Sunday, 1 February 2009
In good times or bad, give me money or I'll go naked
You know the recession has really hit home when you lose not only the shirt off your back, but your pants and skivvies too – and then walk around Holland Village with your equally under-dressed female companion.
And if you’ve also lost your home along with your threads, the police will provide a roof above your head – at least until you’re released on bail.
Despite the economic downturn – or because of it – the Government has managed to find a way to still give us some goodies in the new Budget, like doubling the GST credits.
Except they’re not called “goodies” this year. They're called "measures".
“Goodies” probably sounds too festive and heaven forbid, anyone should get too festive during Chinese New Year. There is a recession after all.
As the annual Budget is usually announced around CNY, there was a time when it was called a Hongbao Budget. Actually, that was only last year.
Now, less than 12 months later, it’s called the decidedly less festive “Resilience” Package. Which I guess sounds better than “The Global Economy Is Shot To Hell And We’ll All Screwed” Package.
To keep the CNY spirit, just imagine the Resilience Package coming in a giant red packet – since we’re going to be in the red anyway as the Budget is expected to go into deficit.
But let me get this straight:
When times are bad, the Budget provides financial relief in the form of tax rebates and additional GST credits.
When times were good, like last year when there was a budget surplus, the Government shared the bounty in the form of tax rebates and Growth Dividends.
I don’t mean to look a gift ox in the mouth, but if the Government is giving us cash in good times as well as bad, when will it not give us money?
If the Government doesn’t give us money when the economy is doing badly, we would complain that it’s not helping us through these tough times.
If the Government doesn’t give us money when the economy is doing well, we would complain that it’s not distributing the wealth.
What is the Government to do?
All I know is if I don’t get another Government hand-out in next year’s Budget whatever it’s called – Hongbao, Resilience, Little Nyonya – I’ll be walking around Holland Village naked in protest.
Get your camera phones ready.
- Published in The New Paper, 1 February 2009
TRENDING POSTS OF THE WEEK
It’s like 1996 all over again. Only instead of the Macarena , we’re dancing Gangnam Style . Instead of watching the White House get bl...
Dear Ashley Garcia , Clothes maketh the man while the lack of clothes can make a woman famous. Sometimes unintentionally. I mean, y...
So The Alternative View posted this yesterday: Since my name appears in the post, I feel I need to fact-check it line by line. First ...
Lately, I've been noticing the recurring use of an unfamiliar word on social media. Aisey. Posted by SMRT Ltd (Feedback) on Wedne...
Last Monday, The New Paper reported that a naked man was spotted loitering at a Sengkang HDB lift lobby at night. Last week also saw a fl...
Yesterday, the New York Times apologised on Facebook for running this editorial cartoon about India's Mars mission . Post by The ...
Did you see the pictures of Ris Low in The New Paper on Wednesday? Those legs! That hair! The peek-a-boo panties! If the pictures wer...
Toggle has reported that actress Carole Lin has given birth to her first child: Despite being told by a gynaecologist that conceiving at ...
When I say “Jewel”, what is the first thing that comes to mind? The waterfall? Shake Shack? A&W? The song Foolish Games from the Bat...
I first met Darryl David at Gurmit Singh's wedding dinner in 1995. David's date was a woman named Lynette Pang , who was a stag...