4/20/2013

Robbing the young rich to pay the old poor




The legend of Robin Hood and how he robbed the rich to pay the poor and always fighting against the Sheriff of Nottingham who only knew how to protect the rich, was a favourite and must read comics of our generation. I don’t think the Y generation onwards bother with such wholesome righteousness. But the Govt still does, as many of them were of my generation or close to it. They are brought up with the same righteousness, of robbing the rich to pay the poor, not robbing to pay themselves for sure.

Housing is still a big pain to many Singaporeans, and the right to buy a public flat from the Govt is like striking lottery to some, or a big savings to many. Every Singaporean given the opportunity will want to buy directly from the Govt to save a few hundred thousand bucks of their hard earned money. With a monopolistic public housing scheme, the Govt knows how vital its role is and how they could make life easier or meaner to the Singaporean home buyers. By tweaking the demand and supply, by formulating rules and regulations, some will be cut out from the public housing schemes and be left at the mercy of the free market and the private property developers.

Many groups of Singaporeans have been deprived from the public housing scheme while the ‘Ginny come lately’ new citizens were graciously allowed to buy public housing freely. One of the groups that have been deprived from public housing is the young high income earners, ie those earning above $12,000. To the Govt and to many Singaporeans, this group is very rich and must not be allowed to buy public housing. So the Govt has in place an income ceiling to keep these rich young people from public housing.

What the Govt has done is like what Robin Hood had done in the past, robbing these rich young people to pay the poor. By not allowing them to buy direct from the Govt, these young people have no choice but to buy from the resale market or buy private properties. The effect is a transfer of their savings to those who are selling their public housing in the resale market. The difference in price can be a few hundred thousand dollars. Effectively the Govt is forcing these young people to hand their money to the HDB owners who bought their flats direct from HDB. This must be a well thought out scheme of the Govt, to ensure a fairer distribution of wealth among the average Singaporeans. The young and abler Singaporeans must share their wealth with the less able and older Singaporeans. Who can fault such a benevolent design?

If these young people refuse to share their savings with the HDB dwellers, they can share them with the private property developers and pay even more. In the latter case it will not be robbing the rich to pay the poor. It will be robbing the not so rich young people to pay the rich developers and rich speculators.

Whatever way you look at it, it is a good thing. The young people have the money and it is only right that they should share their hard earned money with those who are less able. Not sure if one agrees that they should share with the rich developers and speculators. The Govt is doing a righteous thing, a moral thing, a good thing, like modern day Robin Hood. We have a very caring Govt that cares for the poor.

The Govt should not remove the ceiling, for by doing so they would not be able to rob the young rich to pay the poor old. The moral of the story is that it is ok to rob the rich and pay the poor. But don’t touch the super rich. Their wealth must be protected at all cost and to grow and grow. Make the young rich buy properties from the super rich, who incidentally, many have bought many properties and waiting for the young rich to hand over their hard earned money for them. We have a good system in place. Don’t rock the boat. Be thankful and be grateful.

PS. I wrote this piece with my eyes wide shut.

18 comments:

patriot said...

In all capitalist countries, regimes are formed by politicians supported by all the richest business people in the lands. The Rulers are in turn got much beholden to the Business Folks. And invariably rulers and businessmen work together like hands in gloves to extract all benefits to themselves.

Robin Hood might had existed but, that was in the past whence greed and avarice are not as rampant as it is now.

Anyone thinks or believes there is Robin Hood in Sin?

patriot

oldhorse42 said...

Yes, the G must not do away with the income ceiling. To do so is to open the door wider for far more applicants than the housing authority an cope.
It is silly of the minister to think of it when he has not abated the housing crunch. It just goes to show that our minister despite being paid millions of $ have not got their heads screwed in properly.

Ⓜatilah $ingapura⚠️ said...

>> The moral of the story is that it is ok to rob the rich and pay the poor.

Absolutely correct. Agree 100%!

If you have a welfare state, the state which is the agency of ABSOLUTE territorial power and taxation can do whatever it likes, to whomever it likes for whatever reasons or purposes, even if those objectives are pure fiction or total bullshit.

>> Many groups of Singaporeans have been deprived from the public housing scheme while the ‘Ginny come lately’ new citizens were graciously allowed to buy public housing freely.

Forget about "groups". Groups don't live in houses, individuals do.

Congratulations, what you've illustrated is the mechanics of a Pyramid Scheme -- which is essentially what ALL STATE welfare programs are: The EARLIER you get into The Game, the more you "benefit". Those who are late are the "suckers".

Calling Mr Ponzi....

Anonymous said...

At least for the first flat, it should come without restriction except for citizenship. No job is secure these days. If you earn $15k per month now, it does not mean you still have that job next year especially in this climate of high influx of aliens.

Anonymous said...

The rich has never been rob. It has always been the poor since democracy is introduced. The rich should pay more tax since they are rich they should pay more 'security fee'. THis is logical. What is not logical in these days, the rich rarely pay any tax more than the poor.

bond

Anonymous said...

Even the very poor these days have to pay coe, erp, gst for buying a bread from ntuc. They just simply pass down the all the costs to the consumers.

Anonymous said...

the HDB scheme is a money spinner.

HDB rents out the flats to us for 99 years.
While HDB retains ownership of the flat.
In exchange, we pay 99 years worth of rent in advance.

It's a scheme that can never lose money.
And still somehow our talents can screw up such an easy scam by mismatch of supply & demand.

Un-fucking-believable.

Anonymous said...

RB, lucky u wrote that the piece was done with eyes shut. Otherwise I have to curse u knn as all the young people are suffering

Anonymous said...

Watching the news about the Boston bombing, PM Lee said he was inspired by the many stories of people behaving selflessly when facing fear and danger ... Whatever our differences, we are all bound by a common humanity .....

WHEN THERE IS SHIT, IT'S ALWAYS NATIONAL SERVICE FOR US. IT'S ALWAYS "WE ARE IN THIS TOGETHER."

BUT WHEN THERE IS MONEY TO BE GIVEN OUT, IT'S THE HIGHEST SALARY FOR THEM AND "CHEAPER, BETTER, FASTER FOR US.


And "if ever Singapore encounters an incident like this, may we have the courage and the humanity to respond with the same grace and unity as the Bostonians".

AND WHAT HAS PM LEE AND PAP DONE IN THE LAST 10 YEARS TO BUILD UP GRACE & UNITY IN SINGAPORE?

DOES CALLING OUR NATIONAL PLEDGE AN ASPIRATION CONTRIBUTE TO NATIONAL UNITY IN SINGAPORE IN THE EVENT OF A BOSTON-TYPE BOMBING?

DOES PAYING US 3RD WORLD WAGES CONTRIBUTE TO NATIONAL UNITY?

DOES HDB'S AFFORDABLE HDB HOUSING POLICY CONTRIBUTE TO NATIONAL UNITY?

DOES REPLACING SINGAPOREANS WITH FOREIGN TALENTS CONTRIBUTE TO NATIONAL UNITY?

PM Lee.
Tell us.
What do you think?

Anonymous said...

I think I run first cause we are in the Everyman for himself society lor

Chua Chin Leng aka redbean said...

The young and highly educated have been singled out as a group to be robbed. No, the rich are not being robbed, no worry, the rich know how to protect themselves and their interests. And neither being here first means the early bird catches the worm. The new citizens are latecomers but feasted by all the govt schemes while the born and bred Singaporeans were treated as outsiders, and robbed.

The young may be earning a bit more, but they are anything but rich. To start their lives anew, there are many expensive items to pay for, the house, cars, children and their education, the medical bills, the retirement plans. It is criminal to cheat them of their hard earned money in the first few years of their working life, when they are just starting to work and wanting to set up families.

This is the most wicked thing the govt has done to the young people, the talented and mobile, and many have been forced to migrate. And the govt is wondering why, and sending missions overseas to lure them back. How silly can it be?

patriot said...

Well, the citizens voted in the fucked up leaders times and again to screw up their(the Citizens) own live.

The Wisest Matilah concludes that the People deserve the Rulers they have chosen. Even a moron like me will have to agree with Matilah Singapura.
There is a locak Hokkien parlance 'gia lan kah tao' meaning using ones' own prick to knock ones' own head(self flogging).
The Saying is infair as me thinks those without pricks, the Female Sinkies are mostly the Ball Carriers of Pappies. They got the Male Sinkies into much miseries.

patriot said...

My apology.

Correction to 'infair', it should be 'unfair'.

Self flogging to mean make trouble for one/ownself.

patriot

Sword said...

Buy high, sell low & still can claim make profit.

Rob the poor (young & old) to pay the rich & still can claim giving subsidies to the poor.


This is the best line I heard so far:

GST is to help the poor

Really Uniquely Singapore

patriot said...

The Leaders have became a menace to our society.

patriot

Anonymous said...

Whatever is good for PAP, will be bad for Singaporeans.

In order to protect myself and my family.
I must vote Opposition.

Ⓜatilah $ingapura⚠️ said...

@ 153:

>> In order to protect myself and my family.
I must vote Opposition.


Wah. You believe the opposition (whoever these "ghosts" are) will "protect" you if you vote for them.

Sounds like a familiar story: John 3:16:

There's this asshole god who says -- "Hey, I love you, here I sacrifice my son for you. If you believe in him...good for you, you won't die. If you don't: fuck you and die you useless motherfucker. How dare you spurn me, my 'unconditional love', my boundless grace, and my supreme gift exclusively for you. Who the fuck are you? Die motherfucker, die!!!!" (this is truly an asshole god with the temper of a spoilt teenage girl)

Yah, vote "opposition" please. May their boundless grace and unconditional love "save" your sorry ass :-))

Allah akhbar.
Amen.
Namaste, motherfuckers! :-)

Ⓜatilah $ingapura⚠️ said...

@ 340:

Regurgitating tired old popular sayings, which everyone including retards know...

Idiot. Unoriginal fuckwit. Boring asshole.

No wonder the cuntree is in trouble because people like you lack imagination and creativity. ;-)