The logic of $1000 income can buy a flat is the same as $8 for an open heart surgery. But don’t laugh, it is true, it can be done. How, I dunno. But it is uttered in Parliament so must be a fact. It’s elementary, Watson!
I have known a young couple whose combined income is about $14k and with a couple of hundred thousands in savings. They will not be coming home. They could not afford to buy a private flat as it would mean emptying everything they have saved. And that is not all, still got to take nearly a million dollar mortgage.
Only fools will think of taking a million dollar mortgage and think it is alright. Or maybe a gambler will do that as there is always the hope of making more money as the value will appreciate, surely. And then sell it to buy a more expensive flat and take another bigger loan and keep snowballing the winnings.
The young couple will not be qualified for HDB flats for sure. So they must be sent to the private property market as cannon fodders to feed the developers. This is how merciless this govt has become in its housing policy and everyday pretending to ask why the Sinkies are not coming back home or moving out instead.
They are telling the highly qualified young that if they want to come back, prepare to pay a million bucks ransom first. And if the young want a bit more comfort in owning a car, another $100k at least for a cheap car. They think the young are so stupid to return home to be suckered? When they have been abroad and knowing what one million bucks can provide them, who the shit would want to come home to settle into a mickey mouse flat for the same sum, and reservist liabilities to add on?
But for less qualified professionals like FTs who would not be above the $12k income ceiling, it is okay. Convert to pink IC and buy a relatively cheaper HDB flat which the better qualified Sinkies would not be allowed to buy and no NS or reservist liabilities. Bid the time, let the property price go up and sell it to another suckered Sinkie that is not allowed to buy from the HDB direct and get out of here.
This kind of policy is so brilliant that it hurts the eyes.
3/02/2012
CPF – Any sense of guilt or shame?
It is a startling fact that no MPs, to my recollection, ever spoke about the wrong and harm done to Singaporeans when their hard earned savings are being kept away from them. Yes it is legal, the govt passed laws in Parliament to help the people to have money when they are in their 80s and 90s, and plenty of money. While many are savings for their 80s and 90s when money is no longer relevant, when waiting to die is the reality, many are dying in their 60s and 70s and got no chance to enjoy a little of their life savings. This is so humane and so caring. Or is it?
Incidentally, which part of the CPF schemes, the minimum sum in Ordinary Account and Medisave Accounts were passed by Parliament? I believe the power to keep the people’s money in the CPF and the continuous increases in the minimum sums must be sanctioned by Parliament and cannot be left to the discretion of a stats board to decide.
Is there an MP who is pricked by his conscience that the CPF policy on keeping people’s money away from them when they needed it most dares to speak out against it? Or can it be concluded that all the MPs also believe that this is right, the right thing to do and they support it? If they really believe so, then obviously their conscience will not be hurt and neither should anyone of them feel any guilt about taking the poor and average Sinkies money so that others can go and invest and make big monies to pay themselves big salaries and big bonuses while on the other hand the poor helpless Sinkies are gasping for air and sinking into a life of oblivion.
The conclusion is clear, any MP that does not speak against the obnoxious shifting goal posts and the outrageously high minimum sum to be tucked away and away from their owners’ reach are accomplices to this policy. And the poor Sinkies who suffered because of it must be thankful to them for being able to leave behind a big largesse on their demise from this realm of existence.
Where got guilt? Where got conscience? Where got shame? It is all legal and good for the people. And the people are so ungrateful and complaining everyday when the super talents spent so much time and effort devising schemes to help them keep their money safely in the CPF. Shouldn’t they be happy and thankful?
Incidentally, which part of the CPF schemes, the minimum sum in Ordinary Account and Medisave Accounts were passed by Parliament? I believe the power to keep the people’s money in the CPF and the continuous increases in the minimum sums must be sanctioned by Parliament and cannot be left to the discretion of a stats board to decide.
Is there an MP who is pricked by his conscience that the CPF policy on keeping people’s money away from them when they needed it most dares to speak out against it? Or can it be concluded that all the MPs also believe that this is right, the right thing to do and they support it? If they really believe so, then obviously their conscience will not be hurt and neither should anyone of them feel any guilt about taking the poor and average Sinkies money so that others can go and invest and make big monies to pay themselves big salaries and big bonuses while on the other hand the poor helpless Sinkies are gasping for air and sinking into a life of oblivion.
The conclusion is clear, any MP that does not speak against the obnoxious shifting goal posts and the outrageously high minimum sum to be tucked away and away from their owners’ reach are accomplices to this policy. And the poor Sinkies who suffered because of it must be thankful to them for being able to leave behind a big largesse on their demise from this realm of existence.
Where got guilt? Where got conscience? Where got shame? It is all legal and good for the people. And the people are so ungrateful and complaining everyday when the super talents spent so much time and effort devising schemes to help them keep their money safely in the CPF. Shouldn’t they be happy and thankful?
What a horror story?
Chee Hean spoke in Parliament that the Govt will be relooking into its plans for a sustainable population for this island. A National Population and Talent Division of the PMO will be conducting a review on the ideal population size that is sustainable. My God, is this going to happen now?
For the last 10 years or so the Govt has been ramping up the population size from 3m to the current 5m plus and steadily growing. There were utters of 6m and 9m as good figures to hit. Now, were all these numbers guess works? Could the Govt be ramping up the population numbers without a proper view of what is sustainable and what is not sustainable?
Could all the things that were happening in loose immigration policies a haphazard process that is not coordinated, not carefully planned? And now there is a sudden realization that this needs to be studied and review and bottlenecks are appearing everywhere?
What are the proof that it was a thought through process or a policy that was left to the whims and fancies of individual ministries? The fact, a mess up of housing policies when demand grew exponentially and supply of flats were reduced by a decrease in building programmes. The fact, the transportation infrastructure is strained. The fact, medical facilities, hospital beds, etc were insufficient. The fact, many students were forced to study overseas when university places were not enough. And there are more.
Whether the study to be conducted is a frightening revelation or not, it is better late than never. And, very unlikely, that the findings would be that 5m or 6m is the max and more will be unsustainable. Very likely the results would be as expected, depending on who is expecting it. The final recommendations will be a perfect fit according to the assumptions or inputs in the brief, unless it is meant to be an objective and neutral academic approach. All the values and subjectivities of what this country is going to be or desirable by whoever is dictating it will likely be part and parcel of the review.
Though Chee Hean is calling for an inclusion of the views from the public, will it really matter if there is a bigger god with a final say of what he thinks is best? Would it matter that this country belongs to every citizen and not to a few individuals who know best and wanting their ways?
For the last 10 years or so the Govt has been ramping up the population size from 3m to the current 5m plus and steadily growing. There were utters of 6m and 9m as good figures to hit. Now, were all these numbers guess works? Could the Govt be ramping up the population numbers without a proper view of what is sustainable and what is not sustainable?
Could all the things that were happening in loose immigration policies a haphazard process that is not coordinated, not carefully planned? And now there is a sudden realization that this needs to be studied and review and bottlenecks are appearing everywhere?
What are the proof that it was a thought through process or a policy that was left to the whims and fancies of individual ministries? The fact, a mess up of housing policies when demand grew exponentially and supply of flats were reduced by a decrease in building programmes. The fact, the transportation infrastructure is strained. The fact, medical facilities, hospital beds, etc were insufficient. The fact, many students were forced to study overseas when university places were not enough. And there are more.
Whether the study to be conducted is a frightening revelation or not, it is better late than never. And, very unlikely, that the findings would be that 5m or 6m is the max and more will be unsustainable. Very likely the results would be as expected, depending on who is expecting it. The final recommendations will be a perfect fit according to the assumptions or inputs in the brief, unless it is meant to be an objective and neutral academic approach. All the values and subjectivities of what this country is going to be or desirable by whoever is dictating it will likely be part and parcel of the review.
Though Chee Hean is calling for an inclusion of the views from the public, will it really matter if there is a bigger god with a final say of what he thinks is best? Would it matter that this country belongs to every citizen and not to a few individuals who know best and wanting their ways?
3/01/2012
CPF Poll – Return our money
123 responded to the poll on the CPF savings of the people. 71% want their money back at 55. 14% want their money back at 60. 15% want to have an option whether to leave their money in the CPF after the withdrawal age. 2% are agreeable to the present system.
Altogether 98% do not agree with the current system and want their money back with 15% want to have an option to leave any money behind. What the people want to do with their hardearned money is very clear. They want their money back and no jokers should ever think that they have a right to keep the people’s money against their wishes. How could this ever be so? Who, tell me who, has the right to the people’s money if not the rightful owners? And who has the audacity and arrogance to think that he can take the people’s money and do as he pleases?
It is unacceptable, unbelieveable, outrageous, unjust, unreasonable… for anyone to act in such a manner, to keep the people’s savings from the people. Passing legislation to keep the money from its rightful owners for whatever cock reasons will only lead to more resentment as it is a foul thing to do. You cannot fool the people all the time.
Would the Govt reflect on this seriously? The people’s tolerance has a limit and the Govt should not test the people’s patience on the right to take back their money and use their money as they please. Would the Govt listen or would the Govt continue its cocky way, to ignore the people and keep holding on to the people’s money? The people are not begging for charity. The people are asking for their money back.
Or would the Govt think that it can get away with it by not bothering and keep doing as it thinks fit? There is no shortage of feedback on this matter to the Govt. The issue of so much money being kept away from their rightful owners is about as much as the people can take.
How long can the deaf frogs pretend to be deaf? They can pretend to be deaf about other things. Here it is dipping into the people's pockets.
Altogether 98% do not agree with the current system and want their money back with 15% want to have an option to leave any money behind. What the people want to do with their hardearned money is very clear. They want their money back and no jokers should ever think that they have a right to keep the people’s money against their wishes. How could this ever be so? Who, tell me who, has the right to the people’s money if not the rightful owners? And who has the audacity and arrogance to think that he can take the people’s money and do as he pleases?
It is unacceptable, unbelieveable, outrageous, unjust, unreasonable… for anyone to act in such a manner, to keep the people’s savings from the people. Passing legislation to keep the money from its rightful owners for whatever cock reasons will only lead to more resentment as it is a foul thing to do. You cannot fool the people all the time.
Would the Govt reflect on this seriously? The people’s tolerance has a limit and the Govt should not test the people’s patience on the right to take back their money and use their money as they please. Would the Govt listen or would the Govt continue its cocky way, to ignore the people and keep holding on to the people’s money? The people are not begging for charity. The people are asking for their money back.
Or would the Govt think that it can get away with it by not bothering and keep doing as it thinks fit? There is no shortage of feedback on this matter to the Govt. The issue of so much money being kept away from their rightful owners is about as much as the people can take.
How long can the deaf frogs pretend to be deaf? They can pretend to be deaf about other things. Here it is dipping into the people's pockets.
Govt can do more…
Front page news of Today paper is about building an inclusive society and the message is that the Govt can do more. At a glance this should be the case but really, when the Govt is going to do more is really a frightening proposition. The problem of this country is that the Govt is doing too much, to do everything for the people, even to keep their CPF money and when or how many children to have. The Govt is doing too much and this messing around with the people’s money and life is the main cause of many social problems.
What the Govt should do is to do less. Please, do not help the people when it is not necessary. Leave the people alone to live and manage their own lives. There are many things that the Govt can do to help the people without having to do anything. Imagine some kids in Parliament telling the whole population how to make people, how to be good?
One major curse of the Govt is how it is trying to manage and control the people’s hard earned savings in the CPF as if they belong to the Govt. For goodness sake, lay off, and return the money to their rightful owners. A stronger word would be ‘fuck off’. Leave the people’s money alone! So much saving and still not enough for retirement! Why? Why?
The next major concern of the people is the influx of foreigners that the Govt claimed is good for the people when the people are getting really pissed off, getting hurt. Why is something that the Govt claimed is so good is seen to be so bad by the people? Maybe the Govt is only thinking economic and money while the people are thinking social, our society, the way of life, how they want their country to be. The people must have the final say as to what the country should be and not a few individuals who are just as human and would not be in Govt forever. The country belongs to the people, not to a few individual who want to decide what they think is good for the people without consulting the people. Ask the people, consult the people. No need to?
The Govt can do less and allow the real market forces to determine housing demand and supply without controlling the supply and increasing the demand unnaturally.
The Govt can do less with the taxpayer’s money by not giving it to foreigners that have nothing to do with us. Do just a little or better, don’t do anything in this regard. Give the money to the children of the taxpayers that are more deserving.
The Govt can do less by allowing the people and country to develop naturally towards a freer and more inclusive society.
The Govt can do less in limiting the supply of professionals, especially medical so that the market forces can work to lower the cost of medical services.
The Govt can also do less in not raising the GST to help the poor. No, no need, the poor don’t need this kind of help.
There are many things that the Govt can do less and end up helping the people more. Property enhancement to inflate property prices is a double edged sword and one profits from another. What is really bad is for foreigners to profit from the citizens. This is detrimental to the well being of our own people.
The Govt can also issue less licences to foreigners, including PRs for small businesses that the locals can do without having to compete with mercenaries who have no stake in this country.
My call to the Govt is to do less in areas that the people can look after themselves. Please, don’t. The daft Sinkies are really not that daft that some leaders make them out to be. A second upper foreign scholar is not better than a second upper local scholar. Not deserving of scholarship based on merit.
What the Govt should do is to do less. Please, do not help the people when it is not necessary. Leave the people alone to live and manage their own lives. There are many things that the Govt can do to help the people without having to do anything. Imagine some kids in Parliament telling the whole population how to make people, how to be good?
One major curse of the Govt is how it is trying to manage and control the people’s hard earned savings in the CPF as if they belong to the Govt. For goodness sake, lay off, and return the money to their rightful owners. A stronger word would be ‘fuck off’. Leave the people’s money alone! So much saving and still not enough for retirement! Why? Why?
The next major concern of the people is the influx of foreigners that the Govt claimed is good for the people when the people are getting really pissed off, getting hurt. Why is something that the Govt claimed is so good is seen to be so bad by the people? Maybe the Govt is only thinking economic and money while the people are thinking social, our society, the way of life, how they want their country to be. The people must have the final say as to what the country should be and not a few individuals who are just as human and would not be in Govt forever. The country belongs to the people, not to a few individual who want to decide what they think is good for the people without consulting the people. Ask the people, consult the people. No need to?
The Govt can do less and allow the real market forces to determine housing demand and supply without controlling the supply and increasing the demand unnaturally.
The Govt can do less with the taxpayer’s money by not giving it to foreigners that have nothing to do with us. Do just a little or better, don’t do anything in this regard. Give the money to the children of the taxpayers that are more deserving.
The Govt can do less by allowing the people and country to develop naturally towards a freer and more inclusive society.
The Govt can do less in limiting the supply of professionals, especially medical so that the market forces can work to lower the cost of medical services.
The Govt can also do less in not raising the GST to help the poor. No, no need, the poor don’t need this kind of help.
There are many things that the Govt can do less and end up helping the people more. Property enhancement to inflate property prices is a double edged sword and one profits from another. What is really bad is for foreigners to profit from the citizens. This is detrimental to the well being of our own people.
The Govt can also issue less licences to foreigners, including PRs for small businesses that the locals can do without having to compete with mercenaries who have no stake in this country.
My call to the Govt is to do less in areas that the people can look after themselves. Please, don’t. The daft Sinkies are really not that daft that some leaders make them out to be. A second upper foreign scholar is not better than a second upper local scholar. Not deserving of scholarship based on merit.
Subscribe to:
Posts (Atom)