1) If GIC/Temasek is considered a business entity, are
Singaporeans not the "shareholders"? Can singaporeans attend
their agm?
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Apparently not!! Which why I wish it is not
operating in a black box.
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2) CPF and medisave is a forced savings apparatus.
CPF/medisave have nothing to do with healthcare costs. Because
while it cannot be seen as disposable assets in the conventional
sense, it is still part of your networth.
Insurance is defined as the equitable transfer of the risk of a
loss, from one entity to another, in exchange for a premium, and
can be thought of as a guaranteed and known small loss to prevent a
large, possibly devastating loss.
An insurance, be it personal insurance or company insurance,
might reduce a person's cost of treatment, but it may not
neccessarily reduce the community's cost of healthcare (gut feel
since insurance companies do usually turn in a profit). It makes it
more affordable, but not neccessarily cheaper as a whole.
Whether the public healthcare sector uses its funds efficiently
is hard to determine. While we can say that equipment/(catch all
variable) is costly, we have no knowledge on their allocated budget
is spent, how are prices determined, is there any markup, etc.
etc.
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True to a certain degree. I am asking for
solution to bringing it down. Well to be fair, all developed
(new or old) have such issues, but what is our approach that will
bring it down?
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3) CPF funds have always been a closely guarded secret.
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Which is why I want to know further. Why is it a
secret if it is the people's money? If I have been entrusted
to safe keep an amount of money, I will be willing to allow the
depositors to check on the balances anytime. IT IS THEIR
MONEY!
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4) Business people are usually not sentimental people. They make
business decisions based on what the partner/place has to offer.
although we can hope that it will raise the prestige of local
universities and establish singapore as a place of academic
excellence
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And what deliverables do we get in the near term when we are
literally donating money to young students and their parents who
are longing to somewhere, like the US or UK, once they get a
chance? Singapore are being suckers for the moment I am
afraid. Forget the empty talk about being an international
centre of academic excellence, we are thought to
be pragmatic Singaporeans, not philantrophists.
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5) Best place to do business comes with a price. An example is
employing workers. If there is an abundance of workers, its easier
to employ them due to competition. If wages is relatively low, its
cheaper to employ them. If the people is saddled with debt, its
easier to employ them etc. etc.
of cos having skilled labour etc. is a plus.
http://www.doingbusiness.org/EconomyRankings/
richness is not defined by assets + liabilities. Richness is
relative. You can only be rich if you have more networth than the
majority of the population.
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I am noy refering to spiritual, emotional, social riches,
or relative riches. I am refering to COLD HARD ASSET/ CASH
riches.
Do you have questions to pose AHBEO? I appreciate
your information, but I am trying to get from fellow Singaporeans,
what worry them, are they happy with the government. And of
course, if my approach is wrong, please enlighten me.
Sincerely.
