Originally posted by CannotTahan:
Well, Soul_rage. Investments is risk taking and risk is defined as
loss potential for an appropriate returns. I rather have loss from
legitimate investments from market forces than loss from invisible
and unaccountable reasons such as corruption. Until now, I have
only stated as a matter of fact some developments which I think are
positive because I feel that the postings so far are too
negative.
Since you sound so knowledgeable about Singapore, Let me ask you a
question about Singapore. How does one form capital in Singapore
enough to break out of poverty for a "slave" living in a HDB flat
in Punggol ??
[/b]
nope, I did not ever say I am knowledgeable about Singapore. It
seems like the one whom seemed to think the world of himself is
you, and all your arguments so far sound really
textbook-based.
Don't talk to me about property prices, coz they are basically,
just paper play. Its just like revenues and profits. They are all
on paper. You can be bleeding cash even if you are mightily
profitable, agree?
Again, I pose the few questions that I have asked before, and since
you keep saying we are opposing you like the PAP, then let's start
from here.
1) What achievements have they achieved, that justifies their
pay?
2) What kind of risks do they face that justifies their pay? Again,
you know that in the private sector, high salary comes with high
risks. The sames does not hold for ministers
3) Correct. Investments can make losses. But do you know they are
making a lot of losses? I can even name you the 3 main eggs of
Temasek that earn money. The rest are questionable. Again, making a
billion dollar investment mistake equals being shown out of the
door, coz a highly paid investment manager's job is on the line
when he made a mistake. Does this happen to PAP? I see them still
sitting there happily taking their pay.
Lastly, I have made that example of the public transport, and how I
believe its a good method of distributing wealth to the poor,
better than any of their current schemes now. But instead, all our
govt cares about is money, privatizing a public transport company
is a paradox.
