Everyone should be very happy and pleased to know that all adult citizen will be receiving handouts this coming May.
The amount varies but who will ever mind more money in their pocket?
The handouts together with other subsidiary components will cost the government a whopping S$2.6 billion.
Wow. That's a lot of money.
Personally I am also glad that I could have some spare cash, which most likely would be channeled to pay off the balance of my credit card.
But looking at the bigger picture, the government seemed to be pretty contradicting. It doesn't want to create a welfare state like some European countries but it wants to give us cash. Hmmm..
Which also lead me to thinking after the money is gone, what's next? The amount couldn't possibly last till the next budget.
It's a sad thing that election is coming. Otherwise I believe this amount of money could be put to better use. You give the man a fish, it can last him a meal. You teach him how to fish, it can last him a lifetime.
This is just the tip of the iceberg. Estimated S$2.9 billion deficit. They have to claim this back from somewhere. But no areas of taxation carry an increment.
I'm surely not looking forward to the next Budget 2007.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment