In celebration of foreign tycoons

There were many headline news of the increasing numbers of foreign tycoons making Sin City their homes. These are the genuinely super talents that have made it good in life in their own ways and are filled with money and riches, and life was meant for living and pleasure. They are here for the right or wrong reasons but one thing for sure, they will not be here to take away plum jobs from Singaporeans. The only unsavoury sin they could commit would be the buying of a few ethereal priced properties. But this would not have too much negative impact on the general populace as their numbers, and the sale of landed properties is limited by legislation and a thinking Govt, are small and remote, a world of their own. They could in their own ways contribute positively to the economy if that is what the Govt desires. I don’t think anyone has any issue on these tycoons.

What this group of tycoons will not do is to feast on the success of the country built over the last few decades. They would not be parachuted down from nowhere to take over top jobs and be paid millions when the jobs could have gone to the local talents. Many Singaporeans see this as a betrayal. I am still scratching my head as to the number of top jobs going to foreign talents and watching what they are doing and what a local could not do much better.

The paying of millions to foreign talents for positions that were created locally is something that will not be taken lightly by the aspiring local talents. The question is why, after building up this place, the credits and benefits ended up in the pockets of foreign paratroopers and mercenaries. This is not just a matter of envy. There must be many local talents that can fill these jobs or be groomed to take over these jobs. I would faint if, after building up a banking empire like UOB, the top job ended up with a foreigner because no local is deemed good enough. It is plain silly to do so, all the hard works of several generations in building a business empire only to see someone coming from no where to reap the rewards.  What has this foreigner contributed to the creation of wealth and the business to have the good fortune of being paid in the millions, delivered on a silver platter?

We should welcome the tycoons and their businesses and the jobs they created for the locals. Why should we welcome foreign talents who are here for the feast?