the 6.5 million paradox

The 6.5 million paradox What is the relationship between a citizen and a country? Theoretically, the citizens own the country. We, the citizens, not all locals by the way, own this little piece of real estate and everything that we have not sold to private ownership. We, the citizens, not all locals, are part owners of all the monetary wealth of this country. At the moment, with about 2.5 million citizens, each of our share of this real estate and all the reserves and investments is 1/2.5 million. Do we then have a say if this real estate and reserves and investment are going to be divided by 4 or 6 million? Our representative system of govt means the election of ordinary citizens to form the govt to look after our welfare and real estate and national coffer. If our elected representatives said they are going to share our real estate and national wealth with foreigners who are accepted as Singaporeans, do they need to ask for our consent? This is like planning the use of our CPF money or our salaries.

nkf story - chapter two

NKF story Chapter Two And the story continues. Poofs....Chapter Two is intentionally left blank as everything came to an abrupt end behind chambers and closed doors. And they all live happily ever after.

the poor rich middle class

'They often feel ignored and mercilessly squeezed.' Said Christie Loh. This is the strongest language ever appeared in a main stream paper. If she wrote this a few years ago, wonder what kind of reaction she will get. Christie is referring to the middle class group that have been left out of all the assistance by the govt and unable to find jobs. And also the sandwiched class, a group that earns between $2,990 and $7260. And they need help. My god, with this type of income they need help! How then do one expect those on govt aid to live with $230 or even $400? And their problem extends to not being able to find jobs or jobs that will pay them half of what they used to get. The PMET, Professional, Managers, Executive and Technicians, the fallen talents of our own citizens, cannot find jobs when unemployment is passe, when we have created so many jobs. What is wrong? Why are our talents not employable and we need to find more foreign talents to replace them? Old? 50 or 60 considered old? Leaders like LKY, Chok Tong and Boon Heng should conduct lectures to all the CEOs and HR Managers about the value of being old. Wisdom, experience, contacts, networks, are what age comes with. Oh they are untrainable? Why train them to do new stuff when they have acquired so much skills and experience in their profession? Can't they be recruited to do what they were doing before? Are those jobs extinct or taken over by younger foreign talents? And old cocks cannot learn new skills? Boon Heng should tell them what he is doing now. A completely new portfolio, to look after older workers, a silver industry. Was he in this field before? Definitely not. And it is new and he can do it. What the....

opt out or your are in

Tan Kim Minn wrote a letter to Today calling Singapore an OPT OUT country. You need to opt out in many things or else you are in. He quoted Dependents' Protection Scheme, Medishield, Medisave and CDAC as examples. Then there are the Sinda, the Muslim Mosque Building Fund, and of course Hota. But the mentality here is that it is only a few dollars, or it is for your own good, or it is for the general good. So it is alright to opt you in unless you take all the trouble to opt yourself out. The problem is that many people did not know what they have been opted in. And that is their problem for being ignorant or lazy to find out or to opt out. It is their own fault.

landed properties, good and bad news

Bad news, good news 6.5 million population is bad news for those living in landed properties. You can bet that they will be next in line for land acquisition to build high rise flats. And under the old policies, they are unlikely to get back the full worth of their properties. Now the good news. The govt is amending its land acquisition rules to pay market price for properties acquired. Now many people are going to sleep peacefully knowing that their wealth will be protected. This will give a lot of confidence to the high net worth people or potential rich migrants coming to our shores. They will not be shortchanged and they can happily go about investing in landed properties.