Income inequality just mean Rich r overpaid and U r underpaid. Rite?

[enterprise2]

Income inequality has a nice gentle ring about it. But the stark reality is a lot of the high wage earners (esp our ministars) r getting way too much salary and the rest of us are getting too little. All of us work hard, put in a honest day's work but why should a high wage earner earn 10X to 50X or even to 100X your salary??? Is he worth that much?? Or r u worth that little?? Think about it. At most the differential should not be more than 10X based on ability...Nobody is 10X stronger or smarter than an average Joe.

 

[Leongsam]

Income inequality has a nice gentle ring about it. But the stark reality is a lot of the high wage earners (esp our ministars) r getting way too much salary and the rest of us are getting too little. All of us work hard, put in a honest day's work but why should a high wage earner earn 10X to 50X or even to 100X your salary??? Is he worth that much?? Or r u worth that little?? Think about it. At most the differential should not be more than 10X based on ability...Nobody is 10X stronger or smarter than an average Joe.

It has nothing to do with ability. It's the law of supply and demand at work.

Why is gold USD1000 per ounce while you can easily pick up an ounce of iron FOC at any scrapyard.

The answer lies in the fact that iron is plentiful while gold is scarce.

If it was priced based on the properties of iron vs gold, the latter would be 10 times the price at most.

 

[enterprise2]

It has nothing to do with ability. It's the law of supply and demand at work.

Why is gold USD1000 per ounce while you can easily pick up an ounce of iron FOC at any scrapyard.

The answer lies in the fact that iron is plentiful while gold is scarce.

If it was priced based on the properties of iron vs gold, the latter would be 10 times the price at most.

Yes u r rite, it's demand vs supply. But u can influence factors of demand and supply. For eg u can restrict or flood market with FTs to influence price. Sometimes it's irrational decision making by decision makers that ends up with crazy wages for say bankers and lawyers!!

 

[jw5]

Income inequality has a nice gentle ring about it. But the stark reality is a lot of the high wage earners (esp our ministars) r getting way too much salary and the rest of us are getting too little. All of us work hard, put in a honest day's work but why should a high wage earner earn 10X to 50X or even to 100X your salary??? Is he worth that much?? Or r u worth that little?? Think about it. At most the differential should not be more than 10X based on ability...Nobody is 10X stronger or smarter than an average Joe.

That's income inequity, which is the actual real problem, and not income inequality.

If the scientist comes up with an earth shattering discovery every month which benefits all mankind, nobody will begrudge him getting 100X salary more than the testube washers.

Problem is that in the case of overpaid SG clowns, some of them are contributing even less than the testube washers and toilet cleaners.
Stating the obvious and making condescending motherhood statements don't count as contribution.

 

[Leongsam]

That's income inequity, which is the actual real problem, and not income inequality.

If the scientist comes up with an earth shattering discovery every month which benefits all mankind, nobody will begrudge him getting 100X salary more than the testube washers.

Problem is that in the case of overpaid SG clowns, some of them are contributing even less than the testube washers and toilet cleaners.
Stating the obvious and making condescending motherhood statements don't count as contribution.

They may be paid $2 million a year but their astute management of the country means that the economy as a whole benefits to the tune of BILLIONS thanks to them. They are therefore worth every penny and more.

You hire a CEO for $200,000 a year and he bankrupts the company and that's $200,000 down the drain.

On the other hand, pay a CEO $ 5 million a year and he quadruples the share value then he's well worth the investment.

The Singapore cabinet is a bargain considering how they outperform 99% of the countries on this earth.

 

[jw5]

They may be paid $2 million a year but their astute management of the country means that the economy as a whole benefits to the tune of BILLIONS thanks to them. They are therefore worth every penny and more.

You hire a CEO for $200,000 a year and he bankrupts the company and that's $200,000 down the drain.

On the other hand, pay a CEO $ 5 million a year and he quadruples the share value then he's well worth the investment.

The Singapore cabinet is a bargain considering how they outperform 99% of the countries on this earth.

Yawnnnnnnnn.................................... :p

 

[Leongsam]

Yawnnnnnnnn.................................... :p

You're yawning because there is nothing that can dispute my sound logic. When it comes to finances, ROI is always for more important than the initial outlay. Bargain Hen didn't get that nickname for nothing. Besides he's an ACSian and all ACSians are worth their weight in gold.

 

[jw5]

You're yawning because there is nothing that can dispute my sound logic. When it comes to finances, ROI is always for more important than the initial outlay. Bargain Hen didn't get that nickname for nothing. Besides he's an ACSian and all ACSians are worth their weight in gold.

The best is yet to be! :p

 

[enterprise2]

They may be paid $2 million a year but their astute management of the country means that the economy as a whole benefits to the tune of BILLIONS thanks to them. They are therefore worth every penny and more.

You hire a CEO for $200,000 a year and he bankrupts the company and that's $200,000 down the drain.

On the other hand, pay a CEO $ 5 million a year and he quadruples the share value then he's well worth the investment.

The Singapore cabinet is a bargain considering how they outperform 99% of the countries on this earth.

2 words to blow your logic out of the water - Ho Ching!!

 

[Leongsam]

2 words to blow your logic out of the water - Ho Ching!!

She's a shining star in the portfolio management world.

http://www.temasek.com.sg/investorrelations/portfolioperformance

 

[halsey02]

It has nothing to do with ability. It's the law of supply and demand at work.

Why is gold USD1000 per ounce while you can easily pick up an ounce of iron FOC at any scrapyard.

The answer lies in the fact that iron is plentiful while gold is scarce.

If it was priced based on the properties of iron vs gold, the latter would be 10 times the price at most.

Gold has its intrinsic value...whereas Iron, though plentiful, is of a common value & commodity....

 

[halsey02]

She's a shining star in the portfolio management world.

http://www.temasek.com.sg/investorrelations/portfolioperformance

You are insulting all our intelligence...!!

 

[chonburifc]

Leongsam just quoting out of context lah.

 

[blissquek]

You're yawning because there is nothing that can dispute my sound logic. When it comes to finances, ROI is always for more important than the initial outlay. Bargain Hen didn't get that nickname for nothing. Besides he's an ACSian and all ACSians are worth their weight in gold.

....All ACSians... worth their weight in GOLD ?? ....including Adrain Lim.,the Ritual killer in Toa Payoh....

 

[andrewteo]

She's a shining star in the portfolio management world.

http://www.temasek.com.sg/investorrelations/portfolioperformance

What have you been smoking lately in NZ ... Can share?

 

[chonburifc]

Heard got one shit skin smoke shit in iran.