Monday, July 26, 2010

MBT : There is IMBALANCE in the Market!

Imbalance? The word 'imbalance' must be Minister Mah's euphemism for 'shortage'. Still, I think it is a step forward for Minister Mah to admit something is amiss[Imbalance in resale market]. There has already been months of waiting by ordinary Singaporeans and flood forum letters, complaints to HDB, discussions on the Internet and many many signs that something is not right. Yet the minister made numerous denials that something more needs to be done before the shortage worsens.

Admitting there is some kind of problem is a first and necessary step to start fixing the problem....but it is not a sufficient step to address the issue completely. Minister Mah still has not demonstrated that he understands the cause of this 'imbalance' (maybe he just doesn't want to admit it). One just have to look at his proposed solution:

'HDB has launched almost 9,000 new flats in the first half of the year, and it will launch another 7,200 in the second half to meet growing demand. Another 4,700 new flats under HDB's design, build and sell scheme (DBSS) and recently sold executive condo sites will also add to the supply. In the short-term, Mr Mah said it was hard to tell if prices would continue to rise' - Straits Times Report [Link].

Strangely, Mr Mah said 'it was hard to tell if prices would continue to rise'. Why is it so hard to tell when the PM just said that 100,000 foreigners will be needed in the coming months. How can the shortage (a.k.a imbalace) be fixed when HDB is only offering 11,900 new flats? ...and these flats take time to build before people can live in them!

The truth is the PAP GDP growth strategy has now become highly dependent on foreigner labor and this imported labor is brought in at a faster rate than what our infrastructure can support. Trains become overcrowded, housing costs spiraled up and there was even a shortage of hospital beds a few months ago. To keep the GDP rising, the benefit of which is very unequally distributed with much of it going to the profits of corporations many of which are linked to the PAP govt, ordinary Singaporeans have to shoulder a disproportionate amount of the pain and burden of PAP policies.

64 comments:

Anonymous said...

Wealthy Singapore Citizens who already own private property and Permanent Residents (they are effectively foreigners who can own property in the country they came from) are the ones who push up the price of flats. Many of these peoples rent out whole or partial flats to collect rental income. Some even rent out whole flats immediately after bought the flats as they already have a private property to stay.
Middle class Singapore Citizens have to work like a cow and work like a horse for their whole life just to pay off the high price flats.

Anonymous said...

"Middle class Singapore Citizens have to work like a cow and work like a horse for their whole life just to pay off the high price flats."

But they still support PAP what. If not, tell me where the 66.6% vote for PAP came from?

Unless they are a minority. And if so, Singapore is a fantastic place where the majority are wealthy.

Anonymous said...

The Issue is not how many more HDB Units are built, it is how much they are priced. Never hear any mention of their pricings or did i miss it?

There is one consolation for First Time Applicants who will be given priorities. However, with a decision to bring in 100 Thousand aliens in the coming year(s?), Singaporeans cannot expect housing costs not to be 'competitive' toward the higher end. In this sense, the Announcement by Minister Mah can hardly reduce any stress for the Citizens.

patriot

Anonymous said...

Another confusing comment from the minister: "That's why you have a disparity in price between resale flat and new flats. This cost difference reflects the time difference." So is there a market subsidy or not for new flats?

Anonymous said...

"So is there a market subsidy or not for new flats?"

Anon above.

Sure have but not much lah. If too much hoh, people will sell their old flats very high and then buy new flats much cheaper and make a lot of money, right or not?

Anonymous said...

Pretty stupid comment...

Majority of people staying in singapore are rich.

So who is going to defend all the rich if one day singapore is threaten with a war or natural disaster...

By the time almost all of the people in singapore are rich.

There will only be mercenaries left to defend or help.

Then you will really know how inane the PAP policies are.

furrybrowndog said...

He might as well have said "I sense a disturbance in the Force."

Lucky Tan said...

patriot,

Pricing will have limited effect if the supply is insufficient. Suppose HDB price 1000 new units of 4 Rm flats at $200K which are selling for $350K on the market. It will just cause an over subscription of 100 times.

To bring down prices by supplying lower priced new flats HDB may have to produce 500,000 to 1M flats in 1 year. If they continue to undersupply, lower prices will simply mean longer waiting time and longer queues for those flats.

In a way, the PAP govt is stuck because of poor coordination of policies and all the unintended(? undesirable) effects just appearing on so many fronts.

Anonymous said...

To Anon 12.22

If Anon 11.42 made a stupid comment, it is because the situation is also stupid.

Why are we all in a stupid situation then? Including Anon 12.22, if he is not foreigner living in foreign land.

Anonymous said...

Not market finds 100% satisfaction. The way the PAP played the property market, at least 75% homeowners should be contented.

I think that's good enough.

Now they need to keep it stable and reasonably on the up so long as the 75% holds up.

Anonymous said...

hdb built 20,000 new flats may be in 3 years time but 100,000 people need it now so what would happen to the price?

Anonymous said...

The market will be in danger if we have too many foolish singaporeans who are unwise with the wealth generated.
So when they say high prices have become a motivating factor to buy and sell, and make some money, they are not far from the truth.

This market euphoria will result in some being poorer, in spirit,cash and relationship, as result of greed or want.

More need to be educated to be financially prudent to keep our market stable.

Anonymous said...

People who come here to work must first find a place to stay. If there are enough places for them to stay, more are welcome.

At the end of the day, our expansionary plan cannot be unlimited.

They have to decide the optimum capacity for this kind of city or things can go terribly wrong here.

Xtrocious said...

Pricing will have limited effect if the supply is insufficient. Suppose HDB price 1000 new units of 4 Rm flats at $200K which are selling for $350K on the market. It will just cause an over subscription of 100 times.

To bring down prices by supplying lower priced new flats HDB may have to produce 500,000 to 1M flats in 1 year. If they continue to undersupply, lower prices will simply mean longer waiting time and longer queues for those flats.

In a way, the PAP govt is stuck because of poor coordination of policies and all the unintended(? undesirable) effects just appearing on so many fronts.

--------------

Dear Lucky

This is nothing more than blatant monpolistic pricing policy...

As a monopoly, they can restrict supply to control pricing and maximise economic profit for themselves...

Alan Wong said...

MBT finally admits that there has been a mistake but just doesn't have the decency to say sorry.

Sorry must have been the hardest word to admit in the vocabulary of the PAP leaders starting from the MM himself.

Because it would be a mistake by itself for our world class Ministers that to admit that there was any mistake in the first place.

The fact that they are the best must have been a lie afterall.

Anonymous said...

PAP's Mr Mah forgot to mention that those upcoming flats won't be ready until 2015-2016. In the meantime where are our young couples and families going to stay? HDB void deck? East Coast beach? Most couples aren't going to start a family until they got their housing woes sorted out... and PAP complains about shortage of babies!

It should be obvious by now that HDB/Mah has lost their focus on providing housing for the masses but instead they are using HDB flats as an instrument to generate obscene surpluses... and resort to rigging the HDB housing market to boost prices. Tightening the supply of new HDB flats while SIMULTANEOUSLY letting in a few hundred thousand foreigners result in skyrocketing property prices.

After all, what costs only $40-50k to build sells for $300-600k, with the massive 'surplus' channelled into GIC and Temasek for "long term investment", where "long term" means losing all the money.

Anonymous said...

"...but instead they are using HDB flats and immigration policy as an instrument to generate obscene surpluses... and resort to rigging the HDB housing market to boost prices."

basic demand and supply, and housing is a very inelastic demand since everyone needs a roof over his/her head. That means those who feel more desperate and aren't prudent with their money will continue forking out hefty COVs to buy resale flats, and so pushes up the price of new flats.

Anonymous said...

PAP cannot keep building or there will be an oversupply and we ALL will be dead.

Anonymous said...

Mr Lucky Tan;

pardon me if i lack reasoning in my comments.

Me does think that housing cost for first timers does matter to applicants and the only problem, which is a very minor one, is the effect on the resale market. There can never be oversupply of properties in SIN.

There are conditions to buying a 'subsidized' flat and in my view if it is a genuine subsidy, new flats can be sold to first timer at much lower prices than prevailing market resale flats. There could be some tweakings to the conditions such as the buyers of these new flats will have to occupy the units for 15 years or more and otherwise will have to sell back to HDB at the prices they bought them.

Me am of the opinion that 'subsidies' in anything in SIN are not true to the letters or spirits, but a play of words or manipulations. In any case, flexibility to formulate some advantages to local born citizens can always be made, if there is a sincere wish to do so. It's like saying, it is definitely possible to alleviate the floods or reduce their impacts. And not just gave all kinds of poor excuses and perverted claims.

patriot

Lucky Tan said...

Patriot,

The issue of subsidy and how much subsidy emerges only when prices have risen beyond wages and that causes a burden to Singaporeans. I prefer the problem be fixed by tackling the demand/supply situation. If prices of flat is so low that everyone who has a job can afford decent housing for his family - no issue of subsidy will pop up.

Right now the govt gives subsidy for new flats for 1st time buyers and as incentive to stay near parents etc. The problem with giving more subsidies to keep the price for 1st time buyers are:

Subsidy ends up as cash handouts when the person sells his flat,say, to emigrate or upgrade. Such handouts that is not based on a person's needs is not the best way to give out money. In fact the HDB subsidy causes more money to go to people who don't need that those who need it. Take the case of Mr. Wang (of MrWangSaysso) he bought a flat and enjoyed all the subsidies then leveraged on it to buy a cluster house. That same money would have done a lot more for low income family then it did for Mr.Wang who really doesn't need it - he is a highly paid lawyer whose wife is also working as a lawyer.

You're right to say that more rules have to be applied if more subsidy is given. Mr. Mah himself said that if the HDB is sold at cost of building, then owners sell it back to HDB without profit.

Many people are unhappy with the term 'market subsidy' which is often called a fake subsidy. The HDB actually reports billions in losses due to this 'subsidy' when there is actually a surplus. It is a big joke the extremes the govt goes through to show that it is 'bleeding billions' selling HDB flats which are the most expensive flats in the world. I prefer the surplus (or profits) to be transparent and tracked so that the burden shouldered by Singaporeans for housing can later le alleviated later on with this 'surplus'.

Anonymous said...

the disparity between new and old flats cannot be too wide or it will encourage greed when new flats go into the resale market. seriously, i know of no other property market in the world where first time homeowners are offered a "lottery ticket", do you?

i think the gap(between new and old) should close for the simple reason we shouldn't encourage unrealistic expectation in our people(especially the young)

they have to put on their thinking cap to do better othewise greed will consume all of us.

Anonymous said...

because housing prices are tied to the resale and private market, people should understand we can't lower new flat prices too much.

hence, it is inevitable home prices will move up so long as there is a private or free market at play.

what gov should do is to further lock up capital gain from the public housing so people won't gamble away this wealth at social expense later.

Anonymous said...

"what gov should do is to further lock up capital gain from the public housing so people won't gamble away this wealth at social expense later.

26/7/10 15:19"

err, what about our retirement funds? singaporeans have been proven to slough off the longest for a house, are you proposing that we spend another lifetime working to save up for retirement?

pls, high property prices only benefit a slim segment of singaporeans, those who have a second, third etc property. read: rich and elite PAP

Anonymous said...

"what gov should do is to further lock up capital gain from the public housing so people won't gamble away this wealth at social expense later."

There will be less of an incentive to buy and sell for profit too and people with genuine needs to upgrade or downgrade can do so because, they will be no real gain or losses to influence their decision except to meet real needs.

Anonymous said...

Why don't you guys see the whole point of keeping HDB prices artificially high?

When Min Mah now talks about "imbalance", he does not really mean an intervention to increase supply such that prices can come down to levels that become genuinely affordable. Why? Because higher and higher property (be they HDB flats or private) prices are meant to expend SGporeans' fat CPF accounts back into the hands of either govt (HDB or GLC) or Pte Property companies profits. Either way, all this collective CPF obligations will pass into the hands of the government legitimately thru the aforementioned inflated property prices or via taxable profits of private property companies which benefit from selling at these inflated prices. End result: the total returnable CPF obligations bill to citizens who will reach the age of 55 (which again and again will be shifted as well, plus yet with more modifications like CPF Life) will be drastically reduced, and government coffers further engorged simultaneously in a masterstroke.

Why would the govt want to reduce their returnable CPF obligations? That is another story.

Finally, who says these highly paid officials are sitting idly by and twiddling their thumbs?

Anonymous said...

"err, what about our retirement funds?"

The plan is your residential nest is your retirement fund.
They need to fine tune it further to convince people it is a good plan.

Anonymous said...

People are not stupid. If there is no real gain at the end of the day, everyone will be screwed.

The garmen has always work on a win-win policy. If they win too much and we win too little, they will also be in trouble.

Question is: have they progressed too far ahead and when the rain comes, some areas will be flooded more than normal?

Anonymous said...

tsk tsk ts...ppl just do not know how to deal with rich folks.

i believe the game plan has changed.think.

Anonymous said...

The prices of housings had surpassed the average incomes of Singaporeans for some years now. Such is the reasons why singaporeans have to cow peh cow bo for the last few years.

If foreigners are not invited or allowed to settle here, there should be no problem in housing supply. The population as it is, at 5 millions, i s creating bottlenecks on the roads and in public transportations, hospitals and schools. Soon, markets/hawker centres will also be overcrowded. On top of these, foreigners influx has led to housing shortages.

With the prevailing housing condition, young singaporeans will indeed have to forgo starting families as they themselves will not be able to afford their own homes. Unless and until policy makers understand the plights of our youngs in their carreers and logistics, they shall remain a pityful lot.

It is up to the conscience of the leadership.

http://vonhayek.blogspot.com/ said...

Re Annon 26/7/10 15:35
Re Annon 26/7/10 15:19

I want to sell you chicken rice at $2. Will you say it is too cheap and wish to buy it at $4.

I want to sell you a 100 sqm house for $10 000. Will you refuse and want me to sell it to you at $20 000?

Would you want your scion to have a minimum 100 sqm appartment. Or out of greed, you want them real estate to increase and increase to extend people cannot even afford a toilet?

Anonymous said...

go travel a bit lah. we are not even close to the kind of crowd you see in major cities full of buzz.

next

Anonymous said...

aiyoh, you there. go and study basic economics 101 lah before you rant

Anonymous said...

Vote for PAP, long live the father & son and soon the grandson

Anonymous said...

maybe they should sell ipad at $10. HA HA HA HA HA

Anonymous said...

Anon @ 1142

Remember that not all of us get to vote. There are many walkovers and with the current election policies, I think we will not see an election that truly reflect desires and aspirations of the masses. Perhaps somebody can do in-depth analysis of the so called 66.6%.

But one thing for sure, with the gerrymeandering and pork barrelled politics, it is hardly a fair game.

Anonymous said...

And also looking at example of North Korea, it has been depicted as a country that is poor and leadership so wanton, but yet the leaders still remain in power. What are the reasons for it? Same goes for Myammar...

I think people with vested interests or directly benefitting from such leadership pose quite an obstacle....

Anonymous said...

Has the rental market saturated? I open the papers, there are plenty of homes available for sale and rental leh.

We need more people to take up all these idle places lah.

Anonymous said...

"The plan is your residential nest is your retirement fund.
They need to fine tune it further to convince people it is a good plan.

26/7/10 15:39"

sure, let's sell the residential nest to raise retirement fund. for the last golden years, pitch me a tent in east coast...

see, you sell your house to retire, you have no house to stay.

unless of course, you're saying that the house can be reverse-mortgaged for a stream of income.

but two problems here. we know the rates of reverse-mortgage sucks big time. PAP has been talking about this for ages, and yet it's not workable.

also, see the irony. because of the high property price, all your life you slog and slog just to pay for a house which upon your death goes to the bank.

now of course, if the PAP had not made hdb so ridiculously high, all you life you slog and slog, but can still have money in cpf upon retirement, and upon death to leave some money for your children.

see, the evil of ridiculously high hdb price (oso PAP's salary)

Anonymous said...

that's why need to fine tune. not impossible though.

Anonymous said...

A market supported by foreigners and PRs is like building castles on the sand.

Anonymous said...

There is no escape from work in this life. Might as well enjoy it.
You see, the key is to enjoy one's work.
We have come a long way from the paddy field to an aircon office or environment.
If the working and jobs improve further, we will have less to complain( in fact, they want to work beyond retirement if the work is meaningful).
A third of our income(the affordability index) goes to housing is the current standard and maybe fair too considering it gives you some kind of ownership privileges.

Anonymous said...

Singapore worries is Corporate ethics. Something we don't pay much attention to because our idiotic opposition keep playing potbelly politics.

Kaffein said...
This comment has been removed by the author.
Kaffein said...

@Anon26/7/10 16:15
"go travel a bit lah. we are not even close to the kind of crowd you see in major cities full of buzz."

Kaffein>
I have travelled and lived abroad. I can tell the governments of the countries give priority to their citizens and seriously give weightage to their feedback and comments. Because if they don't, you can see them voted out in the next election when the shadow ministers of opposition parties come up with better policies. Right now, we don't have a two-party system which is unfortunate.

For those living in major cities, there are always an alternative to move to the surrounding suburbs. I for one refused to live in the city but moved to family-friendly areas outside. Yes it will take me 1 hour to commute to the city daily and I enjoy the ride there. I always have a choice how I want to live my life.

In Singapore, are there surrounding suburbs where one can live in affordable housing? Even a Sengkang flat is now fetching a tidy sum. And HDB rentals are fetching crazy.

Please do me a favour and travel/work abit more. Then you will perhaps see a difference and not shoot off your mouth. Hope you don't take it as a personal attack but constructive criticism. And I hope your postings are satirical too.

Cheers,
Kaffein

http://vonhayek.blogspot.com/ said...

Re Annon 26/7/10 17:42

////////////////////////
A third of our income(the affordability index) goes to housing
///////////////////////

Depends on what housing. Is it a dog kernel? Besides, is it really 1/3 -- or more?

And also depends on years of mortgage. PAP can come out with 100 installment and still say housing affordable.

For a hardworking toilet cleaner earning $800, 100% of his income cover his interest payment on 30 years installment-- just to buy a $300000 3 room flat.

Anonymous said...

Compare apples wit apples and perhaps you will have less straying angst?

In fact, our geography,constrains and unique mix of culture and race make us an alien fruit.

Hard to find a fair comparison and thus, why we need to forge our own way - and that includes politics.

Anonymous said...

Problem is that you guys are not in the position to address the affordability issue.
We take whatever data provided by the respective authority and end of story.
Here people generally exercise good faith until they see something like hong kong developing here.

Anonymous said...

I think we are breeding aliens...ha ha hahhaaa

rojakgirl said...

As long as Singaporeans keep voting the PAP in, this is our reality.

I will wait for the elections to come and see how the results reflect the reality. If things do not change at all, then I can only grumble my ass off.

Anonymous said...

Re Annon 26/7/10 11:42

////////////////////////
But they still support PAP what. If not, tell me where the 66.6% vote for PAP came from?
///////////////////////

The votes came from 2 sources:

1)women voters who are gullible ignorant, who want stability and predictability and who didnt think too much about losing 2 years of career headstarts to FTs since they are above that.

2) and FTs converted to new citizens.

For these reasons, the ruling party will win the coming elections perhaps narrowly, but they shud enjoy overwhelming victory in the next elections becos by then the number of new citizens voters wud have outnumbered the locals, as planned.

Anonymous said...

Dear Mr Lucky

The majority of Singaporeans have a slave mentality.
Until u & the opposition acknowledge this and plan accordingly, there will be no change.
PAP knows the people better than you do.
End of story.

Mr Mah admitted nothing.
His idea of "balance" is certainly not the same as yours.

Either you risk your reputation/money/life or you let the stupids go extinct(evolution).

Either way works.

Not say I say what but so far your (and assorted armchair critics) whining have let to responses which include ... higher school fees for all ... packed trains with higher fares ... hdb housing shortage (followed by an inevitable painful crash) ... ...

Pls study history. The 1st reaction of those in power to powerless critics (like u) is inevitably to deny their mistakes and find more excuses before imposing harsh responses. I am afraid of the gahmen's help. And yours too.

Anonymous said...

Dear Mr Lucky

While SG waits for its 42 LuckyTans ...

=========
Increase in suicide rates in S'pore, male suicides double that of female

By Hoe Yeen Nie | Posted: 26 July 2010 1818 hrs

SINGAPORE: Figures from the Samaritans of Singapore, SOS, showed that the total number of suicides has increased from 364 in 2008 to 401 last year.

This it says brings the suicide rate to 9.35 per 100,000 residents from 8.76 per 100,000 in 2008.

Counsellors say the ups and downs of the economy mirror the changes in the suicide rate.

But the SOS says while five-year figures point to this link, it counsels a wide range of problems, including marital and psychological issues.

Ms Christine Wong, executive director of SOS said: "In many suicide cases, there may not be an isolated factor leading to suicide, but an accumulation of various stresses, overwhelming the individual.

"Whether an event is deemed as stressful or not depends on the perspectives and coping abilities of each individual, hence what may seem relatively trivial to one may be devastating to another. Feelings of desperation and hopelessness are more accurate predictors of suicide."

Among youths, there was also an increase in numbers from 12 to 19 in two years - to hit a five-year high.

Men accounted for two in three suicide deaths. Last year, men accounted for 267 of 401 recorded suicides, double that of female suicides, 134.

Young men in the age group of 20-29 were found to be at high risk.

Among them, suicides among men in their 20s doubled to 51, the highest since 1991.

Ms Wong said: "They are afraid of burdening their family, that they can't clear their debts. They think they can resolve matters through death. They probably didn't want to die, they just wanted to end their pain."

Anonymous said...

What it means is that SOS, and associated or similar help groups, ought to get fucked and followed by those responsible for their existence.

Anonymous said...

Re Annon 26/7/10 11:42

////////////////////////
But they still support PAP what. If not, tell me where the 66.6% vote for PAP came from?

the major source: guys who are ball-ness or infantile in outlook. this stunted growth in development is brought about by their 2 years of brain-washing during national conscription, or exacerbated by their natural propensity towards self-centredness.

Anonymous said...

absolutely, it has to be men. look at how many men occupying the seats at the parliament house, running the RCs, in the administrative service etc etc.

men are selfish: they all think, heck, i'm not going to vote against pap. i'll rant and comprain behind my computer and let the other people vote against pap.

runroad said...

"The 1st reaction of those in power to powerless critics (like u) is inevitably to deny their mistakes and find more excuses before imposing harsh responses. I am afraid of the gahmen's help. And yours too."

So is it your advice that we all cower under the bed in abject terror like you then, Mr. Afraid? Is your response to legalised thuggery to avert your eyes and keep as quiet as a mouse, praying that the police state won't notice you? Suck your thumb and hope for the mythical karmic retribution to strike down your enemy?

You're the one who ought to study history. Cooperating with a despot has never ever worked - not for the Germans under communist E. Germany, not for the Karens in Burma and not for the sinkies under the Japs in WW2, to name by a tiny list of those who learned their lesson the fatal way. Why are you promoting LKY's sickening threat that 'if no one fears me then I am a failure'?

At least the powerless sheep have gathered up enough courage to make their feelings known even if it is from behind the safety of a keyboard. You look down upon it and sneer at it as 'whining' but it's much braver than swallowing all the shit being shoved down your throat while faking a smile, isn't it?

Anonymous said...

SOS is playing down the suicide rate here by comparing figures with hk,japan,korea etc.

take hk for instance. they are only 5% higher than us. but consider we are the "3rd most livable" cities in the world. we are superior in term of regulation,efficiency,connectivity, crowd management,crime prevention and a generally prosperous and higher quality of life for average citizen and yet, we only faired slightly better - just looking at the numbers?

i think that if fishes keep dying in a cleaner tank, i should be more worried than if fishes keep dying in a more chaotic tank - which is expected.

so please get your bearing right and don't give us lame excuses for slacking!!!

Anonymous said...

Our leaders have yet to tell it into our faces but their silences and non reacting, response and blaming 'god' is as good as saying 'lee si lee a thai chi' meaning ' YOU DIE YOUR BUSINESS'. Well many citizens are affected by the same trait.

In local Malay Language spoken by Singaporeans 'you mati lu punya pasa'.

Anonymous said...

Vote wiselee. Vote for change, small change

Anonymous said...

Dear Runroad

Please read up history.
Complaining anonymously had never made a difference against tyrants. In fact, anonymity is an illusion.

In every society, there are only a select few who has the power to change destiny.

You and me ... we are insignificant.
The Mr Wangs and LuckyTans are different.
They are rich and articulate.

But when the ones who can make a difference does not step for whatever reasons, for the weak cowering beats dying.

runroad said...

Anon 27/7/10 22:27,

In fact, anonymity is an illusion.

Like so many of his grand utterances that's a Vivian Bala line easily shown to be complete BS. For instance, the quantity of computer viruses and malware in the wild has grown exponentially and shows no sign of tailing off. Piracy costs legitimate business countless billions. Why haven't the perps been brought to justice and stopped in their tracks if anonymity is as easily broken as you claim it is? Surely it would be child's play to obtain their identities? Ask the RIAA why they haven't been able to stop music piracy or the MPAA why all their videos can still be downloaded at the click of a mouse. Shall I go on?

In every society, there are only a select few who has the power to change destiny.

In any society a few will always step forward to challenge and change the status quo. Could be you, me, or your aunty Doreen. That is what all living creatures are hard-wired to do - evolve or die. To stand still is to guarantee species obsolescence and eventual extinction. The present 50-year political stasis in Singapore is an anomaly, an unnatural condition. It will be overturned and you can already sense the cracks beginning to appear as we speak.

The Mr Wangs and LuckyTans are different. They are rich and articulate.

Who says 'rich and articulate' amounts to a hill of beans? Are you a child brainwashed by the fraudulent Lee mantra that money is everything and you are less than human if you don't have enough of it? You are equating the role of leadership with the possession of wealth and that is simply nonsense. If it were true then Ng Teng Fong would have been PM of Singapore and Lee Kah Shing the head of HK. Needless to say the modest farmer Harry S. Truman would never have become one of the greatest post-war US Presidents. Did you notice that Mao was an 'insignificant' peasant to begin with and Hun Sen a humble rural school teacher?

It ought to be obvious that there's more to becoming a leader than mere money. Lucky and Wang may be well-off financially and write analytically but that is not necessarily a sufficient condition to qualify them for leadership of a nation. Our PM has both those qualities but would you go so far as to call Lee Jr. a leader? And in any case, why should these gentlemen step into the line of fire for you who deliberately choose not to lift a finger to help yourselves? Have you publicly pledged your total support to Lucky Tan since you're urging him to stand for election? Why haven't you put your money where your mouth is if you fervently believe he's the man?

You and me ... we are insignificant.

And perhaps we could even be the chosen ones. Might I suggest you try not to always see the glass half-empty instead of half-full? At some point even the most timid of prey stop cowering and turn on their predators. It's Nature's way.

Anonymous said...

love the rebuttals, man and best of all, it makes sense unlike some others...always love to read your posts, runroad!!!!

Fievel said...

Greedy, home owners citizens and new citizens will vote for him in Tampines.
The rest of us will all vote against.
So his continued existence as MP for Tampines largely depends on the make-up of these numbers.
Anyone with access to data or statistics care to venture a guesstimate?
btw, if he gets booted out of Tampines like he so deservedly should, can he continue to be Minister for National Development??
I look forward to the day when our nation's development is no longer under his charge..for it sure is going in the wrong direction!

Anonymous said...

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