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Chitchat Keppel Corp

ckmpd said:
Good advice. But for the less financially savvy, a quick 8% profit in a few days is not bad
Click to expand...

that's because thanks to the pap there is no capital gains tax in sg, short term or long term.
 
eatshitndie said:
that's because thanks to the pap there is no capital gains tax in sg, short term or long term.
Click to expand...

Yes, the pap didnt tax on capital gains but squeeze poor Singaporeans with water borne Fee, water conservation tax, gst, sanitary appliance fee.

PAP is misguided. PAP taxes the poor to give to the rich. That's why, when Singaporeans wake up, pap will be voted out
 
ckmpd said:
Many investors have sold Keppel Corp because of PetroBas problems. But they forgot that Kep Corp is very diversified. Oil has gone up 5% and now Kep Corp is rising.

Time to buy Kep Corp!

A 10% rise to $6 for Kep Corp is possible
Click to expand...
Kep corp is for now a proxy for crude oil price. Dun think too much.
 
ckmpd said:
Poor Singaporean hawkers toil 16 hr days to make $2k. SMRT CEO earns $3m to make mistakes
Click to expand...

thats cause singaporean hawkers dont understand that return on capital is always greater than return on labour,money is greater than labour.working hard often gets u nowhere since u are competing with thousands of people to see who can work harder.

the law of diminishing returns states that the more workers there are fighting for a limited amount of resources,the lower their returns will be.meanwhile the owners of capital,namely me,gets to enjoy the fruits of their labour for cheap,instead of hiring a worker for $10 an hour previously,i can now hire a worker for $5 an hour or even $2 an hour or 57 cents an hour,and there will always be infinite numbers of workers waiting to take over u,billions of hungry mouths to be fed.as a worker u can only see ur earning power diminish lower and lower over time,while the owners of capital gets richer and richer.....take for example,taxi drivers,now more and more sinkies are getting retrenched and driving taxis,its getting harder and harder for them to make a living,growing number of workers fighting for limited resources,u see tons of empty taxis after midnight,prowling around looking for passengers,sometimes 5 or six empty taxis at a traffic stop.the only solution would be to cut their fares or introduce a fare competition but the outcome will eventually be the same,they will be driving for peanuts.uber taxi is another example,in the beginning takings were huge and earnings were great,but as the driver market grew saturated,the drivers begin to see their hourly wage fall and fall as more and more people sign up for UBER.

ultimately who are the ones who benefit?the shareholders of comfort delgro and uber.
 
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