They are paid what they are worth

This is Matilah’s truism. I always discount what he said by 50% as most of the time he just shoot from his hip. In this case he added a qualifier, ie, a free market mechanism. Of course there is no real free market mechanism to talk about, especially when pay is concerned. For this, I will deduct another 20% from his truth.

The corruption in both public and private practices as far as compensation for the top dogs is concerned is as innocent as the devil wearing a halo over its head. How could anyone justify paying a joker hundreds of millions a year or tens of millions a year? Superman or Wonder Woman? Yesterday’s ST reported about the scions of billionaires paying themselves millions simply because of their genealogy. But the recipients would tell you they really deserved every cent paid to them.

How deserving a person is should not be determined by the incumbents or those with vested interest in the well being of the incumbents. We have seen and heard a lot of hogwash regarding the super salaries the employees are getting and claimed to be worth every cent of it. Would any of the recipients or those related to the recipients say otherwise? Or would anyone of them be honest enough to stand up, with a straight face, or embarrassingly and meekly say, actually I don’t deserve the money as I am doing sweet nothing?

Closer to home, the hot topic of the ministerial salary is always on the mind of most Sinkies. The ministers will vouch and swear that they deserved every cent they are paid. Some will even claim that they are underpaid. I am not going to discount any of their claims. I do not know how hard they work for their money or what is their true market value.

What is important is the paymaster. Does the paymaster think that the ministers are being paid fairly? You will know the answer in 2016.

The real stuff in the real world is that many are paid outrageous salary because they are family. And many are equally paid dubious salary because of political reasons, using public funds. How many of you really believe in this Matilah truism?

Return of Warlordism

The high profile news of the rich and powerful in China flaunting their wealth and abusing their power hinted towards a return to the days of Warlordism. After 300 years of shame and near bankruptcy, 亡国时代，the new China has just stood up on its two feet to stand shoulder to shoulder as a respectable nation, there are ominous signs that China is sliding back to it corrupt and decadent days. The days of lawlessness, 无法无天, when the rich and powerful are starting to abuse their positions, and the excesses of their children in total disregard to law and order and propriety, misbehaving in the wildest kind, 花花公子，are putting China and its society in a very bad light.

The rapid fall into ill repute, abuses, corruption, no respect for law and order, and bullying the ordinary citizens are a shameful display of not only a country, but a people and its values and culture. The philosophies of the great sages of Mencius, Confucius, Lao Tzu etc, did not seem to teach the Chinese any good. It is becoming another wild country if things are not put in order. Or, if it is not the fault of the great philosophers, it must be the poor upbringings of the rich and powerful. They did not know that their misconduct is not only bringing shame and embarrassment to the country and people, it could lead back to a period of decadence and the destruction of the nation.

It took 60 years of hard and arduous work for the country to climb back to respectability, but in such a short span of time, the ugliness of the Chinese and its culture are already rearing its head. Would China be able to transform itself into a powerful and gracious nation, or would the decadent past catches up and return China to become the Sick Man of Asia once again? The signs are very unhealthy. The top officials who are not able to educate their children to be decent and respectable people are failures and should not be in public office. They are the role models to set a good example for the 1.3b people to emulate. Hopefully the disgraceful acts and conducts of the few are only exceptions and can be corrected and eradicated from becoming the new cancers of the new China.

Housing, half hearted or half baked measures won’t work

Frankly, I am not too sure whether the measures to cool down property prices were half hearted or half baked measures. They have proven not to work, or they could be intended to work this way. Don’t expect me or any bloggers to know the whole story. We are blogging on superficial understanding of what was going on and at most we are just skimming the surface of a very complex problem, but not unsolvable if the will is there.

Bloggers are not paid to spend all their time and resources to understand the problem and to come out with good solutions. This should be the duty of the professionals who are paid millions and full time on the job to solve the problem. If they cannot to anything right, they should not be there and should not be paid the big salaries. Is this a difficult logic to understand?

The people on the job are professionals and must have a good grasp of the situation and the extent of the problem. It is very disheartening to hear professionals saying that the housing problem is due to one or two factors, a supply problem, or BTO and resale market are separate issues. Some even think that it is okay for foreigners to continue to grab anything available in the market.

Everything in the market affects the market. Everything is linked to the housing price that is ballooning, not just supply and demand, not just a matter of private properties and public housing. Even the scrapping of estate duties is a major factor that influenced the price of properties.

I am not here to give a solution. I am not paid to do it. The public demands that those that are handsomely paid to do their job, starting with a correct policy or mission statement from the govt on what it thinks is its role in providing housing for the people, and what kind of housing and affordability. Everything must gel together for a comprehensive solution and not piece meal. It is obvious that the people are getting very angry with the housing situation.

Can the govt get it right? If they can’t, learn from Malaysia and China. These two countries are serious in wanting to curb property prices and have their priorities right. Housing, a roof over the head at a really ‘affordable’ price is what they are trying to achieve. Even Hongkong is getting serious while we are getting reckless. They are less concerned with the profits of developers and those rich who are hoarding properties to get a good profit for their investments. And in Singapore’s case, with the high density and the squeeze on limited land, the concept of investment in properties and property speculation, foreign ownership, estate duties, must be thoroughly reviewed.

There are many vested interests at stake. What is more important?

Traffic jams at Bukit Panjang!

Where is Bukit Panjang? Quite near to JB lor. How could a little town in the periphery of the island be facing traffic jam? In the city, in the suburbs, still possible, but out in the country side, 5 mins to JB and the residents now have to coop with traffic jams. And it is expected to get worst when the BTO units are occupied in a few years time.

You really believe that we can take in another 700,000 people to raise population to 6m? Really, sure or not? Sure, at most is to have a gridlock over the whole island. Then more people can take public transport and no need to drive. Quickly buy SMRT and SBS shares.

That would not be the case. There will be no gridlock in the island. The answer is in COEs and ERPs. ERPs can be erected in Bukit Panjang and all the outlying new towns to control cars on the road. It is only a matter of how many more ERPs and how much the drivers will have to pay to keep the roads congestion free. The ultimate solution will be to erect ERPs at the exit of HDB car parks. Yes HDB car parks or condominiums only where there are concentrations of cars.

There will be no gridlock on our roads. That I can guarantee, even with 10m population. Have faith in the govt. Our roads will run as smoothly as they are today with 5.3m people. Double that or triple that will not make it any worst.

The political govt

What is that? It is a term I have coined for a blur govt. No, not that the govt is blur, but it is blur in the sense that it is not the govt but something like the govt, or the govt but not the govt. Ok, you are all confused by now.

Take Britain as an example. They have things like royalties, dukes and duchess, lords and what not. These are, in a way, political appointments, not the govt but the govt, the ruling elite. Or there could be MPs running a district or constituency that is doing all the necessary works but then someone is appointed as a mayor, presumably to do the same job of the MP, or an honourary political title. These are political appointments that can be done without, of no real relevance to the working of the govt.

The other kind of political govt are the titles or positions awarded to people for political reasons but not because of necessity of work. These are appointments like chairman, directors, advisors, assistant this and that, all because of political connection or patronage. This is the western model of corruption but not branded as such. It is like the current little clip in CNA when one notable was quoted as saying, corruption can be a gift to some and a token of appreciation to another.

What is troublesome about political govt is that it is not just appointments and titles. Somebody got to pay for it. And if the payment to such political appointments are huge and comes from the public coffer, directly or indirectly, it can be serious. It means that the country’s revenue is being used to pay for political appointees in the political govt.

All countries have some form of political govt, big or small. And the people ended up paying for it. No, it is not corruption but a derivative. It is just using public money to pay to people doing something not really necessary, like the dukes or whatever, not because the job or title is necessary but add ons, like badges of honour. Simply it is a political payout from the state’s fund, public money that need not be. In monarchies, it is a parasitic scheme that sucks away money from the state for the royal families, and the amount can be a strain on the country unless there is oil money coming out from the ground.

In modern nation states, republics and democracies, such payouts are getting more prevalent under different guises. No wonder many democracies in Europe are going bankrupt and the people did not know where the state money goes to. It is convenient to just blame it on the welfare system. But without lifting the blinkers, they would not know how big is the political govt and the political payouts. They would not know that there is a horde of dependents happily being paid enormous sums of money by the people without the people having any clue to it.

The people in the countries of PIGS are thinking that they were the ones bleeding the countries through welfare schemes. They did not know of the bigger schemes that their elite are parties to, and taking much more than them. And the elite will never admit that they are in the take, taking money from the public coffer.