this "passive income" for themselves.
Like · Reply · 1m · Edited
To tackle the cost of living, there are always 2 sides of the coin :-
(1) Increase your own revenue and earnings.
(2) Reduce your expenses.
--- in order to maintain your standard of living and contain your cost of living.
This is the right way on how to tackle the cost of living.
By focusing how to :-
(1) increase individual household revenue or earning - by own effort &/or through government or collective help to focus on earning through passive income (eg. Singapore Saving Bond is one good eg., CPF interest is another good example.). Can we have more of such --- to help individual household boosting their income in this manner to tackle high cost of living.
(2) by reducing household expenses on non-essential expenses.
are ways to contain cost of livings and maintain standard of livings.
Like · Reply · 1m · Edited
Ricky Lim
Thinking aloud :-
Every year, with good Economy, the Government will give GST voucher to help household defray the cost of living.
But this time, will the Government consider dividing GST rebate into 2 parts every year:-
(1) GST voucher to defray cost of living
(2) GST capital to earn dividend (*new) - eg. each household is given say $1000 to be put as GST capital to earn interest of say 4% pa.
The GST capital cannot be drawn out, but the interest earn can be drawn out or accumulate back to the capital to earn more interest.
GST capital in fact become the passive income that the Government help each household to build to improve their earning to defray the higher cost of living.
Every year Government can give this 2 parts to every household - and the GST capital as passive income for each household can grow every year to earn more interest.
Like · Reply · 1m
Ricky Lim
To make GST Capital easy to manage - the Government can consider to open another account in CPF - in addition to Ordinary, Special, Medisave and Retirement Account.
The GST Capital cannot be draw out by the CPF members.
But the 4% interest earn by the GST Capital at the end of the years can be drawn out by the CPF members through GIRO that are credited directly to each members bank account.
The GST Capital can be top up by the Government every year depending on the growth of the Economy - and can be used to offset higher cost of living as well as future GST increase.
This GST Capital is an initiative to build a "Passive Income" for each CPF member - to build their earnings or revenue as defined below to tack the cost of living :-
"To tackle the cost of living, there are always 2 sides of the coin :-
(1) Increase your own revenue and earnings.
(2) Reduce your expenses.
--- in order to maintain your standard of living and contain your cost of living."
This GST Capital - will also seek to encourage Singaporeans to have a stake in the Singapore Economy to do well - so that they can work hard to grow the Economy - in order to earn this "passive income" for themselves.
Like · Reply · 1m · Edited
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