Not The Time To Restore CPF Cuts
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So...When the gov thinks that is the most approriate time to restore our CPF?
And what is their category or level of recovery of economy then is approriate to restore our CPF?
Fark the gov given an open statement...with no answer. Is this the way our gov function? So called they have to plan 10 or 20 years ahead..first world gov...my foot.
In year 2001, when there was a slight recovery in economy....wow....immediately they(gov) restored their multi-millions dollars salaries.....leaving the poor peasants struggling on day-to-day expenses and livelihood. Fark the gov -
they want us to accept pay cuts, accept retrenchment, accept cpf cuts, accept restructuring, accept retraining, accept their big pay cheques, accept extension of retirement age.........
frankly which one actually benefits us?
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One thing is sure; they always put words into our mouths!!Originally posted by dragg:they always say that singaporeans agree to all the pay cuts and belt tightening. kns, as if we have a choice.
NNB...
And they are bluffing themselves that 66.6% is strong mandate.
wait till next GE... 46.6% - STILL strong! -
what are you talking about???Originally posted by BillyBong:Let me rephrase:
The govt can choose NOT to legislate having a CPF acc per citizen. They can 'trust' singaporeans to manage their own savings. This will translate to instant 'higher earnings' since the companies will pay out the portion meant for CPF back to the employee. (else there will be an uproar, so your worry that employees will earn less without CPF is moot)
But they INSIST on having a CPF system. And why not? It represents an excellent 'investment' account for the govt to use to invest in the open market and generate greater revenue. Such things almost always works both ways.
If you earn your own living, will you prefer to manage your own savings or 'surrender' a portion to the govt to manage? The CPF account is simply a time-saving account with a pre-set maturity date made compulsory by the govt because they feel many among us cannot look after ourselves come old age. It is indeed your hard-earned cash, but you can't touch it apart from paying your housing loan etc.
I just view it as an untouchable savings account till i walk on 3 legs.
may be you should read your 1st posting in this thread again.