Daily Archives: 2012-09-10

Does increasing social spending mean higher taxes?

By Leong Sze Hian – I refer to the article "Social spending – where will money come from?" (Straits Times, Sep 4).   How much total reserves? It states that "If you add the three pools of reserves up, you get about $800 billion. A very modest 2 per cent return on that comes up to $16 billion a year. …

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