May I ask..if situation could not let one to save every penny....and is that the one's fault?Originally posted by the Bear:on another note, if i may ask... what responsibility is it of the gabrament if a dude refuses to prepare for his retirement and spends every cent of his wages each time he gets his paycheque? (that is, if he can afford it...)
ultimately, if the gabrament makes a safety net policy for those who do that instead of being responsible for themselves, the $$$ has to come from somewhere... will people KPKB about taxes?
Originally posted by Lowclassman:May I ask..if situation do not allowed one to do so....and is that the one's fault?
Originally posted by Lowclassman:I agree with YOU!!
I understand and pity the frustration of this old man is facing.....People in most countries at his age would have retired long long long time earlier than age 74. Yet, he is still struggling with his livelihood. For an old man of age 74...his eyesight maybe OK.....but I believe people of 65 onward would have to strain their eyes in prolong focusing..do you agree? Imagine...this old has to drive for at least 8 to 12 hours for a net income of S$50-S$80. [b]Poor old man at age 74...begging for chance to get back to drive taxi as to struggle to his last breath but.........
I wonder why our government is so cold blooded that they would happily draw ridiculous salaries, perks, dividends and etc but turning a cold shoulder to the poors or the average income group of people.
The only words I can describe our government are....they are bunch of merciless blood sucking vampires.
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This is not a fair comparison! You can even say some are driving taxi just for extra income for luxuries. One true fact...my cousin is driving a taxi and he lives in a semi-detach house at Mackerrow Road and with no outstanding loans.Originally posted by the Bear:which is?
i ask this question because of people i know...
their fathers were taxi drivers...
one is enjoying retirement... the other is still struggling even with his son supporting him....
the first did what he could and it was sufficient.. the other spent craploads gambling... and still does.. his wages went and still go into 4D and horses..
it's the same.. if an exec blows his 5-figure wages all the time, he's going to have to work like a dog after his time to retire...
This is simple taichi.....lots of people here push the blame to the government without considering their own faults...Originally posted by the Bear:again, i ask.. which is?
thing is this... look around at most of the complaints in SC... all are asking.. nay.. DEMANDING that the gabrament do this, do that...
while they do not and refuse to take personal responsibility for their lives...
heck! they are even lauding the taxi driver for violence and assault!
the gabrament are money-grubbing... but the moment we do not take personal responsibility for our own lives, and demand that the gabrament do everything for us, we have lost the right to complain about them being money-grubbing... because we let them... and by complaining and demanding they do so, we insist that they squeeze us...
have you taken personal responsibility for your own life?
have those who are in such dire straits taken responsibility for their lives?
Decent does not necessarily mean HIGH income, but rather; perhaps reducing certain costs so that these low income earners can match their earnings to.Originally posted by oxford mushroom:How can poorly educated, low-skilled workers earn a 'decent' (I presume that means high) income in the midst of global competition and cheap foreign labour?
I suppose that's why the casinos are coming in...We have to continually upgrade our skills to meet the latest market demands.
To be employed is to be at risk. To be employable is to secure your future.
Fully agree with you!Originally posted by ShutterBug:Ok,
From my point of view, I can see that Singapore's economy is largely tailored & tuned for the highly educated, high-end industries, FTs & PRCs, Medical Science & Research, and other elit-oriented schemes.
As such, for the multitude of averagely or lowly educated generations, they appear to be left to die out slowly & agonisingly by sheer lack of lucrative means of making a living. Hence, many resorted to gambling and all other forms of quick bucks activities.
If our gov can understand that paying their ministers top salaries keeps corruption at bay, it should also apply to the people - allow them or create a sector in industry where they can make decent incomes and keep them away from vices & inevitable crimes... or sudden outburst of violence.
Originally posted by the Bear:How many people are enble to take responsibilty for their own life in dire straits?
again, i ask.. which is?
thing is this... look around at most of the complaints in SC... all are asking.. nay.. DEMANDING that the gabrament do this, do that...
[b][color=red][b][b]Reply: No one in singapore can demand our blood sucking gov to... do this or do that...or [b]anyone in history of singapore had demanded our blood sucking gov to do things and the blood sucking gov responded.
This blood sucking gov have always reacted or over reacted the ruling of our country and had been always benefited the elites and themselves. [/b][/b][/b][/color]
while they do not and refuse to take personal responsibility for their lives...
Reply and ask: if everyone is an Angel like you....Why the need for gov to implement CPF....OA...Medisave and SA?
heck! they are even lauding the taxi driver for violence and assault!
Reply: He is a 74 year old guy. What would you think if he happen to be a 44 year old guy? How will the gov be reacting to it?
the gabrament are money-grubbing... but the moment we do not take personal responsibility for our own lives, and demand that the gabrament do everything for us, we have lost the right to complain about them being money-grubbing... because we let them... and by complaining and demanding they do so, we insist that they squeeze us...
have you taken personal responsibility for your own life?
My question...have you (bear) taken [b]enough personal responsibility for your own life?[/b]
have those who are in such dire straits taken responsibility for their lives?[/b]
Originally posted by Lowclassman:
[b]How many people are enble to take responsibilty for their own life in dire straits?
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2 Child Expenses :It is not cheap to raise children but I think your figures are inflated. I grew up in a poor family and we could get by with much less. My father brought home $500 a month (1980 figures) and we had three siblings:
Daily Breakfast $2.00
Daily Lunch $3.00
Daily Dinner $3.00
Daily Transport $3.00 - Total Daily Expense $11.00 x 2 = $22.00
TOTAL : 30 Day Expenses : $660.00 x 12 months = $7,920 p.a.
School Fees per Month : $6.00 x 12 months = $72 p.a. x 2 = $144.00
School Text Books and Stationary: $200 p.a. x 2 = $400.00
School Uniform - Annual Expense : $50 p.a. x 2 = $100.00
School Miscellaneous Expense : $200 p.a. x 2 = $400.00
TOTAL 2 child School Expenses : $1,044 p.a.
Originally posted by Atobe:Indeed. There are some who earn just enough to get by, they simply do not have any leftovers to save. Then there are others who can save, and also invest wisely to make the money grow. Over 20 -30 years, the first group would still be at the edge, the slightest push, and they may have to go hungry. The second group can afford to retire early and enjoy their golden years.
Can anyone earning below $2,000 p.m. (before CPF deduction) still save for his retirement ?
What is the monthly cost that has to be met from one's nett salary ?
Monthly salary $2,000
LESS 20% CPF - $400
[b]Nett Take Home: $1,600 x 12 months = $19,200 p.a.
LESS
Daily Adult Expenses
Daily Breakfast $3.00
Daily Lunch $4.50
Daily Dinner $4.50
Daily Transportation $6.00 - Total Daily Expenses : $18.00
TOTAL : 30 Day Expenses : $540.00 x 12 months = $6,480 p.a.
2 Child Expenses :
Daily Breakfast $2.00
Daily Lunch $3.00
Daily Dinner $3.00
Daily Transport $3.00 - Total Daily Expense $11.00 x 2 = $22.00
TOTAL : 30 Day Expenses : $660.00 x 12 months = $7,920 p.a.
School Fees per Month : $6.00 x 12 months = $72 p.a. x 2 = $144.00
School Text Books and Stationary: $200 p.a. x 2 = $400.00
School Uniform - Annual Expense : $50 p.a. x 2 = $100.00
School Miscellaneous Expense : $200 p.a. x 2 = $400.00
TOTAL 2 child School Expenses : $1,044 p.a.
Monthly Utilities for Family of four : $200.00 x 12 = $2,400 p.a.
Monthly Household Expenses: $112 x 12 = $1,344 p.a.
TOTAL Annual Expenses : $19,188 p.a.
Can those who are still Single understand the problems of raising a family ?
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