The new Singapore success story

Ting Kah Ting is a very happy man. As a contractor his income is inconsistent. He had problems paying his mortgages for his 4 rm flat but HDB was understanding, agreed to stretch his payments in smaller amounts and at one time allowed him to postpone his payment for 6 months. Today he has no more outstanding loan. Peace of mind. He sold his 4 room flats for a tidy profit and downgraded to a 3 rm flat and live happily with his 4 children age 11 to 21. The morale of the story is that Singaporeans can live a happy life if they know how. The trick is downgrading. Singaporeans are downgrading from bigger flats to smaller flats. And the demand for smaller flats is exceeding supply. HDB is rushing out a programme to build more 2 and 3 rm flats. The other kind of downgrading for a happier life is downgrading jobs. Many Singaporeans are finding a new life, new contentment by going for training to acquire new skills that can fit them into lesser paying jobs. And of course the lifestyle needs to change a little. Take public transport or buy a smaller car. Eat more at foodcourts or hawker centres instead of restaurants. Life will not be the same again, but without worries. An anonymous blogger here posted that many young girls are earning more than $10k pm. These are real. And many more are earning 6 figure salaries per month, too big that they don't appear in the statistics, just like when you type in 10 zeros into a calculate, it cannot be shown. The calculator cannot capture too many zeros. Some are even more fortunate. On retirements they were given directorships that pay them double or triple or quadruple their incomes when they were fully employed. And all they need is to attend a board of director's meeting once a month. But the best goes to those who retire with a pension good enough to buy a private property every year. But the pension is only the appetiser. They will be moved from running a full organisation to one that practically does nothing and continue with full pay plus pension. Now that is the real success story. They can now live life to the fullest, enjoy what they missed as little children and buy the Porsche or Ferrari that they dreamed off in those fairy tales. Singaporeans have different success stories.

Why be mean when no need to?

I have spoken enough of mean testing. But I must say it again and again to show how detestable is this thing called mean testing. By the way, how many of you think that mean testing is an acceptable and decent thing to do to another loser? If you think it is ok, then you must be prepared to be mean tested when your turn comes. Not everyday is a sunny day. There will be cloudy days, raining days and thunderstorms. Your sunny day may be over without you knowing and thunderstorm may be here tomorrow. The idea of mean testing is simply that the poor can be humiliated, that they can be paraded in public, to any strangers to prove how poor and what a failure they were in life. This kind of thinking can only be present in the minds of the rich and powerful who have no qualms in treating the downtrodden as useless bums, deserving to be abused. It is an elitist concept. It will not happen to me because I am rich and successful. And I will not be a loser. So it is ok to line up the losers and subject them to despicable acts of verifying how poor they are. Make them show you how miserable are their incomes, open up their bank account books to reveal that there are only a couple of dollars left, make them reveal how useless their fathers and mothers were, all losers. Then give them a pat and say ok, you poor bastards, you deserve the handouts. It is a sad day if our elite show this lack of compassion and kindness and subject the poor to such disgraceful acts in the name of kindness and compassion. Oh this is in place to catch a few cheats! I regard this as a failure of good policies. A good policy should be able to do it without the humiliating experience. It is totally devoid of human kindness.

Market Pricing and market economy

I have posted many times, and most of you are aware of my views and orientation with respect to market pricing and market economy. I always believe in moderation, market pricing with a little govt interference without allowing extremism to push things too far. The pricing of HDB flats, medical fees, and all kinds of services are gradually moving towards full market pricing in a market economy and it is something I don't agree and don't feel comfortable with. My position is that the govt must always work for the betterment of the people and a market economy running along market pricing is only as good as long as it is good for the people. If it is good just to make more profit at the people's expense or causing more hardship to the people, then it is not good no matter how fair it is claimed to be. The govt must always be for the people. The profit made must also be for the people. The money made from the people must not be excessive. There is no point in hoarding a huge reserves when the reserves are not managed for the interest of the people. As the govt edges further and further towards a full market economy, many policies will eventually be market driven. Good or bad is not an issue. Here we have a govt that makes it very clear of its philosophy and policies. There will be people who agree and support such philosophy and policies. There will be people who don't agree. It is good that the govt takes on such a position, clear and transparent. It allows the people to understand how such policies will work out and how they will be affected in the process. The people can then make an informed choice of whether this is what they want. And it will be good if there are alternative parties presenting alternative models for the people to choose from. For the dogmatic and party loyalists, they may want to view the alternatives as a for me or against me ala the idiot called George Bush. This is a very narrow minded way of how a country and its people should evolve. In a democracy, it is the people's choice and not a matter of you are my friend or my enemy. I am not sure how many of you are in favour of this trend of market pricing. I know that some are for it and some are against it. While we are discussing such issues, let's be more objective and mature and avoid behaving like kids. It is not a crime to disagree with the policies of market pricing. Neither is it a vindication of goodness to support it.

The Hippocratic Code

This is one of the most honourable code of any profession in modern society. I believe those who swear by it still believe in it and would like to uphold this code of conduct. The Code upholds the value of life, not money. What is happening to the medical profession is that it is being turned into a money making machine, a very efficient and ruthless one at that, by the people running it as a business. Today, being admitted into a hospital, even a privatised govt hospital, do not be surprised with a bill that goes above $30k or $100k or even more. The amount to be paid for a month or two in a hospital is enough to buy a 3rm HDB flat! The question is whether the medical professionals who swore by the Hippocratic Code have any say in how the profession is being turned into a money making machine in direct conflict with what the Code sets it out to be? The doctors were very highly regarded as honourable men with a noble passion to save lives and heal the sick. It will be very sad and disappointing should their reputation be tarnished by this madness to milk as much money as possible from the sick and helpless. These are people who are in a desperate state of medical and mental condition that made them highly vulnerable, and money is no longer a factor to them. To slap these people with an exorbitant bill beyond their means is cruel by all counts. The medical professionals should wrestle back the control and management of their profession from the business minded and money minded people and restore honour and respect back to them. Other industries can go to the dogs, but not the medical profession. It is the last bastion of human decency that needs to be defended by none other than the selfless and passionate medical professionals themselves.

Are there saints running corporations?

Bankers Can be victims, too! Everytime a Singaporean makes a frivolous investment claim against a bank, he undermines thousands of genuine fide cases Dec 31, 2008 This is the heading of an article posted in www.littlespeck.com. The gist of the article is that bankers are also innocent victims to unscrupulous customers. And the bigger picture is that most organisations, including banks, are run by highly righteous and honourable people. What a myth. In my experience, many organisations are headed by unscrupulous thugs. This is the kindest word that I can use. Anyone think otherwise, that there are saints running organisations? Of course there are a rare few that still believe in a little virtues and moral standards and responsibilities. In the name of profit, survival, politicking, all kinds of unspeakable things were done for self preservation. Anyone working in a corporation would have experienced them personally, seen them in practice or been a victim of such thugs. Am I telling the truth a bit too hard?