Re: Lee Kuan Yew Is A Liar
- From: "Alex" <alex_kew@xxxxxxxxx>
- Date: 8 Jul 2006 20:40:14 -0700
I give an example.
Chia Shi Teck used about $700,000 of his CFP fund to pay for apartment.
His total contribution may be more than $800,000, including special
fund and medisave.
People in this category have insurance covers and other benefits. Do
they need so much money in the CPF ? The reason is the PAP government
wants more money so they can do more investment. The profit, they can
use as bonus to entice the voters to vote for them.
They should cap the maximum , say, at $500,000 or below.
For the minimum of $120,000, I think it is too much.
For the past 6 years, I spend only about $100 or less a month. So from
62 to 80, about 18 years X $100 = $21,600.
PAP government want to lock your money to do investment. They want to
control you. You are only geni pigs to them. They don't treat you as
This CPF thing has been debated for many many time.
People just do not take the whole system to learn it truely compare to the
I suggest those to learn from the ension system that American have. Many
ended up with nothing if they leave the job early!
"Alex" <alex_kew@xxxxxxxxx> wrote in message
You might be right.
Well, at least it is better then bank interest right?
<alex_kew@xxxxxxxxx> wrote in message
The interest from CPF is very low. But the government uses the CPF fund
for investment and the return is much higher.
If CPF uses our money to invest, our return will be higher. Instead PAP
uses the higher return to give cash to Singaporeans just before
election to bride them. Is this righteous ?
Lee Kuan Yew still maintains his 50% contribution CPF policy. Isn't he
stupid ? They promise to reinstall the 40% contribution in the 2001
election rally, but till now, they still haven do so. Instead they
reinstated the cut in ministers' pay. Don't you think they are liars ?
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