tinkie
02-21

πŸ˜‚πŸ˜‚πŸ˜‚This is just a way for the government to fight inflation

"Vouchers to combat inflation" fucking drives me insane. It's feeding sugar water to a diabetic and only makes things worse. Anyone who has spent a week in an entry level macro econs course can understand this, and we keep getting this shite.

For Low income/SES Singaporeans:

  • Feel most pain from inflation.

  • Demand is price inelastic (mostly essential goods).

  • Spend less so contribute less to inflation.

Budget 2024: Can $400 Ease Your Living Costs?
A Cost-of-Living Special Payment will be provided to eligible Singaporeans in September 2024, ranging between $200 and $400 in cash. A survey conducted by Milieu Insight revealed that 62% of the 1,002 respondents felt that the government's latest budget measures were insufficient to help them cope with the rising cost of living. ----------------- How do you view? Are you eligible for the special payment?
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