What is wrong (or not wrong!) with the PAP nowadays?

[AC_Power]

I agree with 3Boys that in terms of managing our economy on a macro level, the PAP government has done a good job.


However, like many have said, voters can only give them the vote of confidence if they really feel that their lives have turned for the better because of their good governance.

Honestly, what PAP needs to do right now, is to improve the housing and transport infrastructures. If they can improve on these 2 areas, i believe they would be able to win back majority of the voters.

[limlim]

3Boys:

Tharman said in a speech some time back, nearly half of garment operating budget comes from investment income. That is a truly staggering figure, an incredible feat of fiscal prudence and foresight and discipline.

Any credit given?

Did he talk about losses by TH? And the Lehman investments by TCs?

Any punishment given?

[limlim]

3Boys:

Where are you pirate, you light the fire and then siam :siam: ....? :mad: :mad:

err.. you expect pirates to stay and babysit after the deed is done meh..? :evil:

[limlim]

pirate:

Then, they had to keep bus fares low to placate commuters, many of whom can jolly well afford higher bus fares. The result is the operators have to suppress the pay of bus drivers. Let bus/mrt fares go up. Then give transport vouchers to those household whose income is less than $x per household member and who do not own a car.

Just some examples. Flame on! :evil:

I would be more willing to pay higher fares IF it is not a private entity but a nationalized entity.

bcoz I can be more sure the money and profit goes into running costs and improving the service and not some :censored: rich pple's pocket.

[limlim]

Why why TCs are collecting ever increasing S&C charges? to pay for development of expensive software and sell cheap to coy like AIM?


To renovate and re-renovate a newly renovated infrastructure with no practical improvement or benefits to residents? And At the same time failure to ensure essential facilities like Lifts are reliable, well maintained and easy to use (no poorly designed hard to press buttons).. smelly environment even from high floors.. what the :censored: is the TCs doing..?

[Nebbermind]

3Boys:

Nebbermind:

In some countries, there are social benefit beyond working years, free education even in uni. Etc the benefits just different


To me, it's money held by the govt on behalf of you.

And who pays for that?

That's why I said it's a different packaging...and return to you in diff forms.

end of the day, whatever % deducted from your pay isn't that dissimilar.

[Nebbermind]

ngl2010:

I agree with 3Boys on this. Otherwise, we have to pay high tax. My question is where do the money from COE and ERP is used for? Can't it be used to subsidize public transport?

How come must subsidize public transport when these coys are having healthy profit and their higher management getting $million pay?

[pirate]

limlim:

I would be more willing to pay higher fares IF it is not a private entity but a nationalized entity.


bcoz I can be more sure the money and profit goes into running costs and improving the service and not some :censored: rich pple's pocket.

Both SMRT and SBSTransit are majority owned by Temasek. Which :censored: rich pple are you referring to?

If the higher fares are meant to pay the bus drivers, how does it go into the rich pple's pocket? Surely there can be ways, from the regulatory and management standpoint, to make sure it does not go into rich pple's pocket? It is up to the transport regulators to set adequate standards. The transport regulators can, for example, set the standard that 90% of bus drivers must be Singaporeans. It can set safety standards that drivers should not be permitted to drive more than x hours a week. For that, voters can and should hold the regulators and ultimately the transport minister accountable, no?

I feel that this thing about nationalization is barking up the wrong tree.

[3Boys]

limlim:

3Boys:

Tharman said in a speech some time back, nearly half of garment operating budget comes from investment income. That is a truly staggering figure, an incredible feat of fiscal prudence and foresight and discipline.

Any credit given?

Did he talk about losses by TH? And the Lehman investments by TCs?

Any punishment given?

Why should there be? If your stock broker makes 10 calls for you, loses money on 3 and makes money on 7, and turns in a good profit overall, do you take him to court for the 3 he got wrong?

The whole concept is warped.

[3Boys]

pirate:

limlim:

I would be more willing to pay higher fares IF it is not a private entity but a nationalized entity.


bcoz I can be more sure the money and profit goes into running costs and improving the service and not some :censored: rich pple's pocket.

Both SMRT and SBSTransit are majority owned by Temasek. Which :censored: rich pple are you referring to?

If the higher fares are meant to pay the bus drivers, how does it go into the rich pple's pocket? Surely there can be ways, from the regulatory and management standpoint, to make sure it does not go into rich pple's pocket? It is up to the transport regulators to set adequate standards. For that, voters can and should hold the regulators and ultimately the transport minister accountable, no?

I feel that this thing about nationalization is barking up the wrong tree.

They'd rather the operations be paid for out of taxpayers pockets than investors pockets.

limlim, what is the first step before people get return on the investment?

Take a guess?

Put your hard earned money down first!

So that SMRT can pay the drivers, pay the electricity bills, the cleaners, with INVESTORS money, which WE as the commuter, make use of. Otherwise, TAXPAYERS pay...

After that, taken the risk, because SMRT can always collapse, you MAY get 4-5% return.......

Such a good deal meh?

You just don't understand.