Is it a must for billionaires to share their wealth with the world?

[Suporter]

No, but can share with me...

 

[fly1111]

GST dun cost price increase except for the GST increase. If the thing cost $10, after GST the price is $10.70. If GST become 9% the price is now $10.90.

If the thing increase to more that $10.90 is because greedy sellers try to cheat daft sinkies by bluffing is GST. Sinkies pwn sinkies is not govt fault. If $800 still not enough to cover that extra 2% my advice is you stop eating Michelin lunch and wearing Rolex. We taxpayer dun want our tax monies use to feed your self entitlement where you expect govt to completely cover all 9% and you end up no need to pay a single cent GST.

Price exception, competition and profit maximization (given the opportunity created) cause inflation.
Go study about this topic ba…….
You have the right to your opinion

 

[think_too_much]

Your MIL is AOC supporter? She said billionaires don't make billions but they took billions

I can sense that she is quite of a leftist.

She simply cannot stop bringing up Trump and to make everything a Trump bashing session.

 

[Philipkee]

So I recently changed job and is now in the entertainment/ tourism industry.

I told my MIL that our operations run 24/7 and that I do not share the same off days as other anymore.

I do not have weekends and public holidays anymore.

Instead, my off days can be on any two days in the week and that all my public holidays will be converted into off-in-lieu for me to apply after the PH itself.

Then I really don't know what kind of link there is, my MIL went about telling me that all these corporations are run by billionaires and that they get too rich profiteering off others. They should give some of what they earn back to the people.

I replied, "Billionaires create jobs and one of such job is what I'm doing to earn my living."

Why should the billionaire share with people other than maybe a moral obligation?

it was his efforts that’s why he became a billionaire

Was it cos the billionaire was lucky? Maybe but your MIL was also lucky to be born in Singapore/Malaysia instead of Sudan (I assume she is not Sudanese just in case). So how is she sharing her luck?

Or more to the point, your MIL is lucky that she has a son in law (you) who has a job when there are so many poor jobless in Singapore (a lot in edmw). So what is she telling you to give to the poor edmwers? Or she expect you to keep your wealth like the selfish billionaires?

And if you say is there any poor people here when all 20k a month here I will tell you there is a poor nurse here who hopes someone can sponsor fish in his cai png.

 

[Philipkee]

Price exception, competition and profit maximization (given the opportunity created) cause inflation.
Go study about this topic ba…….
You have the right to your opinion

This is capitalism and human nature la. When u ask for increment, assuming u r in a position to request for it, u will take the lowest amount because you want to save for your company?

will you cut your expenses to save money for your company? So why would you expect a company to cut expenses to save money for the customer?

 

[jt6118]

if I'm a billionaire ...

I will share a little so that the bottom will not rise up and affect my current position

dangle carrots and stories of how their hard work will result in them becoming as wealthy as me so that they will continue to labour and work for me

while I will sip wine and enjoy on some luxurious island.

 

[ProLogic]

Tiagong it ish better to willingly share chiur wealth when chiu ish still alive and ish can see how it help others than to have people fight over chiur wealth when chiu ish dead and ish have no more control over it. But moi ish have no such problem because moi ish poor. This ish rich man's problem.

 

[fly1111]

This is capitalism and human nature la. When u ask for increment, assuming u r in a position to request for it, u will take the lowest amount because you want to save for your company?

will you cut your expenses to save money for your company? So why would you expect a company to cut expenses to save money for the customer?

No one is questioning human behavior. The subject is the 9%GST.
How it’s fuel inflation and the effect it not and has been offset by cdc + it is also admitted that it’s not intended to offset the gst increase

 

[Philipkee]

No one is questioning human behavior. The subject is the 9%GST.
How it’s fuel inflation and the effect it not and has been offset by cdc + it is also admitted that it’s not intended to offset the gst increase

The problem is, revenue must be generated from somewhere. If not GST it will be some other taxes.

 

[fly1111]

The problem is, revenue must be generated from somewhere. If not GST it will be some other taxes.

Before asking for more tax.
Did they make sure money is well spend?
Why up all civil servant salary by 15% right after gst increase and reduce cancer patient subsidy?
The tax increase is to fund the salary or help ppl?
The tax increase also fuel inflation is making more revenue more important or the ppl?

 

[Philipkee]

Before asking for more tax.
Did they make sure money is well spend?
Why up all civil servant salary by 15% right after gst increase and reduce cancer patient subsidy?
The tax increase is to fund the salary or help ppl?
The tax increase also fuel inflation is making more revenue more important or the ppl?

All civil servant salary up 15%? Or up to 15% but u never know how many got less?

Cancer subsidy it seems only certain drugs are off the list of subsidies and not a blanket reduction in cancer patient subsidy. Those who need help can still seek social welfare

 

[fly1111]

All civil servant salary up 15%? Or up to 15% but u never know how many got less?

Cancer subsidy it seems only certain drugs are off the list of subsidies and not a blanket reduction in cancer patient subsidy. Those who need help can still seek social welfare

Civil servant salary have a structure de.
Likely the lower pay get the 15% and higher pay get lesser. Which is totally unnecessary given that they already have their mandatory increment every year. On top of that they will get additional increment every 2-3 years. (Some years they get 2 increment)
Given an iron rice bowl is a very big perks already. Don’t even wanna talk about their productivity..

Spend money wisely 1st before asking ppl to pay.

A lot of drug got off the list and new drug will be hard to get on the list as well.
Social welfare dunno how they help. So not going to comment.

 

[Philipkee]

Civil servant salary have a structure de.
Likely the lower pay get the 15% and higher pay get lesser. Which is totally unnecessary given that they already have their mandatory increment every year. On top of that they will get additional increment every 2-3 years. (Some years they get 2 increment)
Given an iron rice bowl is a very big perks already. Don’t even wanna talk about their productivity..

This one is complicated cos many of the rank and file actually earn quite low. But not too low but won’t be higher than private sector equivalent. Actually I think it’s the same for super scale just that it’s harder to become the private sector equivalent of superscale

Spend money wisely 1st before asking ppl to pay.

Unless u have evidence of unwise spending, I would say they need to increase revenue. Manpower cost shouldn’t be considered unwise spending unless the civil servants are earning more than their private sector equivalent. U can’t say iron rice bowl is a reward in itself, at least not so much as more and more civil service jobs are contract based

Now, someone did tell me what about the unnecessary construction like tearing down a perfectly good walkway then rebuilding it again? I have two minds on it. I think it’s a waste of money but it’s also a way for the govt to spread money to the private sector (but I wish they could do something more productive with the money)

A lot of drug got off the list and new drug will be hard to get on the list as well.
Social welfare dunno how they help. So not going to comment.

This one is complicated but I don’t believe any Singaporean will be denied basic medical treatment even for cancer in Singapore even if no money.

Singaporean - as stated. I ever had a case of a tourist who came to singapore with a very serious illness. The treatment would be in the tens of thousands of dollars . Problem is, she has no money. She came over with her family across the border specifically to come to hospital for treatment. She was given basic care and then sent back. Couldn’t be admitted to hospital. Then a senior told me mybfd. If it’s Singaporean, the govt will fund the treatment but not a foreigner who came over.

Basic - some drugs are too expensive so it’s off the subsidised list. But it doesn’t mean Singaporeans won’t get basic treatment. They will still get treatment but the novel treatments and such, probably not. But I heard of a doctor certifies that in the whole world only this one drug (unsubsidised) will work for this patient, then a case can be made. But this is super rare.

 

[fly1111]

This one is complicated cos many of the rank and file actually earn quite low. But not too low but won’t be higher than private sector equivalent. Actually I think it’s the same for super scale just that it’s harder to become the private sector equivalent of superscale

Unless u have evidence of unwise spending, I would say they need to increase revenue. Manpower cost shouldn’t be considered unwise spending unless the civil servants are earning more than their private sector equivalent. U can’t say iron rice bowl is a reward in itself, at least not so much as more and more civil service jobs are contract based

Now, someone did tell me what about the unnecessary construction like tearing down a perfectly good walkway then rebuilding it again? I have two minds on it. I think it’s a waste of money but it’s also a way for the govt to spread money to the private sector (but I wish they could do something more productive with the money)

This one is complicated but I don’t believe any Singaporean will be denied basic medical treatment even for cancer in Singapore even if no money.

Singaporean - as stated. I ever had a case of a tourist who came to singapore with a very serious illness. The treatment would be in the tens of thousands of dollars . Problem is, she has no money. She came over with her family across the border specifically to come to hospital for treatment. She was given basic care and then sent back. Couldn’t be admitted to hospital. Then a senior told me mybfd. If it’s Singaporean, the govt will fund the treatment but not a foreigner who came over.

Basic - some drugs are too expensive so it’s off the subsidised list. But it doesn’t mean Singaporeans won’t get basic treatment. They will still get treatment but the novel treatments and such, probably not. But I heard of a doctor certifies that in the whole world only this one drug (unsubsidised) will work for this patient, then a case can be made. But this is super rare.

Civil servant salary - iron rice bow is a very big perks already. We have not even talk about their productivity. In non profit organization productivity will alway be lower than pvt sector because efficiency is not required for the organization to survive. Plus the iron rice bow mindset.
They have no right to ask for higher pay given they are not as capable. If want higher pay come pvt sector and we will should how “good” you are.

Drug list - you will be asked to take the lower grade drugs because it cheaper. We are talking about human life here and it’s not like country no money but they rather spend money silly project like founder memoriam. Few million dollar for consultant on rubbish collection centre that produce nothing. All the pet project use for scholars to justify their promotions and many more. If you are in the system u should know.

Iron rice bow and easy life really make ppl lose the ability to see the reality.

 

[ghregular]

they sure hv a charitable arm for show like this chen zhi a cambodian british

https://www.channelnewsasia.com/asi...-chen-zhi-us-crypto-scam-what-we-know-5405601

 

[think_too_much]

Civil servant salary - iron rice bow is a very big perks already. We have not even talk about their productivity. In non profit organization productivity will alway be lower than pvt sector because efficiency is not required for the organization to survive. Plus the iron rice bow mindset.
They have no right to ask for higher pay given they are not as capable. If want higher pay come pvt sector and we will should how “good” you are.

Drug list - you will be asked to take the lower grade drugs because it cheaper. We are talking about human life here and it’s not like country no money but they rather spend money silly project like founder memoriam. Few million dollar for consultant on rubbish collection centre that produce nothing. All the pet project use for scholars to justify their promotions and many more. If you are in the system u should know.

Iron rice bow and easy life really make ppl lose the ability to see the reality.

This is why the best are usually not in public service. Heck, most of them will not even remain in Singapore.

 

[fly1111]

This is why the best are usually not in public service. Heck, most of them will not even remain in Singapore.

Yea but they ask for private sector pay
Mediocre Ppl with no blame culture asking for pay to match private sector
Why don’t they just join private sector
So many paper general run our state owned company to the ground alr. They still think they deserve private sector pay