We have stated earlier that the silly SERS is another exercise to extract economic rent from older peasants and ramp up their 'personal consumption'. Let us explain further.
Old peasants who have paid up their lease loans are known as 'unexploited assets' to the regime. As we know, many stupid peasants are forced to take up huge ruinous but affordable loans to repay their pigeonhole tenant lease loans. Going at 2.6% (Housing Mafia) or higher (commercial banks), most peasants will pay $100,000 additional due to interests. Housing Mafia or banks gleefully pocket the additional $100,000 for each peasant's lease loan. This is good money.
Hence the regime decides to increase its revenue flow and the best way is to SERS old peasants. By doing that, old peasants are forced to sign up new loans for various items, renovations, stamp duties and contribute to the regime's coffers.
Lackey Fong is indeed a lackey. He saw Half Breed Viv and Bargain Hen getting promotion after forcing school children to stand under hot sun or rains to curry favour with YOG delegates. Therefore he has decided to collaborate with Housing Mafia to bully old peasants and force them to service huge loans with the regime pocketing the interest income.
Lackey Arthur Fong is indeed heartless as we note he belongs to the same group that kowtow to a foreign desert deity during Sundays.......
Old peasants who have paid up their lease loans are known as 'unexploited assets' to the regime. As we know, many stupid peasants are forced to take up huge ruinous but affordable loans to repay their pigeonhole tenant lease loans. Going at 2.6% (Housing Mafia) or higher (commercial banks), most peasants will pay $100,000 additional due to interests. Housing Mafia or banks gleefully pocket the additional $100,000 for each peasant's lease loan. This is good money.
Hence the regime decides to increase its revenue flow and the best way is to SERS old peasants. By doing that, old peasants are forced to sign up new loans for various items, renovations, stamp duties and contribute to the regime's coffers.
Lackey Fong is indeed a lackey. He saw Half Breed Viv and Bargain Hen getting promotion after forcing school children to stand under hot sun or rains to curry favour with YOG delegates. Therefore he has decided to collaborate with Housing Mafia to bully old peasants and force them to service huge loans with the regime pocketing the interest income.
Lackey Arthur Fong is indeed heartless as we note he belongs to the same group that kowtow to a foreign desert deity during Sundays.......
