Khaw Boon Wan is a good man

Khaw Boon Wan acknowledged in Parliament that the Medisave is our money. And he is there to guard and protect our money. I say very good. Just guard the money and make sure it is safe. But don't have any more designs to take more money from the people to guard. It is too huge a sum and too big a responsibility. Don't ask for more. there is enough money for him to guard already. We are talking about hundreds of billions of dollars in prison. Also, good man don't keep thinking of taking other people's money without their consent, and to keep it away from the people till death do they part.

Cost of living in Cloud Nine

Temasek Review, TOC and several blogs have reported that the budget provided for a 8.8% increase in ministerial salary. The hint is that this is outrageous given that the workers are being asked to be cheaper, better and faster. Superficial impression will make many to agree with such a perception. How could the ministers still be thinking of raising their sky high salaries? Then think again. The workers need not have to have any salary increases, or the increases need not be too high as property prices, I mean public housing, are very affordable. Compare to the prices of private properties, each costing $5m to $10m, it is tough to buy such properties. And 8.8% increase of a $1m salary is only $88k, $2m salary is $196k and $3m salary is only $264k. It will take several years of savings to buy a private property with this kind of small increases. It is thus unfair to frown upon the 8.8% increases as we cannot compare apple with oranges. The cost of living in high society is very high. Properties are expensive and so are luxury cars and overseas holidays. Even the meals are costing that much more. I can't remember how much it cost for cooking class in France. The increases should be comparable with the increases in the cost of living and property prices in the stratosphere. Only then will it be fair. It will be more appropriate to provide for a bigger raise in order to minimise their hardship. Without a pay hike, life can be very tough with a $1m or $2m or even a $3m income. The people should not complain and should count their blessings. At least they need not have to keep on worrying about where and how to get those millions to pay for the high cost of living.

Myth 218 – The market forces determine the prices of public housing

Who believes in this shit? Can repeatedly telling this will make it another fictional truth like affordability? Who controls the supply of land sales? Who controls the minimum price of land sales through reserved price? If not equal or above the reserved price, don’t sell. Who controls the building of public housing, how many, when, where and sizes, ie the supply? Who sets or determines the price of public housing? No, sorry, it is the market that determines the price of HDB built flats. Just like the Pinnacles, the market or buyers decided to pay $200k more for the same flats in the same estate. It is all due to the magical market forces. Adabracadabra…., Ladies and gentlemen, the price of public housing is...., according to market forces....

Has PAP lost Tampines?

Did he break? No, he didn't. Yes he did. Watching Mah Bow Tan defending his housing policy in Parliament, this question kept popping up. Under the spotlight, subject to criticisms from many quarters, he stood tall in Parliament, telling the house that his policy is the best, his BTO scheme is the best, his land sale system is the best, and there are enough supply of flats for everyone. He also dismissed all the complaints as myths. It seems that the whole wide world is telling myths and he is telling the truth. He forgot to smile to the camera last night. Public housing has been the strongest pillar of support for the PAP. The people were happily housed in affordable and good quality housing. Why is it that there are so many people crying and complaining about the housing policy today? No, no one is complaining. The complainants are making a mountain out of a mole hill. There are plenty of public housing available. There are also enough supply of private housing, if you have the money. There are two possibilities. The complaints are genuine and the complaints are false. If Mah Bow Tan is right, then the complaints are mere noises and nothing to worry about. If the complaints are genuine, they may have already lost Tampines GRC before the election is called. How could the PAP lead if it refuses to listen? There are public outcries and it is turning on a deaf ear. Can PAP rely on the motto of a deaf frog to lead the people? The deaf frog could reach the top of the mountain, but alone. His team mates could have left him long ago. Or they could be trembling and shivering in their pants or skirts while watching the gungho deaf frog charging fearlessly up the mountain, alone. Maybe this is a new kind of leadership, the leadership of a deaf frog.

A little window dressing not going to work

The few changes in housing policy are not going to make any difference. The target of 30% of the buyers household income is fixed and viewed as affordable and reasonable to take. No need to bother about cost of construction, no need to bother about the risk that the buyers will be exposed to. In such cases, the bigger the income the bigger the stone mill hanging on the neck. And when a crisis comes, the bigger the income/stone mill, the bigger the losses and pain. We have got through that many times. Preventing people from buying what the people think is affordable to them, and dictating what is affordable to the people is another mean policy like the mean testing in hospital admissions. The govt decides on what the people should spend as reasonable and affordable. The people cannot decide what is prudent for themselves. And like the deaf frog, no need to listen, just move on, bring it higher for the good of the people.