A Major policy error - postponing retirement age without gua
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If you are the government and you cannot govern with good decisiveness and objectivity and given way to greed and allowed their cpf eventually to be depleted, due to liberalizing on their playing cpf with shares and property speculation, are you a good government and have you really succeeded on the original intention of making cpf people's retirement nestegg.
Let's just admit it, it is a failure this cpf retirement scheme because of government lack of insight and foresight over the way it has been put to use for various speculations.
Now it is too late as most people have lost their retirements on mortgaging their retirements on HDB purchases, share purchases and other speculation which government should have been wise to avoid.
Another mistake is now to be made because of top-down autocracy again this time - postpone receipt of their final CPF balance (at 55 they already deferred their collection) - depriving citizens of their wish to use their balance for whatever they need for retirement which they know best.
The few thousands of people who live beyond 85 should not result in a punishment on all the rest to give up receiving their final balance at a younger than dying time.
That is the proper meaning of retirement which PM Lee has failed to understand !!!
If there is a election now, PAP will lose 5 seats. -
But ..but....wait!!
Singaporeans majority do not want that. Right?
If that happens, the world would end would it not?
The human race would be wiped out would it not?
Now I think only 3 /83+ seats. Might as well make it 0/83+?
A bit here and there where got meaning?
Single-party dominance may be what the majority really wants?
I have no idea. -
hahahah they are afraid that the retirees squander all their money at the casinos they built. They hope that they squander all their money but to ensure that they do not need to take care of these people, they come up with rubbish policies like this.
When I am old, I will cash in and migrate. That is the only way out in Singapore unless people really wake up. This is what the government wants. Get rid of the old, the weak and the poor and replace them with foreigners (just ranting, no figures to support. I will make it clear/open when I am ranting)
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does saying "yes! i want a cup of coffee = i want tea, water, beer, wine, whisky, long gang water, newater....too?"
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You lucky they process the newater first..Originally posted by Lin Yu:does saying "yes! i want a cup of coffee = i want tea, water, beer, wine, whisky, long gang water, newater....too?"