The writing is on the wall. With the cooling measures in place, and the ramping up of supply, property sales are going down. So is my hope for my $1m HDB flat. The developers are worried. Some are calling Boon Wan to free up all the cooling measures to allow property prices to go up again.
The frenzy of the last few years, the high profits of the developers and speculators may now see some earning lesser than before. This is no good.
We must not violate the principles and virtues of running businesses for profits. The cooling measures are bad in preventing smart people from making a rip off from the property market. The developers will be discouraged to bid higher prices for land and may not want to develop more properties. Our GDP will suffer. Foreigners with their container loads of cash will not be pouring their money here and all of us will be poorer.
I support the developer’s call for the removing of all the artificial measures to curb property prices. The market forces must be allowed to dictate the prices of properties. And knowing how limited our land is, property prices can only go up in a free market system. The speculators and investors know the number game. All Singaporeans will be enormously rich if the land is free for sale.
Before the property market is let loose again, I have one caveat. The profits from the sale of all properties must be equally share by the Singaporeans. And a census be taken immediately and the profits will only go to Singaporeans who have been Singaporeans for at least 10 years. New Singaporeans shall not reap the profit of this selling Singapore exercise.
When this is done, there is no more need to curb property prices or any prices. Let the market do the talking. And no need to restrain influx of foreigners. The more they come the better it is as they will contribute to the higher demand. My HDB flat may not be $1m. It could be $2m or more.
When all the land has been sold, a tally should be conducted and all the profits share by the Singaporeans. And they can have the choice of staying here or migrating to bigger countries where land is aplenty. Singaporeans will have choices from the profits of a free economy and the freest country in the world. Everything is market price. Everyone has choices, to stay or to go, after collecting their windfall.
No need for any emotional attachment to this island. It can go to the highest bidder, as long as the money is spread to all Singaporeans. We can grow the population to 20m or 30m. It could be the most sophisticated and most modern city state. No need to restrict car ownership too. Just pay when one drives at a rate determined by the market and congestion on the road.
Singapore will be a truly vibrant, prosperous and international city of the world.
9/14/2011
9/13/2011
The People’s Association in 2016
Hypothetically, Year 2016 sees a new political party forming the govt. This can be any party other than the PAP. What would be the role of the PA? Would the PA turn around and appoint all the grassroots advisors from the new ruling party? Would it start to ban PAP MPs or PAP defeated MPs from becoming advisors to its grassroots organization like CCC, CCMC and RC and its organized activities?
Does it have any choice given the recent public statement of its role in supporting the ruling political party? One thing for sure, many of its staff will be axed and new leadership will be brought in to ensure that the PA does what it is designed to do, to support the ruling political party that is now the govt, and to remain apolitical.
How about Chee Soon Juan being appointed as CEO of PA? That will be exciting material.
Does it have any choice given the recent public statement of its role in supporting the ruling political party? One thing for sure, many of its staff will be axed and new leadership will be brought in to ensure that the PA does what it is designed to do, to support the ruling political party that is now the govt, and to remain apolitical.
How about Chee Soon Juan being appointed as CEO of PA? That will be exciting material.
So much dignity at stake
The Ministerial Salary Review Committee is still hustling together to hammer out a fair salary for the ministers and the President. It must be fair to incumbents and fair in the eyes of the people. What the Committee must not forget is that their recommendations would affect the dignity of our ministers and President when they get to meet their foreign counterparts. And the last thing they want to do is to diminish their dignity.
There is also another important consideration that they must not take it lightly. Our ministerial salary is a world record that is unbeatable by any country. Please make sure that this record is not broken or compromise.
One way to go about it is to declare everything up front, be it $5m or $10m. The recommendation must not be something like $1m plus one or more variable components that cannot be disclosed and protected under the Official Secrecy Act. This will rob us of the world record and also undermine the dignity of our ministers and President.
I hope the Committee knows what is good for Singapore, the ministers and the President and also the people. They must protect the dignity of the ministers and President at all costs, and also our world record of the at least 30 top paying politicians in the world.
There is also another important consideration that they must not take it lightly. Our ministerial salary is a world record that is unbeatable by any country. Please make sure that this record is not broken or compromise.
One way to go about it is to declare everything up front, be it $5m or $10m. The recommendation must not be something like $1m plus one or more variable components that cannot be disclosed and protected under the Official Secrecy Act. This will rob us of the world record and also undermine the dignity of our ministers and President.
I hope the Committee knows what is good for Singapore, the ministers and the President and also the people. They must protect the dignity of the ministers and President at all costs, and also our world record of the at least 30 top paying politicians in the world.
9/12/2011
Seriously, are opposition MPs a part of the govt?
Parliament is the legislative arm of the govt. Parliament is made of elected representatives of the people from all political parties to discuss national issues and make laws for the country. So, is Parliament a part of the govt? I don’t think anyone will say no. But some may insist that only part of the Parliament forms the govt. The opposition camp is not part of the govt?
Seriously, honestly, administratively, legally, are opposition MPs a part of the govt? We have an obtuse system that the opposition MPs are a small minority and can be easily ignored and dismissed of as not part of the Parliament, or part of the govt. If the representation of both camps is about equal, would anyone dare say that the opposition camps are not part of Parliament, and not part of the govt?
Every MP, no matter which party, sits in Parliament, and has equal rights to speak and vote for a bill. They are also paid by the country’s coffer too. Why are the opposition MPs seen as not part of the govt? Oh the majority party forms the govt so they are the govt, and the minority does not form the govt and thus not the govt nor part of the govt. They are just a part of Parliament which is not the govt of the country, which is part of the legislature, which has the power to make laws, but not the govt.
Very confusing arguments huh?
Seriously, honestly, administratively, legally, are opposition MPs a part of the govt? We have an obtuse system that the opposition MPs are a small minority and can be easily ignored and dismissed of as not part of the Parliament, or part of the govt. If the representation of both camps is about equal, would anyone dare say that the opposition camps are not part of Parliament, and not part of the govt?
Every MP, no matter which party, sits in Parliament, and has equal rights to speak and vote for a bill. They are also paid by the country’s coffer too. Why are the opposition MPs seen as not part of the govt? Oh the majority party forms the govt so they are the govt, and the minority does not form the govt and thus not the govt nor part of the govt. They are just a part of Parliament which is not the govt of the country, which is part of the legislature, which has the power to make laws, but not the govt.
Very confusing arguments huh?
Free spaces, free parkings
I was in Johore over the weekend, meandering through small little towns with big detached houses and sprawling gardens. The Malaysians are growing, developing, quietly and at its own pace, with a lot of space for living, and with a cost of living that is not running away. One does not need $3m or $5m dollar salary to live well. This is the quality of life that we cannot afford any more. And one can drive the car anywhere and park freely, anywhere, without having to pay a bomb. There is growth, but no frantic cries of being too slow.
Today the ST is screaming that we need more spaces for public parks. They are now so popular that they are no longer tranquil getaways from the hustle and bustle of a city. The parks are now amusement parks in a way. Families with children are everywhere having a picnic. The noises are as loud as a fish market. Even in far off Sungei Buloh Wetland Reserves, the birds and the monitor lizards were not spare from the noise of human chatters.
We need more land for parks, for sanity. We have road congestion, hospital squeeze and squeezes of all kinds. The squeeze is heading into the parks.
But no worry. We will need another 900,000 people to fill the roads and the parks. We need them for economic growth. Our TFR is falling and we need to keep the rate up. We need to fill up the parks as well to see growth. We need to find an equilibrium in the TFR and the size of our population.
I think we did quite well when we were 1.5m, when we were 2m. Now we are 3.7m and another 1.5m foreigners, and we are saying not enough. We need to grow and we need more people.
There are only two such insane countries in the world that are pushing for population increase. India wants to be the world’s most populous country, more than the 1.3m Chinese. That is a superpower ambition. What are we chasing, the world’s most densely populated piece of rock?
The 2.1% TFR is like LSD. We will need it at 5m, we will need it at 10m, we will also need it when we are 20m. No free parking for cars, no free entrance to public parks. There may be kiosks dispensing fresh air like canned drinks at $10 a can. ERP may be set up for pedestrians with a fee to pay on busy walkways. Is that the progress we are striving for?
By then Singapore will be owned and populated by new citizens. Is that what we want? Is that progress?
PS. The German and Jap politicians were not paid the out of this world salary. And they could maintain their quality of life, with economic growth despite having near zero population growth. Our supertalents can only see growth by growing the population. Without population growth, there will be no growth.
Today the ST is screaming that we need more spaces for public parks. They are now so popular that they are no longer tranquil getaways from the hustle and bustle of a city. The parks are now amusement parks in a way. Families with children are everywhere having a picnic. The noises are as loud as a fish market. Even in far off Sungei Buloh Wetland Reserves, the birds and the monitor lizards were not spare from the noise of human chatters.
We need more land for parks, for sanity. We have road congestion, hospital squeeze and squeezes of all kinds. The squeeze is heading into the parks.
But no worry. We will need another 900,000 people to fill the roads and the parks. We need them for economic growth. Our TFR is falling and we need to keep the rate up. We need to fill up the parks as well to see growth. We need to find an equilibrium in the TFR and the size of our population.
I think we did quite well when we were 1.5m, when we were 2m. Now we are 3.7m and another 1.5m foreigners, and we are saying not enough. We need to grow and we need more people.
There are only two such insane countries in the world that are pushing for population increase. India wants to be the world’s most populous country, more than the 1.3m Chinese. That is a superpower ambition. What are we chasing, the world’s most densely populated piece of rock?
The 2.1% TFR is like LSD. We will need it at 5m, we will need it at 10m, we will also need it when we are 20m. No free parking for cars, no free entrance to public parks. There may be kiosks dispensing fresh air like canned drinks at $10 a can. ERP may be set up for pedestrians with a fee to pay on busy walkways. Is that the progress we are striving for?
By then Singapore will be owned and populated by new citizens. Is that what we want? Is that progress?
PS. The German and Jap politicians were not paid the out of this world salary. And they could maintain their quality of life, with economic growth despite having near zero population growth. Our supertalents can only see growth by growing the population. Without population growth, there will be no growth.
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