Societal ACTIVITIES
We have been sailing cautiously to a more pleasant spot, Mr. Lee said in response to questions about whether his state has been “drifting to the left” socially and with more social programs.
We can manage to be and must be very strict in how we assist those who are not really catching up when the economy is expanding and all canoes are lifted by the sea.
” You can tell them to work harder and run sooner.” Here’s a little more motivation. Generally speaking, it works pretty well, and we have been doing that for quite some day.
How are you going to keep this team up over time, though? As the race progresses and the field spreads out, some people advance further than others, while others are not quite as far back, and eventually their children do not.
What do you do when, on occasion, someone who is doing perfectly also experiences a change in the world and the first person immediately becomes the last?
Do you believe that’s simply how the universe is? Or can I do something to assist him in reentering the culture and contributing once more?
Singapore, according to Mr. Lee, is “in a phase where we have to do more along, when we need to support one another, and when the government needs to be there.”
Singapore must, however, “work very hard to prevent the authorities being the only solution to all problems.”
With expenditures at less than 20 % of gross domestic product ( GDP ), he continued, Singapore is likely the smallest government among developed nations.
National spending currently accounts for 18 % of GDP, but by 2030, the government anticipates that it will account for more than 20 %.
Government spending has been kept “very lean,” but Mr. Lee claimed that the pressures of an aging community, rising medical costs, and increased social needs are driving up spending.
The difficulty, he claimed, is paying for the increase “where necessary, without really blowing up out of control,” which entails occasionally using the word “taxes,” as is prohibited.
He cited Singapore’s goods and services tax ( GST ), which increased from 7 % to 8 % this year and will do so again in 2019.
According to him, incentives to the lower two-thirds of Singapore’s people may delay the effects of higher Tax on households while putting the government in a “new place” in terms of tax revenues.