Budget – Why so little?

$6.6b with $3.2b angpows for the people were announced by Tharman in his budget speech yesterday. My immediate reaction is why so little? The Americans printed US$600b or nearly S$800b. This is roughly $2,600 per American. We are giving out about $1,000 per citizen. And we are so much richer than the Americans. They are in debt and we have a huge reserve and surpluses every year. We could do much more to help the people in a time when inflation is eating up the income of the people. In 2009, during the financial crisis, the Resilience Budget was $20b. This year we have a bumper harvest and only a $6.6b giveaway. Definitely not good enough. The few thousand dollars are spread too thinly and will disappear in no time. The most crucial issue is how to curb high inflation. Actually no lah, inflation only 3 to 4% according to the latest official reports, where got high. Why are the people complaining about such miniscule inflation? I am also scratching my head. The monthly inflation seemed to vary from 3 to 5% and the whole year inflation is only 3 to 4%. If one simply compound a 3% monthly inflation over 12 months, I am sure is it more than 4%. If really the annual inflation is 3 to 4%, and with income rising above 5%, there is real income growth for the individuals. In that case, the budget is actually a big bonus. There is no real need for an angpow budget and nothing to worry about. What is real? The cost of everything is still rising and unstoppable. This is the frightening part and no amount of angpows and handouts can do much if the outflow is faster and more than the income, angpows and handouts included.

The Chinese was the worst affected in MTL

As a group, the Chinese was the worst affected group by the Mother Tongue Language policy. Other than the numerous dialects spoken at home, many homes were using Malay or English, or any other languages except Mandarin. Mandarin was a foreign language to the majority of Singaporean Chinese who were mostly southerners. The peranakans spoke a mixture of Hokien and Malay and English. When the policy was introduced, many Chinese children were caught in a very difficult position. The worst affected are the Babas and those who used mainly English at home. Many have opted for Hopson’s Choice and migrated, for the sake of their children’s education. For without a good pass in Mandarin, the door to tertiary education is closed. More importantly, the children would have to struggle with more tuition to try to make the grade. It was misery and a painful childhood to many Chinese children. If any, the Chinese should be the group that would be shouting discrimination and being put in a very disadvantageous position vis a vis the other races. The Malays should have lesser difficulty in MTL as Malay is their mother tongue and spoken at home. I think the Indians too have quite a comparable problem with the Chinese as many spoke different dialects as well as English at home. Some of them also ended up migrating. They too did not shout discrimination. They have accepted the MTL policy grudgingly for national integration. If the Chinese and Indians would have taken the MTL policy badly and protest strongly, the situation could become ugly. Thank god that the MTL issue has subsided and is now part and parcel of life here. There are still problems and are being sorted out. For the Chinese, dialects are disappearing with the passing of the grandpas and grandmas and the younger breed are now speaking English and Mandarin. The new citizens from China would only have to struggle with English. I am not too familiar with the situation among the Indians. Tamil is not the only dialect that is being used at home. Now with the influx of the Northern Indians, there may be contention for the recognition of other Indian languages other than Tamil. This could present another situation as more non Tamil speakers become citizens. The situation among the Malays should be fairly the same then and now.

Unrest in ME, China and Russia at risk?

This is the way western analysts are thinking and hoping everyday. Tomorrow if there is a health epidemic, a financial meltdown, and industrial or manufacturing mishap, it will be China and Russia or any other country except the US and Europe that will be next in line. These silly no hopers are praying and praying everyday to see the demise of Russia and China but forgetting that the next big collapse could be the US and Europe. The US is all ripe for a revolution with the income gap widening, the middle class becoming poor and beggars, and a national debt that they may not be able to repay short of turning the greenbacks into banana currency. They are still trying to keep the lid close and hoping for a miracle. The whole can of worm could splash out tomorrow and the US could be the beggar overnight. And Europe with several countries already in the critically ill list, and many more to go but not yet disclosed. As long as Russia and China can keep on feeding its people well and improving their standard of living, the West can keep on hoping and praying for their downfall. But before their prayers are answered, the West could have gone to the rubbish dump of history first. All Empires will have to call it a day. The West is no exception. The revolution in the ME is a revolution not only against dictators but a revolution against corruption and poverty, and against Western domination. When the West loses its grip on the ME and its oil, they will come tumbling down like a house of cards.

No growth better than growth

Yes, it sounds contradictory. Growth is the essence of our economy and the vital ingredient to the good life we are having. How can no growth be better than growth? The old mature economies are flowing along with lower growth rate but maintaining a high quality of life. We have experienced many years of high growth and the quality of our life has improved by leaps and bounds. The thing is that we are now witnessing diminishing returns from our growth. In fact, while the rich are getting richer and enjoying real growth, the middle income and lower are not getting better, and many are not enjoying any real growth or bettering their living condition, despite good economic growth. A simple illustration, if economy grows by 5% and income grows by the same amount, broadly speaking, the people should enjoy a 5% growth in their disposable income or spending power. Or at least they should be slightly easier in their pockets. But not everyone got a 5% increase if the economy goes up by 5%. Yes, some got 10% or more increases. That’s why some are doing very well and very happy. Another problem is that the inflation beast that we have today is eating away everything. If inflation is 5%, everyone is back at status quo. If inflation is double or more, though the economy looks good, though the income goes a bit higher, there is really a net contraction in the spending power. It is negative growth to those whose income does not keep pace with inflation. On the other extreme, low economic growth with low inflation could be better when inflation is lower than economic growth and income growth. How much of our growth has been translated to the wealth of our people in the middle and lower income bracket? Are they really better off, sharing the growing economic pie, or are they starting to feel the strains in their pockets? A $100k increase in property price means many will have to work 5 to 10 years for nothing, not improving their income at all. This goes to the prices of cars, of high medical bills and other big ticket items. The couple of hundred dollars of salary increases are easily eaten up by the high cost of living of everything, from basic necessities, transportation, food on the table, and consumer durables. We may be in a situation when no growth or low growth is better off than high growth if the standard and cost of living can be maintained. At the rate inflation is eating up everyone’s income and savings, we should think carefully of chasing high economic growth for its sake. It could be an effort in vain. What is important is real improvement in standard of living, cost of living, not fictitious dollar increases when the value is depreciating by the days.

No child be denied an education

This is the assurance by the govt. No money never mind, just ask and will be given. Any small prints to read? Any conditions attached? Will the parents be subject to mean testing? What income level is considered as affordable and disqualified from govt handouts? A $2000 household income for one child or $5000 income for four children qualified? I think the first thing is to prove how challenging the family life is. The term challenging and affordable can mean anything to anyone. Nevermind, when a family is in that condition, no need be shy, just go and ask for help. The govt will be most happy to help. The devil is in the details. Something like no one will be denied medical treatment in our hospitals. Then why are citizens going to Malaysia for treatment? Fail the mean testing, or too shy to ask or beg?

If only Malaysia agrees…

If Malaysia agrees to let us build all the facilities we need in Johore, like hospitals, schools, housing etc etc, we can save a lot of money from paying sky high prices for these facilities and services in the island. There are obvious competitive advantages in terms of land costs. And if that happens, Singaporeans can all move over, hopefully can still work in their own country. And the whole country can be sold or lease to foreigners who can afford the high prices. As a hotel, there is nothing sentimental about this place. Let it go to the highest bidders. Singaporeans can go and park somewhere else. The cheaper land and labour costs will make living in those places much more affordable for the 21st century nomads. And we can extend the work in progress in nation building forever. No sweat, as long as Singaporeans can be shifted out and rent out their expensive HDB flats and earn rentals to live cheaply in Johore. Medical and hospital services would also be cheaper. Come to think of it, renting out the whole island and live on the rentals is not a bad idea. Our beautiful island paradise can be home to the rich and famous, our world class hospitals to serve the rich and famous…. Provided Malaysia is willing. We can truly become the modern nomads, people without a home in their own country. Oops, got homes, but need to rent out to live on the rentals outside the island as the high cost of living becomes prohibitive to the average Singaporeans. OK, the average Singaporeans can also call themselves landlords, till the lease expires. Isn’t this a damn great idea? No need to worry about nation building, no need to worry about country and citizens. Just treat the whole place as a hotel to make money for nobody. The concept of renting out our homes to collect rents and live simpler is already being in practice by some Singaporeans. Some have rented their private properties and live in HDB flats. And Singaporeans are already going to Malaysia and Thailand or elsewhere cheaper for medical treatments while our hospitals are doing fine business treating the rich from all over.

Haunted by a living myth

Singaporeans are asset rich. Those who live in bigger flats, 5 rms and above, are better off. A Pavithran Vidyadharan, welcome to Singapore, wrote to the ST, ‘ I hope on Friday, when Finance Minister Tharman Shanmugaratnam announces this year’s Budget, he will be more generous with goodies for five room and HDB executive flat owners. There is a misconception that such owners are high income earners, and they don’t need much help. It is not necessarily so. They could be living in the bigger HDB flats because their family is large; some could be taking care of their aged parents and in laws; and some could even be taking care of divorced or widowed siblings and their children.’ There are many other reasons why those living in bigger flats may not be better off. The older policies and pricing allowed many average Singaporeans to buy bigger flats as they were ‘really, truly’ affordable in every sense of the word. Some of them could now be retired and have lesser or no income. And with the great inflation Singapore Style, with no money in the pocket, life can be equally tough for those living in bigger flats. The demons of inflation and false wealth will be knocking at the doors of these asset rich Singaporeans. The only solution is to down grade and down grade and down grade. This will also apply to the wealthy scions who have inherited wealth and big properties. If they don’t inherit a business to generate the same wealth to maintain the high living lifestyle, and not professional enough to command million dollar incomes, they too will join the down grade queue. Just to repaint a house can be tens of thousands. And this is likely the main reason why the very rich do not think a few hundred millions would be enough for their children as the cost of living and inflation will soon erode whatever wealth there is there.

I am watching the property prices

I have been watching the property prices for more than 30 years. I have watched how the prices charged up and come tumbling down during a crisis. It looks like a roller coaster going up and down, beyond anyone’s control. The most spectacular time would be the recent years. After the financial crisis when prices plunged, all was doomed. Then everything turned around with everyone cheering happily as the prices went up and up. The developers, the housing agents, the investors, the home owners were all smiling. The govt was also smiling. I watch when there was an over supply of HDB flats. I watch when the HDB cut down on its building programme. I watch as the population grew with more PRs and new citizens flooding our shores. I watch how from a position of over supply turns into a position of severe shortages. And I am still watching. I watch how the frantic release of land to build more flats and the demands continue to be strong. I watch how the affordable HDB flats continue to be affordable despite all the price hikes while salary remains crawling at a snail pace. And I am watching happily as everyone says property prices are very affordable, can still go up some more, and no need to panic as there are plenty on the supply side. I am still watching. I never read the kpkbs in cyberspace and did not know what is happening. For the next 30 years, if I am still around, I will still be watching how the property prices go through the roof of the sky, and everyone claiming so affordable. It is such a wonderful past time just watching….

What did Mah Bow Tan say in Parliament?

Singapore Minister: Will Take Further Measures On Property If Necessary SINGAPORE -(Dow Jones)- Singapore Minister for National Development Mah Bow Tan Monday said the government is closely monitoring the property market and will take further steps to keep property prices at sustainable levels if needed…. "It is not the intention of the latest measures to crash the (property) market... but rather to cool the market," Mah said in response to a question in Parliament…. The above is quoted from Dow Jones. What is Mah Bow Tan trying to say? The current property prices are reasonable and sustainable. It also means that the prices can still go up and he is quite comfortable with it. There is no intent to bring the prices down and there is still no bubble yet. When there is a bubble, when the prices are unsustainable, more measures will be introduced. When or at what kind of prices will be enough to bring in new measures? What is not said is that for a $400k property, if the price goes up by 10% or $40k, the young people waiting to buy will effectively receive a pay cut of $40k. How many young people can tahan such a pay cut when their pay rise is normally $200 to $400 or $3k to $5k annually? And if the current prices are sustainable and no cause for alarm or stopping it to climb further, the young couples are as good as chasing a rainbow that only gets further away by the days. Salary increases, $4k pa, housing price up by $40k pa. Sure die one.

A very controversial statement

I am writing this in response to Solo Bear’s latest article on the govt’s policy to keep the Chinese a majority in this country. I will leave his personal attack on LKY aside as I do not know what were the reasons for his persistent attack. Since independence, and during the colonial times, the Chinese have been a majority till now. The issue is whether this a bad thing? What if another racial group becomes a majority, would it be better for everyone? For discussion’s sake, let’s say the Malays become a majority in the country, what kind of changes can we expect? Becoming more Islamic like our neighbours, with more tolerance and intolerance issues being precipitated, everything becomes so sensitive and objectionable? Would we become something like Malaysia or Indonesia, and would it be a better place to live for everyone? Would everyone be free to practise and live their ways of life, culture and religion like it is now? The experience in the region is a rude reminder that the majorities often find it so convenient and easy to conduct racial genocides against the minorities, particularly the Chinese and Indians except in this island, where the minorities can feel so safe and secure, and knowing that the law will come down hard on the Chinese majority at the slightest thought of intimidating the minorities. On the same basis, what would it be like if the Indians become a majority here instead of the Chinese or Malays? Would the same policies of the govt continue, or would new policies be for the better or the worst? Having live through the last 60 years and witnessing how living conditions have improved for all the races, I have no reasons to want a change in the racial composition of the population. It is easy for me to say so, I admit, as a member of the majority. I know, the minorities will have very strong views on this. I must say that under a Chinese majority rule polity, anyone who is able will be able to succeed by his sheer effort, ability and industry, not a right by virtue of his colour or creed. Some will be more successful than others for other reasons but not because they were the majority, as many Chinese too were struggling to improve their own conditions but not getting anywhere. I don’t like what I see in neighbouring countries on what the fate of the Chinese Singaporeans could be if they become a minority. If the govt can continue with a policy of providing and assisting the minorities in every way possible to make them compete better with the majority, I think this can be a better place for everyone. The govt can do more to help the less able of the minorities to make their lives better for the good of everyone. I think Solo Bear’s position is that a Chinese majority is not a good thing for the minorities. And I believe he thinks a change from this balance is good for everyone. Please think about the alternatives, and feel free to disagree with me and share your views generously, with a little restraint on the adjectives: ) PS. I will delete this thread if the discussion gets uncontrollable and unreasonable. It is a test of the maturity of Singaporeans to be able to discuss issues rationally with minimal emotional outbursts.

Intolerance or primitive mindset?

I was looking at the picture of this Afghan girl, Bibi Aisha, with holes on her face in place of her nose. She ran away from an arranged marriage and was caught. Her husband cut off her nose and her ears. With an artificial nose attached and waiting for a more permanent nose and features, you can see how beautiful she was. The act to disfigure her must have a lot of support in her tribes as it is part of their culture and practices. And the husband must be doing an honourable act, in delivering justice in their own ways. Many who share this form of justice and primitive acts must be very proud of the husband and would be saying Aisha deserved it. Is this intolerance, primitive or the correct way of conducting life? The answers will be from white to black, with many apologists explaining why it was justified. A state of frenzy has been drummed up in Malaysia, the most advanced and moderate Islamic country on the celebration of Valentine’s Day. One reason mentioned and I quote from the Selangor’s Islamic authority, ‘It is celebrated in many ways, starting with greeting cards, flowers and dance parties. In fact, some celebrate it with a date which would eventually lead to illicit sex. Clearly, the celebration is not part of Islamic teaching, it violates the syariah and contradicts the universal code of ethics.’ Which part of this celebration violates Islamic teachings? The part leading to illicit sex, I believe. I believe it also said that ‘some’ and not all will lead to this part of the act. Many who celebrate Valentine’s Day will not engage in illicit sex. And Valentine’s Day does not dictate or encourage anyone to participate in illicit sex as part of the celebration. Don’t get me wrong, the Islamic authority has all the right to ban whatever that they deemed fit and their believers must adhere to them. The Muslim should not celebrate Valentine’s Day for whatever reasons they want to uphold. The Christians or Westerners can go ahead to celebrate their Valentine’s Day in whatever way they choose to, even illicit sex, as long as it is mutually consensual. When both parties can accept each other’s position, life will go on as normal. For this issue to be debated so emotionally, it is a sign of intolerance. Let’s hope the intolerance will not be exploited into something ugly, like cutting off noses and ears. The religious police are expected to be snooping around dark corners to check on the identities and religious backgrounds of couples in close proximity. I hope they will do it discretely and would not behave like rogues, and leave the non Muslims alone.

Rising cost of living an issue in Parliament

Several MPs will be raising issues and concerns about rising cost of living, or costs of everything in Parliament on Monday. My eye balls are rolling all over. Who is the major contributor to the high cost of living? External factors! Bull! We all know who and what were the major causes of high prices and high inflation. But no one is going to go to the monkey and stick a pin into its back. The indiscriminate jacking up of prices by the hawkers is causing great worries. Really? Are the hawkers the real culprits, or were the price hike indiscriminate? Who were the real Mohicans who have been raising prices indiscriminately? Then again they will tell you all the hikes were justified with numbers and statistics and graphs and charts presented by the most talented managers. You can’t beat that can you? Only the hawkers, facing higher and higher rentals, refurbished and upgraded facilities, aircon, etc etc and higher cost of raw materials, transportation,…but unable to come out with beautifully cooked data and charts, are seen as indiscriminate. The real causes of high prices are the big corporations, big businesses and, who else? …. Rentals, fees, transportations, land prices, and whatever were Not indiscriminately raised, but with very good reasons that are unquestionable. At worst they would not even show you the real statistics. Would someone be real and ask some honest and real questions in Parliament? Or would asking questions solve anything other than getting some prepared answers from the ministers and matter closed? Don’t be surprised some jokers will say inflation is progress! Or inflation is good or else how could a $10k HDB flat becomes $300k after 30 years. And high prices of cars, COEs and HDB flats are signs that the people are wealthy and rich and can afford to pay for them. With this kind of brilliant answers, one can argue until the cow comes home, and nothing will change. Any change will be temporary, pre GE, and the worst is yet to come, with more brilliant explanations.

Donation Drive to free Chee Soon Juan

Someone asked me why I did not post anything on this issue that is pretty hot in the internet. I replied, 'Shameful'...for I did not do my part.

The scourge would not go away

Many have been caught, jailed and caned. Unfortunately the harassment against innocent residents continues. It seems that it will never end and can never end. Is it so difficult to deal with loan sharks with the technology and resources today? It was reported that less than 1% of HDB households are victims of loan sharks. Using this percentage angle to describe the crime as if it is insignificant is shameful. And if even one case is too many, how can we live with so many cases? 1% of 800,000 households means 8,000 households are being harassed by the loan sharks. And this is a huge number and can never be tolerated. Imagine if the ST claims that it is acceptable to have a 1% typo error on its news papers, or the PUB claims that 1% of power outage is ok? It means that on every page of the paper, every 100 letters there will be an error. Similarly, every year there will be 3.5 days of power outages. Acceptable? 1% of households are victims of loan sharks cannot be accepted as good or even satisfactory. When will the scourge be removed from our shores? Paying top dollar, the people must demand for top dollar performance.

Our Malays are integrating very well

Several articles appeared in the ST yesterday on comments that were translated from Berita Harian and Berita Minggu, our Malay papers. They were the views of our Malay elite responding to what LKY said on Malays integrating into the main stream of our social activities. The views were guarded but mainly told of how well our Malays have adapted and accommodated to the modern life style of this city state and tolerating the differences in cultural and religious activities. On the first page of mypaper there was an article about the authorities in some Malaysian states ramming up checks on immoral behaviours between the sexes during Valentine’s Day. The Islamic apparatus will be increasing checks and patrols on Muslims in dark corners engaging in ‘immoral acts’ of close proximity. I must add that such vigilance is only confined to Muslim authorities wanting to ensure that the Muslims are not indulging in sinful lifestyles. I have read an article in the net that when Najib was invited to attend a Christmas function by the Catholic Archbishop of KL, there was a polite request that the Christian cross be removed, no carols and no prayers during his visit. That is the level of tolerance in Malaysia. This is from an article by John Malott, former US Ambassador to Malaysia. I stand to be corrected, there were postings in the net that there were calls to prohibit the sales of ‘bak kut teh’, ‘char kway teow’, ‘wan tan mee’ etc etc unless they are halal and carry the halal signs. Thank god, our Muslim brothers are more tolerant than the Malaysian Muslims and did not insist on such regulations. In the ST articles, many emphasized that the Singapore Muslims have no problems eating together with non Muslims and are mixing freely while keeping the limits of their own constraints. An article by A Rahman Basrun commented that Islam is not the problem but the Muslims were. I quote, ‘Finally, it is not Islam that is troublesome; rather, Muslims are the ones who cause trouble to Islam.’ By comparing the two states, Malaysia and Singapore, both have Muslims practicing Islam, we can see what is the real problem. I agree with Rahman Basrun, that Islam is not the problem, but the Muslims and the way they practiced their faith is. If that is the case, LKY’s comment is fair in the sense that Islam allows room for tolerance and the Muslims could, in some ways, moderate the practices, without compromising on the key doctrines, to adapt to other cultural and religious activities. If Islam is the source of intolerance, then there is no room for any moderations.

MAD-ness in the financial world

The concept of MAD, Mutual Assured Destruction, used to be only applicable to superpower conflicts where both parties will destroy each other with their WMD. The end of the world consequence of this concept is enough to bring fear and prevent any crazy hot heads from attempting war with nuclear weapons. This term is gaining relevance in the financial industry with all the devious and greedy men in charge. They all think very big, with big machines in the forms of high speed computers and networks to link all the markets together. What this means, simply, is that all the big guns can be trained at one market and blasts it to the end of the Universe. Impossible, they said. There will be no collusion of that sort, market forces and regulations will not allow it to happen. Really? When there is GREED! The financial world is so corrupt that with all the devious men in charge, all the classical rules to ensure fair play have been shoved aside and buried. Fair play, level playing field, transparency, cornering the market, buy and sell without change of ownership, false trading, churnings, syndicates manipulation, etc etc are now part of the game. We are seeing the breaking down of all good regulations, even deregulations, concocting systems for the big funds to take the fullest advantage of technology and their financial muscles to wipe out the markets. Theoretically it sounds fantastic and super efficient when the whole world and all the fund managers can trade in every market at the same time. It is an ideal market, with many players to allow the free market forces to run at its most efficient manner. In reality, a financial holocaust is waiting to happen when the power of destruction is in the hands of a few irresponsible and greedy men with no morals or responsibility except to make profits at any cost. God is great. It allows ingenious men to scheme together to meet at Armaggeddon happily, and thinking that they are very clever, to create the mother of all systems for self destruction. Globalisation, interconnectivity, de regulation, mergers, etc, etc, all points to one end. The rogues never think that they are the rogues. And they are in charge. We have experienced the frightening story of too big to fail. The next big story is too big for the good of everyone. The big funds, when acting in unison, can be more destructive than WMD. The world was given a glimpse of what is yet to come during the financial crisis. If the rascals in the financial industry are allowed to do what they wanted, we will get there sooner. They are linking all the markets together, to be burnt together at one go. Does it ring a bell? It is happening in Hongkong today!

More wanting to set up money lending business

I thought why the sudden interest in money lending and why Singaporeans are suddenly so enthused to want to set up businesses. Then I read in the net that there is this great idea being floated to help the poor Singaporeans to help themselves. It is about the poor oldies who have no money and needed to borrow money to survive. I was told that the scheme is to lend money to these oldies, who must first be over 65 years and be mean tested to be genuinely poor. Then they will be allowed to borrow from their own savings in their CPF accounts, and to pay interest of course. But one more interesting conditon. In order to be finally qualified to borrow from their own savings, they must first contribute 1% of their income, I supposed, to their savings first. Then only they can be allowed to borrow from themselves, or something like that. I also got confused as the logic was simply too brilliant that I am blinded. And why the long queue to set up money lending business? I think all those in the queue must be thinking that if the borrower has to put in money first, then they might as well be around to take the money upfront and talk later. And if the borrower got money to put into their savings accounts, they shouldn't be too risky. Am I right in thinking like that? Did I miss out something? This must be another one of those Uniquely Singapore schemes.

Ask and it shall be given

Every now and then, on Saturdays, armies of school children will be despatched into the streets, with a tin can in hand, to beg for money. Just ask, and the money will come in. People are expected to give, not to reward effort, but to beggars. The concept of begging to get easy money has been so successful that many big charities find it so convenient to beg for more money by organising them in a big way, with celebrities and public figures doing the begging. It is an annual affair and being conducted several times a year. And it is so popular and so attractive that foreign celebrities too find them very interesting and fun, begging for a good cause. We have a few infamous personalities that got so carried away with big time begging that they ended up behind bars. Money easy come easy go. When money can be had so easily, where is there a need to work? A young man even went to an extent of setting up several charities to beg for money, for his own pockets. And several others too did it in style. The latest I heard over the news is that grandmas are also roped in to the begging act. Great fun man, and so much enthusiasm shown by the grannies to beg on the streets. Soon more grannies will be attracted to this new found past time. Did I remember someone saying there is no such thing as free lunch? Nothing is for free. You want something, you got to work for it. With begging becoming a national past time, is there a contradiction? This culture of begging when one is young, begging when one is an adult, and begging when one is old, is sinking roots as a national culture here. Possibly we are the biggest nation of beggars.

Baby Shield?

We have MediShield and now BabyShield akan datang. Of course we have many kinds of shields for the oldies as well but in different names.. Soon there will be the ‘bao ka liao’ shield to cover from birth to death. Child birth is a risky business and statistically quite a significant percentage will be born with congenital problems or other birth defects. And the bottom line, it means a medical bill to foot. How come parents are not told that giving birth to babies is not simply footing the gynaecologist and delivery bills? There is another big chunk to be paid for birth defects and other related illnesses that is not cheap. So there is a need for BabyShield. Ah so. Can this be one of the prime reason why there is this urgent call to make more babies, to contribute to the economy by paying more medical bills plus insurance? Making a baby is a economic big factor that will add to the economic growth data. Just look at the cost the parents will have to bear, from conception to delivery, pre natal and post natal medical support and all the related medicine and medicare services. And that is only the beginning. The cost of bringing up the child, food, clothing, medical care as an infant, then nursery, kindergarten, pre school, and all the schooling till employment, and all the expenses for growing up. Finally as a young adult, 2 years for the country, follows by all the education needed to become employable. How much must the parents pay? Making babies is all about economics and the economy. A child could add at least half a million dollars to the economy before he makes his first dollar. Multiply this figure by the 30,000 to 40,000 births annually, the amount contributed to the economy is immense. The parents will have to foot the whole bill, plus all the shields. Should the govt share some of the cost of making babies, raising babies and educating them? The BabyShield can be a good start, plus all the medical bills for the delivery of a baby. This leads to another fundamental issue, the health of the people. If the headcount is so important, and if the people cannot afford to pay when they are sick, or dying, their loss is the loss of the country and the economy. Every headcount less will be a dent to the economic numbers. But the people are expected to pay for all the shields to keep themselves healthy and fit to help grow the economy. The country needs your babies. But you carry the can and pay to support all the services provided to bring up the babies. In other words, it is your problem if you bring out a baby to this world.

All the foul ups

More committees are being formed to come up with more recommendations to rectify the ‘foul ups’ by the govt. There are calls for slaying the inflation spectre which was happily reared to the size today as a good policy. The high prices of everything were seen as good and affordable. Now there were calls to do more to integrate locals and foreigners, as if the govt is not doing enough. Reach has formed a workgroup to look into the growing income gap and the rich poor divide as if the govt does not know. It also highlighted the ‘unequal balance of benefits and obligations between locals and foreigners, such as national service liability, in contrast with equal opportunities provided to Singaporeans and immigrants.’ There were several other recommendations on how to tackle the high cost of livings and how to help the low income group. All this sounds good and helpful. Look at it in another way, are they saying that the govt is not doing a good job and needs help from outside? Or are they thinking that the govt did not know what it is doing nor the effects of its policies? I believe that all the super talents involved in policy making knows exactly what they are doing and had thoroughly thought through all the processes before implementing them. In that case, what difference would such recommendations make or could make to all the good policies? I am sure the govt does not foul up in what it is doing. Everything has been carefully planned. Look, despite the high housing prices and medical fees, everything is still affordable and the people are happily paying for them and asking for more. Those who are buying definitely can afford them and expecting the prices to go higher. And looking at the long queues, it is obvious all is well. $150k medical bills are rare and need not be a worry. Do we need to set up more committees to make recommendations to the best talents in the govt to make the govt works better? My apologies, I am not sure whether the talents in these committees are lesser or better talents than those in govt. To be effective the talents in these committees must be better than those in govt. Otherwise it just does not make sense.