This morning, I read the news. Finally, support for parenthood, not incentives!
We started on the support narrative way back but Baby Bonus - which I dislike - was by then so ingrained that it was tough to shift the idea from incentives to support. Doing away with Baby Bonus is very loud and clear - we're not giving parents a bonus for having a kid. Naming the new one "child support" puts it across plainly - we're supporting child raising.
I'm also pleased with the leave even though I have nothing to do with leave anymore. If anything, I don't get leave! Giving parents eight to 12 days of leave a year is great, coz mandatory child care centre closing days (the dreaded CCCC!) are already six days!
If the kids don't fall ill (they shouldn't after a while coz immunity :p), that leaves parents with two to six days to really spend time with the kids on their own schedule, rather than on the centre's schedule, especially for those with older kids who can only go on holidays during MOE term breaks. My experience was that CCCCs did not happen during MOE term breaks *.*
The lower preschool fees are very welcome too even though once again, they've got nothing to do with me. But I cannot forget that for a period of time, with two kids in child care and one in infant care, half of my pay went to the centre ๐ญ It was more expensive than uni! I wonder how the non-anchor operators will cope with the competition... Ah well...
And finally, the BTO chances. Just on Thursday, Sito was jokingly saying, give two BTO to large families! I said no way that's going to happen, but higher chances at the ballot possible. Really! I'm good. Hahahaha! Oh, and bigger flats please! Well, nothing to do with me coz I'm NOT moving!
I also read comments on social media. The dissent was mostly about those without kids having to cover for parents at work given the more days of leave.
Actually, before I had kids, I covered my direct boss not once but twice when she went on maternity leave two years apart. I didn't mind coz it gave me more opportunities to do things that I otherwise would just happily leave it to the boss to do! But I can't say for those who have to cover a peer. Maybe that would be more work... In the end, it's a give and take? I used to go on long vacations before kids and my colleagues with kids had to cover :p
Covering for maternity leave is harder - probably need a temp or intern... More opportunities for youngsters to learn?
I also think at some point, there also has to be greater support given to caregivers of elderly parents, besides parents who care for kids. It's how our population is heading - old...
And then some wondered about the cost of the package. Sito did a search and told me that back when I was working, IRAS collected $30b in taxes; last year, they collected almost $90b. So just the tax alone can more than pay for the annual cost of the new package, which is about 40,000 kids x 16 cohorts x $2,000 + 30,000 newborns x $25,000 = $2b
Based on the $70,000 support per kid from birth to 17yo, the package estimates that each kid will return more than that in taxes as an adult. Assuming 40y of working, $70,000 of taxes mean under $2,000 a year, which is very low and so hence the returns are almost guaranteed.
But of course, this is beyond the money. It's "existential".
I heard a bit on the part about Singaporeans remaining the majority and integrating foreign-borns. I thought it is helpful to put it out there - births not looking promising but we'll support parenthood AND we'll need to continue to import people while ensuring Singaporeans this ๐ I talked about new citizens being newfound births before.
Ok, very hot in the study and Yu is ่่ง็็-ing my laptop as he wants to read my holiday posts so I'll end here.
Ok, very hot in the study and Yu is ่่ง็็-ing my laptop as he wants to read my holiday posts so I'll end here.

