SINGAPORE – Redistribution must be at the core of government policies to avoid the risk of the country being divided into two – one Singapore for the highest earners, and another for the majority of Singaporeans where social mobility is hard to come by, said Leader of the Opposition Pritam Singh. Speaking during the Budget debate on Wednesday, the Workers’...
Leader of the Opposition Pritam Singh noted that Budget 2023 has been described by some commentators as a “Robin Hood” budget.SINGAPORE – Redistribution must be at the core of government policies to avoid the risk of the country being divided into two – one Singapore for the highest earners, and another for the majority of Singaporeans where social mobility is hard to come by, said Leader of the Opposition Pritam Singh.
“This Singapore gives meaning to the promise and lure of Singapore and how we remain relevant to the world. It is a Singapore that always strives to be at the cutting edge of global developments,” he said. He noted that these two Singapores would unavoidably cause friction in society, as the country’s small size meansthere is no countryside to retreat to where the pace is slower and prices of things are lower than in the city.
Mr Singh said the WP supports the move, but asked if the Government had considered tweaking the percentage of CPF funds credited into the three CPF accounts each CPF member has, and allocating more to the Special Account. On encouraging more companies to hire senior workers, Mr Singh said he supports the extension of the Senior Employment Credit until 2025, but called for more support to encourage employers to hire senior workers.
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Redistributing wealth is a must to avoid class division and emergence of ‘two Singapores’: Pritam“Significant work” is needed to guard against such a split in society, he said. Read more at straitstimes.com.
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