America vs. Singapore: You Can't Save Your Way Out of Economic Shocks

Re:America vs. Singapore: You Can't Save Your Way Out of Eco... by gruez on Thursday February 19, 2026 @11:52AM (#47075875)

>The parent contributor has conveniently left out the fact that the 37% of CPF contributions is split 20-17 in terms of employee-employer contributions[1]

This point is a shell game, because the employer's share is still effectively being taken from the employee. It's equivalent of "tariffs are paid by foreigners!" that's trotted out for supporting tariffs.

[ Parent | on HN ]

Re:America vs. Singapore: You Can't Save Your Way Out of Eco... by kaashif on Thursday February 19, 2026 @02:49PM (#47078257)

I almost feel like the employee/employer distinction is actually worse than tariff fakery because at least tariffs are somewhat confusing to the average person, so you almost see why they get fooled.

But I feel like no-one would be fooled if you changed an e to an r on payslips (employee contribution to employer) - it's just obviously the same.

[ Parent | on HN ]