Casino levies hit $288 million: spell out how windfall will be used
It’s been disclosed in Parliament that the government raked in $288 million in casino levies in the last 18 months.
It was also revealed that tax revenues from the integrated resorts experienced a net increase of $900 million in 2010 and $1.1 billion in 2011.
These are astronomical sums so naturally many people have been wondering what the government has been doing with this windfall. It claims that the bonanza is used to provide support and care for Singaporeans.
Now I don’t think many people are satisfied with this claim. Can the government spell out specifically how it has been using this bonanza to help Singaporeans?
This is a bonanza like the billions collected under the COE system. Where did all the COE billions go to? Into a black hole never to be accounted for?
Singapore is probably the only first world country in the world where an army of its elderly citizens, some well into their 70s, still need to slog it out as menial workers to make ends meet.
When it comes to helping this group of the elderly poor, the government has so far been tight-fisted. It pontificated about the evils of welfarism while at the same time unashamedly raiding the national coffers to pay themselves millions in salaries and bonuses.
If there is one group of people the bonanza can be of tremendous help, the elderly poor surely rank high up on the list of priorities.
They have been marginalized by our million dollars Ministers for far too long. The consequence is there for all, including tourists, to see: an army of elderly Singaporeans still toiling away in their twilight years.
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