The incongruence of intent and purpose

There is a new Singapore in the making. Singapore will be transformed in a world class city with world class facilities for world class people. We are inviting all the rich and famous to our shores. They are going to be greeted with world class universities, medical facilities, recreational and entertainment facilities, world class transport system, world class housing, in short everything world class. And we all know that we have to pay world class prices for world class servicesand facilities. It has to be. It is going to be better than the Swiss standard of living. It is what every Singaporean is dreaming off. How many can afford to live this dream? For the lower income wage earners, inflation is soaring and eating into their petty income. Not only that they are getting not enough, it is dwindling. And we are going to keep their wages down, to remain competitive. With low income and shrinking income, how are these people, the majority of the Singaporeans, going to pay for their dreams? The only way to live their dreams is by dreaming. The reality is too harsh and will not be attainable to them. And many are agreeing that their wages should be kept low. It was reported in the ST, 'Deputy president Philip Lee, 51, said his union(SISEU) would not push for higher wages because economic prospects were uncertain. "If jobs are not coming in, employers may retrench workers," he said.' He has his point. Job security is important. Meantime we have full employment to the extent that more foreign workers are being brought in to cover the shortages. And more foreign workers and foreign talents will find employment here while Singaporeans are worried of losing their jobs and competitiveness. The best part is that we cannot stop the inflow of foreigner workers. For they are here to help the Singaporeans and to provide jobs for the Singaporeans. Low income Singaporeans would just have to bear with their low pay jobs. Better to have jobs than no jobs...and keep dreaming of a world class lifestyle.

Quote by Cedric Foo

“If the operators’ returns are satisfactory, then it is a win-win situation. If they are unduly penalised, they do not get returns commensurate with their risks … then you would have a new set of problems – too few trains, too old buses.” Cedric Foo (TODAY) With this kind of statement and acceptance that public transport will be allowed to run to the ground if profit no enough, it is time that the govt should consider taking public transport back as a statutory board. With so many supertalents in the stats board, I am sure they can do a better job without being profit crazy. And if they cannot perform, sack them. You don't pay people so much who cannot perform. And I hope no one is going to say that only privatisation can make an organisation efficient and effective. Bull.

More fare hikes coming

Look at it positively, this is another measure to curb inflation. The people are having too much disposable income. Take a bit away then they will spend less, and travel less. All in all, there will be less demand for goods and services. So inflation pressure will weaken. Good for everyone. And lesser congestion in MRTs and buses. Just hope the motorists don't go back to driving.

Is there an Inquisition going on?

Tang Wee Sung should have spent a short holiday in the Phillipines. I was watching CNA last night and there was a programme showing trishaw riders in the Phillipines. Several healthy young pedicab drivers were being featured. They were so vibrant, energetic, healthy, and happy. There have all sold one of their kidneys and are not only happy, but living life normally. And one kidney was sold for US$3,800! For that one of them said he could buy a pedicab to earn a living and also a small store. They all did it for the well being of their families. Who is to say that they are wrong, exploited, suffering? They did it willingly, as a personal sacrifice. Of course we the rich Singaporeans felt very sorry for their plight. But can we offer them any help except to deprive them of the opportunity to do something for their families? This is the haughtiness of a self centred and self proclaimed morally righteous people. No it is wrong, don't let them do it. Let them continue to live in poverty and indignity, begging for handouts. And let the kidney failure patients die. These are the honourable and right things to do. And the witch hunt is on.

The secrets that we missed

Many of us tend to laugh, snigger or sneer at some of the policies that were meant for the good of the people. But we simply missed the point. I too. And so too will be the brilliant economic professors from Harvard or Stanford or the Ivy League Ivory Towers. We were too superficial, and simple minded and could not see the brilliance of such policies. They were were grounded on solid economic principles, supply and demand. Take the case of the raising of GST to help the poor. Yes, we laughed. But after implementation, the results tell. The people, especially the poor are happy that they have been helped. Otherwise we will have them protesting violently on the streets. Such evidence of contentment must be proof that the policies are working well and well received. There are many wonderful policies that have made us successful. The last few days we were hearing people warning about inflation. But over the years inflation has been tamed. Though it tries to raise its ugly head again, immediate measures were taken to curb them. Take the ERPs and the raising of toll rates as an example. It is not just to curb traffic alone. It is multi prong. It also helps to allow more people to buy cars. But what is important is how this tackles the inflation tendency. The middle class, the motorists, have a pretty big pocket and can afford to spend. By making them pay more on ERPs, and petrols, that will take away some of their spending power. Then they will not compete with the lower income people for food and necessities. Without them spending like crazies and saying everything is cheap, there is less likelihood of raising prices by the providers. The biggest and most effective effort in controlling the people's spending power is the CPF. When the money are locked up, you simply cannot spend. So the purchasing power is reduced. So inflation too will not be an issue. People with little or no money to spend cannot cause inflation. So don't laugh when minister called on companies not to raise the pay of workers. This is an important inflation curbing measure. If all the workers are getting a pay rise, they are going out to splurge and spend. Everything will go up when there is increase in demand. This is Economics 101. Raising salaries of those millionaires is not a problem. First, the money will be extra cash that they will likely put away. It does not bother them nor would it affect their lifestyle even if you give them another few millions. They already have everything and are living it up. Their main concern or problem is what to spend on? That is a big headache. Very likely they would not be spending locally and so will not drive up demand and inflation here. They will export the inflation overseas, in their holidays and big purchases in Paris, London or 5th Avenue. Now, that should be ok as the people who will be badly affected by their inflationary habit will not be the locals here. The wonder of it all is that all our policies are so carefully worked out, implemented, that even the best economic gurus will be stumped. They are simply ingenious.