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Don't think there is any potential conflict of interest increasing workers productivity inorder to increase their wages. Wages are set by market forces of supply and demand not by government. A minimum wage is an artificial floor price and go against the logic and fundamental economic principles. When workers minimum wage costs more than the value they bring to their employers the company will make losses. There is no charity in private sector firms. The first to feel this negative impact of losses leading to bankruptcies will be our local SMEs
I would put it as it's not who is good or bad but the fact that many things and policies in SG needs to be tweaked or reformed but the power they have too much power contributed by an asian-minded population that subscribes to authoritarianism but to an extent that gave them absolute power. The people are generally timid of speaking like a free man when their opinion is not approving of the policies eg. COE. No one likes it? Yet, they all voted for more of the same resulting in today's situation. A Pathetic situation. We need to get the basics right. Singaporeans must first fight for and be able to ensure they can speak up without fear. The rest will be history
Some said those PAP IBs/diehard supporters are ‘井底之蛙’ (meaning people who have little experience or are narrow-minded, and therefore possess little insight or wisdom) Just looked at those nonsense comments by them, no idiot would be convinced by a sock puppet reminding us that the PAP is the best and that everyone else is inferior. Their mission is to counter viewpoints online that disagree with or criticise PAP government policies.
Singapore need a wealth tax that include unrealised gains in wealth. Under this plan, high-wealth taxpayers would likely pay taxes on their capital gains each year as their assets appreciate in value. Rather than waiting until their shares are ultimately sold, these “prepayments” would then offset some of the gains on an eventual sale to yield the net taxes owed. Importantly, the proposal is only for Singapore's wealthiest. Only the ultra-wealthy would bear this additional tax and compliance burden. Looked at Mark Zuckerberg, the CEO of Meta (the parent company of Facebook), he is paid a salary of $1. While additional compensation in company stock raises his annual earnings to around $24 million, the vast majority of his $204 billion net worth comes from the increase in value of his holdings in Meta rather than his ordinary income. A large amount of Zuckerberg’s $204 billion has gone untaxed. That’s because most of his wealth comes from the increasing value of his assets, which won’t be taxed until he realizes a gain from them (i.e., the securities are sold) Now look at Singapore, we are considered a haven for the super-rich due to our favourable tax regime, political stability, high quality of life, and robust financial infrastructure, attracting wealthy individuals from around the world who seek to store and manage their wealth there; particularly notable are our low corporate and personal income tax rates, no capital gains tax, and attractive residency programs for investors. Do you think this is really good for Singapore, for Singaporeans in the long run? Right now, ordinary Singaporeans are struggling with rising costs, stagnant wages, and unaffordable housing😓
Yes i advocate for this too, please think about the threshold, would it be above 20 mil in assets? What kind of assets? Must be prepare to spar with the ministers
Reason this taxing the rich is not encouraged as figure are all controlled by pap, the threshold to start paying more tax also determine by them. In fact, the income tax already have different tier of taxes in taxing the rich more. This give the pap more excuse to tax the citizen.
@@avatart183 wealth tax is different from income tax, the mostly wealthy have no income, did you read what ben puah wrote? Mark zuckerburg was paid only $1 in salary, in Singapore that is low income and he wont be taxed. But mark is obviously not poor. He is very rich in assets. That is called wealth tax.
Basic wages can only increase if their productivity increases. That's why NTUC is heavily involved workers training . It started with the National Skills Recognition System (NSRS) Training in 2000. Cleaners were one of the first industry to get on board. Government was one of the biggest buyers of their services. So in most government contracts cleaners had to be NSRS certified. It worked for awhile as cleaners basic wages were increased. Today the system had evolved into a new approach supporting life long training for employees in many industries. So there are potential wage increase benefits when NTUC drives the training on a national certification basis for industries
With such attitudes basic wages will never be enough for basic needs. Basic wages should be pegged to inflation, not productivity. If it was so, we would not be paying our ministers so much.
@soreeyez SPIN DOCTORS WITHOUT BORDERS Basic wages are paid based on your employers assessment of your value added contribution to the firm OR job worth. Every industry has a norm . If you are hired as a replacement candidate then the last drawn salary of your predecessor will serve as the reference point. Any subsequent increase (either after probation period or on your anniversary date) above and beyond this basic wages is dependent on productivity increases. Bonuses are paid based on the amount of profit you have earned for the company. Fundamental economics. It's never about attitudes . This is how companies' wage policies are managed . If you want to start to pay based on basic needs then you have to develop wage policies tiered according to the family size, number of dependents in the family, is your mother in law staying with you, are your children in school or in universities, if in universities are they local or overseas , where do you live to determine how much transport fares would cost and the list goes on.... Not practical at all. So employers pay your salary based on your experience with reference to your last drawn salary and an incentive to attract you to join the firm.
![Felix "Unfair" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/Oswujxm2Ag0/mqdefault.jpg)
Go support BEN PUAH from Red Dot United, please click this URL link to 'FOLLOW' his official Facebook Page ”Ben Puah 潘家定" Thanks for your support! facebook.com/profile.php?id=61560202716888
Can PAP MPs fully advocate for workers' interests when those interests may conflict with the PAP's political agenda?
Don't think there is any potential conflict of interest increasing workers productivity inorder to increase their wages.
Wages are set by market forces of supply and demand not by government. A minimum wage is an artificial floor price and go against the logic and fundamental economic principles.
When workers minimum wage costs more than the value they bring to their employers the company will make losses. There is no charity in private sector firms. The first to feel this negative impact of losses leading to bankruptcies will be our local SMEs
People must not be homeless if that happened then gov not popular anymore
I would put it as it's not who is good or bad but the fact that many things and policies in SG needs to be tweaked or reformed but the power they have too much power contributed by an asian-minded population that subscribes to authoritarianism but to an extent that gave them absolute power. The people are generally timid of speaking like a free man when their opinion is not approving of the policies eg. COE. No one likes it? Yet, they all voted for more of the same resulting in today's situation. A Pathetic situation.
We need to get the basics right. Singaporeans must first fight for and be able to ensure they can speak up without fear. The rest will be history
CPF.....GST.....CASINO LEVY.....HDB BTO 99YO....COL.....WAGES.....ON AND ON AND ON AND ON AND ON......👎👎👎👎👎PAP......VTO
The current regime pampered the local born middle class (EMPTs) till cannot afford to pamper anymore. 😅
"'Hmmm...!!!"'🙄🤔❗❗❗
U might be right...!!!☝️🫤😐☝️❗❗❗
Need to provide free adult pampers. 😅 Singaporean needs a nanny at home. 😅
Some said those PAP IBs/diehard supporters are ‘井底之蛙’ (meaning people who have little experience or are narrow-minded, and therefore possess little insight or wisdom) Just looked at those nonsense comments by them, no idiot would be convinced by a sock puppet reminding us that the PAP is the best and that everyone else is inferior. Their mission is to counter viewpoints online that disagree with or criticise PAP government policies.
Singapore need a wealth tax that include unrealised gains in wealth. Under this plan, high-wealth taxpayers would likely pay taxes on their capital gains each year as their assets appreciate in value. Rather than waiting until their shares are ultimately sold, these “prepayments” would then offset some of the gains on an eventual sale to yield the net taxes owed. Importantly, the proposal is only for Singapore's wealthiest. Only the ultra-wealthy would bear this additional tax and compliance burden.
Looked at Mark Zuckerberg, the CEO of Meta (the parent company of Facebook), he is paid a salary of $1. While additional compensation in company stock raises his annual earnings to around $24 million, the vast majority of his $204 billion net worth comes from the increase in value of his holdings in Meta rather than his ordinary income. A large amount of Zuckerberg’s $204 billion has gone untaxed. That’s because most of his wealth comes from the increasing value of his assets, which won’t be taxed until he realizes a gain from them (i.e., the securities are sold)
Now look at Singapore, we are considered a haven for the super-rich due to our favourable tax regime, political stability, high quality of life, and robust financial infrastructure, attracting wealthy individuals from around the world who seek to store and manage their wealth there; particularly notable are our low corporate and personal income tax rates, no capital gains tax, and attractive residency programs for investors. Do you think this is really good for Singapore, for Singaporeans in the long run? Right now, ordinary Singaporeans are struggling with rising costs, stagnant wages, and unaffordable housing😓
Yes i advocate for this too, please think about the threshold, would it be above 20 mil in assets? What kind of assets? Must be prepare to spar with the ministers
Reason this taxing the rich is not encouraged as figure are all controlled by pap, the threshold to start paying more tax also determine by them. In fact, the income tax already have different tier of taxes in taxing the rich more. This give the pap more excuse to tax the citizen.
@@avatart183 wealth tax is different from income tax, the mostly wealthy have no income, did you read what ben puah wrote? Mark zuckerburg was paid only $1 in salary, in Singapore that is low income and he wont be taxed. But mark is obviously not poor. He is very rich in assets. That is called wealth tax.
Sorry I don’t think so😂😂
Basic wages can only increase if their productivity increases. That's why NTUC is heavily involved workers training . It started with the National Skills Recognition System (NSRS) Training in 2000. Cleaners were one of the first industry to get on board. Government was one of the biggest buyers of their services. So in most government contracts cleaners had to be NSRS certified. It worked for awhile as cleaners basic wages were increased. Today the system had evolved into a new approach supporting life long training for employees in many industries.
So there are potential wage increase benefits when NTUC drives the training on a national certification basis for industries
With such attitudes basic wages will never be enough for basic needs. Basic wages should be pegged to inflation, not productivity. If it was so, we would not be paying our ministers so much.
@soreeyez SPIN DOCTORS WITHOUT BORDERS
Basic wages are paid based on your employers assessment of your value added contribution to the firm OR job worth.
Every industry has a norm . If you are hired as a replacement candidate then the last drawn salary of your predecessor will serve as the reference point.
Any subsequent increase (either after probation period or on your anniversary date) above and beyond this basic wages is dependent on productivity increases.
Bonuses are paid based on the amount of profit you have earned for the company. Fundamental economics. It's never about attitudes . This is how companies' wage policies are managed .
If you want to start to pay based on basic needs then you have to develop wage policies tiered according to the family size, number of dependents in the family, is your mother in law staying with you, are your children in school or in universities, if in universities are they local or overseas , where do you live to determine how much transport fares would cost and the list goes on.... Not practical at all. So employers pay your salary based on your experience with reference to your last drawn salary and an incentive to attract you to join the firm.