this is a very shallow remarkOriginally posted by Ferguson:to be a good politician anyone with a good education can already
Have you heard of Index Fund? Any Fund manager can beat GIC in bringing returns by passive indexing. Who are you trying to kid? Bring in below market average returns then say losing a few billion is nothing? I am sure Optus is an honest mistake...Originally posted by octet707:Well some fourmites here talk about the lost of a few billions in investments being nothing to the government but heres a question any idea how much profits GICs create for Singapore annually? Is there any investor in the world who never had any failed investments before? I believe as long as the long term returns r there short term losses must be accepted. Its all part of investment.
Maybe you could suggest to LKY not to terrorize the opposition, sue them untilOh n about LKY's point that the salaries of ministers need to be raised in order to remain competitive, i feel that its reasonable. Well how many people are that noble to put in alot more effort relative to his achievable income. Singapore is small. True we need to attact such noble people to the govt but with a population of 3m how many of such people exist in Singapore ? Theres has also been comments that the civil servants r no longer as motivated and effective as before, perhaps the salary could be attributed to it. Majority of the population who are taking up posts in the govt now or in the future have lived the life of a developed country citizen. Just like you or me. There couldnt be as much leaders as in the past who are fuelled by the desire for country even at the expense of monentary incentives.
That's what banks do, too. Are you going to stop putting your money in the banks?Originally posted by AshedAnna:What I think is the gvt is simply using the people as atms. They just take and take and take, and while they walk around with fat wallets, use our money instead for their own investments, and they know we can't do a thing about it.
The main reason on our rapid growth is due to our size. Come on, face it. Although our government are more competent than some of our neighbours' and I do admit that boost things up a lot, we do not have as many problems as they do. Our population is small so it's so much easier to control. Our landmass is small so it's easier to govern and build upon. Our small size also means we can reach the peak much faster because we only have this much landmass to concentrate upon while the bigger countries have to build on so landmasses that's more than ten times our size.Originally posted by VivId CrItiQuE:gosh.. so many pple upset about MM Lee's speech..
Singapore has to be ran like a huge investment company, becos we are small, haf no resources, WE NEED THE HUGE RESERVES. Else singapore is NOTHING. U put incompetent pple at the top, ur reserves will disappear in no time. Singapore will disappear in no time too.
Compare Singapore wif our neighbours, in the past decades, who grew the most? If u do not attribute that to good governance, what do u attribute it to? Perhaps u would like to haf one of our neighbours as ur government? Maybe we will be more prosperous ya?
if ur not capable enuff, stop blaming the government about ur poverty, blame it on ur lack of brains and hardwork. Singapore's economy is moulded in such a way that if u use ur brains and is willing to work hard, u will succeed. Look at the pple earning few hundred K annually, do u see them complaining about the government?
if u think that ur capable enuff and u realli hate the government so much, den go ahead and migrate, singapore doesn't need whiny pple like u!!!![]()
He said: "The cure for all this talk is really a good dose of incompetent government... your asset values will disappear, your apartments will be worth a fraction of what it is, your jobs will be in peril, your security will be at risk and our women will become maids in other persons' countries - foreign workers."No PR skills. No wonder Indonesia/Phillipines etc don't like us.
For banks its inevitable. They are financial institutions. At least they loan.Originally posted by Slipshade:That's what banks do, too. Are you going to stop putting your money in the banks?
ya lo.. lousy PR..Originally posted by Boy Stratus:No PR skills. No wonder Indonesia/Phillipines etc don't like us.
Please stop sounding like LKY.... I am so afraid of a world without Ministers with High Salaries... You might want to add HDB flats would vanish and our children become maids if you we dont give them high salaries...Originally posted by VivId CrItiQuE:gosh.. so many pple upset about MM Lee's speech..
Singapore has to be ran like a huge investment company, becos we are small, haf no resources, WE NEED THE HUGE RESERVES. Else singapore is NOTHING. U put incompetent pple at the top, ur reserves will disappear in no time. Singapore will disappear in no time too.
Originally posted by shade343:Some of the look like Josh Groban and Justin Timberlake. We should compensate them for providing sex appeal to the civil service.
If the fascist inepts were that competent to be holding the top jobs (and I mean the really top ones) at Morgan Stanley, Lehman Brothers or Goldman Sachs, why on earth are they settling for a paycheck that's under USD1.5million per annum and putting up with unappreciative ingrates?Originally posted by allentyb:"So for the average family earning S$1,500-S$3,000, we are talking of astronomical figures but for people like me in government, to deal with the money which we have accumulated by the sweat of our brow over the last 40 years, you have to pay the market rate or the man will up stakes and join Morgan Stanley, Lehman Brothers or Goldman Sachs and you would have an incompetent man and you would have lost money by the billions," said Mr Lee.
i do not come to a well to do family, i am not earning a fat paycheck, in fact i am still studying. i've been in diff jobs since my secondary school days, and know the difficulties of earning money. my parents are the type of pple that ur describing, feeling sour, stuck at that wage having difficulties moving up. but i also recognise that they ain't doing much to improve themselves. yes they work hard, but not smart. i am come to recognise that u dun blame any1 for ur low paycheck but urself for ur lack of competence. whats the point of whining? does it help? y not use ur brains and think of how to make money? there are so many cases of retrenched workers who make it gd after upgrading themselves or starting a biz. no, i did not quote these examples from the newspapers, but i'm refering to my fren's parents. as for the part "get out of my elite uncaring face", i will not use such phrases because it is plain rude, but neither will i sympathise wif those pple who juz sit around all day whining.Originally posted by Slipshade:The main reason on our rapid growth is due to our size. Come on, face it. Although our government are more competent than some of our neighbours' and I do admit that boost things up a lot, we do not have as many problems as they do. Our population is small so it's so much easier to control. Our landmass is small so it's easier to govern and build upon. Our small size also means we can reach the peak much faster because we only have this much landmass to concentrate upon while the bigger countries have to build on so landmasses that's more than ten times our size.
Sometimes not having it good is not due to lack of brains and hardwork. Of course people with high pay won't be complaining. It doesn't affect them too much. Honestly, so what if people in the lower wage segment is feeling sour and jealous? They have a right to. Sometimes they are stuck at that wage segment and have alot of difficulties moving upwards. So what do you expect when the price of everything except for their paychecks are going up? To make matters worse, the ministers are having a payraise when they hardly got one. It does make their lives more difficult because the rich only get richer while the poor gets poorer.
You show a clear lack of grasp in reality, and seems to be also quite insensitive to the plight of those people in the lower wage segment. You give me the impression that you are either making enough money not to worry, never being poor before, your parents are rich or that you've never worked before. You also sound like a certain someone, you know? I'm surprised you didn't end your post with 'get out of my elite uncaring face'.![]()
so who do u think can lead the country better? yeah, i lack in EQ, so do the government, perhaps they should juz use our fat reserves to pacify pple like u.Originally posted by kilua:Please stop sounding like LKY.... I am so afraid of a world without Ministers with High Salaries... You might want to add HDB flats would vanish and our children become maids if you we dont give them high salaries...
Anyway we already have an incompetent Ho Ching thats making our investments vanish... Its better to have revolving door government so that there would be accountability, check and balances.
Are you so lacking in EQ that you dont realise the timing of the wage hike anger Singaporeans ?
Hey vividcritique, just dont waste your time and effort to explain things to these people... They just dont understand... im sure some of them do understand but they just refused to understand... Just look at the above quote i made...Originally posted by freakass:You people over here are just a bunch of retarded incompetent whiners. Enough said.