Morgan Stanley thinks that the economy here is overheating. Other countries in this category are China, South Korea and Argentina.
Expect more FTs to dampen wage inflation. And a stronger S$. Taz the usual policy response from this government.
It’s also Economics 101 (although not Politics 101) to raise taxes. Higher VAT (after elections)? You heard abt the possibility of higher VAT here first.
Yes, I’m assuming the PAP will will the next GE.
Thoughts of a Cynical Investor 
PAP FTW! btw, always enjoy your posts! thank you so much!
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If the economy is overheating due to economic growth by exports, a VAT rise would not help at all. If the concern is inflation due to overheating economy, a VAT rise would also do nothing since by itself it would raise prices.
I don’t see any economic sense in doing so.