PROTEST AGAINST COMPULSORY ANNUITY
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Black is beautiful ! Good guys wear black.
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Sigh.. the problem is not about how good the payouts are or life expectancy.Originally posted by kramnave:Not a bad idea, risk pooling better than old age pension in a pay as you go system. Basically insurance in case you live beyond 85. But female and male different expected lifespan. They should consider charging males less or bring down the age for males. Then again, nothing confirmed ?
Its about the scam.. ahem... scheme being compulsory. Its not their money, its was supposed to be our own retirement fund, to use as we deem fit. How we use it is of no business of the government. -
Originally posted by Jontst78:
Thats the Singapore dilemma i suppose. On one hand Singaporeans want the government to do more for us in old age but on the other hand: "thats our money". I get what you mean. Everybody is entitled to choose right. Good luck.
Sigh.. the problem is not about how good the payouts are or life expectancy.
Its about the scam.. ahem... scheme being [b]compulsory. Its not their money, its was supposed to be our own retirement fund, to use as we deem fit. How we use it is of no business of the government.[/b] -
Originally posted by Jontst78:
Agree with kramnave
Sigh.. the problem is not about how good the payouts are or life expectancy.
Its about the scam.. ahem... scheme being [b]compulsory. Its not their money, its was supposed to be our own retirement fund, to use as we deem fit. How we use it is of no business of the government.[/b]
It is our money and is of ''no business of the government''...... till we misused the money and then some (just some) will blame the Govt for not helping them.
Example -
Some co-worker of mine used their CPF to buy shares in the 90s... when they make money, no one thanks the policy of allowing CPF $$$ to be used. But when the 1997 stock market crash..... most of them decided that it is the Govt's fault that they now have less CPF due to losses in the market
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Originally posted by hloc:
We are all responsible for our own choices. Those that blame others for risks(investments) they so chose to take, should not have others to blame.
Agree with [b]kramnave
It is our money and is of ''no business of the government''...... till we misused the money and then some (just some) will blame the Govt for not helping them.
Example -
Some co-worker of mine used their CPF to buy shares in the 90s... when they make money, no one thanks the policy of allowing CPF $$$ to be used. But when the 1997 stock market crash..... most of them decided that it is the Govt's fault that they now have less CPF due to losses in the market
[/b]
Then again, curtailing or sabotaging my right to choose? its another matter. -
I hope every S'porean is as responsible as you...... but some ain't.Originally posted by Jontst78:We are all responsible for our own choices. Those that blame others for risks(investments) they so chose to take, should not have others to blame.
Then again, curtailing or sabotaging my right to choose? its another matter.
These are the same ppl who would blow all their CPF in Batam for R&R, or at Genting & Turf Club..... even bad investment scheme (time sharing.... etc) and later blame someone for allowing them to withdraw their CPF account. -
You know, those gothic lolita cosplayers, emo kids and mat rockers all wear black too.Originally posted by mancha:People normally have black clothing in their wardrobes.
They wear them casually any day.
So those who dress as such, that go to Centrepoint, clueless of this protest, are to be counted as protesters?
Protesters by default.
Great idea. It cannot fail. -
This kind of protest, is not going to make them sit up & listen...
you need those kinds like in Malaysia... involving tens of thousands...
no pain... no gain (change)... -
or mass strike / resignation. No work no CPF, no CPF no forced annuity. All go work part time.Originally posted by HyperFocal:This kind of protest, is not going to make them sit up & listen...
you need those kinds like in Malaysia... involving tens of thousands...
no pain... no gain (change)... -
Would be cool, but the culture of protesting (among singaporeans) is still very young, an infant still,if I may.Originally posted by kramnave:or mass strike / resignation. No work no CPF, no CPF no forced annuity. All go work part time.
Hopefully, little things like this, would contribute into maturing the general population politically, on non-violent protests. The "thingy" this Saturday is also to hopefully. gradually expose singaporeans to the culture of peaceful protests.
Once the population is mature and united enough, and have unlearned "Learned Helplessness", what you mentioned could be very probable in the future. -
did I even mention anything about starting of payout after age 85?Originally posted by kramnave:Who said that it will start paying out after age 85 ?
In case you misunderstood, I was referring to the reasoning PAP gives us for buying annuity... -
Ok.... but are you leading usOriginally posted by HyperFocal:This kind of protest, is not going to make them sit up & listen...
you need those kinds like in Malaysia... involving tens of thousands...
no pain... no gain (change)...
The - ''no pain... no gain (change)'' - part sounds really good. But who among the 'writers' here in SG Forums is going to do the ultimate sacifice by leading such a protest Anyone -
Just ask the chees, that Nair guy....or maybe even AndrewPKyap
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Originally posted by hloc:
Go Andrew Go!
[b]Ok.... but are you leading us
The - ''no pain... no gain (change)'' - part sounds really good. But who among the 'writers' here in SG Forums is going to do the ultimate sacifice by leading such a protest Anyone [/b] -
Then again maybe not...sekali he really PK in the end..Pok KaiOriginally posted by eagle:Go Andrew Go! -
Chee has done it so many times, till he can do it in his sleep.Originally posted by kramnave:Just ask the chees, that Nair guy....or maybe even AndrewPKyap -
Originally posted by kramnave:Then again maybe not...sekali he really PK in the end..Pok Kai
Pap Killed -
They will never allow this, before these people can gather for the protest, they are already arrested.Originally posted by HyperFocal:This kind of protest, is not going to make them sit up & listen...
you need those kinds like in Malaysia... involving tens of thousands...
no pain... no gain (change)... -
OOPs, sorry mistake. They will never allow these thousand of people to gather for protest, 5 or more gather is considered illegal what more about thousands of people come together.Originally posted by qlqq9:They will never allow this, before these people can gather for the protest, they are already arrested. -
Originally posted by qlqq9:They will never allow this, before these people can gather for the protest, they are already arrested.
Ok..... so what we want is NO PAIN.... But I want GAINOriginally posted by qlqq9:OOPs, sorry mistake. They will never allow these thousand of people to gather for protest, 5 or more gather is considered illegal what more about thousands of people come together.
Mmm..... no wonder nothing change much in S'pore.....
After all thats is debated and said here...... -
What's there to protest about? It has to be compulsory for the scheme to work.
If it is not compulsory, the well-off who have plenty put aside in investments for old age may well opt out, leaving the poor who have very meagre savings in the system. And of course not everyone will live to be 85. It is the richer contributor who dies at 60 and does not benefit a cent from the scheme who subsidizes the poor man with hardly a few hundred dollars in his CPF who lives on beyond 85.
Insurance companies are not charities. If you have a smaller base of contributors drawn mainly from the poor, the annuity payouts will be much smaller.
If everyone lives to be 89, then we can only expect to have much smaller payouts, which may not be sufficient for us to live on. If most people die at 60 and only a handful lives to be 89, those few octagenarians can be assured of a decent handout and a comfortable lifestyle. Of course those who die earlier lose out and those who live longer benefit more. But if you die at 60, you won't need the extra cash anyway. -
Originally posted by hloc:
You mean you don't know gahmen want people to get permit for protest and 5 or more than 5 people gather are considered illegal. May be you should start a protest in Singapore and let us know the outcome.
Ok..... so what we want is [b]NO PAIN.... But I want GAIN
Mmm..... no wonder nothing change much in S'pore.....
After all thats is debated and said here...... [/b] -
I read the anti-Odex protest thread.
Four busloads of Anti-riot police were called to harass eight unarmed protestors.
If there are one hundred people wearing black, the police will be short-handed on that day. -
As I have said earlier, take a look at the obiturary and count how many people died passed the age of 87, bearing in mind that most chinese increase their age of death by either 2 or 3 to make it an even number.Originally posted by oxford mushroom:What's there to protest about? It has to be compulsory for the scheme to work.
If it is not compulsory, the well-off who have plenty put aside in investments for old age may well opt out, leaving the poor who have very meagre savings in the system. And of course not everyone will live to be 85. It is the richer contributor who dies at 60 and does not benefit a cent from the scheme who subsidizes the poor man with hardly a few hundred dollars in his CPF who lives on beyond 85.
Insurance companies are not charities. If you have a smaller base of contributors drawn mainly from the poor, the annuity payouts will be much smaller.
If everyone lives to be 89, then we can only expect to have much smaller payouts, which may not be sufficient for us to live on. If most people die at 60 and only a handful lives to be 89, those few octagenarians can be assured of a decent handout and a comfortable lifestyle. Of course those who die earlier lose out and those who live longer benefit more. But if you die at 60, you won't need the extra cash anyway. -
I'll be working then... but I'll wear black...
I think it should be a whole island thingy...