Reverse the logic, and it makes more sense
choongyong.koh September 28th, 2006
Today in Straits Times Forum there is an article entitled “State-funded pension means higher taxes” (link is to an archived copy of the article, ST expires its article regularly). I happened to do some research previously on Singapore Ministers being entitled to pension. (Interestingly, I was trying to locate the article at http://totallyconfused.blogspot.com/2006/05/did-you-know-ministers-on-pension.html, but somehow it is not currently available).
Reversing the logic of state-funded pension for all means higher taxes, if we remove the pension from the Ministers (the amount is dependent on the years they serve and their salary), we can save a lot of taxes for Singaporeans! I have not done the math, but since the salary of the Ministers are not transparent to all, I cannot say for sure how much savings there will be.
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