Interview with LeongSzeHian - must see!

[makapaaa]

http://www.youtube.com/watch?v=pKWO2noG_z8&feature=player_embedded

http://www.youtube.com/watch?v=_gGOBL4c9js&feature=player_embedded

 

[jw5]

His chicken rice subsidy is relevant and easy to understand.
Cost is $2.
Selling price is $3.
Food court price is $5.
"Market price subsidy" is $2 and they keep harping on the fact that the chicken rice is being sold at a "subsidy".
If you question them further, they will tell you finally that you are lucky you are not being sold the chicken rice at $4 or even $5.
The question for them is whether they understand the purpose of government.
The question for those singaporeans who keep supporting them is whether they understand and accept this. The ball is in their court.

 

[Queen Seok Duk]

His chicken rice subsidy is relevant and easy to understand.
Cost is $2.
Selling price is $3.
Food court price is $5.
"Market price subsidy" is $2 and they keep harping on the fact that the chicken rice is being sold at a "subsidy".

I don't understand the above illustration.

Did he establish the selling price first or the market price first ?

Isn't the market price that determines the selling price ? That is to say they could have sold you at the market price, but because they're good government they sell it to you below market price.

 

[kingrant]

Right to check the cash flow in the HDB financial statement. If they really subsidise $2 then their profit of $1 will become only $(3-2-2) a loss of $1.

His chicken rice subsidy is relevant and easy to understand.
Cost is $2.
Selling price is $3.
Food court price is $5.
"Market price subsidy" is $2 and they keep harping on the fact that the chicken rice is being sold at a "subsidy".
If you question them further, they will tell you finally that you are lucky you are not being sold the chicken rice at $4 or even $5.
The question for them is whether they understand the purpose of government.
The question for those singaporeans who keep supporting them is whether they understand and accept this. The ball is in their court.