7 in 10 Singaporeans think that Ministers are being paid too much

Just how disconnected was ESM Goh Chok Tong’s comments on Ministerial salaries?

The answer may come from the August edition of Blackbox research’s monthly “YouKnowAnot” monthly public survey, which polls 1,000 Singaporeans on the latest happenings in the country.

Seven in ten of the those surveyed said that it was fundamentally wrong to label those who earn more as better people, while more than half (56%) felt that ESM Goh’s comments reflected how elitist Singapore has become in the recent years.

Two in three (67%) felt that entering politics was a form of national service and hence should be willing to accept a pay cut. A similar number (69%) felt that Ministers were paid too much, and this opinion was more pronounced by those above the age of 50 (77%).

The reception to such results did not come as a surprise to netizens.

One Michael Chia said, “The quality of PAP ministers today is very different from the old guards like LKY, Rajaratnam, GKS, etc. We have seen screw-ups in EVERYTHING from hospital bed shortages to lift malfunctions to train breakdowns. And yet these jokers demand to be paid millions?!”

Another netizen Siew Lee said: “Are Ministers of so bad quality that we need Chan Chun Sing as the next PM? Can you imagine how bad Singapore will look on the World Map when a boy scout like him shake hands with a strongman like Mahathir or Duterte?”

Separately, overall satisfaction dropped from 79 points in July to 78 points in August.

Within 21 separate indicators, Singaporeans were most unhappy with housing affordability (67 points), the wealth divide (65 points) and the cost of living (57 points). Satisfaction with the cost of living has dropped 9 points year on year.

By contrast, Singaporeans were most happy with are: the crime rate (97 points), the defence/ national security (95 points) and the environment (93 points), racial integration (91 points) and the education system (89 points).

What do you think?

 

 

 

 

 

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107 Responses to “7 in 10 Singaporeans think that Ministers are being paid too much”

  • Perf ? - What Perf ???:

    > “7in10 SG think that Ministers are being paid too much”
    -
    ex-PM is harping the wrong issue.
    -
    Agreed that they are paid too much – bcos the AristoCATs performance has been mediocre. :(

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  • patriot of Temesak:

    They CREATED a standard & lifestyle of NOT only The Swiss but The Rich and CORRUPTED Powerful Famous for THEMSELVES friends & Cronies especially FamiLEEs

    and…an ILLUSION for the rest of the Ordinary People feeding them the ILLUSION that they too are OK but only in a BUBBLE that may BURST anytime soon!!!

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  • rukidding:

    Pap = Pimps and prostitutes !!!!

    $$$$$Money No enuff !

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  • waste of time zzz:

    the 70% thinks it is ok.. so please raise all the prices i.e. gst, water, electricity, transport, etc.. and dont complain because you voted for it.

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  • 鸟龙的人:

    国家的$都被这群白衣雜种拿完了
    所以它们每天都在想办法要起价
    丢尼佬某各超害啦

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  • LIONS:

    Strange tot 30 pct only?

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  • LIONS:

    Strange tot 30 pct only?
    So means another 30 pct will vote oppo leh.

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  • Pay no more:

    Only 30% of the members are worth their salary

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  • Under-worked & Over-paid:

    What do I think? With a few exceptions, I think most of the Ministers are under-worked and obscenely over-paid. Again, with few exceptions, I challenge the majority of Ministers to try and look for a million $ job outside politics and government-link companies to test their marketability. I don’t think any multi-national will employ for that kind of salary and many of know know that it’s true. Unfortunately, holding high political position is no longer a calling. It has become a vocation and this is where we have gone astray. Yes, they must be paid adequately but to be paid such exorbitant salaries can only suggest that, with exceptions, most venture into politics for MONEY! The “exceptions” venture into politics for glory and power. Sadly, this kind of mindset is a recipe for any government to be derailed eventually.

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  • Adam Smith says:

    “To feel much for others and little for ourselves; to restrain our selfishness and exercise our benevolent affections, constitute the perfection of human nature… What can be added to the happiness of a man who is in health, out of debt, and has a clear conscience?”

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  • HarderTruths:

    Is this the same 70% who vote for the same clowns?

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  • LIONS:

    @Adam Smith

    Sir/madam

    You got it right!
    Adam was HUMAN n PAPig$ are bea$t?

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  • We are different:

    The trouble is we are a different economy from others.Our economy cannot be on auto pilot,700 sq km no natural resources,everything is created from nothing .The several thousands international companies and two hundred banks operating here are all attracted here because of our good policies.The two hundred banks operating here alone have a total asset of about USD 2 trillions and all these create jobs and business opportunities for us .These are just 2 example.
    Despite of our size we out performance many countries economically ,which are larger than us and rich in natural resources ,so from here we should understand how good the quality of our leadership must be.
    The big trouble is,
    example our 3 big banks ,Bankers are making almost $10 millions per annum but our finance minister is making less then 2 millions per annum.
    Let’s be honest unless u already make your millions otherwise how many capable people are willing to sacrifice .And worst still if a minister salary can’t even pay his home mortgage I doubt not many people will be willing to join the government .
    And Singapore cannot fail once fail we were never come back .

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  • "We" refer to PAP or PPL??:

    We are different:
    The trouble is we are a different economy from others.Our economy cannot be on auto pilot,700 sq km no natural resources,everything is created from nothing .The several thousands international companies and two hundred banks operating here are all attracted here because of our good policies.The two hundred banks operating here alone have a total asset of about USD 2 trillions and all these create jobs and business opportunities for us .These are just 2 example.
    Despite of our size we out performance many countries economically ,which are larger than us and rich in natural resources ,so from here we should understand how good the quality of our leadership must be.
    The big trouble is,
    example our 3 big banks ,Bankers are making almost $10 millions per annum but our finance minister is making less then 2 millions per annum.
    Let’s be honest unless u already make your millions otherwise how many capable people are willing to sacrifice .And worst still if a minister salary can’t even pay his home mortgage I doubt not many people will be willing to join the government .
    And Singapore cannot fail once fail we were never come back .

    Singapore may be different but Singaporean different from others?

    They don’t desire to feed their family well?, they won’t want to ensure their children good future?, don’t want to live in a comfortable environment they called home?

    If serving a country as Finance ministers can worry about million$ less per annum, then why ask NSmen serve with only allowance?

    Why minister’s salary “can’t pay his mortgage”? Aren’t they not paid at least $1,000/mth with which they can go buy a HDB ? or HDB is only a lease, not a home?

    What kind of “capable people” who only know how to do world class “interior decoration” for this 700 Sq km with expensive, opulent and often useless fixtures, but don’t know how to make Singaporean, those they were elected to lead, into a world class people?

    Singapore “cannot fail” but can fail Singaporean ?????

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  • Ah Peng Kia:

    We are different:
    The trouble is we are a different economy from others.Our economy cannot be on auto pilot,700 sq km no natural resources,everything is created from nothing .The several thousands international companies and two hundred banks operating here are all attracted here because of our good policies.The two hundred banks operating here alone have a total asset of about USD 2 trillions and all these create jobs and business opportunities for us .These are just 2 example.
    Despite of our size we out performance many countries economically ,which are larger than us and rich in natural resources ,so from here we should understand how good the quality of our leadership must be.
    The big trouble is,
    example our 3 big banks ,Bankers are making almost $10 millions per annum but our finance minister is making less then 2 millions per annum.
    Let’s be honest unless u already make your millions otherwise how many capable people are willing to sacrifice .And worst still if a minister salary can’t even pay his home mortgage I doubt not many people will be willing to join the government .
    And Singapore cannot fail once fail we were never come back .

    There are myths in your reasoning. Here’s reality:

    1. No economy in the world is on auto-pilot, not just Singapore. Even a country rich in natural resources need the right policies, investments and innovation to capitalize on their “natural resources”. All countries have some natural resources. Singapore’s is its people, its geographical location, its constant climate, albeit hot, and its cocooned position that protects it from natural disasters like hurricanes, earthquakes and volcanoes.

    2. No Ministers have proven they can net a multi-million dollar job on their own merit. Additionally, no job would pay that much that has no real-impact KPIs and no accountability.

    3. If hundreds of thousands of Singaporeans are paying their mortgage on less than $10k salary a month, why can’t a Minister pay his? Poor financial planning or poor budgeting? Would you trust your child’s future to such a government?

    4. Every first world country has changed political hands numerous times without falling over. Even something as big as Brexit and Trump will not wipe out UK and USA. If the current political party can’t make things work, the country’s people will simply vote them out and bring in the next government that could.

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  • oxygen:

    @ We are different

    HAVE REBUTTED YOUR FICTIONS REPEATEDLY IN TRE but it is clear that you are addicted to falsity and spreading of disinformation. Show us the list of 200 banks operating in LEE-jiapore. You always claims these banks have assets of USD 2 trillion BUT REFUSED TO SUPPLY SUBSTANTIATION OF THIS DISINFORMATION. I have also explained why bank “assets” (whatever the qty) is also EXACTLY ITS LIABILITY. Banks don’t print money. Their deposits is debt owing to the customers. If ever banks here own assets of USD$2,000 trillion, IT IS ALSO OWING EXACTLY THE SAME AMOUNT TO ITS CUSTOMERS.

    SO YOU ARE FARTING NONSENSE HERE YET AGAIN – your usual. Are you paid 50c for this post disinformation of fake news? Or given the low quality of bullsh*ttingm, maybe only 10c?

    We are different: The trouble is we are a different economy from others.Our economy cannot be on auto pilot,700 sq km no natural resources,everything is created from nothing .The several thousands international companies and two hundred banks operating here are all attracted here because of our good policies.The two hundred banks operating here alone have a total asset of about USD 2 trillions and all these create jobs and business opportunities for us .These are just 2 example.

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  • oxygen:

    @ We are diferent

    OH, BTW, WE ARE ALREADY FAILING, very close to sudden death collapse, YOU MUST BE BLIND NOT TO SEE THIS – otherwise the zoological species in that house of the most expensive but mostly useless decorations can’t afford to pay for parking at market rates which all other peasants must pay or else.

    We are different: And Singapore cannot fail once fail we were never come back .

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  • Bapak:

    Good question. Are they waking up? Don’t they know it has been like this for so many years? Why they never thought of this when they voted in GE2015. When they gave their votes to PAP in GE2015, means they are okay with them drawing sky-high pay. Now complain for what.

    Don’t they know in SG the only way to voice your unhappiness is through the vote? After GE, citizens have no right at all. You gave them the mandate to lord all over you. Daft is daft.

    HarderTruths:
    Is this the same 70% who vote for the same clowns?

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  • oxygen:

    @ We are different

    ASIDE FROM THE VIRGIN CLUELESS 4Gs – one is more like a boy scout than politician of clowning exhibition – those 3Gs and earlier must be at their career peak in mid-30s when CATASTROPHE hit on 19 October 1987 when financial market meltdown globally. I was there and saw the meltdown in front of the screen – opening bell of a few fleeting seconds, blue chip stocks fell by 70% or more and the rest of the day was slaughter house.

    If our leadership are such economic and financial genius, THEY WOULD BE BILLIONAIRE BY NOW buying into the carnage when blood was flooding the street all over the world. How come the 3Gs and earlier still around parasiting on public purse as employed now WHEN THEY COULD SELF-EMPLOYED AND PAY THEMSELVES A LOT MORE THAN BANKERS IN THE PRIVATE SECTOR?

    They would have their own hedge funds operation by now, and won’t be begging for votes at every election by cunning and chicanery. They have run out of tricks in their bags after HDB/CPF/Asset enhancement politics scams are all exposed.

    AND IF THEY ARE WORTH ANYTHING OF VALUE, they won’t need to scam their pay benchmarked to A ROTATING POOL OF top private sector earners
    – betting only on winners and after the race is run – POWCHIAK ONE. In a few words, the monkeys parasites on society by lying instead of earning on their own ability which if they are so good of talent, they will be working for themselves earning hundreds of millions a year or multiple billions betting in financial markets.

    We are different: Despite of our size we out performance many countries economically ,which are larger than us and rich in natural resources ,so from here we should understand how good the quality of our leadership must be.

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  • Rabble-rouser:

    @ We are different:
    And how is S’pore different from the others? The PAP had configured S’pore to be totally dependent on global trade & 100% reliant on financial inflows for their existential business model. The last time I’ve looked, global trade figures are going to look very bad; trade wars had already started with tariffs & quotas being imposed; corporate stock price being readjusted downwards; shipping capacity rates plummeting due to lack of cargo, etc.
    Worse to come, S’pore is heading towards a repeat of the 1997/98 Asian Financial Crisis. The signs are all there! Turkey, Argentina & Indonesia were already suffering from capital outflows & high foreign currency indebtedness. M’sia is also having a trillion worth of debts lingering inside their economy. With the US$ interest rate rising, global capital are flowing back to the US T-bills & to the US Stockmarkets for higher returns. If I’m not mistaken, S’pore had a very high external foreign debt in relation to GDP. Much of the debts were capital inflows from foreigners looking for a safe haven & ploughed into the local banking system. But most of the loans were sourced out to the property & construction sector. The elephants in the S’pore debt room are the Property Asset bubble & the excessive govt Infrastructural Spending.
    S’pore’s GDP outperformance were using foreigner population inflows (boosting GDP consumption & consumer spending) & Infrastructural Spending which is govt spending (G) in the GDP calculations. And the loose monetary policy is fuelling the Property bubble whose input is (I) in GDP calculations. But there is an oversupply looming in newly completed apartment units by 2020. And that will coincide with a higher global interest rates which won’t be beneficial for property investments. In short, S’pore’s GDP performance isn’t real nor sustainable.
    S’pore is heading towards a cliff-fall!

    We are different: The trouble is we are a different economy from others.

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  • see things getting better:

    //The trouble is we are a different economy from others.Our economy cannot be on auto pilot,700 sq km no natural resources,everything is created from nothing .The several thousands international companies and two hundred banks operating here are all attracted here because of our good policies.The two hundred banks operating here alone have a total asset of about USD 2 trillions and all these create jobs and business opportunities for us .These are just 2 example.//

    so do you see things getting better ? or getting better mostly for the white idiots and gang ? or prices start to increase like water, electricty, etc, etc. or more moving parts in the system, more costs to to build & maintain.

    more intl companies, more for hiring FTs with some true-blue sinkies just for showcase (employment quota) ? two hundred banks ? you use two hundred banks huh ?

    total assets can be usd2trillion or usd20trillions, but if you are retrenched / replaced by FTs who are here to create for sinkies (as mentioned by one white idiot), so what lar ? just like the white idiotic gang say strong reserves, still increase water price (by 30%) lar.

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  • all from googling lar:

    //The big trouble is,
    example our 3 big banks ,Bankers are making almost $10 millions per annum but our finance minister is making less then 2 millions per annum.//

    quote (all from googling lar) :

    What is the annual salary of Janet Yellen?
    According to Reuters, which obtained data on the Federal Reserve’s salary structure from a Freedom of Information Act request, Yellen is paid less than at least 113 other Federal Reserve employees. She earns $201,700 a year, compared to the Fed’s highest paid employee, Inspector General Mark Bialek, who makes $312,000.Oct 17, 2014
    Janet Yellen Makes Less Than Over 100 Other Fed Staffers | Money
    time.com/money/3516794/janet-yellen-salary-fed-staffers/
    Search for: What is the annual salary of Janet Yellen?
    How much money does the federal reserve chairman make?
    Congress is in charge of setting the salary for the Chairman of the Federal Reserve. The current annual income is $201,700.Jan 31, 2017 : unquote

    sinkies are too brainwashed by the white idiots until they have ziltz sense of proportion for what it entails to serve the public.

    if one has good talent and need to think of good pay cheque when serving the public, then better stay in the private sector and make monkey and get regulated lar.

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  • old man:

    If we have ministers that think like the old guards or at least what our neighbour is doing as below:

    https://www.tnp.sg/news/world/malaysian-minister-no-housing-projects-solely-foreigners

    _How I wish that SG [email protected] will put our SG people first…_

    He said Malaysia welcomes foreign direct investments (FDI) as long as they *bring tangible benefits to the people* and do not overburden the nation.
    “We want high quality FDI flowing into the country, creating high quality jobs for the people in line with our objective of creating high quality growth shared among Malaysians. *We do not need mindless growth just for good GDP (gross domestic product) numbers, which has no relevance to the people and where the people do not reap any benefits*,” he added.

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  • Bapak:

    With you around, I really see the real picture why we are different.

    We are different:
    The trouble is we are a different economy from others.Our economy cannot be on auto pilot,700 sq km no natural resources,everything is created from nothing .The several thousands international companies and two hundred banks operating here are all attracted here because of our good policies.The two hundred banks operating here alone have a total asset of about USD 2 trillions and all these create jobs and business opportunities for us .These are just 2 example.
    Despite of our size we out performance many countries economically ,which are larger than us and rich in natural resources ,so from here we should understand how good the quality of our leadership must be.
    The big trouble is,
    example our 3 big banks ,Bankers are making almost $10 millions per annum but our finance minister is making less then 2 millions per annum.
    Let’s be honest unless u already make your millions otherwise how many capable people are willing to sacrifice .And worst still if a minister salary can’t even pay his home mortgage I doubt not many people will be willing to join the government .
    And Singapore cannot fail once fail we were never come back .

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  • Haigen-diaz:

    @ oxygen, Rabble-rouser
    Collective psychosis is a real phenomenon, and PAP has a genuine hallucinogenic effect on their followers like @We are different, that is more powerful than any drug. They literally believe that they have new jobs even when they don’t. Even if they lose their jobs, they will believe that they have jobs. It’s only a matter of time before you see them marching around carrying imaginary picks and shovels and cashing imaginary paychecks. Two things are holding this country back. 1 – Lack of initiative and investment in developing our people and our capabilities, 2 – A culture of complacency and scapegoating, helping to prevent #1. China, the four Asian economic tigers, Germany, Japan, etc. to name a few are all investing in education/jobs training modernization for the 21st century and infrastructure modernization. In other words, they invest in developing their people, equipping them with capabilities, and fostering an environment so they can be highly productive contributors. But what’s happened over the last 33 years: the working class of this country has been offered up on the altar of a class obsessed capitalism and that the time for that has long passed. We have a two-track economy with, on the one hand, 20 per cent of the population, mostly foreign talents, enjoys good jobs and supportive social networks. On the other hand, the remaining 80 per cent are part of the low-wage sector where the world of possibility has shrunk and are burdened with debts and anxious about job security. Singapore under Pinky and his assimilated PAP toadies is already a failed state and the damage done so far is significant and will have incalculable long-term consequences. Wage stagnation, spiraling health care and education costs, and steady degradation of working-class standards of living (aka, income disparity) are very real issues, yet they have been creeping on us for decades. We all get the picture but not @We are different cult of personality and a base willing to share his delusions.

    We are different: Let’s be honest unless u already make your millions otherwise how many capable people are willing to sacrifice .And worst still if a minister salary can’t even pay his home mortgage I doubt not many people will be willing to join the government .
    And Singapore cannot fail once fail we were never come back .

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  • mandate not self gratification:

    ESM Goh Chok Tong made a Consitution error when out of envy of the MNC CEOs, he tabled the motion in Parliament asking that he n his Ministers should be paid equal if not more than the salary of top salary MNC CEOs. As the motion will be carried by simple majority. PAP has absolute power n Goh Chok Tong used this absolute power to pay himself and his ministers undisclosed millions with equally undisclosed bonus n benefits, in particularly medical benefits when Kawh as minister of health retorted Singaporeans voices on extremely high medical costs that he only paid $8 for his heart surgery plus first class ward n medication. In his mind, he was thinking what the hell Singaporeans r complaining about high n rising cost of medical treatment if he only paid $8. This significantly implied that as a minister of health he didn’t even know what a Singaporean would have to pay n his absolute nfi of his benefits. What else he knew about his job which he has sworn on the Holy Book of his faith! All the Ministers n MPs were sworn into their office by swearing on their individual holy book of each of their faith that they r to serve in the interests n benefits of the Citizenry regardless of which party they have vote and none about serving in the interests n benefits of themselves or their party. ESM Goh when asking for millions which is many times more than that of their counterparts in all other nations in the world including US, UK n the Continental nations, Canada, Australia, Japan, Taiwan n Koera. The proper Constitutional procedure would be to seek theapproval of the Citizenry via a National Referendum. What he has done is legally abuse of Power but Constitution guranteed independent public institution which should have censured but didn’t perhaps fearing LKY no nonsense declaration that anyone oppose him or his policies r his enemies n should be eradicated. Presumably that signified that polanpaism has successfully put in place.
    Whether ESM moved the exorbitant pay package demand was his personal idea of e ntitlement or on order from his party or senior leaders, citizens were not told. Now oerhaps ESM should clarified his unique n citizenry unforgetable motion in Parliament under absolute control of the Parliament by his party. If Chiam n/or Jeyaratnam were opposition members when he moved the motion did he/they apporoved the motion.

    Mandate offered by the citizens does not include self or party gratification or glorification? It is implied in the oath of office n distinctly stated in the Constitution.

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  • Rabble-rouser:

    @ Haigen-diaz:
    S’pore under the PAP is well behind the 21st Century technology curve. Too much political control had created a micromanagement attitude; causing tunnel vision, an attitude devoid of respecting the human endeavour & “out of the box” thinking.
    Renewable energies (low cost energy driven eco-structure) & the rise of 5th gen automation/robots (with embedded AI), electric cars with self drive technologies, etc. These will set apart the world of haves & haves-not because the early adopters of these technologies will reap the rewards; the people within enjoy a greater standard of living.
    Link: https://www.automatetheplanet.com/generations-test-automation-frameworks/
    I don’t see S’pore in that category, do you?

    Haigen-diaz: Two things are holding this country back. 1 – Lack of initiative and investment in developing our people and our capabilities, 2 – A culture of complacency and scapegoating, helping to prevent #1. China, the four Asian economic tigers, Germany, Japan, etc. to name a few are all investing in education/jobs training modernization for the 21st century and infrastructure modernization. In other words, they invest in developing their people, equipping them with capabilities, and fostering an environment so they can be highly productive contributors.

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  • Don't Join Politics for $$$$$!:

    Singaporeans do not need people to join politics with thee aim to make monie$$$$$ and become filthy rich!

    If they feel they can make more monies without joining politics, then please
    say so and reject the offer for public office.

    Look at our First Generation Leaders, none of them join politics to become rich!

    It is all about Service to Nation and not how much monies can be made out of joining politics!

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  • True facts:

    Pappies all overpaid million dollars ministers.

    Jialiabee.

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  • Haigen-diaz:

    @ Rabble-rouser
    If we’re truly to have an innovation agenda, then the PAP needs to pay more for real scientists and engineers and less for their so-called ‘political wizards’ who brought us this current meltdown. Why throw money at universities and ITEs to fund science, engineering and math educations? The bottom line is our industry must be able to justify more R&D and it is not the universities that pull; it is the job and career opportunity. The government has now been captured by the interests of capital accumulations and there does not seem to be anything on the horizon to change this. Our education system has failed to prepare individual responsibility and accountability in the global economy for self-sustainability; we no longer sure what the absolutes and objective moral norms are in our society. The technological and logistical utilization for categorizing a Singaporean worker is already a concern. Self-checkouts, artificial intelligence, seamless information exchanges, self-driving cars, and robotic arm manufacturing will challenge the role of employees in the workforce in the next 5 years, and structural unemployment could potentially balloon in the next decade. Gen Y and the Millennials are bristling with new ideas, new ways of looking at old problems, and will lead to a regeneration of the innovation. It is premature to discuss about the pace of change without understanding where the change agents are, and the kids who are today between ten and twenty five years old are powerful change agents. They talk about “changing the world”; they are at the root of grass roots movements. They have put flesh on the bones of “social entrepreneurship”, and while they accuse Baby Boomers of “ruining their futures” with our useless and corrupt political system, our run amok commercialism, and our blind environmental policies, they are convinced they have the intelligence and commitment to turn things around. Why does everything have to get faster and faster with the increasingly disruptive change that comes with it? Our technological inventions mean much more than how much wealth is created. It defines who we are as humans and what we care about.

    Rabble-rouser:
    @ Haigen-diaz:
    S’pore under the PAP is well behind the 21st Century technology curve. Too much political control had created a micromanagement attitude; causing tunnel vision, an attitude devoid of respecting the human endeavour & “out of the box” thinking.
    Renewable energies (low cost energy driven eco-structure) & the rise of 5th gen automation/robots (with embedded AI), electric cars with self drive technologies, etc.
    I don’t see S’pore in that…

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  • We are different:

    Ah Peng Kia
    ////There are myths in your reasoning. Here’s reality:
    1. No economy in the world is on auto-pilot, not just Singapore. Even a country rich in natural resources need the right policies, investments and innovation to capitalize on their “natural resources”. All countries have some natural resources. Singapore’s is its people, its geographical location, its constant climate, albeit hot, and its cocooned position that protects it from natural disasters like hurricanes, earthquakes and volcanoes.
    2. No Ministers have proven they can net a multi-million dollar job on their own merit. Additionally, no job would pay that much that has no real-impact KPIs and no accountability.
    3. If hundreds of thousands of Singaporeans are paying their mortgage on less than $10k salary a month, why can’t a Minister pay his? Poor financial planning or poor budgeting? Would you trust your child’s future to such a government?
    4. Every first world country has changed political hands numerous times without falling over. Even something as big as Brexit and Trump will not wipe out UK and USA. If the current political party can’t make things work, the country’s people will simply vote them out and bring in the next government that could.////

    I don’t know are you old enough to know that Toa Payoh,Sembawang ,Punggol and many places are farms.
    At that times not many factories around no financial centre and many other ….Jobs are difficult to find even you offer your self 50cents an hour also can’t find employer only way is go dig dustbin to find empty bottles to sell to the Karung Guni man.
    Today even if your parents can’t afford give you pocket money ,you just need to find a part time job and you can afford to enjoy a bowl of abalone noodle.
    What we are today doesn’t happen by chance.We need the most able people with vision to make this place work.
    And what we are today can disappear overnight .When we have bad leader who can’t manage and grow our economy and start dipping into our national reserve and once our reserve is depleted and our dollar were to depreciate to one ringgit.
    All the foreigner will leave many business will disappear .That will the end of Singapore success storey. Over 90% of our daily necessities is imported .The recent plunge in Argentina and Turkey currencies if happen to our dollar you imagine the consequences .That why we need very capable people to keep Singapore going.
    We are lucky to have a government finding ways and mean to make this place work.We are lucky to have our voters keep endorsing the good system we have.Hopefully you are one of them.

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  • We are different:

    Oxygen

    ////HAVE REBUTTED YOUR FICTIONS REPEATEDLY IN TRE but it is clear that you are addicted to falsity and spreading of disinformation. Show us the list of 200 banks operating in LEE-jiapore. You always claims these banks have assets of USD 2 trillion BUT REFUSED TO SUPPLY SUBSTANTIATION OF THIS DISINFORMATION. I have also explained why bank “assets” (whatever the qty) is also EXACTLY ITS LIABILITY. Banks don’t print money. Their deposits is debt owing to the customers. If ever banks here own assets of USD$2,000 trillion, IT IS ALSO OWING EXACTLY THE SAME AMOUNT TO ITS CUSTOMERS.
    SO YOU ARE FARTING NONSENSE HERE YET AGAIN – your usual. Are you paid 50c for this post disinformation of fake news? Or given the low quality of bullsh*ttingm,

    http://www.mas.gov.sg/Singapore-Financial-Centre/Overview/Asian-Dollar-Market.aspx

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  • We are different:

    See things getting better
    //////
    so do you see things getting better ? or getting better mostly for the white idiots and gang ? or prices start to increase like water, electricty, etc, etc. or more moving parts in the system, more costs to to build & maintain./////

    Are you residing in the middle of our Mandai jungle ?
    Come out and look at our clean and green surrounding ,cover walk way ,well prune trees…
    Mercedes,BMW,Jaguars are common sight on our road we even can see this expensive cars in our HDB car Parks .
    Almost all S’porean can afford to go oversea holidays.
    Long Q famous restaurants.Evening time we can see uncles enjoying beer at Coffeeshops.
    So economy must grow we must have jobs and business opportunities in order to spend.

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  • We are different:

    All from gooling lar
    ////What is the annual salary of Janet Yellen?
    According to Reuters, which obtained data on the Federal Reserve’s salary structure from a Freedom of Information Act request, Yellen is paid less than at least 113 other Federal Reserve employees. She earns $201,700 a year, compared to the Fed’s highest paid employee, Inspector General Mark Bialek, who makes $312,000.Oct 17, 2014
    Janet Yellen Makes Less Than Over 100 Other Fed Staffers | Money
    time.com/money/3516794/janet-yellen-salary-fed-staffers/
    Search for: What is the annual salary of Janet Yellen?
    How much money does the federal reserve chairman make?
    Congress is in charge of setting the salary for the Chairman of the Federal Reserve. The current annual income is $201,700.Jan 31, 2017 : unquote
    sinkies are too brainwashed by the white idiots until they have ziltz sense of proportion for what it entails to serve the public.
    if one has good talent and need to think of good pay cheque when serving the public, then better stay in the private sector and/////

    If we are like USA I wouldn’t be here arguing .
    USA they have their MNCs they are self sufficient in foods.
    Here we are worrying where our next meal will come from.

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  • oxygen:

    @ We aree different

    THANK YOU VERY MUCH FOR YOUR WEBLINK supplied for my information. What does that prove? Nothing, the $2 trillion of bank assets is also EXACTLY BANK RISKS EXPOSURES. You see, when the bank lends out $100 in total to all its customers even if its capital is only $10 only (its equity in fact), just enough borrowers default on $20, IT GOES BUST (bankruptcy!!).

    Like I said always, Asset – Liabilities = Equity. For banks, it is LENDING EXPOSURE (asset) – Deposit (liabilities to its customers) = equity. If liabilities don’t change and asset shrinks (borrowers’ defaults), the bank’s equity vaporize.

    Don’t you know now that banks have huge exposures to derivatives financing? If they got hit in mkt meltdown and forced to recall property,business and interbank loans, we will be in real trouble – snowballing cannonballising impact.

    Since the GFC, banks have shrink their physical sizes but increase their lending. Global leverage debt financing have never reach this astronomical height and the balloon is about to burst. So you never judge positively solely by reason of the scale of its risks exposure (lending) but by the negative risks of a meltdown. And this $2 trillion is NOT the asset solely of the 200 banks in Singapore. It could include the assets of 200 banks elsewhere as well. How I know?

    Two largests regional bank the SEA regions are DBS/HSBC, is their balance sheet that big? Go and check their financial statements!!

    In simple analogy, a man is not rich because he stays in a big house or drives an expensive car – both the house and the car could be bank-financed!

    We are different: Oxygen ////HAVE REBUTTED YOUR FICTIONS REPEATEDLY IN TRE but it is clear that you are addicted to falsity and spreading of disinformation. Show us the list of 200 banks operating in LEE-jiapore. You always claims these banks have assets of USD 2 trillion BUT REFUSED TO SUPPLY SUBSTANTIATION OF THIS DISINFORMATION. I have also explained why bank “assets” (whatever the qty) is also EXACTLY ITS LIABILITY. Banks don’t print money. Their deposits is debt owing to the customers. If ever banks here own assets of USD$2,000 trillion, IT IS ALSO OWING EXACTLY THE SAME AMOUNT TO ITS CUSTOMERS.
    SO YOU ARE FARTING NONSENSE HERE YET AGAIN – your usual. Are you paid 50c for this post disinformation of fake news? Or given the low quality of bullsh*ttingm,

    http://www.mas.gov.sg/Singapore-Financial-Centre/Overview/Asian-Dollar-Market.aspx

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  • Python 5:

    HarderTruths:
    Is this the same 70% who vote for the same clowns?

    you stole those words right out of my mouth.

    Must be the same stupid 70% seeing their property prices slide downhill and losing their jobs to FTs.

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  • Python 5:

    “Are Ministers of so bad quality that we need Chan Chun Sing as the next PM? Can you imagine how bad Singapore will look on the World Map when a boy scout like him shake hands with a strongman like Mahathir or Duterte?”

    you imagine a buck-tooth monkey hokkien-beng paper general from SAF shaking hands with Trump or Putin or Netanyahu or XJP.

    from pondan PM to a primate PM.

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  • oxygen:

    @ We are different

    MATE, YOUR TERMS OF REFERENCE IS OUT OF TOUCH WITH REALITY. Mercedes, BMW and Jaguars on our road? If you bring in rich PRCs and given the congestion of space and roads in LEE-jiapore, the visibility escalates. You see the same illusion of local peasants’ wealth in property sales, the most expensive ones are packed by rich Chinese, Malaysian and Indonesian buyers! My PRC lady friend bought landed property in Sydney by mobile phone bidding through her rep in Sydney – SHE PAID CASH, NO MORTGAGE – how to match her of Sydneysiders working class?

    We are different: Mercedes,BMW,Jaguars are common sight on our road we even can see this expensive cars in our HDB car Parks .
    Almost all S’porean can afford to go oversea holidays.
    Long Q famous restaurants.Evening time we can see uncles enjoying beer at Coffeeshops.
    So economy must grow we must have jobs and business opportunities in order to spend.

    And long Qs in famous restaurants and uncles enjoying beer….must have jobs and business opportunities…..blah blah blah. These anecdotal evidences are MISLEADING SAMPLE – just like property showflats launch and expensive cars on the road.

    First old uncles beer guzzling is not because they got jobs in coffee shops (they are retired!!), some still got residual business from younger days. Nothing usual. How many coffee shops are there relative to old uncles in aging demographic? If 2 people out of 10,000 drinks beer in coffee shops, it is not wealthy society because IT IS REALLY 2 PERSONS OUT OF 9,998 (invisible). It is not show of wealth. I seen through 1987 crash in LEE-jiapore, YOU SEE THE REAL THING THEN. Lau Pa Sat has more hawkers than customers at lunch time. Young people (my age then) of working adults age beg from walking by (myself) for money, telling me no money for lunch along Shenton way – not every day of course, but sometimes happened, I remember. Punggol landed properties taken over by mobile discos for parties on weekend – I went to one. THIS IS THE REAL WORLD – you have no such experience I guess reading from your perspective in writing here.

    The street in Shenton way is sombre at lunch time. I am telling you this reality – if coffee shops are deserted, WE ARE NEAR FINISHED or already finished because the minimum is 0.001% CAN AFFORD TO EAT IN COFFEE SHOPS and restaurants – no matter what. And there is always 10% very rich – they can spend in recession BUT THAT 10% IS NOT PROOF OF A BUSTLING ECONOMY of “jobs and business opportunities”

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  • oxygen:

    @ We are different

    YET ANOTHER BLINDSPOT OF DECEIVED BY PAPpys propaganda. USA got MNC, so no worry???

    Japan and South Korea and Australia too, who says there are not a lot of poor people in each of this countries? In USA, university education outstanding loans is the second biggest household debt after mortgage, some couldn’t get to stage of downpayment for a flat struggling to pay off their student’s loan. Japanese young working adults shared in crowded accommodation making low wages trying to find sustainable survival. Australia is rich in natural resources, self-sufficient in food but manufacturing wiped out in last 4 decades and Chinese buyers drive housing beyond their reach. Step out to the world and discover the real thing, mate. I was in China, the rich has multiple properties, eat in expensive restaurants but when you get into the village rural, you see homeless people living in former pig-sty. In South Korea, elderly women in prostitution – see and touch for a few dollars – their children either unable to help and ditched them.

    LEE-jiapore is heading the same way as this decay. That is why I am so worried. The last 15 years wasted on FIX the opposition (and still doing) and buy supporters votes with asset enhancement scam of asset bubbles instead of focusing on the economy. In 2015 tells us the economy maxed out, 2016 tells us restructuring failed, so much more pain to come. Tharman calls population recycling economic agenda – BOTH POLITICALLY AND ECONOMICALLY STUPID. Damned right!

    Mate, your assertion that “we are different” IS SPOT ON – 100% – IT MEANS EXACTLY THE REST OF THE WORLD IS DIFFERENT FROM US. Since the rest of the world – in your mind is different – HOW DOES THAT MAKE US UNIQUE of your strange blind self-delusion? I don’t understand. If I am different from you – most definitely given my different life experiences outside LEE-jiapore – how can you be the same UNLESS YOU LIVE THE SAME TRAVEL, WORKING AND BUSINESS EXPERIENCES in decades if (assuming) you have never ventured out to discover a life of your own choices?

    IF YOU TELL ME LEE-JIAPORE IS DIFFERENT, IT MEANS – to me – you DECEIVED yourself of your own ignorance and brainwashing. Have you physically touched a small piece of native rock with gold mineralisation from exploration drilling? I have, and nothing unique there.

    We are different: If we are like USA I wouldn’t be here arguing .
    USA they have their MNCs they are self sufficient in foods.
    Here we are worrying where our next meal will come from.

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  • "We" refer to PAP or PPL??:

    We are different:

    All the foreigner will leave many business will disappear .That will the end of Singapore success storey.

    We are lucky to have a government finding ways and mean to make this place work.We are lucky to have our voters keep endorsing the good system we have.

    Hopefully you are one of them.

    After 50+ years still relying on foreigners for a “Singapore success storey”? Still need million$ salary to do just that?

    “We are lucky” – again “We” refers to the ordinary people of Singapore???

    Very sure you are desperately trying not to be one.

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  • "We" refer to PAP or PPL??:

    When someone doubt the “official lines”, you use the “official websites” to rebut the rebuttal of “official lines”?

    Shouldn’t your boss pay a bit more for a bit better post?

    We are different:
    Oxygen

    ////HAVE REBUTTED YOUR FICTIONS REPEATEDLY IN TRE but it is clear that you are addicted to falsity and spreading of disinformation. Show us the list of 200 banks operating in LEE-jiapore. You always claims these banks have assets of USD 2 trillion BUT REFUSED TO SUPPLY SUBSTANTIATION OF THIS DISINFORMATION. I have also explained why bank “assets” (whatever the qty) is also EXACTLY ITS LIABILITY. Banks don’t print money. Their deposits is debt owing to the customers. If ever banks here own assets of USD$2,000 trillion, IT IS ALSO OWING EXACTLY THE SAME AMOUNT TO ITS CUSTOMERS.
    SO YOU ARE FARTING NONSENSE HERE YET AGAIN – your usual. Are you paid 50c for this post disinformation of fake news? Or given the low quality of bullsh*ttingm,

    http://www.mas.gov.sg/Singapore-Financial-Centre/Overview/Asian-Dollar-Market.aspx

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  • "We" refer to PAP or PPL??:

    We are different:

    Mercedes,BMW,Jaguars are common sight on our road we even can see this expensive cars in our HDB car Parks .

    Almost all S’porean can afford to go oversea holidays.

    Long Q famous restaurants.Evening time we can see uncles enjoying beer at Coffeeshops.

    So economy must grow we must have jobs and business opportunities in order to spend.

    “We” = Ordinary Singapore ?????

    No “cosy’ MRT that often give you a ‘break’ before rushing to work or going home ?

    No ‘all you can (have to) eat’ $2 chicken rice?

    No ‘holidaying’ in the public park or HDB void deck?

    No ‘exercise’ with cardboard?

    No tissue paper ‘service providers’ in hawker centre?

    No hunchback grandfather and grandmother ‘happy’ to work because they are ‘bored’ at home?

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  • "We" refer to PAP or PPL??:

    We are different:

    If we are like USA I wouldn’t be here arguing .
    USA they have their MNCs they are self sufficient in foods.
    Here we are worrying where our next meal will come from.

    If WE are like USA, the “we” will be voted out, long time ago.

    If WE are like USA, WE will have our own corp of Singaporean MNCs, long time ago.

    If WE are like USA, we will be self confident if not self sufficient, long time ago.

    Because no one yet able to answer the question – “”we” refer to PAP or PPL??” – Here (the bigger) WE are worrying where our next meal will come from.

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  • that's why got trump:

    //Are you residing in the middle of our Mandai jungle ?
    Come out and look at our clean and green surrounding ,cover walk way ,well prune trees…
    Mercedes,BMW,Jaguars are common sight on our road we even can see this expensive cars in our HDB car Parks .
    Almost all S’porean can afford to go oversea holidays.
    Long Q famous restaurants.Evening time we can see uncles enjoying beer at Coffeeshops.
    So economy must grow we must have jobs and business opportunities in order to spend.//

    aiyoh. can see lar. that’s why got trump, brexit; and the far right is making in road in europe. you mean white idiots can see things better than the ang mo. when your country is so congested and crowded, you will see many people in kopi shops and in whatever space they need to take a breather lar. what you don’t get to see there are many many more in their own homes lar who have to scrimp lar.

    clean and green ? more buildings built so close to roads where you get to smell more exhaust from more cars ? more tall buildings built close together but with smaller expensive units where air can be “trapped” offering bad air circulation from all sorts of smell (even from noise from constant “upgrading”) ? you mean green where big fields of green is being slaughtered to build units huh.

    jobs and business opportunities for whom ? economy grow does not mean your personal economy grow and does not mean the jobs go to sinkies lar.

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  • self sufficient in foods:

    //If we are like USA I wouldn’t be here arguing .
    USA they have their MNCs they are self sufficient in foods.
    Here we are worrying where our next meal will come from.//

    aiyoh. how come the pay of banker and our our ministar has now being diverted to being self sufficient in foods. plenty of useless smoke hor ?

    you mean with more people (6.9m or 10m), we will become more sufficient in food and water; or rationally it will be more imposing to provide for the need of more people (especially water which has been increased by 30%). you mean increase in price (especially such important basic as water) is more self-sufficient for people.

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  • australia or austria:

    //Almost all S’porean can afford to go oversea holidays.//

    i agree totally. depending on how the statistics dept define overseas holidays lor (more reliability for more breakdowns). overseas holidays can also mean = to jb (to get cheaper groceries lor) and batam (well, cannot afford australia or austria lar).

    like that, a lot more of our neighbours (from countries which sinkies would term as lesser developed than sinkie land) can lagi more travel to sinkie land for both work and holidays lor (best of both worlds) lor.

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  • one sterling historian:

    //We are lucky to have a government finding ways and mean to make this place work.We are lucky to have our voters keep endorsing the good system we have.Hopefully you are one of them.//

    hahahaha. you mean selected = elected, 4 = 5 and a unashamed ownwelf-check-ownwself “declaration”.

    voters got many choices meh ? or many good alternative choices are being ‘fixed’ (some white idiot did mention the word ‘fixed’ hor) with help of our proudly and highly ranked 154th media to do the ‘story telling’.

    did not you see how the credential of one sterling historian is being questioned to such an wayang extent ? good system can be so good until you have close to 90% of parliatmantary seats ?

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  • Rabble-rouser:

    @ Haigen-diaz:
    Arrogance, A Monopoly over wisdom & knowledge & basically Egotistical attitudes of the PAP hierachy. PAP’s equation of relentless capital accumulation isn’t matched by shrewd investing nor fruitful husbanding of scarce capital resources. It is a ZERO-SUM game as the accumulated capital was wasted from PAP’s poor investment nous over time.
    Temasek Holdings already went through (decimated) the accumulated “Blood, Sweat & Tears” aka CPF & burned up Govt accumulated surpluses. They are now borrowing from capital markets using S’pore’s sovereign AAA ratings. The joke is that the management are paying themselves outsized performance bonuses yet the financial data are kept under wraps citing the Secrecy Act.
    PAP egotistical attitudes & arrogance had failed them. Renewable energy is stymied because land cost in S’pore is so expensive. Water bodies from capturing & diverting rainfall is also stymied by the same factors. Same goes for a degree of food self sufficiency – high land costs. And against sustainability, PAP is adopting a senseless population growth policy (to support & rent-seek their land holdings) at a time when resources are declining & supply constraints forming – as prices are rising! The PAP are reaping their own wealth now ignoring the technology investments that would increase the wealth of the nation. That is the selfish attitudes of PAP ministers.

    Haigen-diaz: The government has now been captured by the interests of capital accumulations and there does not seem to be anything on the horizon to change this. … Our technological inventions mean much more than how much wealth is created.

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  • Rabble-rouser:

    @ Haigen-diaz:
    Bro, PAP had been overspending about SG$25 billion through a high mismatch between profligate govt expenditures & stagnant tax collections. Highly unsustainable mechanism of govt!
    Link: http://STR.com/2018/09/26/iras-report-singapore-running-into-s25-billion-tax-deficit/
    And “Tax collection for the year is only able to fund 66.2% of the government spending, and this has been falling steadily since FY2009/10’s 75.5%”. Isn’t the PAP’s GDP growth-at-all-cost policy shifting into using debt to create short-term gains for long-term pains down the road.
    How would they continually fund this shortfall? Increasingly debt? When interest rates are rising?

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  • Haigen-diaz:

    @ Rabble-rouser
    Bro, your nuanced assessment is correct, the true basis of our economic catastrophe here is, the undermining of compassion, fair play, in favor of outrageous greed, viciousness, and avarice in high places. It is not difficult to spot a broad category, i.e. deficit/debt. The present system has allowed a small percent of society, the very rich elites, to segregate funds into “isolated vaults” and out of the mainstream, causing “loss of liquidity”. The PAP’s egregious fiscal management, increasing spending simultaneously ultimately leaving an unprecedented astronomical deficit, demonstrates not only irrationality but malevolence and evil; and, lastly, “deficit” burden our future generations. The present crisis is fundamentally about MISALLOCATION of resources. The funds to purchase the products is missing. In summary, the current build-up of debt in our society is among the biggest gambles we have ever taken. The idea that PAP have always been the party of fiscal responsibility is one of the nation’s most enduring myth.

    Rabble-rouser:
    @ Haigen-diaz:
    Bro, PAP had been overspending about SG$25 billion through a high mismatch between profligate govt expenditures & stagnant tax collections. Highly unsustainable mechanism of govt!
    Link: http://STR.com/2018/09/26/iras-report-singapore-running-into-s25-billion-tax-deficit/
    And “Tax collection for the year is only able to fund 66.2% of the government spending, and this has been falling steadily since FY2009/10’s 75.5%”. Isn’t the PAP’s GDP growth-at-all-cost policy shifting into using debt to create short-term gains for long-term pains down the road.
    How would they continually fund this shortfall? Increasingly debt? When interest rates are rising?

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  • We are different:

    Refer to PAP or ppl ??
    /////After 50+ years still relying on foreigners for a “Singapore success storey”? Still need million$ salary to do just that?
    “We are lucky” – again “We” refers to the ordinary people of Singapore???
    Very sure you are desper/////
    Self sufficient in food
    /////you mean with more people (6.9m or 10m), we will become more sufficient in food and water; or rationally it will be more imposing to provide for the need of more people (especially water which has been increased by 30%). you mean increase in price ////

    S’pore citizen is 3.4 millions.1million is baby boomer.Those born in 1946 to 1964,those who are born in 1946 to 1953 already 65 years and above many have retired.Our birth is around 1.3.
    So if the population did not increase , many business will closed shops and relocate cause not enough manpower .
    And there will be less jobs ,less jobs choices and business opportunities for the younger generation .

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  • We are different:

    australia or austria
    /////i agree totally. depending on how the statistics dept define overseas holidays lor (more reliability for more breakdowns). overseas holidays can also mean = to jb (to get cheaper groceries lor) and batam (well, cannot afford australia or austria lar).
    like that, a lot more of our neighbours (from countries which sinkies would term as lesser developed than sinkie land) can lagi more travel to sinkie land for both work and holidays lor (best of bot////

    https://www.google.com.sg/search?q=singaporean+8.05+million+trips+oversea&ie=UTF-8&oe=UTF-8&hl=en-sg&client=safari
    This is 2013 news
    Sporen overseas by air and by sea

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  • We are different:

    Oxygen
    //////FOR YOUR WEBLINK supplied for my information. What does that prove? Nothing, the $2 trillion of bank assets is also EXACTLY BANK RISKS EXPOSURES. You see, when the bank lends out $100 in total to all its customers even if its capital is only $10 only (its equity in fact), just enough borrowers default on $20, IT GOES BUST (bankruptcy!!).
    Like I said always, Asset – Liabilities = Equity. For banks, it is LENDING EXPOSURE (asset) – Deposit (liabilities to its customers) = equity. If liabilities don’t change and asset shrinks (borrowers’ defaults), the bank’s equity vaporize.
    Don’t you know now that banks have huge exposures to derivatives financing? If they got hit in mkt meltdown and forced to recall property,business and interbank loans, we will be in real trouble – snowballing cannonballising impact.
    Since the GFC, banks have shrink their physical sizes but increase their lending. Global leverage debt financing have never reach this astronomical height and the balloon is about to burst. So you never judge positively solely by reason of the scale of its risks exposure (lending) but by the negative risks of a meltdown. And this $2 trillion is NOT the asset solely of the 200 banks in Singapore. It could include the assets of 200 banks elsewhere as well. How I know?
    Two largests regional bank the SEA regions are DBS/HSBC, is their balance sheet that big? Go and check their financial statements!!
    In simple analogy, a man is not rich because he stays in a big house or drives an expensive car – both the house and the car could be bank-financed!////

    But there JOBS for S’porean and are good jobs

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  • oxygen:

    @ We are different

    MATE, YOUR BASIS AND ORIGINAL THESIS that LEE-jiapore is different has been SHATTERED – not just by me but also by others. You declined to refute my demolition of your falsehoods and silly irrationality/ But that didn’t stopped you from shifting your stance to another APPOSITE corner of stupidity logic below.

    We are different: But there JOBS for S’porean and are good jobs

    You mean that you suddenly and belated discovered that (in your words)…there JOBS for Sporean and are good jobs…(AN ASSERTION MADE WITHOUT SUBSTANTIATION)??

    Do you imply that there are JOBS AND GOOD JOBS created in China, USA, Japan, South Korea, Australia etc etc of my mention and by implied default of your silent insinuation….Singapore is DIFFERENT again?

    And by silent implied of that, LEE-jiapore PAPpy ministers deserve the ownself-cheque-ownself paycheck of their own choosing beyond stratospheric height on PUBLIC WELFARE and still complaining not enough?

    POPPYCOCK!!

    THEY SCREWED UP THE ECONOMY – Present Tense confessed as much in 2015 telling Sinkies our economy MAXED OUT, in 2016 telling peasants RESTRUCTURING FAILED (so more pains ahead) and in 2017, Tharman told India in New Dehli that our population recycling economics of relying on permanent influx of cheap foreign labor is both POLITICALLY AND ECONOMICALLY STUPID.

    @ We are different, so do we pay failures, incompetence and stupidity MUCH HIGHER IN ASTRONOMICAL MULTIPLES THAN COMPETENT GOVERNANCE ELSEWHERE THAT DELIVERS PERFORMANCE?

    NO WONDER ARE DIFFERENT, VOTERS LIKE YOURSELF IS STUPID – TOO STUPID TO EVEN BEGIN TO DISCOVER YOU ARE STUPID TO IMPOSSIBILITY.

    Am I wrong?

    Or more likely, I surmise here, is a proverbial toad – you have never stepped out of the world to discover HOW BIG AND DIFFERENT the rest of the achieving world is. And if you venture out, you won’t survive for a few weeks, totally blind to what is happening around you, blind to both evolving threats and opportunities.

    You did rather be a fish swimming inside a tank and fed daily by the pet owner, PAPpys – sure to die when the feeding stops or the water becomes dirty by your own waste excretion over time.

    It is okay for you of this existence for now.

    WHAT ABOUT THE COUNTRY IF ALL HAS YOUR SAME DEPENDENCY MINDSET AND IMPRISONED STATUS QUO incapable and fearful of change when the country is falling apart which the “pet owner” (PAPpys) also knows.

    Remember Lim Hn Kiang, Minister of Trade and Industry said publicly – WE CAN’T PAY 3 RD WORLD WAGES IN A 1ST World economy.

    WAKE UP, YOU FOOL!

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  • oxygen:

    @ We are different

    Oops sorry, typo error there, the paragraph below

    oxygen: Do you imply that there are JOBS AND GOOD JOBS created in China, USA, Japan, South Korea, Australia etc etc of my mention and by implied default of your silent insinuation….Singapore is DIFFERENT again?

    should be read as

    oxygen: Do you imply that there are NO JOBS AND GOOD JOBS created in China, USA, Japan, South Korea, Australia etc etc of my mention and by implied default of your silent insinuation….Singapore is DIFFERENT again?

    YOU ARE HALLUCINATING NONSENSE YET AGAIN!

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  • "we" refer to PAP or ppl ??:

    so this “increased population” wont’ retire ? wont’ grow old ?

    Bringing in 3rd world foreigners to prevent existing business from closing or relocating, not creating businesses that create future jobs, then where will our younger generation get their jobs?

    Is that not the same shortsighted-ness, the same clueless-ness, albeit paid million$$, for the past 20-30 years that got us to the sad situation today?

    We are different:

    S’pore citizen is 3.4 millions.1million is baby boomer.Those born in 1946 to 1964,those who are born in 1946 to 1953 already 65 years and above many have retired.Our birth is around 1.3.

    So if the population did not increase , many business will closed shops and relocate cause not enough manpower.

    And there will be less jobs ,less jobs choices and business opportunities for the younger generation .

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  • good for business meh:

    //S’pore citizen is 3.4 millions.1million is baby boomer.Those born in 1946 to 1964,those who are born in 1946 to 1953 already 65 years and above many have retired.Our birth is around 1.3.
    So if the population did not increase , many business will closed shops and relocate cause not enough manpower .//

    everyone population level will have their own equilibrium lah. both good and bad lar and as long as the overall positive outweighs the negative for the majority TRUE-BLUE sinkies hor, ok lar.

    but in sinkie land context, we are trying to squeeze a bigger 6.9 or 10m open-leg policy in a sardine can lar – having a rent-seeking environment where you see cost going up (e.g somehow the white idiots play a big part lar) – how to be competitive, good for business meh ?

    . you can’t see meh. are you in the true private sector or pseudo private sector relying on white idoitic projects or garment service drawing salary from taxpayers where medical may even be paid for.

    aiyoh, generally advanced nations will have a TFR < 2.1 (replacement rate lar). why ? high cost matured market lar plus dual income family (why give more births if you are not there to be with them and second the function to a maid). advanced nations (educated workforce) also know that businesses tend to exploit (aka screw) them lar – if not in addition to the 'screwing' (aka wayang) by garment policies.

    and if you keep adding population artificially now, don't say lar the same problem will not exist in the future (if the environment is still not conducive for giving births as high cost base in our context would have been built into the system) ?

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  • keep the smoke alive:

    //This is 2013 news
    Sporen overseas by air and by sea//

    aiyoh. it is still be applicable lar till today lar.

    that’s why nowadays hor low salary workers will need help from workfare hor to travel by air and by sea hor. and you need PI-NEAR or MERDICAR generation package to keep the fire (aka smoke) alive hor.

    last time, in the 1970s to 2100s, need no workfare lar.

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  • keep the smoke alive:

    //https://www.google.com.sg/search?q=singaporean+8.05+million+trips+oversea&ie=UTF-8&oe=UTF-8&hl=en-sg&client=safari//

    i thought what link ? 154th ownself-check-ownself standard where 4 = 5 and selected = elected. better read it with a container load of pure salt lar.

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  • do well-to-do businessmen:

    //Our birth is around 1.3.
    So if the population did not increase , many business will closed shops and relocate cause not enough manpower .//

    so do well-to-do businessmen or businesswomen or multi-millionaire white idiots do their part by having more than 2 children ? since they are the ones clamouring for more liberal labour policies & population increase, and they should set better example.

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  • We are different:

    Keep the smoke alive
    ////
    i thought what link ? 154th ownself-check-ownself standard where 4 = 5 and selected = elected. better read it with a container load of pure salt lar.///:

    The figure is from NATAS
    You call NATAS 154 ?

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  • We are different:

    “We” refer to PAP or ppl ?
    /////Bringing in 3rd world foreigners to prevent existing business from closing or relocating, not creating businesses that create future jobs, then where will our younger generation get their jobs?////:

    If don’t bring in the foreign workers to do the unskilled jobs,then you want our Nitec ,Diploma or Uni graduate to be bus driver,construction worker,lorry driver…..
    If business is unable to find skilled workers definitely they will leave.

    Not creating future jobs ?
    Just look at the last 50 over years from entrepôt trading garment manufacturing to today advance economy.If we are unable to adapt to changes and make ourself relevant we have failed long ago.

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  • “We” refer to PAP or ppl?:

    You talking cock, is it not?

    We are different:

    If business is unable to find skilled workers definitely they will leave.

    Not creating future jobs ?
    Just look at the last 50 over years from entrepôt trading garment manufacturing to today advance economy.If we are unable to adapt to changes and make ourself relevant we have failed long ago.

    Biz can’t find skill workers in SG? yet can find in neighbouring 3rd world countries? where their universities CAN’T EVEN BE RANKED?

    Skill in what?

    If Singapore able to adapt for the past 50 years from entreport trade to today advance economy, now suddenly must rely on people from 3rd world countries?

    If after 50 years Singaporean are not “relevant” yet people from neighbouring 3rd world countries, those who can’t even get their home countries up to be one of the 4 Asian Dragons, now can become relevant?

    Relevant in what?

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  • yes sinkies no degree better:

    No one owe SIn a living this is what lky said to Singaporeans when he sobbed becos Tunku hated his over ambition towards self glorification. Fortinately for LKY Singaporeans rose to make Singapore what it is today n this also attract the foreign investment. Not lky or pap policy. It is the strength n working n social attitude of Singapore. This explode the evil of self glorification in pap n its growing hear of parasitic polanpa each destroying its own professionalism, dignity, integrity human value. Good, dedicated, dignified professional will not stooped to plpism. But papunder lky destroyed all these virtue n as his second son suddenly realize when sich plp culture started to adversely affected him n his family n sister, he came up with his timely assessment with claimed substantial evidence which made the decree being broken by the very person codeclared it n instead wayanging with self declaration of not guilty. Nevertheless the sibling has to run for safety n self exiled with his son taken safety cover as an academic in an institution lky has often referred proudly.
    Yes we r different? But this difference has been grossly takenadvantage by self declared greeds, hunger n bestial disposition. Singaporeans have to rise again but this time is not separation from a unwelcomed alliance but to boot out the ingrates n evil opportunusts. The derogatory remarks of daft citizenry needing import of hungry, greedy n bestial foreigners n not upright professional with dignity n integrity so that with such bestiality they could do what the nepotic shits has said publicly to kicj the asres of the daft Singaporeans, couple with the derogatory public remarks of scumbags with voices of Singaporeans are to the shit noixes of environment, the anger of netizens n their comments in sociopolitical websites on the insults of Brit shithead Casey n his infant on Singapore public commuters met with the papic trait*r millionaires derogatory remark of lynchers. Some netizens referred to the Indian Chinese trait*r that if she has been walking in the street of Toronto, she may know what is a lyncher n she may not be too happy with the memory.
    Yes we r different. A govt which does not place the citizenry interests n benefits before all else is not a govt any country expect to have, What is the point of all the claim of the economic index when the citizenry find their standard of living is slipping downwards significantly while the billionaires self gratified ministers r boasting about those index while hoping to become instant billionaires n possibly trillionaires. Isn’t this what greed is advised? No degree call to Singaporeans youth is a deliberate evil to bring down citizenry to slavery in their own homeland. Seat warming is despicable n acts of a trait*r…

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  • oxygen:

    @ We are different

    WE NEED SO MANY CONSTRUCTION WORKERS, bus and lorry drivers only because we are heavy in the DUMB ECONOMY of endless island-wide construction of artifial beauties. Take out the construction, the only advance economy we can boast of is the casinos.

    We are different: If don’t bring in the foreign workers to do the unskilled jobs,then you want our Nitec ,Diploma or Uni graduate to be bus driver,construction worker,lorry driver…..
    If business is unable to find skilled workers definitely they will leave.

    So you call this adaptive advance economy?

    We are different: Not creating future jobs ?
    Just look at the last 50 over years from entrepôt trading garment manufacturing to today advance economy.If we are unable to adapt to changes and make ourself relevant we have failed long ago.

    Orchard Road – our tourism icon – is now red light district at night and in the day time HDB heartland is filled with foreign talent selling sex. Look at SME manufacturing listed on the SGX, how many is prospering in the last 10 years – forget the near death marine sector.

    I giddy, lah seeing how warped your sense of reality and hallucination travel to fantasy in economics. Tharman call LEE-jiapore economy reliance on foreign labor influx as both politically and economically stupid. And in that did we construct a new DOMESTIC economic pillar over the last 15 years?

    Yes, 15 years of failure and no achievement – Present Tense told the nation in 2015, our economy has MAXED OUT. What a pitiful self-reflection of lousy economic management.

    If the contrary is true, please share with specific example.

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  • We are different:

    “We” refer to PAP or ppl ?
    /////If Singapore able to adapt for the past 50 years from entreport trade to today advance economy, now suddenly must rely on people from 3rd world countries?
    If after 50 years Singaporean are not “relevant” yet people from neighbouring 3rd world countries, those who can’t even get their home countries up to be one of the 4 Asian Dragons, now can become relevant?///

    If don’t bring in the foreign workers to do the unskilled jobs,then you want our Nitec ,Diploma or Uni graduate to be bus driver,construction worker,lorry driver…..
    If business is unable to find skilled workers definitely they will leave.
    I think you miss my point to be more precise .See the above article.
    Relevant in what ?
    Example
    Our port is connected to 120 countries 600ports .
    This connectivity make us relevant to the user and not only the port,our airport , Jurong Island and many others ……
    These are all created,bring in jobs bring in business opportunities for Sporean.So this is where our meals come from.
    So they are overpaid or underpaid you judge yourself .
    Thank for all the rebuttal.
    I rest my case.

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  • oxygen:

    @ We are different

    We are so adaptive and advance of economic progression that it frightens me.

    We are different: Just look at the last 50 over years from entrepôt trading garment manufacturing to today advance economy.

    Billionaires businessmen are selling their homes in Sentosa quietly having to stomach 30% to 40% losses from their 2011 highs to exit – that is just 7-year gap only in reality. They are packing and going home or somewhere else.

    Did you read this sad story of lost decade in Sentosa Cove published in PAPpy News Publishing?

    https://www.straitstimes.com/business/property/the-lost-decade-of-sentosa-cove-singapores-billionaire-haven

    Those who bought near the 2011 peak and thereafter ARE ALL IDIOTS – LEE-jiapore is dying past glory reduced to asset bubbles of PAPPys’ asset enhancement politics scam.

    THAT HAS NOW BURST! So what is left of construction-led fake economy of the last 15 years? Bring in more foreigners, build more houses, shopping malls white elephants (Changi Jewel even though Orchard Road is whorehouse at night) and shifting houses (military airfield from Paya Lebar to Changi and Port from Pasir Panjang to Tuas). And SMEs listed on SGX mostly struggling to breathe underwater.

    And PAPpys are so afraid of “bird talking” by peasants in the social media of reality that they want to bring in FAKE NEWS LEGISLATION – only they are allow to fabricate and spread fake news of this wonder place of “advance economy” fiction.

    Your property value will come tumbling down, maybe by 30% too like Sentosa Cove after the next GFC, then we shall discover if LEE-jiapore is a resilient “advance economy” or a ghost of fiction economy of burst asset bubble, runaway unemployment and societal decay on public street no longer safe for women and elderly to venture out even for food shopping.

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  • Rabble-rouser:

    @ oxygen:
    @ We are different lacks global perspective & deep foresight having been brought up in PAP’s rear view mirror indoctrination & propaganda, back slapping political praises for a job well-done but is it?
    In truth, the PAP were trapped in a time warp; constantly reinforcing people’s minds using past performance while their present day performance are failing!
    S’pore Construction are hitting against global shortages of sand & gravel – necessary ingredients for making concrete – a vital building block. At the same time, capital which is critical to finance construction projects – the payback look dicey at best (ie. low return, no capital recovery process). Construction can’t go on indefinitely!
    Technology is changing the face of routine work – self drive or autonomous vehicles will send vocational driving into extinction. A lot of jobs are at risk from automation, smart technologies using AI.
    Renewable energies in developed economies are laying the framework for a low cost energy Infrastructure. But PAP can’t adopt because it is land consuming – their land policy seeks to maximise rent-seeking & recycling.
    Developed economies are shutting down their ‘open door’ policies re: H1-B/H4 (USA), Visa 457 (Australia), BREXIT (UK), Italy, Sweden (right wing anti-migrant parties), etc. Under PAP, S’pore becoming a waste receptacle for unwanted foreigners?

    oxygen: So you call this adaptive advance economy?

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  • Rabble-rouser:

    @ oxygen:
    Ha-ha-ha-ha! Paul Krugman 1994 article which he highlights the application of the Law of Diminishing Marginal Returns on “construction of artifial beauties” when extended over a long period of time. An upmost futile pursuit!

    Paul Krugman wrote:
    “Mere increases in inputs, without an increase in the efficiency [human factor] with which those inputs are used – investing in more machinery and infrastructure – must run into diminishing returns; input-driven growth is inevitably limited.”

    Also, “reliance on foreign labor influx” ie. mindless labour inputs without technological advancements nor from increased work productivity (outputs) ie. using capital infusion on human capital (investing on education, training), shrewd man-management (incentivisation, motivation, higher income) or improved equipment use (improving skillsets, efficiency) were ultimately doomed to fail. PAP wage repression policies using low-skilled, unmotivated foreigners were nonsensical!

    Again, Krugman’s wrote:
    “How, then, have today’s advanced nations been able to achieve sustained growth in per capita income over the past 150 years? The answer is that technological advances have led to a continual increase in total factor productivity – a continual rise in national income for each unit of input.”
    “…increases in the output per unit of input; such increases may result from better management or better economic policy, but in the long run are primarily due to increases in knowledge.”
    Paul Krugman was so far ahead (by 24 years) of his time when he wrote his article. S’pore under the PAP are now experiencing the futility of their senseless policies 24 years later.

    oxygen: DUMB ECONOMY of endless island-wide construction of artifial beauties….LEE-jiapore economy reliance on foreign labor influx as both politically and economically stupid

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  • Occupied building:

    @ oxygen:
    /////Ha-ha-ha-ha! Paul Krugman 1994 article which he highlights the application of the Law of Diminishing Marginal Returns on “construction of artifial beauties” when extended over a long period of time. An upmost futile pursuit!////

    All the buildings here are no artificial beauties not ghost town all fully occupied .That the beautiesss.

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  • “We” refer to PAP or ppl?:

    u talk cock, still must cock precisely correct? See highlighted words of your own repeated argument below.

    You don’t think people can easily see you try to confound 2 different things together?

    If our Port connected to 120 countries 600 ports – this is skilled or unskilled ?????

    What is the purpose of Singapore connected to 120 countries 600 ports if Singaporean can’t have good paying job in Singapore?

    We are different:

    If don’t bring in the foreign workers to do the unskilled jobs,then you want our Nitec ,Diploma or Uni graduate to be bus driver,construction worker,lorry driver…..

    If business is unable to find skilled workers definitely they will leave.

    I think you miss my point to be more precise .See the above article.
    Relevant in what ?

    Example
    Our port is connected to 120 countries 600ports .

    This connectivity make us relevant to the user and not only the port,our airport , Jurong Island and many others ……

    These are all created,bring in jobs bring in business opportunities for Sporean.So this is where our meals come from.

    So they are overpaid or underpaid you judge yourself .

    Thank for all the rebuttal.

    I rest my case.

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  • Rabble-rouser:

    @ Occupied building:
    No mentioned of ghost town nor unoccupied buildings in the comments. It’s the level of indebtedness (high level of debt/Malinvestments) & the unproductivity of inputs (low returns on the capital invested) that will prove Paul Krugman correct in the end!
    Diminishing Returns is used to refer to a point at which the level of profits or benefits gained is less than the amount of money or energy invested. You need to read up Economics more for your own understanding! You need to look at Brick ‘N Mortar situation in Developed Economies to understand the Paradigm Shift from Physical Assets (Shopping Malls) to Cyberspace Assets (Online retailing like Amazon, Taobao, etc).

    Rabble-rouser: capital which is critical to finance construction projects – the payback look dicey at best (ie. low return, no capital recovery process).

    Occupied building: All the buildings here are no artificial beauties not ghost town all fully occupied .That the beautiesss.

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  • A commoner observation:

    It is noble and satisfying to earn your living with the the sweat of your brow.
    If you make big monies shuffling around your properties in a gambling mode it does not sound right, it’s surrounded by something evil.
    The smart or the lucky ones made it and they are the top few sucking up and squeezing, holding on to the bulk of the wealth of the country, well almost everywhere these days.
    This is not right.
    But are the leaders trying to correct it, seriously and sincerely.
    Doubt it.
    Some smaller fries make huge monies in properties by their strategies or sheer luck by going with the flow.
    The bigger players grow richer and richer.
    It is sinful when you compare how much such people makes compare to one who work diligently all his life with no time or “cunning” to indulge in property speculation and ended up life with a depleted value public housing flat and some CPF savings.
    Those “fortunate” oldies who made some monies in properties, many by sheer chance by following joining the crowd are now instead supporting financing their children and grandchildren for their weddings, their new flats, their cars, even their holidays etc..
    Because their children and grandchildren could not cope with the rising costs of living.
    The Super Rich are of course the big timers, bankers and developers and those who pay themselves very well and are enjoying themselves. These are the untouchables.
    They and their children are living in luxury living of the huge interests and stocks they get from their huge savings and surpluses.
    The majority rest are living in anxiety and stress on a survival mode day in and day out, not dying from hunger, but always in the complaint mode. Why?
    Something is obviously not right!
    This is the result of too much emphasis being given on wealth creation which actually benefitted only a small percentage. Not much thought given to overall impact.
    Policies have been wrongly planned that has made majority not happy.
    There are far too many gripes and complaints.
    Are people expecting too much?
    Don’t we count our blessings or are we asking too much.
    Surely we are not as bad as people in some other countries, but why so many complaints about difficulties and inconveniences and being sidelined and locals migrating and not getting married and not wanting children, you feel so tired hearing all these every day.
    This is not fake news. This is raw news from the ground.
    We have brilliant people at the helm let’s have more open townhouse discussions to sort things out.

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  • 'cannibalize' true-blue sinkie:

    // If don’t bring in the foreign workers to do the unskilled jobs,then you want our Nitec ,Diploma or Uni graduate to be bus driver,construction worker,lorry driver…..
    If business is unable to find skilled workers definitely they will leave.//

    yar lar. when you artificially boost up 6.9m or 10m open-leg policy. of course, not enough true-blue sinkies (proportionately to the increase in population) can fill these posts lar. unskilled jobs must also pay well for sinkie to take up these job lar (no min wage and the cost of our investment in taking care of our families is high lar due to our own rent-seeking environment.

    so we have a lot of foreign unskilled workers, do you get to see things getting cheaper now as in the past (e.g cost of housing, water, electricity).

    the problem is when all these FTs get a hang of the jobs and competence, they may start to act ‘smart’ (anyway, easy open-leg policy) to replace / ‘cannibalize’ true-blue sinkies lar. while we welcome FTs (sinkies too naive) in the beginning, now we are seeing the negative side effects lar. can you imagine nowadays (if you happen to speak to few friends in HR or even experience yourself), it is quite common for people to call in and asking whether you would want (or have vacancies) to employ foreigners (NOT sinkies hor).

    and do you think new converted sinkies (if they are businesses themselves) would prefer to have the easy way out of hiring kaki-lang back home or FTs if given the liberal choice of still continuing open-leg policy.

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  • life-time sea trips to batam:

    //The figure is from NATAS
    You call NATAS 154 ?//

    what MATAS lar ? so ? still it is reported from 154th standard.

    quote : Singaporeans made 8.05 million trips last year, by air and sea : unquote

    it could also mean that is skewed by rich repeated travellers lar plus many once in a life-time sea trips to batam lar.

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  • sounds familiar:

    //These are all created,bring in jobs bring in business opportunities for Sporean.So this is where our meals come from.//

    sporean ? sounds familiar leh. one white idiot did say FTs are here to create jobs for sinkies (maybe they hosim they are not here to create jobs aka steal jobs for themselves but very generous to create jobs for sinkies).

    do you mean to convert many chat-ba-lang people to sinkies as fast as possible ? any relationship to 6.9m or 10m open-leg policy.

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  • @ // //:

    Hello @ // // learn how to block-quote first if you want to sounds credible.

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  • that's credible:

    // learn how to block-quote first if you want to sounds credible.//

    what block quote lar. must learn from white idiots also lar. string of good qualifications (credentials) from a historian but just selective pick on one that you bang on it lar. don’t forget hor. when 4 = 5 and selected = elected, that’s credible lar (or 154th standard ?)

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  • oxygen:

    @ A commoner observation

    THIS IS THE DESPERATION CRY of peasants – right from the ever tireless hardworking horse’s mouth, no less of reality of the situation on the ground.

    A commoner observation: The majority rest are living in anxiety and stress on a survival mode day in and day out, not dying from hunger, but always in the complaint mode. Why?
    Something is obviously not right!

    You have answered your own anguish – the For You With You and For Singapore is a fart of fiction.

    A commoner observation: why so many complaints about difficulties and inconveniences and being sidelined

    PAPpys are now living their political longevity on an orchestra of more lies to cover up exposed lies. How can any peasant who allegedly “owns” their HDB flats still is leasing exactly the same subject-matter from the HDB at the SAME TIME?

    If you owns it, you don’t need to lease from anyone, HDB included. And if you leased it, it means you NEVER OWNS it prior and till now because the leasor (HDB) and the lessee (you) can be both holding the title to the SAME REAL PROPERTY.

    The former proposition of ownership contradicts the second proposition of leasing and the second proposition contradicts the first of reality impossibility of stupidity (why pay anyone lease payment when you “owns” it???)

    ONE OF THEM IS AN UNREPETANT LIAR – WHICH ONE, peasants or PAPpys??

    You decides if you want to end this circus show – remember I tell you this, a monkey dressed up in a tuxedo is still a monkey, never mind if it is a MONKEY-IN-WHITE or MONKEY-IN-SUITE.

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  • oxygen:

    @ A commoner observation

    Oops, typo error there, sorry. The paragraph below..

    oxygen: And if you leased it, it means you NEVER OWNS it prior and till now because the leasor (HDB) and the lessee (you) can be both holding the title to the SAME REAL PROPERTY.

    should be read as

    oxygen: And if you leased it, it means you NEVER OWNS it prior and till now because the leasor (HDB) and the lessee (you) CAN’T be both holding the SAME title to the SAME REAL PROPERTY.

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