Hi Fling,
Yes, HK n Japan property are more expensive but their pay is also
higher..For HK, MTR is cheap n they do not have PTC (Public
transport Committee) tat consist of members of SBS Transit, MRT
etc...So there are no consumer or very small consumer voice within
the PTC. Why have gahment recently set the PTC formula for fare
price..in fact, these bus companies, MRT annouces "obscene profits"
after the fare increase, as they claimed tat they are answerable to
shareholders. A public service becomes a "private entity" whose
sole aim is to make profit. What can u say.
Yes, it is also true tat HK, Japan and Shanghai , the MRT are
packed like sardines during peak hours. They even have pple
employed as "pushers" to push pple into the train.
We need critical mass to succeed in this globalised world n certain
types of FTs, not the mediocre engineers, clerks etc tat we often
encountered...this policy need to be finetune...
Singapore is only a small city and it is easy to manage. Imagine,
chinese government official have to "rule" over 21 million pple in
Shanghai, getting the city up n going is much complicated that
Singapore dingy 4 million pple.
I think we should moderate our expectations, China is a "awakened
giant". We are no longer the No.1 in this or tat, tat our gahment
would like us to believe. For years, we have "obscene"
surpluses...remember ex-Minister of Finance, Richard Hu. U can bet
on it tat there are always "surpluses". Every gahment body is a
profit centre, geared for cost recovery...wat do u expect.
Our young are NOT hungry enough...most of our brightest are co-opt
into gahment...look...how Sim Hong Woo do we have...n almost all
the entrepreneurs are circumstancial millionaires....pay our
scholars,S$20k - S$30k a month, n they would nvr make tat kind of
money if they are running a business..so why take the
risk....
Take a bus if u have too...downgrade if u have to...just live
within yr means...dont compare with the Mr Tan or Mr Chan, it will
nvr be the same again. Are there anymore good years....hmmm...maybe
with the casino...
We really do not have any choice..we need the casino to survive n
thrive in this new world order. For now, our aging population is
getting more and the ratio is 8 : 1 ie every 8 working person to
support 1 elderly..but by 2030, it is 4:1.
So just struggle on till yr retirement at 60 or 65. Then gahment
will give u back yr CPF money....Cheers...