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General Election 2015 - 11 Sep 2015


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93.8 just report LTY announced public transport fares will reduce by 1.9% end of the year but few days ago ST report SMRT profit down by 10%. Wow! every year election good ah. Haha

 

Another goodie :)

So what is 1.9% reduction? in terms of $?

 

Anyway, why can't we have election every year then? I don't mind going down to spend 15 min just to put a X, and then gather goodies along the way :)

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Tonite Opposition parties meeting up to discuss on how to avoiding 3 corner fight.

Hope they can work out somethings. Show to your supporter opposition indeed are serious and willing to sacrifice their personal agenda for the benefit of singapore politics.

Edited by Kopites
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Hypersonic

 

Another goodie :)

So what is 1.9% reduction? in terms of $?

 

Anyway, why can't we have election every year then? I don't mind going down to spend 15 min just to put a X, and then gather goodies along the way :)

 

I think you haven't read what he said clearly.

 

1) Reduction is only year end

2) Max 1.9% but not all throughout all fares. Maybe some you get only -0.1%...

 

They will not reveal until after GE so that everyone will keep to heart the 1.9%. Don't put your hopes too high.

 

In any case, to put it into perspective...

 

$1 at most is $0.02 so.... count your savings while you can.

Edited by Vid
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World's best civil service bonus?!...19 MONTHS BONUS!

 

You draw your own conclusion about the influx of FT part.

 

-------------

 

 

The PAP exhorts citizens to be self reliant but when it comes to money, PAP has been relying on tonnes of tax dollars for their remuneration. This is legal because Parliament comprises 90% PAP MPs.

 

Although political salaries have been reduced since 2011, it is still obscene by any standard considering they were ramped up in previous years.

 

The current formula continues to peg political salaries to top earners with a reduced weightage on GDP ie 100% to 25%. This is wrong for obvious reasons:

 

1 Politicians and top civil servants will be focused on ramping up GDP figures for self interest.

2 Unsound policies will be implemented we have experienced the ill effects of an insane immigration policy with policies favouring foreigners over locals and contributing to the skyrocketing cost of living.

 

In the private sector, CEOs and employees pay the ultimate price of being removed by their shareholders or retrenched when the company fails to perform. But when the PAP repeatedly fails, shareholders have ZERO say because the board of directors, who are all from the PAP, override shareholders.

 

The GDP cannot go up forever and our GDP has been artificially inflated through the increase in land/property prices by increasing the population. Shouldnt there be a negative GDP bonus when the GDP falls?

 

 

 

Tradingeconomics

 

On hindsight, it appears the PAP had already decided to increase the population, knowing full well that GDP would shoot up. That was the reason for having a GDP bonus of up to 8 months for GDP growth of between 2 to 10% (pt 76). On top of this, there was a performance bonus of up to 14 months, AVC of up to 1.5 months, 1-month Special Allowance month and 2-month Public Service Leadership Allowance making it a maximum total bonus of 26.5 months.

 

The PAP and civil service were only interested in milking more tax dollars using PAPs salary formula by ramping up GDP figures.

 

Double standard

 

Instead of eliminating the GDP Bonus in the 2011 ministerial pay review, the PAP replaces it with a National Bonus which still includes the GDP performance reduced to 25%.

 

The maximum bonus excluding the SVP adds up to 13.5 months. At $120,000 and $59,760 per month for the PM and ministers respectively, why are they entitled up to a 13.5 month bonus? Are they expected to performed poorly despite a high fixed pay and receive outsized bonuses because they perform better than expectations of poor performance?

 

Since the PAP has always blamed external factors when the economy tanks, isnt it only logical that when the economy performs exceptionally well, it is also due to external factors?

Why is the maximum public sector bonus more than triple the average bonus in the private sector?

Since EVERYONE (including all menial workers) has a part in helping the economy grow, why are rank and file employees paid close to nothing excluding the 13th month pay?

 

The PAP has therefore been the biggest culprit contributing to the widening income gap.

 

PAPs greed cannot be more evident in 2008.

 

 

 

1 Excluding the 13th month pay, the President received a total bonus of 19 months. ($3,870,000 divide by $119,520 = 32.4) Only the financial sector offers such high bonuses because of the high risks involved. Will our current president receive such a high bonus for shaking hands in an insincere manner, similar to the previous one who did not know how many times our reserves were used?

 

2 As for PM Lee, his total salary amounted to 32.4 times of his monthly salary. (3,760,000 divide by 115,920 = 32.43) The responsibilities of a president pales in significance to those of a PM but both received the same bonus! What were PM Lees achievements to deserve a 19-month bonus?

 

3 Ministers and Senior Perm Secs (Grade MR4) received 32.46 times their monthly salary. ($1,940,000 divide by $59,760) Why are ministers and permanent secretaries paid a 19-month bonus when they:

had forgotten to increase the number of hospital beds despite the population having increased by almost 1 million?

underbuilt public housing and caused property prices to spiral out of control?

failed to address the issue of overcrowding and negligible maintenance in our MRT system?

 

Why did our system reward failures of such a magnitude? Isnt it a coincidence all received a 19-month bonus?

 

Good times or bad, high pay the norm

 

DJIA

 

 

After the government announced the salary adjustment in December 2007, ministers salary continued to be in the millions until 2011 despite an unprecedented global financial crisis. Politicians were receiving record bonuses as if there was no crisis at all.

 

We know this from Perm Sec Tan Yong Soons $46,000 5-week cooking classes in France. And why not when he still had another 18 month bonus left. (Perm Sec 1-month bonus = $59,760)

 

Salaries were unchanged until the 2011 watershed election when citizens sent a clear message to the PAP that enough is enough.

 

Table showing salary adjustments only in 2011.

 

 

In 2010, assuming the base salary was unchanged, the PM had still received a bonus of 13.5 months while businesses were folding and millions of jobs were lost worldwide. ($3,072,200 divide by $115,920) Again, ministers were also receiving about 13.5 month bonus when citizens had been facing extremely challenging employment conditions.

 

This has been accurately described as unconscionable.

 

Conclusion

 

PAP needs to scrape the bottom of the barrel to attract potential candidates because it has allowed greed to run amok. High remuneration attracts politicians and civil servants (policymakers and key management) who will only implement policies which generate short term benefits for themselves, such as, increasing the population through immigration and increasing the number of foreign workers to generate economic growth.

 

That ministers and permanent secretaries somehow forgot and required feedback to increase housing, healthcare facilities, etc is confirmation of a system that is rotten to the core. Instead of addressing the issue of accountability, almost all the failures have remained in positions of influence and continue to be rewarded.

 

As the government, the PAP is the biggest culprit contributing to the widening income gap.

 

For decades, the PAP has been promoting greed and only citizens can make the PAP come to its senses. If not removed, greed will ultimately cause the downfall of Singapore.

Edited by Skymax
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1.9% reduction announced before election. 5% increase ++ claw back after election.

 

This desperate attempt at vote buying is so sad and pathetic.[shakehead]

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They will soon argue that if no bonus hor, we would end up like Boleh land suddenly got 700m "donations"....

 

yes, that is always the fear factor tactic since LKY time ...

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1.9% reduction announced before election. 5% increase ++ claw back after election.

 

This desperate attempt at vote buying is so sad and pathetic.[shakehead]

Yup! Its called 10% gst.

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Case by case, I do believe in politicians.

Example: Harban Singh was real opposition. He did opposed against the ruling party only. But thats not the type we need or want for non-ruling party/candidate.

 

while we're on the topic, do you think Desmond Lim is real?

 

my personal opinion is that Desmond Lim is sponsored, while KJ genuinely doesn't have situational awareness.

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But KJ is a financial expert and savvy on the balance sheet of Singapore that he had gone to court on our funding to IMF. He queries on the many disappearing funds that are lost and not audited once out of our government balance sheet.

 

Desmond, CMI.

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Turbocharged

We need foreign workers because foreigner workers are doing jobs that Singaporeans do not want to do.

 

We don't need foreign talents because these are the jobs that Singaporeans want.

 

How come the politicians just couldn't get it right?

Ur sound like WP talking. Haha.

During d last GE, WP rallies talked on foreign workers depriving Sporean of valuable jobs. So, in one of d parliament debate, d ruling party questioned WP whether they are against govt policy on foreign workers. So, LTK replied that WP was not against govt allowing foreign workers. In fact they support employing of foreign workers for those jobs that Spore does not want, ie. construction industries, cleaners, general workers etc but not those jobs that Sporean want. In short foreign talent. Till today, ruling party still haven't learn. Look like this GE hot topic is FT again.

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Is NSP the unofficial tiko party? After the departure of emotional wreck Nicole, now come new chio bu Kevryn Lim...

 

kevryn-lim-data.jpg

 

 

 

Dunno chut what pattern this time.

 

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Turbocharged

 

sibei sian

 

found out that Hui Ge will be contesting in my yishun slum

Think his party ask him don't talk so much. Once he open his mouth, something NG going to happen for ruling party. Remember d last HG bi-election, he n ano high rank minister, bad mouth YSL & WP. Yet, ppl support Png. So when d same thing happen to Palmer in Punggol, he chui tak lang. Even tat reporter hounding YSL also no pic no sound. But Hui Ge will still talk cos leopard never change its spot. Haha

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Is NSP the unofficial tiko party? After the departure of emotional wreck Nicole, now come new chio bu Kevryn Lim...

 

kevryn-lim-data.jpg

 

 

 

Dunno chut what pattern this time.

 

Chio bu meh? NSP will lose the female vote if she continues to parade around like that. Very inappropriate. She lost my vote and I am not even female.

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