When someone shares with you something of value, you have an obligation to share it with others.
This is the greatest "asset" bubble. Not gold, iron ore, commodites, gas or coal. What stock rises 10 times and does not correct.Before 1994 : $300k (??)after 1994 : $1980k 2007 : $3090k 2008 : $3980kwhat stocks rises from $3.00 to $39.8 and does not correct or crash?In terms of p/e ratio; price to earnings or salary to GDP it's the most expensive in the world
1990 : appointed deputy Prime Minister1994 : salary increase2004 : appointed Prime Minister2007/8 : Pay increaseevery 4 years after appointment pay increaseso if history is true4 years from the return of next coming electionwe should see a pay increase.50% pay increase = ~ $6million dollar man
To be sure this is about the office and not the manand this is for the greater good of all and not the benefit of the office :The Question :The Acid Question:What is the opposition take on the salary issue ?What if and it's a big if :Will they revise the salary if they were in the office orthe office will make any man Napoleon?
Singaporeans must be real bullish ?-----------------------------------Will you buy a stock that is rich in P/E. 450%-900% above the peer groups P/E. Maybe ? If there is an underlying, hidden untapped raw potential that is not yet tapped. But from a resource poor country, 900% above peer valuation is way above priced.On top of that the growth rate is in negative territory for the stock and for that peer group. Point in consideration : the Table below : salary GDP P/E (us$) P.Cap Ratio ------- ------ -----Singapore 2,800,000 49,433 56.6HongKong 516,000 42,574 12.1France 318,000 33,744 9.4Germany 303,000 34,219 8.9Unt States 400,000 46,443 8.6U. Kingdom 279,000 35,165 7.9Japan 243,000 38,290 6.3Canada 246,000 38,290 6.4Australia 229,000 37,302 6.1Ceteris paribus, If the premium of the head of goverment can be measured by the output achieved per capita then SINGAPORE's is enriched with premium.Its P/E ratio is 450% from the 2nd highest and 900% from the lowest. Singaporeans wants everything cheap but now they really get one they didnt bargain for.
salary GDP P/E(us$) P.Cap Ratio------- ------ -----Singapore 56.62,800,000 49,433 HongKong 12.1516,000 42,574 France 9.4318,000 33,744 Germany 8.9303,000 34,219 Unt States 8.6400,000 46,443 U. Kingdom 7.9279,000 35,165 Japan 6.3243,000 38,290 Canada 6.4246,000 38,290 Australia 6.1229,000 37,302
For Info Prime minster salary by MONTH according to ST May23 1985:1961 $ 3,5001970 $ 3,5001973 $ 9,5001981 $ 21,4581984 $ 29,317 [Year LHL entered politics]1994 $ 96,000 [Year LHL appointed Deputy PM]2004 [Year LHL appointed Prime minister]2007 $ 258,0002010 $ 322,000Observation 1 :Data gleaned from internet and news sources, subject to accuracy. But as you can seein roughly 50 years, PM salary has increase 100 times. Resonable ?Observation 2 :When father knows son will enter politics, suggest pay should increase.Big jump from 70's to 80's$10k to $30K permonthObservation 3 :Thought Son will be PM so another big increase in 90'sBut son not ready, Mr Seat Warmer came in and got unexpected windfall.Salary hit a plateau the next few years until Son became PM.$30Ks to $90ks per monthObservation 4 :Son became PM. Salaries double jump !!$100K to $300K per month !!Correlation of Salary to LHL rise in politics ??You decide.For me the data is very clear.
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