An unbelievable world record!

Other being a PAP MP, he(Yeo Guat Kwang holds) has an amazing 64 other positions !!! http://www.parliament.gov.sg/mp/yeo-guat-kwang?viewcv=Yeo%20Guat%20Kwang 1) Member, Government Parliamentary Committee on Manpower 2) Member, Government Parliamentary Committee on Community Development, Youth & Sports 3) Member, GPC for Ministry of Information, Communications and the Arts 4) Vice Chairman, Aljunied Town Council 5) Alignment Director, NTUC Quality Worklife & All Nationalities 6) Acting Advisor to Taxi Operators’ Association 7) President of Consumers Association of Singapore (CASE) Vice-Chairman, North East Community Development Council 9) Member, Board of Directors of PUB Board 10) Advisor to the Singapore Table Tennis Association 11) Advisor to the Singapore WeiQi Association 12) Advisor to the Ren Ci Hospital 13) Advisor to the Bright Vision Hospital 14) Advisor to Artistes & Performers’ Association 15) Advisor to Restaurants Association of Singapore 16) Executive Secretary, Singapore Chinese Teachers’ Unions 17) Director, Financial Industry Disputes Resolution Centre (FIDReC) 1 Advisor, Federation of Merchants’ Associations, Singapore 19) Executive Secretary, Amalgamated Union of Statutory Board Employees 20) Member, Workplace Health and Safety Council 21) Co-Chairman, National Tripartite Committee on Workplace Health 22) Co-Chairman, Customer Centric Initiatives 23) Co-Chairman, NTUC-SNEF Migrant Workers’ Forum 24) Member, Aids Business Alliance 25) Member, Mental Health Alliance 26) Member, Centre for Service Excellence and Leadership Governing Council 27) Member, SPRING Standards Council 2 Patron to Pets Enterprises & Traders Association (PETAS) 29) PAP Community Foundation HQ Executive Committee 30) Member, Committee to Promote Chinese Language Learning (CPCLL) 31) Member, Agri-Food & Veterinary Authority of Singapore (AVA) 32) Member, AVA Human Resource Committee 33) Member, WSH Council Finance Committee 34) Member, Tripartite Committee on Employability of Older Workers 35) Member, Tripartite Committee on Portable Medical Benefits 36) Member, Tripartite Committee on Flexible Work Arrangement 37) Member, Quality Service Advisory Council 3 Member, Institute for Service Excellence @ SMU (ISES) Governing Council 39) Member, Motor Industry Disputes Resolution Centre Pte Ltd Board of Governors 40) Member, Retail Price Watch Group 41) Member,Tobacco Licensing Consultative Panel 42) Member, Ngee Ann Kongsi Council 43) Advisor, Inland Revenue Authority of Singapore Staff Union (IRASSU) 44) Advisor & Trustee, NatSteel Employees Union (NEU) 45) Business Advisor, NTUC LearningHub Pte Ltd 46) Advisor, Yeo Clan General Association 47) Advisor, Singapore Taoist Federation 4 Advisor, Fo Guang Shan (Singapore) 49) Advisor, Mun San Fook Tuck Chee 50) Advisor, Society of Sheng Hong Welfare Services 51) Advisor, Sian Chay Medical Institution 52) Advisor, Society of Tourist Guides (Singapore) 53) Advisor, Singapore Furniture Association 54) Advisor, Eggs’ Import/Export Trading Association (Singapore) 55) Advisor, Federation of Merchants’ Singapore 56) Advisor, JCI Senators Club of Singapore 57) Advisory Board Member, Singapore-China Association for Advancement of Science & Technology 5 Patron. Buddist Fellowship 59) Independent Director, Grandwork Interior Pte Ltd 60) Independent Director, Japan Foods Holding Ltd 61) Independent Director, Koyo International Ltd 62) Independent Director, United Envirotech Ltd 63) Independent Director, Asia Water Technology Ltd 64) Independent Director, HLH Group Ltd The above is copied from Thoughts of a Singapore Statistician. This is the kind of overworked super talents that Singaporeans can be very proud of. As an average individual, I would forget at least 80 per cent of the names of the organizations in the above list. It is a marvel to even remember them, let alone trying to perform all the duties associated with them. But I am just an average bean. The uncomfortable or unfair part is that for a miserable $15k per month, this super talent is made to shoulder such an unenviable number of important positions and responsibilities. I really feel sorry for him. I doubt he even has time to eat or sleep if he is to do his duties, just to attend meetings alone. But when I look at how well he looks, I think he is coping very well. And he is not alone. I believe all his peers are also shouldering a fuller list of appointments, maybe more. So Singaporeans should not begrudge these great talents and the money paid to them. They deserve every penny they received. In fact they should be paid more. I will die trying to do more than 3 jobs. Singapore is indeed blessed with such super human beans, rightly described as more than mortals.

How long will the Ponzi Scheme last?

Many have commented that the public housing scheme is another Ponzi Scheme or something similar in nature. In all sense, it will die a naturally death by the time the lease expires in 99 years, all 900,000 of them. On that day, all will be worthless. There seems to be a way out though, to extend the game, by SERS, whereby the HDB will buy back the flats before the lease expires, offer the lessee a new flat of the same market value or slightly more. The lessee will be happy to get a new flat for a smaller fee and a new lease. This option of buying back and offering a new flat can go on and on provided certain conditions are present. Without these conditions, the renewal and new life will still come to an end. The first condition is that the flats to be acquired are low lying, and on the same plot of land a doubling of the units of flats can be built. A 10 storey block can easily go to 20, and 20 to 40. After that it must go to 80 or 100 storeys so that the cost of building the new flats can be paid by new lessees. As the cost of building is going to be much higher, and there is inflation to add on to the cost, it is also assumed that the income of the new lessees will go up proportionally to pay for the much more expensive flats. Or else, the aspiration will be for smaller and smaller units or smaller in size like what is happening now. The third condition is that there must be more and more buyers to buy the new flats. As the formula is based on the doubling of the units, if all the flats are to be rebuilt, it will need a doubling of the population, from 5m to 10m. So the floodgate for foreigners cannot be closed. The fourth condition is that the island will not sink with all the Towers of Babel loading on it. And hopefully, the supporting infrastructure to house the kind of population density can cope with the increase. If all the conditions are met, the Ponzi Scheme can go on and on.

The crime of earning $10k

The arbitrary $10k ceiling for the combined income of young couples is looking like a crime. It has been elevated to a sacred status that it is almost untouchable, like a commandment carved in stone. Young couples who have a combined income of $10k are disqualified from public housing. They are deemed too well paid, and able to pay more for private properties. They should go and buy a smaller but more expensive private property, or go for the big owns and take a bigger loan to service. The value of thrift and savings and financial prudence is thrown to the wind. If after taking a big loan and something untoward happens to their income that is their problem. And the private developers and speculators are all rubbing their hands eagerly waiting for these young couples to commit, after being forced out by the system. They have no choice but to take the plunge. What kind of philosophy is this? Forcing young people to go into big debt because they earn a little more than others? What is $10k anyway? Any decently qualified young couple that failed to get hitch within 3 to 5 years will see their income exceeding this arbitrary ceiling pronounced by god. Is it wise or decent to force young couples, just starting to work and with a full list of commitments ahead of them, to plunge in with a half a million or one million dollar loan? I think it is a crazy idea and very irresponsible. The crap about some of these young couples adding to the queue is another hogwash. Just like the spurious building acitivity today, it is all about building to meet the needs and demands of the people. The crime is for not building, not the young people wanting to join the queue. And not many would join the queue as those with lesser commitments would risk taking a bigger loan for private properties. It is no crime or shame to want to buy a cheaper home and save for tomorrow. The principle of thrift and prudence is age old wisdom. Punishing the young people for your own inept, poor planning and farcical beliefs is shameful. No one must be forced to eat sharksfins and force to pay for it. The $10k ceiling is another mean testing that is wicked to the core, like its parallel in healthcare. It only serves to fatten the pockets of speculators and developers at the expense of the young people. Just go and build the flats that the people need, and stop the silly reasoning. Every able young man must be given a chance to buy his first public housing. This is only equitable, just and fair. They also do their bid to serve the country like everyone else.

The housing mess or housing achievement?

25,000 BTO flats will be built this year. And now Boon Wan is saying tens of thousands of rental flats are needed and building of rental flats must also be ramped up. Are these happy problems or manifestation of infested problems in public housing that are surfacing today? With 25,000 being built and the demand is still growing, and a shortfall of tens of thousands of rental flats! What’s happening? Didn’t MND know the problem or they did know the problem but not building because the policy maker decided otherwise? Or is it that the information on supply and demand was misleading that led to the current mess? MND data quoted in today’s ST said that there were 3,700 and 2,300 rental flat applicants for year 2008 and 2009 respectively. If these were the data that MND was working on, not more than 5,000 rental flats need to be built. How could the numbers balloon to tens of thousands of flats needed as mentioned by Boon Wan? Whatever, policy failure or information failure, something is wrong with the housing needs of the people. They can’t say they did not know or did not see it coming. Boon Wan is only in the job for a couple of weeks and he is in a big hurry to clear the mess. The media also reported some views that the ramping up of rental flats would have little impact on the price of private properties. Could this kind of thinking be the main determinant in the supply of public housing, both rental and purchase? There must be many big speculators out there hoarding 10 or 20 units of properties each and fearing that the prices will fall. So are the property developers, all fearing that their profits will fall. It is thus important that the supply of public housing be carefully managed to ensure that the speculators and property developers are happily sitting on huge profits. Yep, must not remove the $8k/$10k ceiling so that these young people have no choice but to support the private property market and help the speculators and developers to make handsome profits. Tell them there are cheap loans, low interest rates, just borrow, half a million, one million, just borrow, no problem. Hope the ramping up of BTO flats will not affect the price of private properties, or else speculators, big investors and developers will be hurt.

Boiling the daft brains

After a long period of gradual abuses, the human beans would have adjusted and adapted to a higher level of pain and absurdity. Subsequently any lowering of suffering would be greeted with relief and gratitude. The high housing price is a living example that the people are getting used to it and paying a little less is cause for celebration. The people are now jubilant over the announcement by Boon Wan of the release of more public housing and a change in policy to build in advance of demand instead of waiting for demand to build up. Great man, compassionate man, with people centric policies, compare to his predecessor. Now this is a caring govt for the people and will look after the needs of the people. They have forgotten how they have ended in the shit hole in the first place. The history of lack of housing in the founding years need not be retold. The story of govt building public housing for the people, where people can go and choose their flats like choosing to buy a car or private properties must be repeated to remind the beans that it should be that way. But after getting used to waiting for 4 or 5 years, the beans are so happy if they can get it in 3. Now they will go down on their knees if they can get it in 2 years. Even the expectation for 5 rm, executive or private properties is forgotten. They no longer aspire for them and are contented with a 4 rm public flats for young professionals. Boiling daft brains are not much different from boiling frogs. The daft Singaporeans deserved to be treated that way, easily conned, easily appeased, easily contented, in their unthinking way. They will take it lying down when told to plan their marriages 4 or 5 years in advance or they will have to suffer the brilliant BTO housing policy. It is their fault for not planning ahead. Dumbos.