Yes I thought PAP will whack WP on this one in their manifesto. WP say the HDB must peg to meddle income. Ok good suggestion. But PAP has screwed up the market already. So what does WP propose to do with the asset deflation as a result of their proposal? Also if peg to middle income, then HDB price will become a fucking roller coaster every year. How does WP propose to deal with this roller coaster asset appreciation/depreciation every year?
The WP philosophy is that the best chance of being elected into parliament is to give what they think the people want — something resembling the PAP in terms of political vision, but being able to disagree with the PAP on policy issues and debate accordingly. There is evidence of WP doing so just 2 days ago when replying to a question from The Online Citizen on whether the party supported the death penalty,
Mr Singh said the social barometer as far as Singaporeans are concerned is not leaning towards the removal of the death penalty.
So what does the WP really believe in and stand for?
How does one know if elected, they will deliver what they say they would, if they base their ideology not on sound principles but on whatever happens to be the political mood of the day?
This one you are wrong. Ah beng wants the gahmen to ask employers to have singaporean first policy. If you cannot find sinkies then you get ah neh. But to do this, gahmen must have minimum wage, otherwise employer will always say I willing to pay $20 a month but no sinkie wants the job. You can survive on @20 a month?
This is where the contradiction truly surfaces. Minimum wage policy, (designed to prevent worker exploitation) will only benefit those that are at the bottom rung of income earners. This group earns no more than $1,000 per month. Setting minimum wage at say $1,600 for example, would be of benefit, even by a small measure to this group of workers. Do take note that merchants will past the cost of minimum wage directly to Ah Beng in the form of higher goods and services. For the sake of greater income equality, is Ah Beng prepared to pay for the extra cost?
The second point of the minimum wage equation is this. Ah Beng's grouse is in the stiff competition he is facing in the PMET category where he has to compete with Ah Neh and Pinoy. The pay scale in this group is far in excess of minimum wage will stipulate. That Ah Neh market analyst you see on the commodity desk at Morgan Stanley or working as an assistant brand manager at P&G is not working for minimum wage, let me assure you.
Ah beng wants RENTAL decreased so that ah beng no need to subsidise rent collectors by having lower wages. This is a wealth transfer from ah beng to wealthy "investor".
This ties back to the first point. If rental yields are to be controlled and suppressed by govt policy as communist countries do, what happens to the value and as a consequence the price of property? Rental yields are high, because commercial and residential property prices are now fetching premium prices per sq foot in sales.
The govt can introduce cooling measures as they have done, but outright suppression of rent is going to have unintended consequences. Besides how exactly is the govt to directly influence rent? What policy should the govt implement and what about private investors of commercial property? Knock rents down and that HDB mortgagee that is collecting rent on his spare room to help pay of loan is likely going to be on the losing end as well.
PAP can still be gahmen even if we have 20 oppo MP in Parliament. Nothing wrong with that.
The PAP knows this very well. GCT once famously declared, "Singaporeans want both sides of his bread buttered". This exactly why the PAP treat voters with such contempt and resort to outright threats and intimidation. If you want opposition MPs in parliament, throw out the PAP. 20 opposition MPs in parliament does not make any difference to PAP or on the way they govern Singapore. As Sam Leong said, if anything, you will only end up pissing the PAP big time and things will only get a lot worse for Ah Beng.
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