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Ng Eng Hen Exit Interview say 富不过三代

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Ironside

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Ethan_ said:
If not wrong, some is set up trust to keep their wealth safe, they are their trust executor. Its like setting up another entity with own self controlling it. So as to put a layer between their wealth and all other people. Only if they reappoint another executor when they alive or in their passing then its pass to another person handle. Usually think this is another of the offspring also.
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The executor is the loophole
 
Cyber_Ghost

Cyber_Ghost

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ChiongAh said:
PAP with all the gerrymandering, negative politics, fearmongering, and adding new citizens, even if they want to rule Singapore for 100 years by putting monkeys to run instead, daft Singaporeans will still vote for them lah.
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我不懂什么是 gerrymandering, negative politics etc etc 我只关心什么时候可以有 CDC vouchers, medisave top up, one dollar groceries offering.

还有 my 3 room HDB 什么时候可以卖 $1M.

其他的关我屁事?
 
Ethan_

Ethan_

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Ironside said:
The executor is the loophole
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Its goes both way that's why attractive mah. But think usually they won't appoint outsider one lah. Unless really can cannot find anyone useful among own. Alot is use it to safeguard their wealth from predators. So, they are their own executor. They just using that separate entity to separate themselves from their wealth, yet still keep in control of their wealth. So that regardless of divorce or whatever business failure, no one can touch their money.
 
K

krikering

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AUTUMN&WINTER said:
SG is 4G now. So 福不过三代 is not always true.
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The 富 is SG's leaders + GDP numbers, nothing to do with ordinary Singaporean citizens.

Singapore's 3G is said to be starting from May 2011, after LHL announced his 3rd cabinet. At that time, SG's COL is already starting to spiral up liao and downfall officially started.

Singaporeans started to experiencing a high rise in COL when MBT started with his idiotic "Asset Enhancement" Scheme even before 2010, this kickstarted the era where HDBs became an investment asset rather than a policy of affordable housing for people to stay.

Before that, we had the loose foreign talent policy which started during GCT's time but the effects was not as pronounced back then during the initial 1st few years.

Take a look at this article from 2011. The person interview was RDU's candidate in the earlier GE 2025 Elections.

https://www.cnbc.com/2011/05/05/singapores-fast-growth-creating-richpoor-divide.html

Singaporeans have not been 富 for a long time liao, affordable housing and cars is very unattainable for ordinary citizens. Even Healthcare is getting more and more unaffordable too, COL is rising at an insane pace as well.
Our high salaries can get nothing much, considering the rise in COL is outpacing the rise in income.
 
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KPO_SAHM

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Roundtreex said:
Just set up a trust and give monthly income to beneficiaries . No one can touch the trust. They cannot spend all and also has monthly income.
In this way, the bank also just base on monthly income rather than trust to give credit line to beneficiaries.
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I think one of the super filthy rich HK business man did that to his family if he passes away. He worries his wealth couldn last that long.
 
Cokacola

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NEH is a respectable man, for this long years of service we never really see any issues with his job, and his reasonings are always very solid and sound, never dived into needless argument and controversies like some black and white people. wishing him a happy retirement he deserves everything good for his remaining years ahead.
 
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gaul_ads

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Cokacola said:
NEH is a respectable man, for this long years of service we never really see any issues with his job, and his reasonings are always very solid and sound, never dived into needless argument and controversies like some black and white people. wishing him a happy retirement he deserves everything good for his remaining years ahead.
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Hope he switch side and join PSP to lead them. Can take over TCB
 
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