Saturday, April 4, 2009

'Bonus' is not a dirty word. 'Welfare' is.

'Bonus' is not a dirty word. 'Welfare' is.

I agree with our PAP minister Lim Boon Heng that we should be more sympathetic to millionaire CEOs than low income families. Why? These rich CEOs are a victim of circumstances while the poor are just lazy.

Take the case of CapitaLand CEO Liew Mun Leong who received a 20 million dollar bonus. It is not his fault that the company made so much money in 2007 during a speculative bubble; he was not responsible for the housing boom. It was just his luck that he was at the right place at the right time. It is also not his fault that the board of directors decided to reward him the bonus. Mr Liew was a victim of circumstances and he had no choice but to take the bonus. The poor thing, it is not really his fault. Why should we begrudge him for striking the lottery? After all, CapitaLand is a public listed company not owned by Singaporeans. It is for the directors and their biggest majority shareholder (Temasek Holdings) to decide but not us. Now, with the property market collasping and profits declining, Liew Mun Leong is powerless to do anything. It is due to external economic conditions so he shouldn't be denied his bonus. If that excuse works for our PAP MPs, it should also work for him.

Now let us look at the ungrateful leeches on 'welfare'. Our Government is already very generous to provide $330 a month to the poor. $330 is more than enough to live comfortably in Singapore. These are not Skeptic's thoughts but those of the highly educated Dr Vivian Balakrishnan (see link). He is a doctor so of course he knows the true cost of living in Singapore better than you or me. In fact, Skeptic thinks that $330 is too much and some PAP MPs would agree with Skeptic too. Otherwise, why would they spend more time arguing (about increasing it from $290 a month) than they do about their own pay increase?

Skeptic wishes that these 'welfare leeches' should quit asking for hand-outs and start working. Singapore is a land full of opportunities and they should have no problem making $700 a month cleaning toilets. This pay is very generous and more than what most people make doing the same thing in NS!

Singapore is a very unique country and foreigners do not understand the Singapore way of doing things. In Singapore, we increase our GST to help the poor. In Singapore, we think that extreme 'corporate bonus' is a good thing but 'welfare' is a dirty word. In Singapore, the people serve the Government and not the other way around. In Singapore, the old serve the young at McDonalds.

A foreigner visiting Singapore may think that everything here is upside down; like a horse riding a man! But why should we listen to them? We should listen to our intelligent PAP minister instead! Thankfully, we are more docile than the Americans!

http://forums.delphiforums.com/sunkopitiam/messages?msg=25981.6

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