Wednesday, May 7, 2008

Golden Age or Hungry Years? If Singapore is so rich, why am I poor?


I just read Mr Wang's post on how rich Aljunied Town Council is and how they intend to make more money!

Until I had my heart attack and my wake up call at 55 from CPF, I always took it for granted and had the faith that the government would always do the right thing. Alas, most of the rights have gone abysmally wrong.

When they had no choice but to disclose that Singapore through GIC & Temasek are literally lending money to the American and Europeans through the banks (Citibank, Merill Lynch, UBS, etc,), I began to wonder just where did the money come from?

Just where and who is this Golden Goose that lay all the golden eggs in our little red dot? As there will always be some white ganders who would claim credit for our riches, I finally find out who's laying the golden eggs!

I'm no Mr Leong Sze Hian, Mr Wang or Mr Tan Kin Lian where money & finance matters are concerned. However, I think the two main geese are CPF and HDB. Seems to me every Singaporean mother's son and daughter are paying one way or another to these 2 fat monopolies. These 2 taps never seem to run dry and I guess they never will! HDB subsidy or no subsidy, CPF's loans shark's interest rate or zero interest, they make from us. They make PLENTY from us!

Of course among many others, GST, ERP and now the PAP-run Town Councils through the Service and Conservancy charges are taps that are always overflowing with money that keeps adding to their stinking funds and reserves.

So if Singapore is so rich, why are there so many poor? Looks like it's Golden Period for only the Eleetists! Who needs to show his poorness and be pictured in ST receiving help from Tua Pek Kong Temple donors through Defence Minster Teo Chee Hian as the picture above shows? Has political correctness gone so cheap nowadays that ministers and MIW MP's have to hog the limelight to be photographed in do-good do-right show-offs? Even the charity do not come from them?

Even it's not their money, I used to respect them for taking the time to encourage the public to help the less fortunate. There was semangat or spirit or togetherness then . Not now bro! With the cruel stroke of legislation in taking care of their own greed in paying themselves king's ransom, I have come to the stage of "arm chio" or "hidden laugh" when they try to put on a wayang to be kind and caring!

If anyone of them were kind or caring enough, the conversation of having 3 meals in hawker centre, restaurant or hotel would not have come up in Parliament and created such embarrassment! Of course, the shameful 2007 GST increase to 7% and 2008 Budget Surplus which is now swept under the carpet should not have happened either!

As much as some of them may be doing good in secret (so some claimed), these do-good photo-ops are such embarrassing jokes to their credibility! Maybe the expensive (as much as $3.7 million per year) time of ministers can be better spent helping MHA Minister look for Mas Selamat.

Sorry, some tricks don't work anymore!



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