Love this ... waiting for more money talks episodes on cna utube channel. I have seen on cna app also but not full videos were shared. Please upload all money talks episodes on cna utube channel with attached playlist 🤗🙏🏼🙏🏼
Despite being a finance, economics, and real estate professor in NUS, he was not discussing any trade offs and only making a one-sided argument in favor of PAP's policies. In any fiscal policy, government is able to raise tax, increase borrowing, tap past reserves, or a combination of the above. The PAP argument against using more of past reserves, because it constitutes to spending money of future generation, is illogical because there will always be a future generation as long as society exits. Are we then not ever going to touch on past reserves? If so, then what is the purpose of past reserves? The opportunity cost of borrowing is low since Singapore government can borrow cheaply in the market due to their high credit rating. Taxation is a complex subject and higher taxes may not translate into higher government revenue. We have Laffer curve, deadweight loss of taxation, higher inflation, etc. Also, why is the question of cutting spending on widely discussed? Higher medical spending benefits mostly PAP's core political base(seniors) at the expense of all other Singaporeans. Can the seniors pay for their own healthcare spending instead? Finally, Singaporeans can always vote out PAP in the upcoming GE if they do not agree with the government's spending plans. Tax laws can be repealed or amended with a opposition majority in Parliament. Singaporeans need not accept higher tax and increase budget constraint as a given. There is a need to call into question the credibility of Professor Sumit. NUS should do a review of his credentials to make sure he is legitimate. There were past incidents of professors(eg Huang Jing) in universities acting as proxy for foreign governments and helping to brainwash Singaporeans. Urge the student body to subject Professor Sumit to the highest level of skepticism or drop his class altogether and seek out a better professor.
Just give Gst vouchers to help those fully vaccinated and Bivalent Boostered. Only help those that want to help themselves. Why those Non fully vaccinated have to bear the brunt of the GST rise.
COE Record Levels. Who Controls THE quota ? HDB Record Highs. Who is THE Biggest Landlord ? Petrol Record High. Who Increased petrol tax IMMEDIATELY after GE 2015 n 2020 ? Who Increased GST ? When U Found the Answer; then You Will Know WHO has CAUSED The INFLATION n HARDSHIP
COE: How to explain the DROP in COE when Zero Car Growth policy was announced at end 2017? COE was low from 2018 till early 2022, hor. HDB: Aren't all citizens allowed to sell and keep the profits? Aren't all citizens allowed to rent out rooms and keep the profits? Petrol: Petrol is traded in USD, and the petrol tax is small compared to the traded price inflation. GST: Foreigners working and living in SG also pay GST. Also, the rich pay more than you. So, it is complaining singaporeans who have too much cash and too little common sense who have caused inflation, right?
@@scbchong6964 ONLY In SG where a Single Pdt can be Taxed 8 TIMES in 8 Different WAYS. COE is An INVISIBLE Piece o paper to basically a Licence/Permit to Purchase a Vehicle in SG. Now >S$110k This is only Part of the Multi Level Taxation on Vehicles in SG that makes it THE MOST EXPENSIVE Country for Car Ownership. Vehicles are Slapped with 8 Different Taxations on A Single Product - Import Tax - ARF - COE - Registration - Road Tax - ERP - Petrol Tax - GST It is A Well Devised System to Squeeze the Citizens in Multi Faceted Taxation System. 61% Keep VOTING to Be SCREWED STUPIDITY is INFINITE
@@vincecarlo Just give Gst vouchers to help those fully vaccinated and Bivalent Boostered. Only help those that want to help themselves. Why those Non fully vaccinated have to bear the brunt of the GST rise.
COE: How to explain the DROP in COE when Zero Car Growth policy was announced at end 2017? COE was low from 2018 till early 2022, hor. HDB: Aren't all citizens allowed to sell and keep the profits? Aren't all citizens allowed to rent out rooms and keep the profits? Petrol: Petrol is traded in USD, and the petrol tax is small compared to the traded price inflation. GST: Foreigners working and living in SG also pay GST. Also, the rich pay more than you. So, it is complaining singaporeans who have too much cash and too little common sense who have caused inflation, right?
Mental Health + Inflation + GST9% + "Leased" HDB Tax hike + Akan Datang Carbon tax will impact on Transport/Electricity/LPG/Petrol and multiplying effect on food/goods and services. Time to Help Ourselves in 2025 instead of listening to 'help'. Singapore Shell premium 98 is $3.30 per litre. India getting gasoline at $1 per litre [accordingly to one commenter].
This will hurt many Singaporean people,for some it will be mostly impossible to keep finances above float,everything will be hurting especially tech stocks and any type of new ownership,thank goodness here in Australia we will not hike the GST.
Just give Gst vouchers to help those fully vaccinated and Bivalent Boostered. Only help those that want to help themselves. Why those Non fully vaccinated have to bear the brunt of the GST rise.
No "misery" lah. Price inflation is always caused by too much money and too little common sense. Singaporeans too rich and lack critical thinking skills. btw 20,000+ older singaporeans die every year; Haters, Opposition supporters, complainers, grumblers, the mediocre, the duds, and the best. All included, no exceptions.
@@scbchong6964 Just give Gst vouchers to help those fully vaccinated and Bivalent Boostered. Only help those that want to help themselves. Why those Non fully vaccinated have to bear the brunt of the GST rise.
@@chewyukechun350 Why should welfare be given to those educated, white-collar, middle-class who have property and car? If you not handicapped, plse stop asking taxpayers for more welfare.
At some point, as good as one is at managing money, it will eventually become impossible, especially when the government makes it a herculean task to do so
we abolish the interest system and form a system of banking free from INTEREST. and all forms of oppression and terrorism were uprooted.(Muhammad Qasim Dreams)
Utterly disgusted with this Professor of finance, economics and real estate's comment to curb consumption as a response to raising GST. I can get better advice from any UA-camr... Your spending is someone's income. Earn more to beat inflation!
But it is true that the Haters and Opposition supporters point finger and blame govt and foreigners for inflation. Blame everyone but themselves. Lack of self-awareness and too much self-righteousness among this group.
John 14:6 6 Jesus answered, “I am the way and the truth and the life. No one comes to the Father except through me.” Romans 10:9-10, 13 9 If you declare with your mouth, “Jesus is Lord,” and believe in your heart that God raised him from the dead, you will be saved. 10 For it is with your heart that you believe and are justified, and it is with your mouth that you profess your faith and are saved… 13 for, “Everyone who calls on the name of the Lord will be saved.” Acts 16:31 31 …”Believe in the Lord Jesus, and you will be saved”… Mark 1:15 15 “The time has come,” he said. “The kingdom of God has come near. Repent and believe the good news!” John 3:16-18 16 For God so loved the world that he gave his one and only Son, that whoever believes in him shall not perish but have eternal life. 17 For God did not send his Son into the world to condemn the world, but to save the world through him. 18 Whoever believes in him is not condemned, but whoever does not believe stands condemned already because they have not believed in the name of God’s one and only Son. John 3:36 36 Whoever believes in the Son has eternal life, but whoever rejects the Son will not see life, for God’s wrath remains on them. Acts 4:11-12 11 Jesus is “‘the stone you builders rejected, which has become the cornerstone.’ 12 Salvation is found in no one else, for there is no other name under heaven given to mankind by which we must be saved.” 1 John 5:11-13 11 And this is the testimony: God has given us eternal life, and this life is in his Son. 12 Whoever has the Son has life; whoever does not have the Son of God does not have life. 13 I write these things to you who believe in the name of the Son of God so that you may know that you have eternal life. 1 John 4:10 10 This is love: not that we loved God, but that he loved us and sent his Son as an atoning sacrifice for our sins. Philippians 2:9-11 9 Therefore God exalted him to the highest place and gave him the name that is above every name, 10 that at the name of Jesus every knee should bow, in heaven and on earth and under the earth, 11 and every tongue acknowledge that Jesus Christ is Lord, to the glory of God the Father. 2 Corinthians 5:21 21 God made him who had no sin to be sin for us, so that in him we might become the righteousness of God. Matthew 10:32-33 32 “Whoever acknowledges me before others, I will also acknowledge before my Father in heaven. 33 But whoever disowns me before others, I will disown before my Father in heaven.” 1 John 4:15 15 If anyone acknowledges that Jesus is the Son of God, God lives in them and they in God. 1 Peter 2:24 24 “He himself bore our sins” in his body on the cross, so that we might die to sins and live for righteousness; “by his wounds you have been healed.” Hebrews 9:27-28 27 Just as people are destined to die once, and after that to face judgment, 28 so Christ was sacrificed once to take away the sins of many; and he will appear a second time, not to bear sin, but to bring salvation to those who are waiting for him.
Singapore Government ! You insist on taking people’s money but why you can’t save and rescue me from China using my own CPF money when you denied my use of my own money to save myself… Help me please! People with compassion please tell the government to be humane and caring for me and people as a whole.
Singapore smaller than Bangkok has so many mp and five mayors. GST has to go up or else how to pay them.
Not forgetting the MOST EXPENSIVE PM On The Planet.
4G ADDICTED to 💰💰💰
When gst first started
I already knew it will continue to rise
Love this ... waiting for more money talks episodes on cna utube channel.
I have seen on cna app also but not full videos were shared.
Please upload all money talks episodes on cna utube channel with attached playlist 🤗🙏🏼🙏🏼
better dont put your money on investments, especially those on youtube ads about investments, all are scams
Despite being a finance, economics, and real estate professor in NUS, he was not discussing any trade offs and only making a one-sided argument in favor of PAP's policies. In any fiscal policy, government is able to raise tax, increase borrowing, tap past reserves, or a combination of the above. The PAP argument against using more of past reserves, because it constitutes to spending money of future generation, is illogical because there will always be a future generation as long as society exits. Are we then not ever going to touch on past reserves? If so, then what is the purpose of past reserves? The opportunity cost of borrowing is low since Singapore government can borrow cheaply in the market due to their high credit rating. Taxation is a complex subject and higher taxes may not translate into higher government revenue. We have Laffer curve, deadweight loss of taxation, higher inflation, etc. Also, why is the question of cutting spending on widely discussed? Higher medical spending benefits mostly PAP's core political base(seniors) at the expense of all other Singaporeans. Can the seniors pay for their own healthcare spending instead? Finally, Singaporeans can always vote out PAP in the upcoming GE if they do not agree with the government's spending plans. Tax laws can be repealed or amended with a opposition majority in Parliament. Singaporeans need not accept higher tax and increase budget constraint as a given.
There is a need to call into question the credibility of Professor Sumit. NUS should do a review of his credentials to make sure he is legitimate. There were past incidents of professors(eg Huang Jing) in universities acting as proxy for foreign governments and helping to brainwash Singaporeans. Urge the student body to subject Professor Sumit to the highest level of skepticism or drop his class altogether and seek out a better professor.
Just give Gst vouchers to help those fully vaccinated and Bivalent Boostered. Only help those that want to help themselves. Why those Non fully vaccinated have to bear the brunt of the GST rise.
COE Record Levels. Who Controls THE quota ?
HDB Record Highs. Who is THE Biggest Landlord ?
Petrol Record High. Who Increased petrol tax IMMEDIATELY after GE 2015 n 2020 ?
Who Increased GST ?
When U Found the Answer; then You Will Know WHO has CAUSED The INFLATION n HARDSHIP
COE: How to explain the DROP in COE when Zero Car Growth policy was announced at end 2017? COE was low from 2018 till early 2022, hor.
HDB: Aren't all citizens allowed to sell and keep the profits? Aren't all citizens allowed to rent out rooms and keep the profits?
Petrol: Petrol is traded in USD, and the petrol tax is small compared to the traded price inflation.
GST: Foreigners working and living in SG also pay GST. Also, the rich pay more than you.
So, it is complaining singaporeans who have too much cash and too little common sense who have caused inflation, right?
@@scbchong6964
ONLY In SG where a Single Pdt can be Taxed 8 TIMES in 8 Different WAYS.
COE is An INVISIBLE Piece o paper to basically a Licence/Permit to Purchase a Vehicle in SG.
Now >S$110k
This is only Part of the Multi Level Taxation on Vehicles in SG that makes it THE MOST EXPENSIVE Country for Car Ownership.
Vehicles are Slapped with 8 Different Taxations on A Single Product
- Import Tax
- ARF
- COE
- Registration
- Road Tax
- ERP
- Petrol Tax
- GST
It is A Well Devised System to Squeeze the Citizens in Multi Faceted Taxation System.
61% Keep VOTING to Be SCREWED
STUPIDITY is INFINITE
@@vincecarlo Just give Gst vouchers to help those fully vaccinated and Bivalent Boostered. Only help those that want to help themselves. Why those Non fully vaccinated have to bear the brunt of the GST rise.
COE: How to explain the DROP in COE when Zero Car Growth policy was announced at end 2017? COE was low from 2018 till early 2022, hor.
HDB: Aren't all citizens allowed to sell and keep the profits? Aren't all citizens allowed to rent out rooms and keep the profits?
Petrol: Petrol is traded in USD, and the petrol tax is small compared to the traded price inflation.
GST: Foreigners working and living in SG also pay GST. Also, the rich pay more than you.
So, it is complaining singaporeans who have too much cash and too little common sense who have caused inflation, right?
@@scbchong6964
BOT
SPAM
If u dont want to be screw up repeatedly by them, for yrself, yr family n Singapore. Vote them out !!!
Why are you oppressing other citizens with your opinions? Why you forcing your falsehoods on others?
@@scbchong6964 do u know wat is shame?
Mental Health + Inflation + GST9% + "Leased" HDB Tax hike + Akan Datang Carbon tax will impact on Transport/Electricity/LPG/Petrol and multiplying effect on food/goods and services.
Time to Help Ourselves in 2025 instead of listening to 'help'.
Singapore Shell premium 98 is $3.30 per litre. India getting gasoline at $1 per litre [accordingly to one commenter].
This will hurt many Singaporean people,for some it will be mostly impossible to keep finances above float,everything will be hurting especially tech stocks and any type of new ownership,thank goodness here in Australia we will not hike the GST.
GST is higher in Australia. GST is higher in most countries of the world.
Buy what you needs,buy less what you liked.
Just give Gst vouchers to help those fully vaccinated and Bivalent Boostered. Only help those that want to help themselves. Why those Non fully vaccinated have to bear the brunt of the GST rise.
first rule on how to manage money:
the money should exist first
Dying early is one option to avoid this misery. Lol
Good luck Singaporeans.
61% NEVER Learn
They KEEP Voting to be SCREWED
No "misery" lah. Price inflation is always caused by too much money and too little common sense. Singaporeans too rich and lack critical thinking skills. btw 20,000+ older singaporeans die every year; Haters, Opposition supporters, complainers, grumblers, the mediocre, the duds, and the best. All included, no exceptions.
There's nothing here to manage!!
Just spend wisely and budget tightly
How? Vote the incompetent Government Out is the only solution !!!
its more just than GST raised. The inflation itself on alot of items rose 20+% just in 2022 alone.
Gotta buy only what you need!!
And
How much you need
Actually price inflation is caused by too much cash, easy loans/credit and too little common sense.
@@scbchong6964 Just give Gst vouchers to help those fully vaccinated and Bivalent Boostered. Only help those that want to help themselves. Why those Non fully vaccinated have to bear the brunt of the GST rise.
@@chewyukechun350 Why should welfare be given to those educated, white-collar, middle-class who have property and car? If you not handicapped, plse stop asking taxpayers for more welfare.
At some point, as good as one is at managing money, it will eventually become impossible, especially when the government makes it a herculean task to do so
Good luck singaporeans forever not enough money, forever lay flat is still the best of all, forever wait for pap party to give small money
Where will these GST go as it is announced before inflation? It is going to Temasek shhhhhh (they got bombed by FTX)
13:16 🔵
we abolish the interest system and form a system of banking free from INTEREST.
and all forms of oppression and terrorism were uprooted.(Muhammad Qasim Dreams)
"WHAT WOULD MAKE YOU RAISE GST? PROFILGATE SPENDING AND IRRESPONSIBLE UNSUSTAINABLE PLANS!" -PM LEE,GE2015
Utterly disgusted with this Professor of finance, economics and real estate's comment to curb consumption as a response to raising GST. I can get better advice from any UA-camr... Your spending is someone's income. Earn more to beat inflation!
But it is true that the Haters and Opposition supporters point finger and blame govt and foreigners for inflation. Blame everyone but themselves. Lack of self-awareness and too much self-righteousness among this group.
We live in end times. Please learn Muhammad Qasim dreams.
There are special message from prophet Muhammad.
John 14:6
6 Jesus answered, “I am the way and the truth and the life. No one comes to the Father except through me.”
Romans 10:9-10, 13
9 If you declare with your mouth, “Jesus is Lord,” and believe in your heart that God raised him from the dead, you will be saved. 10 For it is with your heart that you believe and are justified, and it is with your mouth that you profess your faith and are saved… 13 for, “Everyone who calls on the name of the Lord will be saved.”
Acts 16:31
31 …”Believe in the Lord Jesus, and you will be saved”…
Mark 1:15
15 “The time has come,” he said. “The kingdom of God has come near. Repent and believe the good news!”
John 3:16-18
16 For God so loved the world that he gave his one and only Son, that whoever believes in him shall not perish but have eternal life. 17 For God did not send his Son into the world to condemn the world, but to save the world through him. 18 Whoever believes in him is not condemned, but whoever does not believe stands condemned already because they have not believed in the name of God’s one and only Son.
John 3:36
36 Whoever believes in the Son has eternal life, but whoever rejects the Son will not see life, for God’s wrath remains on them.
Acts 4:11-12
11 Jesus is “‘the stone you builders rejected, which has become the cornerstone.’ 12 Salvation is found in no one else, for there is no other name under heaven given to mankind by which we must be saved.”
1 John 5:11-13
11 And this is the testimony: God has given us eternal life, and this life is in his Son. 12 Whoever has the Son has life; whoever does not have the Son of God does not have life. 13 I write these things to you who believe in the name of the Son of God so that you may know that you have eternal life.
1 John 4:10
10 This is love: not that we loved God, but that he loved us and sent his Son as an atoning sacrifice for our sins.
Philippians 2:9-11
9 Therefore God exalted him to the highest place and gave him the name that is above every name, 10 that at the name of Jesus every knee should bow, in heaven and on earth and under the earth, 11 and every tongue acknowledge that Jesus Christ is Lord, to the glory of God the Father.
2 Corinthians 5:21
21 God made him who had no sin to be sin for us, so that in him we might become the righteousness of God.
Matthew 10:32-33
32 “Whoever acknowledges me before others, I will also acknowledge before my Father in heaven. 33 But whoever disowns me before others, I will disown before my Father in heaven.”
1 John 4:15
15 If anyone acknowledges that Jesus is the Son of God, God lives in them and they in God.
1 Peter 2:24
24 “He himself bore our sins” in his body on the cross, so that we might die to sins and live for righteousness; “by his wounds you have been healed.”
Hebrews 9:27-28
27 Just as people are destined to die once, and after that to face judgment, 28 so Christ was sacrificed once to take away the sins of many; and he will appear a second time, not to bear sin, but to bring salvation to those who are waiting for him.
Singapore Government ! You insist on taking people’s money but why you can’t save and rescue me from China using my own CPF money when you denied my use of my own money to save myself… Help me please! People with compassion please tell the government to be humane and caring for me and people as a whole.