More Parliament gems

Judy Mitchell must be told the brutal truth. If cannot afford to stay in 5 rm, downgrade lah. Go for 4 rm, 3rm or even rental flats. Live within your means and affordability. Simple. Now who is going to tell her that? Who is good at telling brutal truth? I am only good at talking about compassion, kindness, help the needy etc etc. But these are only rhetorics in cyberspace. Just talk cock only. Can't do anything for them. What, I don't have that kind of money, and that's the truth. And Lily Neo is fighting for the lower income group again. She is appealing for more help for them. She said we can't keep telling these untalented people to keep running faster. We need to train them and help them to upgrade. That's true. If they can, they would not need help anymore. But what do they expect, to become managers, CEOs or Ministers? Just kidding.

MPs scoring own goals

Unbelieveable, but the MPs are doing just that, questioning policies and happy mistakes in Parliament. At the rate it is going, we don't really need an opposition. They are definitely doing a better job than the opposition, or is there an opposition? Inderjit Singh looks more like the leader of the opposition bench. If they continue to do such a fine job, next GE everyone may be voting just for PAP. Now when will the Whip crack? When will someone stand up and say don't score your own goals? Actually it will be interesting for all the govt MPs to say aye and shut up and see what the opposition will say. It is likely that Parliament will be over in two hours. And everyone can go back to work and make more money. Don't have to waste time saying the obvious. But the obvious have to be spoken for two reasons. If they are raised and forgotten, like the housewives, then people will say, see, I don't hear any objections any more. The people are all happy and support the policies. After a few days everything will be forgotten. I also forgot who spoke for the housewives vehemently in the last Parliament session. Now everyone will not want to know about the housewives anymore. Correction, Amy Khor did mentioned about them again. Anyone else? Issues must be repeatedly raised and spoken to keep them alive or else face the fate of becoming non issues and passe. The second reason is that though they are obvious to many, to the decision makers, they may not be that obvious. Or they would not agree to the policies and decisions and schemes. That's how happy mistakes are made and why MPs got so many goals to score. And then there is the group that will say everything is affordable. I am going to stick up a column to quote the comments whenever someone said something is affordable from now on. That will be good for posterity. Then we can start counting the affordables and aggregate them up.

When bonuses are tied to profits

Where would these lead to? Essential services, transport companies, hospitals, schools and universities, etc, when the bonuses of their top executives, including staff, are tied to profits made, what would be the organisations' objectives and policies? Would the fees or prices of their goods and services ever come down? Coming down means lesser or no bonuses. So what? Profit for profit sake without looking at other intangibles or objectives can be very destructive. Just like managing a country for economic and monetary rewards and ignoring other values or the people's general well being, can lead to one certainty.

A $6.4b happy mistake

Some said it was pleasantly embarrassing, while some said it was an astonishing surplus. Some even praised it as commendable, far sightedness and prudence. Really? Ask those who have been squeezed out of their few dollars which could buy them another meal. To those who have contributed tens of thousands to this $6.4b happy mistake, they would simply brush it aside as a non event. For those who are adversely affected by it, would they take it as a joke and laugh it off? Inderjit Singh was pointed in saying that all the affordable increases have contributed to a projected $.07b budget deficit to a $6.4b surplus. But some offered that it was all because of the adjustment of the value of housing. It seems that it is very difficult to understand how a little affordable increases here and there when added up can become a little mountain. Is it that difficult to understand or too tedious to understand? Or is it that such little irritating problems do not deserve to be looked at as they are very time consuming? Better to spend time assessing the benefits of buying a 80ft yacht or a 100ft yacht. Now that is a pleasant problem to spend time on. For those who still fails to see how a few affordable increases can bring hardship to the people and lead to a happy mistake, they should be punished to watch 100 hours of Moses Lim and Jack Neo's comic sketches on throwing a few bits of litter now and then. The moral of these comic sketches is that a little bit here and there will soon add up to become a big big mountain of rubbish. Whether it is a happy mistake or a pleasant embarrassment, the high cost of living is not going away, the GST increase is not coming down, all the affordable increases will remain and the poor will continue to be squeezed. Must be very pleasant experience, like sitting in an Osim chair.

Huang Lizhen's hospital bill

The MOH has put up an advertisement on the hospital bill of Huang Lizhen in the paper. It started with the first paragraph as follows: 'For the past seven years, Ms Huang Lizhen has been in and out of hospital, chalking up medical bills that have since wiped out her widowed mother's Medisave savings.' Medisave wiped out! Later her case was referred to 'medical social workers, who helped her apply for Medifund assistance.' The Medifund covered 100% of her bill after subsidy. And they were grateful even though the mother's Medisave was already empty. For 79 days in a C ward in Tan Tock Seng Hospital for Systemic lupus erythematosus, the bill came to $52,000! Govt subsidy was 80% or $42,000. After subsidy, balance $10k was fully paid by Medifund. They paid nothing. Or they will be in deep shit since her Medisave was already wiped out. How many people can afford a $52k bill? And this is C ward rate. It could be higher if in better wards. It is more than $500 a day. That's what it costs for world class medical treatment. Please don't get admitted to C ward if you can afford it. Huang Lizhen and mother are so lucky. For those who are not as desperate as them, please make sure you have money, and plenty of money, to pay your hospital bills.

Time to bring back the discards

With life expectancy going to 100 and with good medical care, it is proven beyond reasonable doubt that healthy Singaporeans can work till past 80, and still doing very well. The old practice of retiring people at 55 and the discards because of that policy should be looked at and those still in good health and able, should be brought back to the main stream of economic life. We are wasting a lot of talents and experience that these senior professionals have accummulated throughout their lives. Sad to see them ended up as taxi drivers and foodcourt cleaners or wasting their time in clubs drinking and merry making aimlessly. They have another 10 to 20 years of productive life to live.

A wonderful educational experience

As we get more influence and have more money to spare, we become more creative and innovative with what money can offer. Schools are increasinly organising overseas trips for their students as a badge of honour, as a wonderful educational experience for the children. We are seeing trips not only to neighbouring countries, but to the US, Europe, China and Japan. At the university level we have exchange programmes with other universities all over the world. Such experience will definitely make our students smarter and brighter. They will definitely be better than third world students who can't even afford a trip to town. Money sure can buy quality education. The more expensive the education fee, the better will be the education.

$100,000 mouth!

Singapore has developed a new mini tooth implant that could save the patients a lot of money. It was reported that the sum could come to $70k for a full mouth job. That could possibly put the cost of a full job to well over $100k using the old technology. Imagine putting $100k inside a mouth. The $6m bionic man is now a reality with so many parts to change and upgrade.

A case for selective comparison

Many Singaporeans have taken issue with the length of NS that our young men have to serve and lost 2 years of their precious youth. Some are suggesting that the 2 years are still too long and can be shortened. I am not going to agree or disagree with that kind of thought. Ok, let's adopt our favourite past time and practice and do some selective comparisons. I think Taiwan and South Korea both have nationals service and the duration is about one and a half to two years. Israel probably the same or more. How about about nearest neighbour, Malaysia? They can do their national service in 3 months or 6 months. And only a few are selected to do NS. Maybe we can have something in between. Something in between is also a good thing.

Myth 173 - No talents in paradise

In the 70s, when HDB started to build 5rm point block flats, there used to be this remark that the talents in a block of 5rm flat, 96 units, are enough to run a country like Malaysia or Singapore. For in each block there will be enough engineers, doctors, lawyers, professionals, senior executives, civil servants, with enough experience and talents to run a country. And several of our senior ministers too came from 5 rm flats too. Till then, only 3% of each cohort went to university. But we have talents, great talents that brought us here today. We now have 30% or more of each cohort of students going on to tertiary education. Some gone further to do post graduate degrees with MBAs and doctorates a common certificate to flash around. And every year, we proudly declared the thousands of straight A's students graduating from O and A levels. There used to be one or two such students per year per cohort in the past. And today we are living in a myth that we have no talents. How so? The Hokiens will exclaim, 'Oo Yia Boh?' Literary it means got shadow or not? Got shadow means human. No shadow means inhuman. Actually it means true or not. But I digress. Why is there no talents when talents are everywhere? Or are we looking at the wrong place or at the wrong things. Today's talent means you must be able to prove that you are a million dollar earner. Many Ah Longs will qualify, including pimps. But many of these are only interested in chasing money. They have perfected their skills in their chosen fields and set their minds to make millions. That is their reason in life, not serving the people and earning peanuts. We do not need exceptional talents to run a country. We need the heart to be in the right place. For we have all the best talents, the super talents in the civil service and the stats boards to provide the brains and do the real works. We need a heart man to lead, to tell these talents what is good for the people and not what is good for their own pockets. In a way, we need people with a little bit of idealism, selflessness and a little bit silly, to think of others and not of self. These kinds of silliness are now laughed at as naive idealism. What is being promoted and championed are hardcore materialism and what is in it for me. We have ended up like the animal farm when the wrong pegs were fitted into the wrong holes. Wrong kinds of talents to do the wrong kinds of work. And the objectives, goals and policies manifest the thinking and values behind them. We will have solid and high growth rate but for who and for what? In the meantime the people were made to believe in the myth that there is no talent, maybe one, or two, or at the most five. The rest are not talented or good enough. When one block of 5 rm flat was deemed enough, now we have one third of the population that are far well read and schooled, and we can't find the talents. Oo Yia Boh?

When the music stops?

We are in the golden years. Full employment, high salaries. People have a lot of money to spend. Property owners can afford to sell at high prices or charge high rentals. Everyone take the opportunity to jack up their prices of goods and services. But after a few grumblings, life goes on. Taxi fares go up, ERP rates go up, GST goes up. No sweat. KPKB for a while. People will get use to the high cost. Conservancy rates go up, PUB rates go up. Never mind, got rebates. And for those who are struggling, there are the annual handouts from the govt. The budget goodies. Now, what will happen when we price ourselves out of the market system? Or if the world economy goes on a tailspin? No jobs, no fat salaries, no budget surpluses to handout, and all the rebates and subsidies expire? Can we see prices coming down? Can property prices come down, rental comes down, food and essential services come down, transport fares come down? Some can but many can't. Can the goodies, handouts, rebates, subsidies go on and on and the people keep stretching their hands out and expecting to get them? The high cost of living is likely to stay even when times are bad. Anyone heard of transport fares coming down? Conservancy fees or PUB bills coming down? Or foodcourt prices coming down? Many are committed to a higher lifestyle, higher property prices and rentals. When jobs are gone, or salaries cut, just like in the late 90s, the noose will tighten. This time even faster and tighter. It was a lesson that we never learn. There was euphoria before the bust.

Notable quotes by Leong Sze Hian

'Are there any countries in the world which have national pension schemes that exclude the bottom 25 per cent of the population?' Leong Sze Hian My answer is yes, in paradise. Leong Sze Hian was responding to the CPF Life annuities scheme that excluded those who have less than $40,000 in their Minimum Sum. And this is exactly the group that needs help. So what will happen to them when they are old and have no money and not in the scheme? Search me, I do not want to know. Not my pasar.

A positive and welcome move by Singapore

Singapore's initiative to bring economic growth into North Korea and lead the communist state into the world community is the most positive and effective way to engage North Korea. An economically strong Korea fully engaged in the world system, economics, trade and industry, and all things, will bring prosperity to its people and harmony in east Asia. North Korea could be like China and Vietnam, communist in political system but capitalist in economic development and trading with the world as another responsible nation. Such a concept is totally in contrast with the wicked and destructive scheme of the US, branding it with all kinds of hostile terms, axis of evil, arms exporter, threatening world peace, supporting terrorism, violation of human rights etc etc. Such outdated methodology was only workable in the past when the Asians were weak and ignorant or under the total domination of the western powers. Today, the picture has changed. There is no SEATO or CENTO and no colonial states. The last two semi colonies of the US, Japan and South Korea, are also trying to break free from the American control. The Asian countries must find their own reasons and meaning of existence in the new world and not be told by the Americans who is good and who is bad. The Singapore initiative is commendable but risked being derailed by the Americans. The Americans will not support it and will get its semi colonies to tow the line. Fortunately Howard has been kicked out and hopefully Kevin Rudd will not dance to the American tune. Maybe Asean can come in to give it more weight. Engaging and welcoming North Korea into trade and industry is better than telling the North Koreans to sign some scrips of paper on intangible and meaningless stuff like Treaty of Cooperation and Amity.

President Wee Kim Wee

I read a post in Sammyboy forum praising Wee Kim Wee as the humble and down to earth president that Singaporean loved. And another forumer saying that no one could get his name wrong as you could read it forward and backward and still got it right. With all due respect to President Wee, let's hope no reporter or msm is going to print his name in the western format with his family name behind his name. Fry the bugger if it is in the local press.

Charity begins at home

'Amid calls by some US lawmakers for wealthy universities to lower tuition costs, officials at Stanford University have said they will no longer charge tuition to students from families earning less than US$100K (S$140K) a year. For students whose families earn less than US$60K a year, Stanford will not charge for either tuition or room and board.... Stanford is now among a small string of top tier schools, including Harvard, Yale and Pomona College, that have taken steps in recent months to help middle class families and, in some cases, households with incomes ovr US$150K.... "We will continue to evaluate international applications on a case by case basis."....' Reuters, Los Angeles Times, New York Times, Straits Times. How would these compare to our policies on education? Oops cannot compare apple with oranges.

Wrong place to look for role models

Edison Chen said he was not a good role model. His girlfriends in the videos admitted that they were naive. Why would children all look up to these bad role models and naive girls as role models? There are many good role models in many other professions. The last place to look for role models, you know where. The most naive group of people coming out from this episode are those people who look at them as role models.

ERP, pay according to usage

Thomas Koshy has some great suggestions in his article on ERP rates in Today. The principle he relies on is that the more one crosses the gantry, the more one pays. And for those who cross more, the rate will also be higher. At the other end, I like this best, is infrequent users will be given a kind of waiver for the first time they cross a gantry. The fees not collected is compensated from the high users. As for those in the transport business and need to transport goods and people, try to use buses and MRT to save on paying more ERP charges. And for those unfortunate poor buggers whose travel patterns require them to cross ERP frequently, or have an ERP outside their homes, maybe they can introduce something like a frequent travellers or mileage rewards like what the airlines are doing. Very interesting suggestions, the same principle as using water. The lesser water people used the better. The lesser people use the roads, the better. Why do we need to build roads and rails?

High property prices

How to help Singaporeans when property prices are destined to go higher? I dreamt of a good scheme to ensure that all Singaporeans will have money to buy their dream flats. I mean HDB flat. The private sector high end flat is a different kind of dream. So how does this work out? My premise is that all the young men and women at the age of 25 must have at least $100k in their CPF accounts. This money can come from a CPF insurance scheme paid by their parents on the day of their birth. For a start, the day a baby is registered, $30k of one of the parent's CPF accounts should be deducted and set aside for a Housing Endowment Fund. This fund will simply grow and by the time the child is 25, it should be around $100k or more. If the parents have two or more children, the equivalent amount should be set a side for the respective children. With such a scheme, no young people will have problem paying for a HDB flat in the future. Not bad idea huh.

Money to bail out sick banks.

Below is an extract from an email that came to me. It shows how much money we have to invest in sick banks which I agree is a great opportunity given to us and a risk worth taking. But I also share the author's sentiment about why we were so desperate to need to raise GST by another 2% to help the poor when we actually have so much money to bail out sick banks. (I have omitted copying the cynical and naughty parts of the arguments as I am not sure of the source of this article.) In the past year alone, the Singapore government ¡V through its investment arms of Temasek and GIC - invested a whopping $34, 560, 000, 000.00 in various investments worldwide. That's $34.56 billion. GIC: UBS - $14 billion British Land - $388 million Citigroup - $9.8 billion US Hedge Fund - $429 million Temasek: British Bank Barclays - $4.3 billion Merrill Lynch - $5 billion Standard Chartered - $643 million And if you think the government is stretching itself too thin, no worries. GIC deputy chairman and executive director Tony Tan says the GIC has capacity to bail out another bank. (AFP) Now, government investments are not a bad thing, to be sure. Of course there are questions of transparency and accountability which some people have brought up. Be that as it may, what is even more troubling is another issue. This is the constant lament of the government about not having enough money or financial resources to deal with Singapore 's ageing population, helping the poor, providing subsidized healthcare and so on. Thus, the government has introduced the GST hike to 7% ("to help the poor"), and is introducing the Compulsory Longevity Insurance (for our ageing population), and Means Testing (for healthcare). All of these are paid for by Singaporeans, in some way or another. In raising the GST to 7%, Channel NewsAsia reported PM Lee as saying: "Mr Lee explained that the hike was necessary to finance the enhanced social safety nets, needed to help the lower income group.." (CNA) The extra 2% will give the government a further $1.5 billion to finance "the enhanced social safety nets, needed to help the lower income group". Now, if the GIC and Temasek Holdings have $34 billion to bail out ailing foreign banks, why does the government not have the money ( a mere $1.5b) to help poorer Singaporeans, which it says it needs? Why does the government not have enough money to spend more on the aged and healthcare? Contrast the obscene spending by the GIC and Temasek with the pathetic excuse given by MCYS minister Vivian Balakrishnan about giving those on public assistance a further $23 increase, which some MPs have asked for: "The government is reviewing the S$290 monthly public assistance (PA) allowance for needy Singaporeans to see if it should be increased. It is also conducting a separate review on the qualifying income limit for assistance, which currently stands at S$1,500 a month. The review is expected to be completed later this year." (CNA) (TOC) Why does the government need to have months of "review" to ascertain whether giving another $23 to those most in need is justified? If this is not the height of hilarity, then I don't know what is. It would be funny if it weren't so sad ¡V that our government would not blink an eye in spending billions bailing out foreign banks in risky undertakings while being so hardfisted about giving a mere $23 to its most vulnerable and needy citizens. Something is just not right. How did the government suddenly make $34.5 billion appear out of thin air when they were just lamenting, not too long ago, that they didn't even have $1.5 billion to help the poor? Now, the next time I hear the government says it does not have enough money and need to raise this and raise that to fund certain "programmes" to "help the poor", I will tell them: "Please stop....."

Bee tang ah! Huat ah!

Gabriel Chen wrote in the ST about this guy whose net worth is about $6m and after some computation found that he has an angpow of $200k! Wow, what about those with $20m or $200m net worth? Huat ah, huat ah : ) Thanks to the Good Year Ang Pow Budget. And Singaporeans still complaining not enough?