Monday, 25 April 2011

MM reminds Singaporeans they are not living in Disney World.

My humble comments on MM's pre nomination lecture.

He's urged them to look at the fundamentals
- Dear MM, it's precisely the fundamentals that aren't so good. I've written about this in a post on your track record of late.

He reminded Singaporeans not to risk their assets, property values, and job opportunities.
- I've dealth with property values in one of my earlier posts.
- I can see no proof of how PAP has enhanced job opportunities unless they give us a breakdown of the total number or % of jobs created that went to Singaporeans.

Mr Lee explained that the PAP got Singapore to where it is by careful and painstaking selection of their successors, men and women of integrity and quality.
They fill the top positions in Parliament, the administration, the Police and the Singapore Armed Forces.
- I think the problem why enterpreneurship, creativity and productivity is lacking in Singapore is because we may have too many men in uniform in leadership positions. Food for thought.

Highlighting Singapore's achievements, Mr Lee reminded voters that no country in the world has housed 85% of its population in public housing of high quality with the remaining 15% able to afford to buy condominiums and landed properties.
-The problem is that the proportion of those in public vs private housing hasn't changed much since then. If the people of a society has progressed, then shouldn't we see a bigger proportion of citizens living in private housing over time?
- Singaporeans don't really own their houses, not in the pure sense. The banks actually own the houses. And seeing that most loan tenures are 30 years, one can argue that most Singaporeans dont own their houses until three long decades later. Even so, the PAP has devised an ingenious scheme to "allow" the elderly to sell their houses back to HDB at low prices.
The Central Provident Fund was also expanded and this has enabled people to buy homes, co-pay for medical and dental expenses, and still have an adequate balance for retirement.
- The British gave us the CPF. The PAP turned CPF upside down. The reason why many have little in retirement funds is because the CPF was "expanded" primarly to allow people to buy expensive housing leases from local banks. These banks literally made a killing here.
So Mr Lee's message to voters - do not rock the foundation and remember where Singapore came from, and how difficult it was that the country has got to where it is.
- The country is going nowhere, at least not forward. That's why you sir, despite decades of steadfast refusal, finally allowed casinos to inhabit our island. I guess your team of ministers have simply ran out of ideas. Isn't it time for citizens to "rock the foundation" now?
The Minister Mentor reminded Singaporeans they are not living in Disney World.
- I'm not sure if i should laugh or cry at this remark?

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