Interesting Quotes Thread...

[louisoh]

Found some of these quotes interested.. or in fact, amusing..

1) Some PM: "Our aim is to help lower income groups and the elderly, it is not to increase their burdens. So when we implement the GST increase, it is not just a GST increase; it is a package which will fully offset the impact of the GST for these groups and begin to strengthen the social safety nets and tilt the balance in favour of the lower income Singaporeans"

2) Some Finance Minister: "Increasing wages not solution to inflation"

3) Some Transport Minister: "Singaporeans have the choice to be subjected the ERP or just be in traffic jams"


Any1 got more?

[sci70716]

I never study Econs before but my friend say Pt 2 is valid. Anyone can share?

[seiko.citizen]

true to an extent, but hor, *imo* if too many people are cannot keep up to date with daily expenses, soon there will be a war, where we will go and rob the "rich"

[carrot^]

I never study Econs before but my friend say Pt 2 is valid. Anyone can share?

yeah, i guess it's correct. If they were to increase everybody's salary to match inflation, the operation cost of their biz will increase hence reducing profits and in order to increase profit or keep it at same level (before salary increment), they will have to increase the price of their services / goods. I guess it will be a vicious cycle. Inflation-> increase salary -> further inflation -> further salary increment and so on and so forth.


I never studied Econs before too. I could be wrong.

[seiko.citizen]

me study 3 units of econs for 2yrs , and me still abit blur

[carrot^]

true to an extent, but hor, *imo* if too many people are cannot keep up to date with daily expenses, soon there will be a war, where we will go and rob the "rich"

Ya.. imagine this


inflation -> things become expensive. -> people more careful in spending money -> biz suffer coz lesser ppl buying stuff -> biz no choice have to increase price to maintain profit -> further inflation -> things become even more expensive -> more ppl not spending money -> etc etc etc...

This will be a nightmare...

[seiko.citizen]

vicious cycle. in oz people are getting robbed for A$5 , now it is a mix of just taking advantage of the situation, and of course, people are gettng desperate

[wolfeyes1974]

yeah, i guess it's correct. If they were to increase everybody's salary to match inflation, the operation cost of their biz will increase hence reducing profits and in order to increase profit or keep it at same level (before salary increment), they will have to increase the price of their services / goods. I guess it will be a vicious cycle. Inflation-> increase salary -> further inflation -> further salary increment and so on and so forth.


I never studied Econs before too. I could be wrong.

another simple explanation...

salary up>spending power up>demand for things up>demand up, prices also up...so inflation lor....micro-economics u know....hahaaha...

[Darkangel]

Eh u copy from EDMW 1 right

[wolfeyes1974]

Eh u copy from EDMW 1 right

hello, i may be a beng..but i'm an highly educated beng ok?? my econs = very good at A level one ok??!! dun play play....i chao chao also upper hons ok...hahahaa..simi copy...see me no up..got eyes dunno what's oh ee oh?? hahahaaa

[Nooch]

2) Some Finance Minister: "Increasing wages not solution to inflation"

I think this is contradictory as if this is e case, y would they increase their already superscale wage??

I also dun agree to this as it will indeed results in war if the disparity is too wide.

[Darkangel]

hello, i may be a beng..but i'm an highly educated beng ok?? my econs = very good at A level one ok??!! dun play play....i chao chao also upper hons ok...hahahaa..simi copy...see me no up..got eyes dunno what's oh ee oh?? hahahaaa

Huh wad u talking about?

Aiyoh u blur la....I saying Louis copied the thread from a similar 1 in EDMW

[pet]

Wow. tok econ ah ? my worst subject...

tok petonomy i know.... pet quote:

" UP YOURS, i up mine " ..... hahahhaa
case studies of monkey see monkey do company...

" Demand & Surprise "
case studies on a certain dept which will just DEMAND, so we Surprise at the rate changes and LL got to pay

[wolfeyes1974]

Wow. tok econ ah ? my worst subject...

tok petonomy i know.... pet quote:

" UP YOURS, i up mine " ..... hahahhaa
case studies of monkey see monkey do company...

" Demand & Surprise "
case studies on a certain dept which will just DEMAND, so we Surprise at the rate changes and LL got to pay

solid ah pet...up yrs and i up mine..hahahaaaa...classic!

[triton]

during some speech, where food was brought up......

" mee siam mai hum"