The daft are getting dafter

PMET: “I couldn’t agree more with Joshua. Firstly, if you want our government to do more, prepare to pay more taxes. Our taxes are currently among the lowest in the world. Any increase in benefits requires a huge burden of taxation, possible 40% income tax and 20% GST.”

“Secondly, if our government does more, you will accuse our government of over-meddling in the economy and society. Finally, if our government does more, will it not be going back to the era of Communism where the government takes a central role?”

“Think before you talk. The role of the government is to manage the supply side of the economy (land, rule of law, competition,infrastructure, health, education, security etc). The demand side (company investments, consumer wages & demand etc) is not the responsibility of the government. It is up to you to earn your own keep. The government does not owe you a living.”

Rebuttal to an Idiot
Comment appeared in: Rebutting DBS manager on asking God to manage SG

The above comments were quoted by ‘Rebuttal to an Idiot’ to the comments by a Joshua Chin. I would not want to be bothered with the full text of the PMET quoted and those who want to read the rebuttal can go to TRE to read the article titled, ‘Prepared to pay more tax if want Govt to do more?’

Does anyone really believe that the Govt is not being paid enough and needs to be paid more to do more? Does anyone stupid enough to think the Govt has not meddled enough of the people’s life and thinking that it should or could do more? Does anyone really believe that this govt owes the people a living and the people must be grateful to the govt?

The truth is that this govt is grotesquely over paid that every political leaders in the whole world is shocked into amazement. Only daft Sinkies think that this is the right remuneration to be paid to democratically elected politicians and should be more if they expect the govt to do more. Frogs boiling in hot water increasingly adjust to the temperature and would not know the difference.

The second truth is that this govt has over meddled with the people’s life, even refusing to return their life time saving, and even has the audacity to decide how to spend the money on behalf of the people. Now who is so stupid to think that the govt has not been meddling with your life?

And for the little crumps the govt is throwing out to the people while it is feasting itself with the best buffet in the whole world money can buy, and the daft people are thinking that they should be grateful and not expect anything from the govt? Hey daft, it is the govt that is suffering from extreme entitlement mentality, not the people. They are paying themselves crazy with public money as salaries and perks that are out of this world. Can you see that? No? Can you remove the blindfold they put on you? It is the govt that should be grateful to the people’s generosity to be able to live a standard of living many times better than the Swiss.

Kopi Level - Red

Fergusson, USA: To all the assholes that called Sinkies racists

There have been frequent attacks by some racists here against Sinkies, calling Sinkies racists for the slightest thing. The UOB staff was called racists for painting their faces black for a theme party.  The govt is called racist if they put up signs not in the four official languages. Scolding a rogue foreigner is a racist act and what else.

If these asshole racists want to know what racism is all about, please go to the USA. Go to Fergusson, Missouri, or to Cleveland Ohio or any part of the USA, to have a taste of racism when the policemen will feel very happy to shoot any black colour man, even boys, on the slightest pretext. And the excuse, the burly white policemen feared for this life in the face of a black man half his size or a child carrying toy gun. They simply shot them dead so that they could not tell their sides of the story. And 14 policemen surrounding a black man only found it a must to shoot and kill the black man as there was no other option to restrain the black man.

To all the racists that think this is a racist country, please fuck off from this island and go to the USA, the most friendly and non racist country that loves coloured people. And yes, they have a coloured man as a President to boot to make the blacks feel very secured.

Let me put it straight here. Sinkies are the most tolerant and colour blind people in the whole world. There would be the odd nut cases like in every city or country. But in general, Sinkies welcome everyone here. Some even said this country belongs to everyone. And only foreigners have the privilege to bully and beat up Sinkies, not the other way. How’s that for a ‘racist’ people?

Kopi Level - Blue, thank you.

Why Sin City has no talents?

Simple, the answer is very simple. It is like COEs. When your car reaches 10 years old, no matter how good is the condition, it is no longer allowed on the road. Our seniors, other than a handful specially favoured yodas, the rest will reach their COEs at 55 if they are lucky, after which they will be immediately written off as unworthy, unable to contribute anymore, or no more talents. Yes, Ngiam Tong Dow and his cohort are no longer able to contribute. They must either have sold their brains or they just took out the chips inside their heads. And yes, all the boys and girls are smarter and wiser than them. And disagree kee chiu.

But they are lucky. Many of the younger seniors, before 55, were already written off by their organizations and were told they were no longer able to contribute. And they would be immediately replaced by chapalans from little villages and even fakes, that are claimed to be the new talents to bring Sin City to greater heights. Or to dump Sin City from where it is to the abyss?

The silly boys and girls in charge have written off several generations of talented and experienced Singaporeans, rich in the heads and full of wisdom and replaced them with infants and lunatics. Who is this criminal or bunch of criminals that decided to write off our real talents and replaced them with craps and fakes?

I simply cannot understand this stupidity. The delusion of superior talent is at its peak. To the super talents this is superior wisdom and intelligence, to get rid of the old and replace them with unknown adolescents from God knows where. And everyday without failed, they kept bringing in more fakes and half bakes to slap the Silver Brigade, to tell them, see, more talents and more talented than them.

On the other end, the local young were kicked aside on the excuse that they have no experience, no skill sets. Only 3^rd world villagers got the right skill sets. Only super talented idiots would believe this kind of ideas. My goodness, how long would these fools continued with their foolishness, to be conned by 3^rd world snake oil sellers?

Now you know why Sin City has no local talents? You got the answers right? We just write off our own talents like 10 year old cars. Just take away the COEs and turn throw them into the scrap yards.

Kopi Level - Blue, thank you.

Private grads advised to go for accredited degrees

The issue of getting a recognized or accredited degree is raising temperature. How frustrating it is for a young guy who wanted to get a degree desperately, cannot get into the local university, cannot afford to throw a few hundred thousands to go overseas, and ended up in a private university here, then only to find out, after spending a couple of years and money, that the degree is not recognized?
 
Even going overseas, even in supposedly reputable universities in Australia, many of them are not recognized, not good enough. I hope the Aussie govt is not amused or insulted by our refusal to recognize their good universities. Singaporean students must be very careful in applying to study in local private universities or overseas. They must double check to make sure that they did not waste their time and their parents’ money on something that is not recognized.
 
There have been several forum letters to the msm talking about the plight of Singaporean students trying very hard to get a degree and ended in a very difficult position, degree not recognized.
 
What I thought would be an easier option, a failed safe option, is to take advantage of CECA and go to India. If I am not mistaken, under CECA, all Indian universities are recognized. Why got into all the trouble to go to Australia or local private universities when India is beckoning, come, our university degrees are all recognized and guaranteed of a good job in Singapore?
 
Singaporeans are simply daft and any how spend money when they could get a good degree in India with no problem of being recognized. Please correct me if my information that all Indian university degrees are recognized here is erroneous. I could not find an authoritative source to confirm this. But all the foreign recruiting agencies are very happy to accept and recommend graduates from Indian universities and the employers too are very happy to employ Indian graduates in top management positions, not low paying low level jobs, mind you.
 
Go where you can get value for your degree, go India.

Kopi Level - Blue, thank you.

What is $60 billion?

During the global financial crisis it was officially reported that the combined losses of the two SWFs were $60b. It was a staggering figure and many people put a lot of 0s behind it, ie $ 60,000,000,000 to show how big this number is. But do they really register, how big is this sum of money?
 
The Philippines announced a budget of $20m to acquire navy boats to compete with China for control over the disputed islands in the South China Seas. Damn big deal. India announced a budget of $3b to purchase weapons to want to be a super power. Another damn big deal. All these are nothing compare to the $60b that was lost. Got any idea how big is this $60b? It can build 30 Gardens by the Bay all over the island but would not be able to find any spare land to take more than 3. We would not have the land for 30 Gardens by the Bay in the island. What about the $6b to buy the super expensive toys called F35s at $300m each for 20 pieces? $60b can buy 200 pieces of F35s!
 
I don’t think many of you would get the picture still. Using a workforce of 2m and each contributing $200 pm to the CPF this will mean $400m into the CPF per month or $4.8b per annum. Actually it could be more than $6b if bonuses are included. It would thus take 10 years to contribute $60b by the whole work force at today’s income level.
 
15 to 20 years of CPF contributions of the whole workforce
 
To collect $60b from a smaller workforce and a smaller income base like the last two decades, it would likely take 15 to 20 years to reach $60b. Now you get the picture of how big this $60b sum is? It is the equivalent of15 to 20 years of the whole workforce’s CPF contribution to lose in one go.
 
Of course today more than $60b could have been collected since the financial crisis in CPF to cover up this loss. But if hypothetically the $60b were CPF money, the loss would not and cannot be covered as the new money must be returned to the CPF contributors when due. It is just new money to pay for loss of old money as a stop gap measure. Uh, did someone say no need to pay back with all the changes to the CPF system? Really? CPF not your money any more?
 
Let’ take it that the $60b is not CPF money, so there is nothing to worry about your CPF savings. The point of this article is to show how big a sum of money is $60b with the CPF savings used only for reference and comparison purposes. Imagine the equivalent of 15 ot 20 years of contributions by the whole workforce gone in a smoke.

Kopi Level - Blue, thank you.