Singapore gahmen is like inveterate gambler. Keeps on investing in population ponzi scheme. As if we are still a British colony.
Keeps on trying to import more foreigners, especially the E-pass who pay zero levy, on the assumption that they will be so called boost creative industries and have "trickle down economics" to give jobs to Singaporeans when all that is happening is that Singaporeans experience high costs of living because companies who hire these foreigners are actually mostly just corrupted (participate in salary kick back scheme to fake MOM foreigner registrations and also evade corporate income payments) or are super money face and hire foreigners who are mostly just expert conmen, expert at selling overpriced goods and services to unsuspecting locals. E.g. Doctors and lawyers who overcharge whilst providing lousy service / bad advice etc.
Then MOM also opportunistically uses excuse that "Singaporeans shun construction jobs" to turn construction work permits into a money spinning revenue source (Gan Kim Yong achieved high PAP status through this michevious but high gahmen revenue foreigner employment policy rouse): such that it ends up that Singapore costs of living is too high even before GST increase kicks in, since all these work permit levies cost has to be recovered through higher sales prices at the retail end.
In short, PAP is running Singapore like a corporation or a subsidiary of the PAP empire, just like Singapore was run as a colony under the British empire, to pay $$$$ tributes to Great Britain for operating Singapore as an international goods trading hub ('free trade port') vz rentals, usuary and other tax collections and registration /license fees.
Singapore political leaders are far from being statesmen. They are more like a military junta which have usurped democratic elections.
They are more like a bunch of economic rednecks, hooligans and inveterate gamblers (on the 'population ponzi scheme' that is).
Gamblers:
https://youtu(dot)be/chbjc-XDKLw
[youtube]chbjc-XDKLw[/youtube]
========================
Spoiler#1
Spoiler #2:
Keeps on trying to import more foreigners, especially the E-pass who pay zero levy, on the assumption that they will be so called boost creative industries and have "trickle down economics" to give jobs to Singaporeans when all that is happening is that Singaporeans experience high costs of living because companies who hire these foreigners are actually mostly just corrupted (participate in salary kick back scheme to fake MOM foreigner registrations and also evade corporate income payments) or are super money face and hire foreigners who are mostly just expert conmen, expert at selling overpriced goods and services to unsuspecting locals. E.g. Doctors and lawyers who overcharge whilst providing lousy service / bad advice etc.
Then MOM also opportunistically uses excuse that "Singaporeans shun construction jobs" to turn construction work permits into a money spinning revenue source (Gan Kim Yong achieved high PAP status through this michevious but high gahmen revenue foreigner employment policy rouse): such that it ends up that Singapore costs of living is too high even before GST increase kicks in, since all these work permit levies cost has to be recovered through higher sales prices at the retail end.
In short, PAP is running Singapore like a corporation or a subsidiary of the PAP empire, just like Singapore was run as a colony under the British empire, to pay $$$$ tributes to Great Britain for operating Singapore as an international goods trading hub ('free trade port') vz rentals, usuary and other tax collections and registration /license fees.
Singapore political leaders are far from being statesmen. They are more like a military junta which have usurped democratic elections.
They are more like a bunch of economic rednecks, hooligans and inveterate gamblers (on the 'population ponzi scheme' that is).
Gamblers:
https://youtu(dot)be/chbjc-XDKLw
[youtube]chbjc-XDKLw[/youtube]
========================
Spoiler#1
Local PMEs don't have it easy
Published on May 31, 2014 1:22 AM
I REFER to the report ("MPs want more protection, support for local PMEs"; Tuesday)
When I was the general manager of a local IT company and, subsequently, a financial controller for a Dutch multinational corporation, I preferred hiring foreign mid-level staff for the following reasons:
- The company did not need to pay CPF contributions for them;
- Their salary expectations were lower than Singaporeans'; and
- Their skill sets and experiences were on a par with those of Singaporeans.
The total cost differential between local and foreign professionals, managers and executives (PMEs) was 20 to 40 per cent.
An Asian foreign employee with a degree and work experience can easily afford a city apartment and family sedan in his home country if he makes $200,000 during his stint here.
In Singapore, $200,000 would allow a Singaporean with the same qualifications to buy only a three-room HDB flat in outlying regions like Woodlands or Jurong. A family car would set him back by $120,000.
An Asian foreigner's cost of living back home is so much lower than ours. Hence, he is more willing to work for $3,000 to $5,000 a month. But a Singaporean graduate earning $4,000 a month will be trying to keep up with inflation.
It does not make sense that a foreign PME working here has a bright future, while his Singaporean counterparts are struggling with their living expenses, unless they are in strong sectors like banking and health care, where pay is high.
A levy is imposed when one hires a maid, but there is no such tax for hiring foreign PMEs. No wonder foreign PMEs were replacing local ones at an increasing rate until tighter restrictions were imposed last year.
At the moment, the local PME retrenchment rate is still high as employers are hiring foreigners for the cost savings.
Over the medium to long term, this will weaken Singapore's economy as local PMEs will become structurally unemployed as they lose their skills and employability.
Lim Kay Soon
ST: Local PMEs don't have it easy
Published on May 31, 2014 1:22 AM
I REFER to the report ("MPs want more protection, support for local PMEs"; Tuesday)
When I was the general manager of a local IT company and, subsequently, a financial controller for a Dutch multinational corporation, I preferred hiring foreign mid-level staff for the following reasons:
- The company did not need to pay CPF contributions for them;
- Their salary expectations were lower than Singaporeans'; and
- Their skill sets and experiences were on a par with those of Singaporeans.
The total cost differential between local and foreign professionals, managers and executives (PMEs) was 20 to 40 per cent.
An Asian foreign employee with a degree and work experience can easily afford a city apartment and family sedan in his home country if he makes $200,000 during his stint here.
In Singapore, $200,000 would allow a Singaporean with the same qualifications to buy only a three-room HDB flat in outlying regions like Woodlands or Jurong. A family car would set him back by $120,000.
An Asian foreigner's cost of living back home is so much lower than ours. Hence, he is more willing to work for $3,000 to $5,000 a month. But a Singaporean graduate earning $4,000 a month will be trying to keep up with inflation.
It does not make sense that a foreign PME working here has a bright future, while his Singaporean counterparts are struggling with their living expenses, unless they are in strong sectors like banking and health care, where pay is high.
A levy is imposed when one hires a maid, but there is no such tax for hiring foreign PMEs. No wonder foreign PMEs were replacing local ones at an increasing rate until tighter restrictions were imposed last year.
At the moment, the local PME retrenchment rate is still high as employers are hiring foreigners for the cost savings.
Over the medium to long term, this will weaken Singapore's economy as local PMEs will become structurally unemployed as they lose their skills and employability.
Lim Kay Soon
ST: Local PMEs don't have it easy
Spoiler #2:
