4/19/2012

Celebration time for Sinkies

HDB flats costing $1m in the resale market, or near to $1m. COE for small cars is now $64k and big cars $91k. And the best part, Sinkies are all celebrating, or at least none is complaining. The property owners are feeling so rich. The car owners who can afford to buy just a piece of paper to entitle them to buy a car must definitely be very rich.

These are happy problems. It only means that Sinkies are getting richer by the day without having to work. No wonder they have to import foreigners to do all the works. Sinkies only need to sit on their properties and feel richer everyday. Now they can also buy cars, park in the car park and wait for the prices to soar with COEs costing more than the value of a car.

With the million dollar flats, they can make a quick pile and spend a little on a brand new car. Who cares whether the train is delayed or not moving? Who cares if COE is $100k? A million dollar HDB flat can buy several COEs and cars. Life is wonderful in this little paradise.

The best plan is to sell the million dollar flat and switch to a 2 rm flat and take advantage of all the subsidies. Don’t work, so will qualify as low income earner. The extra cash can buy a Mercedes to drive around. Hear only the good stuff.

20 comments:

Veritas said...

The modern days exploitation technique is a little more complicated. In the past, the elites simple uses violent, in the form of enslavement or taxation, to plunder the fruits of labour.

These days, things are done in a more subtle way. In SG, laws are enacted to plunder our land-- the famous Land Acquisition Act. When government completed their plunder, land price are driven up, way higher in relation to wages.

Our high land price, is not just asset inflation alone, it is in another perspective, a necessity that everyone need, but jack up stratophere in relation to salary. And magically, our fruits of labour are transfered to the pockets of elites, meanwhile, those being exploited people even fight to defend the ponzi system.

If people understand this, it would not be difficult to comprehend many other financial tricks employed by the government.

Anonymous said...

True. Just an example, they are harping on the claim that 50% do not pay taxes, but GST is even more drastic in time to come. It affects the unborn, the living and the dead.

Anonymous said...

Hahaha.....

the higher the prices of property and car, the more proud i will be of owning them. Better still, i do not have to work for HAVING OWNED them.

Good that my assets are being enhanced FREQUENTLY for me to get richer each time. Why should i not be happy?

Veritas said...

////
Hahaha.....

the higher the prices of property and car, the more proud i will be of owning them. Better still, i do not have to work for HAVING OWNED them.

Good that my assets are being enhanced FREQUENTLY for me to get richer each time. Why should i not be happy?
////

The policy of tyrant like Caligula, Hitler or Stalin will benefit some people. But we must ask whehter it will bring well-being in the long run. This asset enhancement is a tax placed by government, the old, the landlord, the parents on the -- young, the working class FT, the small businesses, the entreprenuers-wannabe.

It perpetuate dynastic wealth and lucky sperm club. It sterilize the whole nation. It transfer wealth from productive people to the most lazy pig. It allows the most useless landlord to behave like talent while the most hardworking workers to stooge.

Anonymous said...

You know what the communists did to the landlords?

Anonymous said...

No wonder productivity is so low..everybody wants/are a rent-seeking landlord. They make money out of money..not real work. We are on the road to Athens in no time.

Anonymous said...

Those who cannot afford the COEs should not drive and should take public transport.

Anonymous said...

I agree absolutely with Anon 1.44.

Why work so hard when speculating in properties is so lucrative? Everybody now thinks he/she is already a millionaire, or at least half a millionaire already. Yes, we are on the road to somewhere everyone thinks is paradise at this rate.

Anonymous said...

Everybody wants to be towkay, landlord, gang chief and ruler. To those who can achieved, kudos to You.

For those who cannot or failed to achieve, work harder. And if You work to help others to achieve, You are contributing too and that is not bad shall I say.

Anonymous said...

Hey there! My name is Karla and I just wanted to say your web site is great!

It truly is surprising simply because I use to have
a blog website that nearly had an identical web address:
http://www.blogger.com/comment.g?blogID=17473688&postID=6529988055305389724 mine
was only a few characters different. In any case, I am a big admirer
of your blogging site and if you ever would like a guest post you should email me personally at:
noelsnead@yahoo.de. I absolutely love writing!

Also visit my web page ... account
Feel free to surf my blog post ... nation

Anonymous said...

Hey there! I know this is kind of off topic but I was wondering if you knew where I could find a captcha plugin for my comment form?
I'm using the same blog platform as yours and I'm having trouble finding one?

Thanks a lot!

my web site; quartet
My website :: dory

Anonymous said...

Hi! It seems as though we both have a passion for the
same thing. Your blog, "Blogger: My Singapore News"
and mine are very similar. Have you ever thought about authoring
a guest article for a related website? It will surely help gain publicity to your blog (my website
recieves a lot of traffic). If you might be interested,
e-mail me at: herminesettle@gmail.com. Thanks for your
time

Visit my site - wireless
Here is my web blog ; webster

Anonymous said...

Heya! I hope you don't mind but I decided to publish your site: http://www.blogger.com/comment.g?blogID=17473688&postID=6529988055305389724 to my on-line directory website. I used, "Blogger: My Singapore News" as your weblog title. I hope this is okay with you. In case you'd like me to change the title or remove it completely, email
me at kerry.bray@hotmail.com. Thank you.

Also visit my web-site: select
Look into my web site :: motion

Anonymous said...

Appreciating the persistence you put into your site and detailed information you
provide. It's awesome to come across a blog every once in a while that isn't
the same old rehashed material. Great read! I've bookmarked your site and I'm including your
RSS feeds to my Google account.

my homepage - pvc

Anonymous said...

Hi this is kind of of off topic but I was wondering if blogs use WYSIWYG editors or if you
have to manually code with HTML. I'm starting a blog soon but have no coding expertise so I wanted to get advice from someone with experience. Any help would be enormously appreciated!

Feel free to visit my homepage :: vaga

Anonymous said...

Greetings! Quick question that's entirely off topic. Do you know how to make your site mobile friendly? My web site looks weird when viewing from my apple iphone. I'm
trying to find a template or plugin that might
be able to fix this problem. If you have any suggestions, please share.
Thank you!

Also visit my web site removal tree

Anonymous said...

Hey there, I think your site might be having browser compatibility issues.
When I look at your blog in Firefox, it looks fine but
when opening in Internet Explorer, it has some overlapping.
I just wanted to give you a quick heads up! Other then that, wonderful blog!



Here is my blog post; pvc
My website - pakerice

Anonymous said...

Hi! I've been reading your website for a long time now and finally got the courage to go ahead and give you a shout out from New Caney Tx! Just wanted to tell you keep up the fantastic work!

Also visit my webpage: computer

Anonymous said...

Do you have a spam problem on this blog; I also am a blogger, and I was curious about your situation; many of us have
developed some nice practices and we are looking to swap methods with
other folks, please shoot me an e-mail if interested.

my site computer
my web page - computer

Anonymous said...

Good day! Would you mind if I share your blog with my facebook group?
There's a lot of folks that I think would really enjoy your content. Please let me know. Thanks

Feel free to surf to my website ... http://barbarabic.wetpaint.com/