Tuesday, December 20, 2022

Wisdom of the Crowd - New Issues


1. What is the best way to reduce cost of living in Singapore
2. Was it a good strategy to develop crypto currency and blockchain
3. Why was the DPMs not allowed to be acting PM?

Vote in
https://tklcloud.com/Crowd2/vote.aspx
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3 comments:

Anonymous said...

Rentals for businesses should be at a fixed price and do away with bidding. Bidding increased the costs of rentals which increased the costs of overhead, which were then passed to consumers. Someone could bid on a stall/shop at $1200 and another person might bid on the same outlet for $6000 a month.
If more people aim for the same particular stall/shop, then go for BTO style of application. But then when it comes to money, this cheng hu will maximize all it can.

December 20, 2022 10:13 AM
Anonymous said...

And who pays for the higher bid?

This is call helping the rich (the big outlet bidders) to rip off the poor (the customers). This is why coffeeshop stalls are so expensive and food prices are going through the roof.

December 20, 2022 1:33 PM
Anonymous said...

To cut costs for themselves, they try to award the bid to the lowest contractor. When paying out choose the cheapest. Quality drops. Essential to cut corners for profits.

To earn money for themselves, they award the bids to the one who is willing to pay the highest $$$$$$$$$. When collecting choose the most expensive. Quality also drops. Essential to cut corners for profit.

Whichever way around who benefits?

December 21, 2022 5:05 AM

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