doesn’t the social aspects of it matter?
will the gambling exclusion order really be effective?
i think that would depend on the way it is being enforced don’t you think?
how will the casinos enforce it?

it’s quite impossible that they check the IDs of everyone entering the casino right? if that’s the case then HOW exactly would the exclusion order work?

just wondering..

would you rather be a bankrupt?

Are the casinoes designed to suck money out of Singaporeans or tourists and the rich?

That’s the problem.

Now you know why Singapore is known as the playground for the rich !

Thanks for the link! I recalled reading something related to (irrational) risk taking, but I dunno where I came across it.

Anyway, this makes sense from an evolutionary perspective. It helps the species as a whole to survive better because, although most risk-takers will fail, there will be a handful strikes gold, and overall, the species will benefit.

Imagine the one who pulls at he one armed bandit. He is there not only to make some money but also to escape from some issue that bug him. It is a destressing activity for him as he make his way to the jackpot machine. There is also the escapism issue here when he hides his problem behind the bandit.
When the problem is solved, often, his bad habit will also disappear.

Punters who go to cruise ships nearby to gamble are also out to get some high from their mundane lifestyle. Many of course want to make some money from the cruises but my gut feeling is that there is more than one reason why they are there.

Singapore is indeed a gambling nation. Singapore Pools collected more than $1 billion yearly from punters. Many ordinary people I know lose around $300-$500 monthly from wagering on 4D, Toto, football and Big Sweeps.

Let us hope that the IRs will not add on to the already painful hit on our pockets.

Goalposts cannot be moved. You must mean the penalty mark. Anyway, CPF entitles you to receive a lump sum at 55 and then there are regular handouts? You’re correct anyway. The system is really confusing.

They’re kind of like heavily structured. If only we can go back to the old system of universal pensions for everyone. Then everyone will be happy.

I disagree with the view that welfare creates lazy people. And even if so, then seeing how ’smart’ our government is, surely they can modify the welfare system such that it encourages hard work?

This is the government’s work, not mine. I can only suggest, but I cannot force. Seems to be off-topic? Haha..

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One question, Is the collapse of a blue chip company considered evitable?

“Besides, even if our CPF monies were put into risky investments, we still get the sum back. The govt has no right to delay payment. We’ve paid for years anyway.”

The govt has no right to delay payment? The govt has moved the goalposts so many times that people have become dazed and confused as to when they will actually get their hard earned savings in CPF. When I started work, I was promised that I’d get it all at age 55. Lots of changes since then. Have we forgotten about the CPF tweaking that led to Longevity 85 Special Annuity Noodle?

Yes, even if they do not have the right, they can always create rights in the Parliament!

And now, you see full page ads on Sunday TImes luring innocents to top up Medisave with Lucky Draw prizes without even small print to warn that it can only be taken out in sickness or in death. Wonder if they are mis-selling here?

Oh, they have rights alright, until there’s nothing left!

feedmetothefish

http://www.sciencedaily.com/releases/2005/08/050823080657.htm

People should just be educated that there’s no such thing as a quick buck. That’s really all there is to solve gambling.

Ever ask why people gamble? What motivates them to gamble?

A friend in need is a friend indeed!

Cheer up guys!

I have no elitist mindset. So don’t worry. It’s not up to me, yea, but I believe each and very person should get his just deserts, whether good or bad. So… yea.

Every person has his or her own opinion on what “risk” is.

You do realise that everyone is entitled to his/her opinion on what the appropriate risk appetite is. Whether the government adopts this risk appetite is another issue. The mis-match between what the government’s risk appetite and that of each individual would result in each individual judging the government as either over-prudent or adopting too much risk.

Please mind your words. – Panter92 (#10)

When someone wants to condemn Goh Chok Tong using the term bloody, it is really not up to you to prescribe what standard he or she should adhere to. Please mind your tone and words! If you are one of those who prescribe to the idea that a comment must be of a certain construct or carries a certain ideology, then you already have an elitist mindset. I see absolutely no point to deal with elitists.

On the other hand, a very skilful stock market “gambler” can indeed win money. An average person… I’m not so sure about that.

Also, there’s always the so-called long term investment, in which the rise and fall are nuanced. Such investment are likely to give (small) positive returns. And strictly speaking, putting your cash in a bank account or in a tin can is actually a gradual loss due to inflation.

But, please do no gamble with the Fate of the Country(NOT A NATION YET)

patriot

Please mind your words. If gambling was not made legal, the heartlands would be thriving with gambling dens. Which do you prefer? 4D outlets or gambling dens with loansharks inside?

Make up your mind.

You do realise that your question is not easily answerable? How do you define risk in investment?

You do realise that your question is not easily answerable? Who do you define risk in investment?