PM Lee said S'poreans MUST do their best to help the poor

[Leongsam]

I agree these happens..however, their wealths are mostly gained by the expense of the "poorer" people. Therefore I find that they should return some back .
Just like MLM, the sufferers are the ones at the bottoms..in actual fact considered being conned.

I don't agree.

I give you a concrete example : Boyd Au - the founder of Enzer. You can read about him here http://www.nextinsight.net/index.ph...-founder-boyd-au-exits-to-serve-a-higher-goal

We worked together many years ago. He was more ambitious than I was and when he saw an opportunity created by a very wealthy Indonesian businessman, he grabbed it with both hands and Enzer was born.

He went on to hire many of those whom I knew to work for him. They had been working in American MNCs earning $1500 to $2000 per month. Boyd paid them 50% more to work for him plus offered them profit sharing bonuses. Techs became engineers and then managers and the capable ones went on to earn 5 to 10 times what they were earning previously.

So thanks to one rich Indonesian and one ambitious Singaporean, many more Singaporeans increased their wealth and with greater wealth came more opportunities to make money.

I can't for the life of me see how any Singaporean became poorer as a result. Wealth is not a zero sum game. No Singaporean lost a dollar for every dollar that Boyd Au gained.

I do agree that many Indonesians were denied an opportunity to gain wealth because the rich Indonesian chose to invest in Singapore instead of at home but that's what the game is all about. The more wealthy foreigners Singapore attracts, the better it is for the country and its citizens.

 

[escher]

I don't agree.

I give you a concrete example : Boyd Au - the founder of Enzer. You can read about him here http://www.nextinsight.net/index.ph...-founder-boyd-au-exits-to-serve-a-higher-goal

We worked together many years ago. He was more ambitious than I was and when he saw an opportunity created by a very wealthy Indonesian businessman, he grabbed it with both hands and Enzer was born.

He went on to hire many of those whom I knew to work for him. They had been working in American MNCs earning $1500 to $2000 per month. Boyd paid them 50% more to work for him plus offered them profit sharing bonuses. Techs became engineers and then managers and the capable ones went on to earn 5 to 10 times what they were earning previously.

So thanks to one rich Indonesian and one ambitious Singaporean, many more Singaporeans increased their wealth and with greater wealth came more opportunities to make money.

I can't for the life of me see how any Singaporean became poorer as a result. Wealth is not a zero sum game. No Singaporean lost a dollar for every dollar that Boyd Au gained.

I do agree that many Indonesians were denied an opportunity to gain wealth because the rich Indonesian chose to invest in Singapore instead of at home but that's what the game is all about. The more wealthy foreigners Singapore attracts, the better it is for the country and its citizens.

All your mealy mouthing of little quibbits do not mask one simple thing.

Stinkapore sovereign fund under smear of shit on sole of shoe LKY contains 500? 600? 700??? BILLIONS of our fucking money sucked and fucked from sinkies towards PAP and his fucking dogs and kangaroos.

Your 1 fucking billion back as whitewash to sinkies to buy first flat is nothing but a fucking joke against that 500??? 600??? 700??? billions

If those 500??? 600??? 700??? billions were not taken from us in the first place, there will not be that many poor and starving sinkies.

TAKE OFF YOUR FUCKING ROSE TINTED GLASSES.
UNLESS YOU ARE PAID BY THAT BASTARD LKY AND PAP DOGS

IN WHICH CASE I CAN ONLY TELL YOU TO STICK YOUR FUCKING HEAD INTO THE TOILET BOWL WITH ALL OTHER PAP RUNNING DOGS

 

[chootchiew]

I don't agree.

I give you a concrete example : Boyd Au - the founder of Enzer. You can read about him here http://www.nextinsight.net/index.ph...-founder-boyd-au-exits-to-serve-a-higher-goal

We worked together many years ago. He was more ambitious than I was and when he saw an opportunity created by a very wealthy Indonesian businessman, he grabbed it with both hands and Enzer was born.

He went on to hire many of those whom I knew to work for him. They had been working in American MNCs earning $1500 to $2000 per month. Boyd paid them 50% more to work for him plus offered them profit sharing bonuses. Techs became engineers and then managers and the capable ones went on to earn 5 to 10 times what they were earning previously.

So thanks to one rich Indonesian and one ambitious Singaporean, many more Singaporeans increased their wealth and with greater wealth came more opportunities to make money.

I can't for the life of me see how any Singaporean became poorer as a result. Wealth is not a zero sum game. No Singaporean lost a dollar for every dollar that Boyd Au gained.

I do agree that many Indonesians were denied an opportunity to gain wealth because the rich Indonesian chose to invest in Singapore instead of at home but that's what the game is all about. The more wealthy foreigners Singapore attracts, the better it is for the country and its citizens.

Well, all I can say is how many Boyd type of person can we find in these days. The MNCs I went for interview nowadays is asking for -50% in $ instead of +50%. :/

 

[Leongsam]

Stinkapore sovereign fund under smear of shit on sole of shoe LKY contains 500? 600? 700??? BILLIONS of our fucking money sucked and fucked from sinkies towards PAP and his fucking dogs and kangaroos.

Without the funds from such institutions, where do you think companies like SIA and NOL and many other successful GLCs would get their funds in order to play the game at international level?

These GLCs create wealth for the whole country not just the PAP members. When SIA went public in the 80s, SIA staff pretty much bought every single new Honda Accord that was available. Kah Motors couldn't keep up with the demand.

My friends who worked in SIA and SATs all retired early thanks to their share options. Many went on to start their own little enterprises which again created wealth for shareholders and income for staff.

SIA generates annual revenue of close to 15 billion dollars and employs 22,000 people at all levels. Without the sovereign funds, SIA would not exist as we know it.

Same applies to NOL, Singapore technologies etc. They all need funding and if they had to borrow on the international market, they'd never have been able to play the long term game.

 

[Leongsam]

Well, all I can say is how many Boyd type of person can we find in these days. The MNCs I went for interview nowadays is asking for -50% in $ instead of +50%. :/

Entrepreneurs don't just disappear from the population. They're out there. The formulas for success may have changed along with the technology but the foundations for wealth creation will always remain the same.

One of the biggest advantages nowadays is the fact that potential markets are so much larger and the opportunities are therefore that much greater. For example, without having to invent anything, it is possible to set up a profitable enterprise doing nothing more than reselling products and services of the giants.. eg Yahoo, Bing, Baidu etc. A son of one my former colleagues has done very well in this area and now employs 10 Singaporeans and the company has a turnover of more than $2 million per year. This is what wealth creation is all about.

http://advertise.bingads.microsoft.com/en-us/channelpartners

 

[I_Hate_Pappies]

Nobody, myself included, have ever said that invalids should not be taken care of.

However, 99% of the poor are not invalids. They're just lazy, useless, good-for-nothing twits without a work ethic. They don't need help. They need a kick in the arse and some spurs stuck in their hides in order to turn them into productive citizens.

Don't have 99% so much lah. :oIo: A minority percentage out of the lot. There are many who are really striving hard without relying or asking for handouts.

 

[I_Hate_Pappies]

Well, all I can say is how many Boyd type of person can we find in these days. The MNCs I went for interview nowadays is asking for -50% in $ instead of +50%. :/

Entrepreneurs don't just disappear from the population. They're out there. The formulas for success may have changed along with the technology but the foundations for wealth creation will always remain the same.

One of the biggest advantages nowadays is the fact that potential markets are so much larger and the opportunities are therefore that much greater. For example, without having to invent anything, it is possible to set up a profitable enterprise doing nothing more than reselling products and services of the giants.. eg Yahoo, Bing, Baidu etc. A son of one my former colleagues has done very well in this area and now employs 10 Singaporeans and the company has a turnover of more than $2 million per year. This is what wealth creation is all about.

http://advertise.bingads.microsoft.com/en-us/channelpartners

CC not talking about Boyd as an entrepreneur but his generosity of paying good money. Being an entrepreneur does not mean one is willing to pay good more to his employees. Funny thing you mentioned, markets got bigger and therefore greater opportunities but pay remains stagnant. Weird equation but it is true.

 

[Leongsam]

CC not talking about Boyd as an entrepreneur but his generosity of paying good money. Being an entrepreneur does not mean one is willing to pay good more to his employees. Funny thing you mentioned, markets got bigger and therefore greater opportunities but pay remains stagnant. Weird equation but it is true.

Even if Boyd was not willing to pay good money, the fact he got rich because of the investments of someone who is even richer shows that wealth has a positive effect on those who are willing to take the plunge and work hard. Boyd was not the only entrepreneur that the rich Indonesian invested in. There were at least 6 other companies that I know of that benefited from his seed capital.

If the presence of one billionaire in Singapore creates 10 Singaporean millionaires, I don't see how anyone can view the presence of the wealthy as a bad thing.

I have never recommended receiving "pay" as a method of becoming wealthy. Pay goes up and down with supply and demand. However, the huge number of opportunities that present themselves nowadays means that many more of us can earn lots of money by providing a product or service directly to the market rather than to wait for a measly pay cheque every month.

My formula has always been simple. If you can sell a $9.95 product to 30 people a day, that's $9000 per month in revenue.

 

[I_Hate_Pappies]

Even if Boyd was not willing to pay good money.......

Good money aside, how about "reasonable money"? No, pay are determined by market demands. SG is flooded with cheap supply.
This is the current situation face by local employees. Creation of wealth is from product and service innovation or "exploitation" of workers?
That's the question. Of course by paying good money doesn't mean you will get good talents. Look at our cabinet.

 

[chootchiew]

Good money aside, how about "reasonable money"? No, pay are determined by market demands. SG is flooded with cheap supply.
This is the current situation face by local employees. Creation of wealth is from product and service innovation or "exploitation" of workers?
That's the question. Of course by paying good money doesn't mean you will get good talents. Look at our cabinet.

Thanks IHP for saying out my heart thoughts. I beginning to like your bit offendable avatar

 

[Leongsam]

Good money aside, how about "reasonable money"? No, pay are determined by market demands. SG is flooded with cheap supply.
This is the current situation face by local employees. Creation of wealth is from product and service innovation or "exploitation" of workers?
That's the question. Of course by paying good money doesn't mean you will get good talents. Look at our cabinet.

It's far better to keep wages as low as possible..

Sinkies should then concentrate on wealth creation and use the cheap sources of foreign labour to maximise profits.

 

[singham]

boss, i met boyd few months ago. acquaintance, gut feeling, he is like jack neo, dun know why but a nice guy. little did you know that he had a photo of him with LKY. and he is very active in grassroots activities, that speak volume of why he is so successful. although he said that it was god's will which help him sold his company off before the lehman bros crash, i believed that someone probably tip him off. selling a company that he built from scratch and worth so many millions and the decision to sell it is quite unimaginable, and it is so coincident that he manage to sell just before the crash.

I don't agree.
I give you a concrete example : Boyd Au - the founder of Enzer. You can read about him here http://www.nextinsight.net/index.ph...-founder-boyd-au-exits-to-serve-a-higher-goal

 

[I_Hate_Pappies]

It's far better to keep wages as low as possible..

Sinkies should then concentrate on wealth creation and use the cheap sources of foreign labour to maximise profits.

Sinkies do need to wake their fucking idea. First of all VOTE THE PAPPIES OUT!

 

[Leongsam]

Sinkies do need to wake their fucking idea. First of all VOTE THE PAPPIES OUT!

Vote the PAP out and wages will drop even further for everyone.

 

[I_Hate_Pappies]

Vote the PAP out and wages will drop even further for everyone.

That will make Sinkies more motivated to concentrate on wealth creation and use the cheap sources of foreign labour to maximise profits.

 

[Leongsam]

That will make Sinkies more motivated to concentrate on wealth creation and use the cheap sources of foreign labour to maximise profits.

You can't say I don't help turn dreams into reality :

http://www.asialivetech.com/

Punters always lose over the long term but the house always wins.

 

[I_Hate_Pappies]

You can't say I don't help turn dreams into reality :

http://www.asialivetech.com/

Punters always lose over the long term but the house always wins.

Wow! More advertisement opportunities in SBF! Win Win Situation.

 

[Leongsam]

Wow! More advertisement opportunities in SBF! Win Win Situation.

Advertising aside, the fact remains that the internet gives ANYONE the opportunity to make money and the sky is the limit.

Instead of placing bets over the net or paying $100 to lose more money, why don't sinkies try their hand at taking bets instead? Your opinion regarding casinos will change overnight. You'll soon be cursing LKY for not allowing casinos twenty years earlier.

 

[sleaguepunter]

You can't say I don't help turn dreams into reality :

http://www.asialivetech.com/

Punters always lose over the long term but the house always wins.

ppl who do this type of biz offsprings no karcheng hole type.

worse than drug pusher.

 

[I_Hate_Pappies]

Advertising aside, the fact remains that the internet gives ANYONE the opportunity to make money and the sky is the limit.

Instead of placing bets over the net or paying $100 to lose more money, why don't sinkies try their hand at taking bets instead? Your opinion regarding casinos will change overnight. You'll soon be cursing LKY for not allowing casinos twenty years earlier.

Seriously, i don't really have any objection against the local casino. For me it's pure entertainment. You win some, you lose some. End of the day, you lose more than you win. Not really the kind of money i want to earn. I will probably try something else if i want to explore internet business one fine day.