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New cost-of-living support measures, including up to S$200 cash for eligible Singaporeans and S$200 CDC vouchers (www.channelnewsasia.com)

submitted 1 year ago by trewq@lemm.ee to c/singapore@lemmy.world

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The measures come under an additional S$1.1 billion support package to help Singaporean households, especially lower- to middle-income ones, cope with rising costs.

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[–] Fishytricks@lemmy.world 1 points 1 year ago (2 children)

It’s like they went, how much does an average person spent per month including bills and insurance. $800 per month? Lets multiple it by 12 months, and see how much that 2% GST tax is.$192? Ok let slap an additional $8 and all be good.

[–] HidingCat@kbin.social 2 points 1 year ago

It's one of the more efficient ways to redistribute wealth using GST, which is regressive in nataure.

As for this special payout, I do wonder if it's enough. GST offset is easy to calculate, but inflation is far more variable.

[–] trewq@lemm.ee 0 points 1 year ago

You probably right.