Helping unemployed people in a recession

Someone asked me – will there be a recession and how will it affect the people who lost their jobs?

I gave him this view.

We are already in a severe business slowdown. To the people who lost their jobs or suffer losses in their business, they are already feeling the effect of a recession.

It will affect more people over the next year or two. The economic situation will get worse.

However, the impact on the people who lose their jobs will not be severe, if there is a right govt in place who can deal with the real problems faced by these people.

Here are the steps that a “right govt” can implement:

a) Allow the unemployed workers to withdraw their CPF savings to meet their living expenses. The savings is needed now and not many years down the road.

b) Allow them to take a loan from the govt to meet their living expenses and be charged as a mortgage on their home. This loan will carry an interest rate of 2.5% p.a. and will have to be repaid when they get a job or sell their property. If they do not have a property to mortgage, they can still get an unsecured loan from the govt.

c) The govt can create temporary jobs, say six months at a time, for the unemployed people to do useful things, such as cleaning the roads, be local guides, traffic wardens and take care of the elderly and children. These are simple jobs that can be done with a short period of training.

The worst impact of unemployment is the need to find money to meet the living expenses of the family and the need to sell of assets, including a home, at depressed prices. (This is how the rich became super rich by taking over asset at rock bottom prices in a capitalist economy).

If there are adequate sources of finances to tide over, there is no need for families to be distressed, to be homeless, and to commit suicide.

But we need a “right govt” with the right policies.

PM Lee – are you listening?

 

Tan Kin Lian

 

 

yyy
SPONSORED ADVERTISEMENT
Loading...

13 Responses to “Helping unemployed people in a recession”

  • Flabbergasted:

    TKL, can you stop talking cock?

    You getting more ridiculous by the day!

    Some are born stupid, but you’ve certainly achieved stupidity!

    GD Star Rating
    loading...
  • pea brained tan kin lian:

    so cocked brained.

    it is even an insult to the cock to verb it on pea brained tan kin lian.

    GD Star Rating
    loading...
  • DavidNeo&IreneVanessa:Bastards:

    During the 1990s, full time jobs were also temporary. Govt got two year contract. Private sector full of job hoppers. Because employers anyhow sack people, people also jop hop without conscience.

    Who dare to commit to marriage, housing loans etc?

    GD Star Rating
    loading...
  • Sinkie:

    2.2 million foreigners gainfully employed in Singapore, and TKL wants the PAP govt to employ Sinkies to clean the roads!

    GD Star Rating
    loading...
  • Why is tan kin lian so stupid?:

    It is a wonderment tan kin lian was able to waste precious money PE2011 when all signs point to a stupid sheep.

    GD Star Rating
    loading...
  • Greedy pigs united:

    This greedy gov wants to grab money from us…not give out money ,even to unemployed in terms of temp jobs.
    Tolong lah. Dont you know this paps by now?

    GD Star Rating
    loading...
  • They are the ones who caused the miseries, why would they fix the problem?

    GD Star Rating
    loading...
  • NotMyProblem:

    Are u talking about recession or unemployment?

    Unemployment can be solved by taking back jobs from FTs.

    Increase pay and reduce rental to solve recession.

    GD Star Rating
    loading...
  • TruBlu:

    Reallocate budgets on ostentatious such ad F1 N FT-SCHOLARSHITS BACK TO budgetting to assist our own jobless n needy,for example.

    The REASON WHY THE GOVT dont feel PRESSURE from taking away jobs from sgs via FT POLICY is that they dont have to dish out SOCIAL SECURITY TO THE JOBLESS CITIZENS !!!

    If SOCIAL SECURITY is fairly in place,the govt would then have to face the JOBLESSNESS OF SGS in a stressful manner.
    Now,they can even TAKE AWAY OUR CPF N INCREASE GST N PUSH UP COL all at the same time even when so many sgs are oredy experiencing JOBLESSNESS N IMPOVERISHMENT???!!!

    So all socio-economic policies seem to be working against SINGAPORE CITIZENS N BENEFIT NON-sg RESIDENTS?!!!!

    This us seriously ERRANT GOVT CONDUCT.

    THIS

    GD Star Rating
    loading...
  • Straight "A"s Marlboro Tan:

    u stiupid old NTUC fart .. what are u talking about.. unemployed needs welfare payouts . not withdraw his past CPF..

    GD Star Rating
    loading...
  • Stop CECA First:

    Then we talk about helping unemployed.

    GD Star Rating
    loading...
  • ExNTUC Income ceo:

    Very hard to change mindset and thinking, especially for dumbos who found success within a crooked establishment.

    Perhaps they thought they are very smart, so they are able to do well in the system and continues to think in this manner long after that.

    Have they ever considered that, perhaps, they were there because they were stupid enough.. like an easy manipulatable digit?

    Just take a good look at some MPs, the things they said, what go into those brains , simply incomprehensible and “unbelievably amazing”.

    GD Star Rating
    loading...
  • ExPresidential Candidate:

    Can’t break off from those set boundaries or reasons or excuses given by establishment.
    Notice that all suggestions and proposals by TKL are given to avoid or skirt round those imaginary boundaries?

    So which is the real problem, no good jobs? no one to sweep the roads or too many jobs taken by cheap foreigners?

    GD Star Rating
    loading...

Leave a Reply

 characters available


Scroll Down For More Interesting Stuff


Member Services
Self-SupportMembers Login
Sponsored Advertisement
Search On TR Emeritus
Sponsored Advertisement
Most Recent Comments
  • opposition dude: Very simple one, you let in all these buggers from China who show no symptoms now but if an epidemic...
  • justanothercitizen: mike: Influx of foreigners is just a symptom. The cause of widening (and continue to widen)...
  • TRE Techie: @天灭中共 Have you been smoking pot? LOL
  • justanothercitizen: I urge all activist, critics of the PAP government and political parties to continue to express...
  • nice reporting: nice reporting (it’s so good it’s worth saying twice)
  • Deadly to medical staffs: One good doctor in wuhan has already died from the virus. He’s a modern day saint....
  • Beware Quora: POFMA test for MND: THE VALUE OF HDB FLATS WILL NEVER GO DOWN (AS STATED BY LKY),...
  • Retiring in most expensive cit: Almost half retirees cannot afford to get a cpf monthly payout . How is your...
  • 天灭中共: TRE Techie: Writer got a point there, does Singapore authorities have the guts and balls to ban the...
  • LN: Is the virus ethnic specific ? That is from the data to date. If it is , then we know the background to it.
  • Uncle: When people accused Leegim of their intolerance of dissenting voices, there were those who disagreed. Now even...
  • Crooked PAP: ” Staying open to talent is the key for Singapore to prosper ” === Bullshit ! Please open...
  • Roger: Even when hawker use bare hands to handle Food the customer also keep quiet.
  • The Other Hard Truths: Oii,Ah Loong : Can you please just answer one question? Why is it that after decades of...
  • NotMyProblem: 24/01/2020, Straits Times reported; “Singapore’s first confirmed patient with the Wuhan...
  • TRE Techie: POFMA is a ridiculous law. In no time journalists all over the world who have written something the...
Announcement
Advertisements
Advertisements
Visitors Statistic
Latest Statistic