7/10/2008
Wage increase will cause inflation
Yes, this is true and nothing can be more true than this. Wage increase will cause inflation. To be specific, worker's wage increase, not any other wage increase. The logic, there are so many workers. And if employer gives one worker $20 increase per month, you know how much more money will go into the market. Sure it will cause inflation. Nasi lemak and chicken rice demand will go up and hawkers will quickly raise their prices.
Other things can increase no problem. When other things increase, the workers will have to pay more for them. So their disposable income will come down and they cannot anyhow spend. So less demand for food and necessities. So prices will not go up and inflation will come down.
This is a secret to our success. It's elementary, Watson!
At least 65% to form the core
LKY said that we need at least 65% of born and bred citizens to form the core of our society. Has this number been breached. My guess is that it has been breached long ago. With 4.6m population, with the born and bred probably 2.5m, excluding the PRs and new citizens, the born and bred are likely to be slightly more than 50%.
As a hotel this is good. In fact, as a hotel, the born and bred should be reduced to 20%. 50% is pushing the limits for a nation. This kind of number can only be attained by unthinking policy makers who are shallow and short sighted and do not know what the consequences will be.
A country without a people that will call this place home and will die fighting for it is no longer a nation. We are in all aspects a hotel or a hotel in the making. If the kpkb about not wanting to defend this country as it is not worth defending gets more prevalent, this little rock can go to the rubbish dumb. It will soon be up for sale to the highest bidder, just like Christmas Island.
The first generation fought and built this island with their sweat, blood and tears. In less than 3 generations, we are seeing a new group of people who have no qualms in giving it away. The Chinese saying of a fortune that will not last 3 generations is going to be realised soon. The local born and bred will soon be a minority and will be asked to get lost if they are not happy here.
And not only the unthinking citizens will be telling them that, the new residents too will be urging them to do so. And who shall inherit this piece of rock? We have not gone down the slipppery road that far yet. There is still time to put on the brake and relook at some of the policies that are being implemented and pull back before it is too late.
LKY knows what he is talking about. But would others understand him or working towards a different direction.
7/09/2008
Wanted - Dead or Alive: Matilah Singapura
Now where has this guy gone? Arrested in Bangkok for having a drink too many?
Same bed different dreams
When the foreigners landed in paradise, it is like waking up to a dream comes true. Everything is exactly what they want and are looking for. The beautiful infrastructure, the gleaming buildings that they can desire to be home, the first world lifestyle, and jobs aplenty. Then the great hosts welcoming them with red carpets and open arms. What a beautiful dream.
The elite too wake up to a reality that many could only dream off. Everyday is wine, women and song. No need to work too. Just manage their assets well. Make sure that property prices and all prices go up. Property prices up means asset value increase. Rental up means income increase. Higher ERP means having the road to themselves.
Jobs, no need jobs. No need to work. Some are even luckier. Being paid in millions to go on holidays or sipping teas attending board meetings.
The citizens, the Singaporeans, wake up to a different dream. Tighten your belt, don't expect charity or welfare. Look after yourself and live within your means. Work till you die. Downgrade lifestyle and expectations. Eat less, use less, take bus or walk.
Actually the writing is on the wall. Move out if you can't fit in. Even the foreigners are singing the same song. Move out if you are so unhappy. We are here to replace you. All you ingrates, not knowing how lucky you are.
And the system is designed for the locals to move out. Money lock up in CPF cannot touch. So got money as good as no money. When one is going to work till he drops dead, there is no need for savings for retirement anymore. Outdated concept.
The message is very clear, that you can have your money only if you move out. Migrate, denounce your citizenship and the money will be returned to you. And good bye, good riddance.
All in the same bed but different dreams.
Why 2 senior ministers and 2 DPMs?
There is an article in Zaobao forum on 8 Jul discussing why the PM needs two senior ministers and two DPMs to assist him. Given the super talent nature of all the ministers, surely the PM should be capable to hold the fort himself, alone. The forumer were trying to reason why is there a need for so many ministers to assist the PM.
Subsequently he set this aside and commented on the impression of all the PMs, including the Chief Ministers that Singapore has had and found only David Marshall was the only one who could inspire and create a special aura around him.
He then suggested that if the senior ministers were to volunteer to serve the country by taking a $1 salary, the people will greatly admire them for their greatness. After all every one of them have fortunes that could last several generations. Money is not an issue to them. Don't forget they are still receiving their great pensions, probably in the millions.
This is an interesting article, really.
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