Unfair wealth-sharing yardsticks
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May 18, 2011 -ST Forum
I AGREE with Madam Alena Yap ('Housing type not a fair yardstick for wealth-sharing'; Monday) that it is unfair to use housing type as the yardstick for national wealth-sharing.
The selling price of a five-room executive flat located in the west of the island is much lower than that of smaller-sized flats in the east and central areas. Relatively speaking, owners of five-room executive flats in the west have lower personal wealth. Yet they are penalised in national wealth-sharing.
Families that purchased bigger flats, so that siblings can stay together, share financial burdens and take care of their elderly parents, are also penalised.
Lim Tong Wah
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this unfairnes has went on for so long..like more then 20 years? top man can always ask for more sugguestions, hv u got any..?
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You want families that can't afford a bigger flat, but taking care of their families and their elderly parents to be penalised together with the five roomers?
Come up with a good suggestion lah?
Otherwise distribution depends on the size of your castle.
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basically, whoever gets less will say it's not fair... whoever gets more will say it's fair
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The West is not tat 'good' in selling price is all because of persception.
Till to this day even Jurong East & Jurong West New Town ppl can be thinking of the Industrial Estate (polluted) or ulu places.
Heck, 2/ 5 polys and 2/3 unis are in the West.
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The best yardstick is a gracious loving heart and mind.
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Agreed.
Should use people income tax return as a yardsticks.
Or saving/fd/stocks/shares/dividends per account holder.
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life is never fair.
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Originally posted by likeyou:
Agreed.
Should use people income tax return as a yardsticks.
Or saving/fd/stocks/shares/dividends per account holder.
I earn little, I pay no income tax, so I should receive nothing.
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They don't base it on value of flat, instead the reference is the annual value. This is the kind of rental you can expect a year for your flat if you were to rent it out. This ST Forum writer is going to receive such a reply. He receives lower payout as he is deemed to stay in a flat with higher business value.
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Base on flat value cannot truely tell ones wealth.
Some people living in 3 room hdb drives mercs or bmw.
Some people living in 5 room are in huge amount of debts.
Where got accurate?
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Then how?