When will the balloon burst?

There are many things that we are paying through our nose and are taken for granted as our way of life. The question is whether we should be paying so much for them, and if we can afford to key paying for them. Our housing is going the way of Hongkong and Tokyo. Our cheap public housing is no longer cheap anymore. And we will make them more expensive for the good of the people who have bought them. But someone must pay for it and keep the balloon from its unstoppable inflation. We are paying for cars that cost about one third of its import price. For $50k or $60k, we could be driving much bigger and more luxurious made cars. Or we could be driving the same cars and saving a fortune from it. How much does a Toyota or Honda cost really? And how much is a Mercedes or a BMW? Are we being shortchanged? And our medical cost is skyrocketing like hot air. Funny thing is that there is a ruling against doctors overcharging their clients. The complicated surgical procedures and the expensive and sophisticated equipment will add to the cost. What about cough and colds, tooth extraction or fillings? The way it is going, another big chunk of our income will have to be set aside to pay for medical cost. Then we have to pay astronomical salaries to ministers, and some are still complaining. But this is the cheapest to pay for. Just one plate of kway teow or maybe add another plate every time they increase their salaries will solve it. This one is cheap really when the cost is spread around to every Singaporean. The good thing is that Singaporeans can afford to pay for all the extraordinary costs of things which need not be. And there is no fear of the balloon bursting as long as we can keep paying our people more and more salary to feed all the high cost items. Can we really continue to pay our workers higher and higher salary in a competitive and interconnected world? Why should our cleaners by paid $1000 pm when other countries are paying them $300? Why should our average workers by paid $2000 pm when others are paid less than half of that amount? Can productivity really solve this imbalance? Use more machines and computerisation and lesser manpower? Starting from the worker's level, once they cannot feed the system to pay for their cost of living, the effect will be felt to the next levels. But some levels will be so insulated that nothing will happen to them even if the dam breaks. For now, the magician and his magic wand is still doing wonderfully and paying for ever more expensive items for a living seems to be easy.

No criminals in our casinos

The police have announced that 3,500 people with serious criminal records will be barred from the casinos under the Commissioner of Police Exclusion Order. This is different from the Self Exclusion Order that a gambler or his family could exercise to keep himself out of the casinos. This is another positive step in the right direction to keep our casinos crime and sleaze free. I am sure all the religious organisations will also be helping the authority in their daily sermons to advise their believers to stay away from the casinos. With this two prong approach, the casinos can be sure to be free from criminals and angels. Only the secular and ungodly people will be left to visit these new playgrounds. I am wondering whether those commercial cheats who squandered away money from commercial and charity organisations will also be barred? I think they should. People who committed breach of trust, commercial frauds, dishonesty, should also be excluded from the casinos. With such an exclusion order acting as an additional deterrent, the casinos could be doing a good thing for society, telling potential cheats to be good if they want to play in their games rooms. An incentive not to take the wayward path.

When paradise beckons

We are into the second month of 2010 and things are gradually transforming. The stalwarts of first generation Singaporeans are fading away one by one. Ng Teng Fong, the richest man here, has been called home to the Lord like many before him. Our Olympian Tan Eng Yong, also went home when the Lord sent a driver to fetch him. Both men, given their health and wealth, should technically live forever. Their departures are a reminder that paradise is where we should be, our home. Funny thing is that no one wants to return home to paradise. I was at a funeral service of a young friend whom the Lord loves so much to take her back in her thirties. And all was grim and gloom. All wore black to show their sadness when paradise beckoned. And our good friend Boon Wan is working tirelessly to provide us with the best medical services, facilities and treatment to keep us here longer. And he unknowingly think that with more money in our Medisave, we can remain here longer and happier, better taken care off in the nursing homes, with first class nursing care. Does he think that his hospitals and nursing homes are better places than paradise where the Lord had gone ahead to prepare his mansions for us? This is an issue that is most confusing and most contradicting in the minds of mortals. Paradise beckons and no one is tempted. Hell is where they want to be. Or hell on earth is where they want to hang on, for as long as they could, even forgoing their little comforts, saving as much as they could to cling onto life in this hellish world. I can't blame those who have found paradise on earth and refuse to go. But many would have been better off returning to the ultimate home in paradise. While the Lord prepares his empty mansions in anticipation of our return, Boon Wan is preparing his nursing homes with great comforts in his imaginable ways, to show us how much he cares. He also makes sure that we have the money to pay for it.

Disproportionate reality and disproportionate truth

Properties in Singapore are cheap, especially the high-end ones that are built for the super rich. At $3m or $5m a piece, it is too easily affordable. Many of the super rich will find properties at $20m or $30m a piece affordable as well. At the employee level, i.e. workers who earn a salary, this includes ministers and top civil servants, properties at $3m or $5m are actually as expensive as peanuts. They could buy one every year or every other year with their annual salaries. Isn’t that fun? Life is really good for these highly paid workers. Then we have workers, the genuine low down working class, complaining that a $300k flat is expensive and unaffordable. And the ministers and top civil servants are telling them it is not so. These flats are really and truly affordable. It makes sense when one could pay a $3m to $5m property with one or two year’s salary. But the disconnect is quite obvious. Why are the workers complaining? Simple, their incomes are just too little relative to the price of the flats they have to pay. And they need two incomes and 30 years to be able to pay that miserable $300k. So, is their complaint genuine or they are just a pain in the arse? To these low paid workers, their perspective of affordability must be different, and real. They think so anyway. The cheap flats are expensive, very expensive to them. And the reality of the cheap private properties is also real, as the buyers need only cough out a couple of years' income to pay them off. No need to take loans at all. The disproportionate reality and the disproportionate truth divide the real workers from the surreal workers in paradise. Quite funny huh?

Battle of Tampines 2

Chok tong has came into the battleground and fired his first salvo. Let's talk policies and let's offer alternative solutions instead of criticising. It is easy to criticise but what about offering alternative solutions? Sounds fair? Of course it is easy to criticise. But before anyone, who does not have the resources of all the supertalents, attempts to offer solutions, let's ask if this kind of familiar challenge is fair. In the first place, why should people who are not being paid a single cent come up with alternative solutions, and a better solution? Solving national issues is not going to the jamban to shit. It takes a lot of information, data and considerations, demanding a lot of time and resources, to come out with something that is workable. On this point a lone I think it is an unfair challenge. What I think the critics can do is to criticise. Yes, critics only need to do that, nothing more nothing less. But if the govt is willing to pay the critics, provide them with the resources, maybe they can venture into trying to find an alternative solution. What about the politicians? My view is that they should just offer a new direction, of where they want to go, what they want to do. The details and how to go about in achieving their objectives and policies should be left to the talented pool of civil servants to help them to work out the sums. Without the resources, they should not attempt to offer solutions that are likely to be inadequate. Just talk policies and objectives, what they want to do for the people. That should suffice.