Saturday, February 08, 2003
THE HIGH COST OF LIVING GETS HIGHER
The PAP government confirmed Feb 7 2003 that the CPF rate cut will stay till 2005. The CPF is workers and employers contributions to a forced savings scheme. Which means the 1999 CPF cuts, which cost Singapore workers $7.5 billion in earnings a year, will remain for six years. That's a total of $45 billion that workers will have sacrificed so far.
With GST confirmed to rise to 4 per cent on Jan 1 2003 and 5 per cent on Jan 1 2004, it will mean an additional burden to bear of $1.32 billion a year from 2004 onwards, forever.
Workers wages have also been frozen by order of the National Wages Council. Living in $ingapore is a high cost affair. And WORKERS ARE THE ONES ASKED TIME AND TIME AGAIN TO BEAR THE BURDEN AND MAKE THE SACRIFICE.
What you can do is click on the banner below or visit http://www.bigo.com.sg/toplocalsongs/watchmen.html and singalong to one of the Top 10 best songs ever written and performed by a Singaporean. Spread the word.
Well Well everything that is coming into our pocket freezes. Everything that goes out increases.
Unknown at 11:51 am