not the best because the same government made money all these years and stayed in power. the opposition parties had no chance to show their economic report card since independence.
Actually, Personal Income Tax rates don't just go from 0 - 24%, they actually go from NEGATIVE to 24%. This is because the Workfare Income Supplement is basically a reverse-income tax, giving people money for earning a salary.
for all those complaining about the "earning money through tax" w/o watching the video -- as a middle to low income earner i pay very little tax the govt doesn't tax you at all if you are below a certain income level (which i was when i worked part time while studying)
Now for all the unappreciative people in Singapore, would you really trade your life for the ones of people in other countries? Especially in 3rd world countries... And comparatively, if you really think the inflation and expenses are on the rise, which they are, have you seen the cost of living rise in other countries...?
You are right. We should not change for a possibility to be living in a 3rd world country, but that does not mean there should be no complaints . There are many things we can do better like how the US is the richest gdp wise yet are probably in a worse situation than us , like how we all have a home but many of us still suffer from living paycheck to paycheck to live in these gov controlled homes .
SGP's govt do NOT just collect "taxes, fees & fines" BUT also makes use of a portion of returns on investments which unfortunately has been miserable and or plague by LOSSES amounting to tens if not hundreds of BILLIONS. Not to mention the unpredictable nature of the mandated vaxxed policy which can result in other medical issues like CANCER, cardio-vascular diseases, stroke, dengue, syphilis (but strangely NOT other STD like gonorrhoea, chlamydia and trichomoniasis which would deplete a high amount of revenue. Just admit that Lee Hsien Loong and Ho Ching have FAILED the people lah.......rather than resort to such kind of propaganda..
you mean the recent 10-chinamen scandal? actually a good thing because those SGD$3billion will be confiscated and added to government coffers, adding to next budget surplus.
Here ladies and gentleman is a prime example of someone expressing their frustrations BEFORE watching the video. 3:47 clearly states the shortfall is earned through investments. Because it's earned through investments, taxes don't have to increase as drastically. The video also states the MAX tax rate of 25% is less than other European countries whose tax rate is 40%. Thank you for your attention, you may now resume your regular "the government sucks" rants.
how do you expect a government not to tax its citizens. Only oil rich oligarchies do that and it isn't sustainable since oil eventually runs out, and all of these nations lack civil participation
I like how our gov tax us. Instead of a tax, it’s based more on consumption, drive you pay tax, you smoke and drink you pay tax. I don’t have to pay taxes to fund my neighbour’s children’s education or their car.
Lol, govern dun earn from tax, what pay for policeman, fireman, judges salary? Service fee ah? Then u dun pay for their service, u got robbed, policeman dun catch the bad guys for u issit?
Do you think Singapore has the world's best government? Let us know down below!
As a singaporean, i honestly like my government but not the weather.......the weather fk up my mood.....
not the best because the same government made money all these years and stayed in power. the opposition parties had no chance to show their economic report card since independence.
Nahhh, nobody wants to live under dictatorship nepotism land grabber country.
@@Lucas-wn5wmHow do Singaporeans treat foreigners especially Africans?
yes it is
I learn more about my country on youtube than in school...
UA-cam is managed by business people, school is managed by government majority people voted for.
maybe u should pay attention more cause sg school do teach alot about Singapore lmao
Me too(Cuz I’m only primary 4 )(about geography and history)Also from singapore
Lol
Same here
Singapore is a corporation, citizens are shareholders.
Which in a primarily capitalist global economy, is incredibly smart.
Actually, Personal Income Tax rates don't just go from 0 - 24%, they actually go from NEGATIVE to 24%. This is because the Workfare Income Supplement is basically a reverse-income tax, giving people money for earning a salary.
for all those complaining about the "earning money through tax" w/o watching the video -- as a middle to low income earner i pay very little tax
the govt doesn't tax you at all if you are below a certain income level (which i was when i worked part time while studying)
Singapore is run by financial gurus. Period. 😊
Name the financial guru?😂
Now for all the unappreciative people in Singapore, would you really trade your life for the ones of people in other countries? Especially in 3rd world countries... And comparatively, if you really think the inflation and expenses are on the rise, which they are, have you seen the cost of living rise in other countries...?
Where r u from?
@@deschan2246 family’s from Japan/ China and I live in Singapore
I have been traveling for the past 30 years and there is no country better than Singapore.
You are right. We should not change for a possibility to be living in a 3rd world country, but that does not mean there should be no complaints . There are many things we can do better like how the US is the richest gdp wise yet are probably in a worse situation than us , like how we all have a home but many of us still suffer from living paycheck to paycheck to live in these gov controlled homes .
I read somewhere that they also make their money with money laundering.
All the money in SG is from banking... Which involves a lot of money laundering. Manufacturing relies significantly on SG currency manipulation.
"great"
Singapore makes money ? Simple, apply GST (GOVERNMENT SUKA TAX) In malay simply means Govt like to Tax !!
9:25
Buying ranking for the fake reputation.
Circumstances evidences defers !!!
SGP's govt do NOT just collect "taxes, fees & fines" BUT also makes use of a portion of returns on investments which unfortunately has been miserable and or plague by LOSSES amounting to tens if not hundreds of BILLIONS. Not to mention the unpredictable nature of the mandated vaxxed policy which can result in other medical issues like CANCER, cardio-vascular diseases, stroke, dengue, syphilis (but strangely NOT other STD like gonorrhoea, chlamydia and trichomoniasis which would deplete a high amount of revenue. Just admit that Lee Hsien Loong and Ho Ching have FAILED the people lah.......rather than resort to such kind of propaganda..
By laundering money
you mean the recent 10-chinamen scandal? actually a good thing because those SGD$3billion will be confiscated and added to government coffers, adding to next budget surplus.
You will get sued
Whats there to brag if earning money is thru increasing taxation from people hard-earned money !!!
Here ladies and gentleman is a prime example of someone expressing their frustrations BEFORE watching the video. 3:47 clearly states the shortfall is earned through investments. Because it's earned through investments, taxes don't have to increase as drastically.
The video also states the MAX tax rate of 25% is less than other European countries whose tax rate is 40%. Thank you for your attention, you may now resume your regular "the government sucks" rants.
how do you expect a government not to tax its citizens. Only oil rich oligarchies do that and it isn't sustainable since oil eventually runs out, and all of these nations lack civil participation
You don’t even pay enough taxes to be saying this I’m sure. No your miserable 5-10% income tax is peanuts
@shao2307 u believe this propaganda video? 🤣 naive. Only a failed Government resort to propaganda .
@@Bobbylim323 where r u from?
There is nothing to brag on if Government earn money thru taxing people
I like how our gov tax us. Instead of a tax, it’s based more on consumption, drive you pay tax, you smoke and drink you pay tax. I don’t have to pay taxes to fund my neighbour’s children’s education or their car.
@@geraldsoon957 our gov? Where r u from?
@@deschan2246yeah I am from sg. Wrong? No?
Lol, govern dun earn from tax, what pay for policeman, fireman, judges salary? Service fee ah? Then u dun pay for their service, u got robbed, policeman dun catch the bad guys for u issit?
LW as PM soon. Better ramp up the viral videos by PAP IBs. The level of detail and research...LOL