/// It appears the world is …. depleting of the human race through non-reproduction. ///

those who can will live on,
Darwin’s Law of Evolution by Natural Selection

Those of us who are well-off shld shut up on welfare for the poor.

But having realised that he is in MM’s constituency, I defend his right to make this comment.

Looking affer his ward must be very difficult. Any oldie could be trusted comrade of MM in the struggle agaist Brits, communists. Any young person could be son or granddaughter of MM’s comrade.

What happens if trusted Comtrade tells MM that Sam Tan is useless. And MM investigates and finds it true.

No Sam Tan is not mollycoddled.

Please do not make fun of them. Else, they will need even more talented people to come out with even more fantastic reasoning to counter yours.

We need to learn the following terms so that you never go wrong in any financial arguments.

1) Sell in the near or short term even making a loss = rebalacing portfolio or adjustment capitalizing in some emering market (any market will do as long as you can explain off the growth potential where there are always plentiful of data at both ends to pick).

2) Hold while equity falls in value = we are in a for the long term as there is no need to panic. Again, there will always be data at selective intervals to match your investment horizon.

Head I win, tail you lose.

so what’s the role of ELITEs then? (since they always high pay package)

aiyoyo

So true.

Husband: Give me money so that I can keep family alive

wife: What are you going to do with it ?

Hus: I’m going to make money. High risk, high return.

wife: I already give you my life saving but yet you lost it without accountability, now you still have the cheek to ask me for more. What are you doing with the money ? Last time, you make a bit of money and yet you didn’t even return back my money saying that returning the money will make me deliver crutch mentality. What a excuse to say that return me the money will make me materialistic and greedy and develop complacency.

Hus: Just SHUT UP and give me the money. You don’t have to know how I use the money. I’m investing for long terms of 30 years even though I gamble and lost all the money you give me now.

Wife: Are you senile ? What long term are you talking about when the money already gone and gambled away ?

Hus: It’s the bad luck, what to do, it happens. So SHUT UP. What do you know then ? It is just paper loss not actual loss. I’m investing my LUCK for a LONG TERM. What you need is a dose of bad husband ! Do you know Junta Ali in Burma kill his wife because the wife question him ? YOu are so lucky to have me as husband in Singapore taking care and invest long term for the future. So just shut up and give me your money. I promise you that this time I will gamble big and recoup all the loss, and I will mortage the house for the gambling stake. I don’t believe my luck can be so bad this time. Anyway, if it is my bad luck then I’m as NOBODY will take the rap. You can even ask the police to arrest NOBODY for being a useless husband.

In Confucian societies, the joint household model meant that many generations lived together. It means that children get married even before they reach economic independence, but it also means that the parents are more liable for their economic upkeep. Another facet of the system is that duty for caring for the aged lay with kin, rather than with either the local or national government. This doesn’t make it more or less moral – they are just different ways of solving the problem of supporting people who are no longer economically active. Just because primary responsibilty for caring for the aged poor rested with the state doesn’t mean that people don’t love their parents or are somehow morally inferior.

We live in an age of nations, in which we benefit from living in a community broader than that of the clan, and to which we have broader responsibilities. Each of us, through direct and indirect tax, supports the activites of the state, which go towards making the lives of its citizens better. In return, all of us recieve some support from society. Our duty is to care, not just for our parents, but for all the aged. And in doing so, I think Sam Tan and many others will acknowledge that it is the strongest in society who have the greatest duty to help the weakest, the wealthiest, the poorest.

This doesn’t mean that those who are not rich have no duty. It just means that those who have more should give more. If we want a fairer society, in which elderly dependents all receive a decent level of care, then we also have to accept that the burden for that care shoudl fall on all of us, according to our ability to shoulder that burden. This is why the state is absolutely critical.

that’s nice….almost as nice as nursing home in JB

But who’s gonna take care of the children?