Originally posted by Gazelle:
If you want to whin, please whin with some logic because what you
are saying it no just childish, but full of nonsense.
Are you talking about me wanting
to WIN or
about me want to WHINE ? As both do
not seem to make any logical sense when followed by ''what you are saying it no jut
childish, but full of nonsense''.
Slow down with your anxiety to score a jackpot, and speed away like
a real Gazelle, as you are not really capable even to be
one.
a) Casino operation in Singaopore is subject to much higher tax as
compare to the other non-gaming business such as hotel, MICE, and
themepark. IF you are the government looking to pocket more money,
wont you prefer 70% of the IR to be gaming
business?
You are certainly brilliant and I
have no intention to outshine your efforts.
I suppose you have some telepathic ability to believe that LV Sands
and Genting are dumb enough to take in a smaller share of the 70/30
arrangement in order to recover their $10 BILLION and $5 BILLION
respective investments ?
If you are smart enough to believe that they will accept a smaller
30% share, do you not think that one will have to be very concerned
as to the methods that they will employ to recover the invested
amounts within a short lease period ?
In any case, if the 70% were to be swallowed by the SINGAPORE Inc,
how much do you think the larger ordinary Singaporeans will benefit
from it, other than those that happened to be linked directly by
jobs, and indirectly by trade with the IRs ?
With your unflinching support of the Singapore Government, I
suppose you will believe that this Government will reduce GST and
income taxxes, lower education fees, lower health costs, increase
the budget to charity homes to look after the aged and the
infirmed, increase the hopital and medical budget to subsidise the
high costs paid by Singaporeans ?
Judging by the track record of this Singapore Government, all you
have is a fat hope, and the bulk of the additional income will go
into the accounts of GIC and Temasek, as well as to the Private
Accounts of the Cabinet Ministers and Civil Servants with more
higher pay increases.
b) I am not sure if you are aware that both RWS and LV Sand have
recently issue out a few hundred dollar construction projects to
Singapore companies? The Singapore construction industry is booming
and it is already benefiting people form the
industry.
Surely, you must have also the
information as to which foreign companies are engaged to build
these IR facilities at the Marina and on Sentosa ? Unless you are
one of the Singaporean and foreign workers employed on site, or one
of the few Singapore Companies winning some sub-contracts to
participate in the entire work phases - where will the fallout
benefit any other Singaporeans not in the loop of the current pace
of construction activities ?
The catalytic effect of the amount of monies will merely generate a
short term spike in some general economic rumbling in a localised
construction sector; while the banks will be reaping in their
interest rates and bank charges for loans and documents
issued.
The biggest winner - {if you prefer whinner} - will be your Pet
Government sitting back comfortably, while the industries will
harvest - on their behalf - the 7% GST on every single transaction
that goes on repeatedly.
Do you think the other larger group of ordinary Singaporeans - not
involved with the current on-going construction works in both the
IRs - will stand to benefit anything ?
c) RWS and LV Sands has already started the recruitment for
managers and they will start a massive recruitment exercise really
soon. Doesnt Singaporeans benefits from that?
Yes, I suppose you wll believe
that the entire 4,483,000 residents in Singapore (up to June 2006)
will benefit from the employment and construction activities
?
Do you not know that for every single foreign talent employed, he
will very likely bring in two or three more to work with him
?
Singaporeans and PRs will likely be swamped by cheap foreign labor
at the lower levels; while qualified Singaporeans will have to
compete with qualified foreign talents in an unprotected Singapore
employment market that the Singapore Government has refused to
regulate for the benefit of Singaporeans.
You seem to get excited with the micro numbers, but do not have the
capacity to handle the bigger impact from larger digits, is there
some unnatural innate fear to handle those bigger effects from
bigger numbers ?