There is nothing wrong when taxes have to go up to fund higher social spending, provided that the taxes are levied on people with high incomes and does not cause a burden on the lower and middle classes that are struggling.
http://www.todayonline.com/Singapore/EDC120827-0000038/As-social-spending-rises,-taxes-will-eventually-go-up
But I disagree with the approach to levy high taxes, especially through GST, and then have a big budget surplus that has to be returned to the people through GST vouchers. It is a wasteful exercise.
http://www.todayonline.com/Singapore/EDC120827-0000038/As-social-spending-rises,-taxes-will-eventually-go-up
But I disagree with the approach to levy high taxes, especially through GST, and then have a big budget surplus that has to be returned to the people through GST vouchers. It is a wasteful exercise.
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