How long will the Ponzi Scheme last?
Many have commented that the public housing scheme is another Ponzi Scheme or something similar in nature. In all sense, it will die a naturally death by the time the lease expires in 99 years, all 900,000 of them. On that day, all will be worthless. There seems to be a way out though, to extend the game, by SERS, whereby the...
Solving the Housing Problem ?
If Mah Bow Tan knew it was so easy to solve the housing problems, he would have preached the same message Khaw Boon Wan delivered to avoid the ignominious spectacle of being booted out by the electorate. Build 25,000 instead of 22,000 new HDB flats, provide 45,000 rental flats for those who can't afford to pay the outlandish...
Slower growth means fewer job opportunities?
NCMP Yee Minister for National Development Khaw Boon Wan gave a talk at the Sembawang GRC Youth Executive Committee's policy forum on 29 May 2011. http://www.facebook.com/notes/theonlinecitizen/slower-growth-means-fewer-job-opportunities/10150197185958964 At the event, he said, 'But now we get the message that we don't want...
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