Singapore aims to overcome wealth inequality, says next PM Lawrence Wong as inflation anxiety grows in island

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Wong said Singapore will strengthen its system of taxes 'so that everyone contributes something, but those with more contribute more.”

Speaking in his most significant policy speech since being tapped as next-in-line to lead the nation, Wong said Singapore had expected a strong recovery from the pandemic,"but have flown into strong headwinds.”Pushing for greater equality among Singaporeans, Wong said the country should collectively determine its future, including"how much more the government should spend - and on what.”

"I hope to see a society and system that benefits many, not a few; that rewards a wide variety of talents, not a conventional or narrow few; that values and celebrates all individuals for who they are and what they can achieve; and provides all with opportunities to do better throughout their lives,” he said.

Wong said last month he intends to"refresh” Singapore’s social compact and develop a"Forward Singapore” agenda that will set out a"road map for the next decade and beyond.” A majority of locals indicated in a May poll by Blackbox Research Pte. that they thought the government was doing badly on handling price rises.

 

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