What's happening?

Liang Dingzi wrote about this guy who has past the age of 62 and wanted to continue to contribute to the Supplementary Retirement Scheme but were rejected by the MOF. I would think the govt that is so concerned about retirees having no savings and wanted to introduce compulsory annuity schemes would be happy that they are willing to keep more money in the CPF. Maybe Eng Hen should have a word with MOF on this. If people are willing to save more voluntarily, then there is no need to compel them to do. What's happening?

Two most caring and hardworking ministers

Boon Wan and Eng Hen are the two most outstanding ministers working very hard to improve the life of Singaporeans. Boon Wan is cranking every ounce of his brain juice to bring down medical cost and improve the quality of B2 and C wards. Eng Hen is trying to make sure that all Singaporeans who live past 85 will still have money to spend. I was thinking of putting up a scroll for Singaporeans to sign and show their appreciation for the hard work they have put in, and to thank them. The Singaporeans felt it in their heart that all these works are good for them. But what I would like to suggest to them is not to work so hard. Take a break and go for on holiday. Let the Singaporeans take care of themselves and their lives. I think Singaporeans will greatly appreciate them for it. In the case of hospitals, no need to further improve the quality of B2 and C class wards. The present quality is very good, excellent. The wards are more comfortable than the homes of many Singaporeans using these wards. So no need to agonise over richer Singaporeans wanting to stay in these wards when they are made better. Better spend effort to improve the B1 and A wards so that the richer Singaporeans will choose them as a matter of choice. As for Compulsory Annuities, no need lah. Those who can afford to pay for them, don't need them. And they will probably say, don't waste time. Those who need them would not be able to afford them. And making it compulsory will make their lives more miserable and their pockets more empty. They will end up cursing and swearing. Those in between will say the amount will not be enough and be quite meaningless. So my best suggestion is not to do anything. Take note that the people appreciate their good intention. Go for holiday and make everyone happy.

Taiwan healthcare more affordable

Liu I Chun wrote an article in the Today paper on the Taiwan Healthcare system. He said that the Taiwanese system is not only more affordable than Singapore's, its waiting time to see a specialist is also shorter. He gave an example of an eye specialist bill of $44, complete with diagnostic tests and consultations. And this is half the cost in Singapore. 'And one can see a specialist (no referrals needed) on the day itself if there are last minute appointment cancellations.' What is interesting is the World Bank Report he quoted on healthcare expenditure as a porportion of GDP, 4.6% for low income nations, 6% for middle income nations and 11.2% for high income nations. And Taiwan as a high income nation, spends only 6.2% Better still, Singapore, another high income nation, spends only 4% of its GDP on healthcare. I take this as a compliment for being efficient, providing a good healthcare system at a lower cost vis a vis the GDP. What Liu suggested, and I wholely agree, is that Singapore can afford to spend a little more to subsidise the health cost for its people.

All for nothing

Lately we are seeing many queer things happening around us and affecting our lives. So much effort and resources, expensive brain juices were made to flow, all for nothing but principles and beliefs. People believe that something is right on principles, people believe that something will happen, and they went about insisting that things must be done to fit their principles and beliefs, even at the stake of stirring up more emotions and unhappiness. Guess what I am talking about? In management science there is this concept called Pareto Principles. You do not waste too much effort on little returns. You spend effort in areas where you can get the most returns. Stop wasting time beating a dead horse.

Money Not Enough

We used to sneer at the poorer Singaporeans for their endless complaints that money is not enough. We sneered at people with $250 and asking for $50 more, the taxi drivers earning $3000 and wanting $9000 or the doctor who earns a million and wanting $5m. This is a negative way of looking at people and their drive to improve themselves. It is this drive, the greed to want more that keep these people asking for more and striving to improve themselves. We all know that greed has two sides. On the positive side it is a very powerful motivator, a great stimuli to keep people going. The news reported that Suharto has a strong will to live because of his army training. This is bull shit. It is greed. The greed to see his wealth and enjoy his wealth. The greed to live longer to protect that wealth. Greed or money not enough is in our blood. We are what we are today because of greed. If I were to form a political party, I will name it MNE Party or Money Not Enough Party. The party will then be assured of attracting the best brains to serve. The reward is real. It is truth and not tooth. Talented people will all volunteer to join the party. Nothing to hide, nothing to pretend. They will openly say they are in for the money. The good thing about a MNE Party is that there will be no hypocrisy. You get what you see and be proud of it. Alternatively can call it GIG Party, or Greed Is Good Party.