atans1

ComCare aiding owners of landed property

In Economy, Political governance, Public Administration on 29/09/2014 at 4:19 am

We are told that this will happen here if we have ang moh welfare type system

It’s not easy being overweight and on benefits, says 25 stone mother-of-two who wants MORE money from the government to help her diet: http://www.dailymail.co.uk/femail/article-2768442/It-s-not-easy-overweight-benefits-says-25-stone-mother-two-wants-MORE-money-government-help-diet.html

So, I was surprised to read in ST last week, that there are five cases of ComCare giving financial aid to elderly residents in Opera Estate. Now the houses in Opera Estate are going for a over $1m each, so really there is no excuse for ComCare to help these people.

Now I understand the emotional attachment of living in the same place for many yrs and preferring not to move, or renting a room out despite oddles of soace (I’m one of those people) but no-one is entitled to welfare when they own a multi-million dollar houses.  Owning such a property is blessing. And yet the heartlanders are subsidising the people living in a landed property? Not right, ever. I mean elderly residents at Tanglin Halt have to move on. [Last sentence added at 5.47am]

That ComCare is helping them with financial aid is a worrying sign for two reasons. One is Opera Estate voted for the WP in the last GE, helping JJ to almost win Joo Chiat SMC. Could it mean the PAP govt is indulging in vote buying.

It’s also a sign that more and more S’poreans are thinking that they are entitled to feed at the trough of public money, even if they are very well-off. But are they wrong to do so, when minsters despite their above average salaries, insist on constantly reminding us that they could be making more outside govt? https://atans1.wordpress.com/2014/09/13/hen-jost-gracef-money-money-money/

(Btw, I juz came across this quote while reading FT, “money is by far the least [important factor]” when choosing where to work. At this level it can’t be painful, right? The job we’re doing is a vocation. All of us like to be paid whatever is deemed competitive in the market, but it’s not the main driver.”” said the CEO of Switzerland’s third largest bank who has had to cut his pay by 12% because shareholders were unhappy. [Added at 6am])

The govt can do a lot more to help the elderly poor, the children of the less well-off to get better education, and in healthcare for those without million-dollar salaries, given that we got the money, but let’s be careful of indulging the lazy and the greedy.

I’ll say no more because I read yesterday that, “A household that earns less than S$1,900 will get basic computing devices such as a tablet, and subsidised fibre broadband internet access for the next four years, from the Digital Inclusion Fund.”

Hmm a gd deal and my hsehold income is below S$1,900. The word is “earns”: dividends, rental income, interest or pension payment doesn’t count.

 

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  1. […] – Thoughts of a Cynical Investor: ComCare aiding owners of landed property […]

  2. Rental income in SG is deemed as “earned income” and taxable.

    Also for private pension plans funded after 1992.

    Only govt pension plans are fully non-taxable and not captured by IRAS as income.

    Of course if you don’t declare, then at the govt level there is no record, and you can claim totally no income. But PAPpy govt can easily order any bank in SG to open up your accounts for them to see money trails & transactions.

    You’ll need to deal with pure cash, face-to-face old fashioned remittance, and foreign bank accounts to minimise evidence.

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