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7/02/2007

Too much caring

Anyone who is working, irrespective of his age or income or wealth, must contribute to Medisave and CPF. This is good for them. For by the time they reach the elusive withdrawal age, not likely to be a fixed number, they can withdraw a few hundred dollars a month from their CPF to pass the day. And very wealthy people like our millionaire bankers, property owners, ministers etc will benefit from this withdrawal, to keep them going on their retirement. How nice. I am sure people like Ong Beng Seng and Wee Cho Yaw or Quek Leng Beng or Ng Teng Fong would be very grateful. Their retirement pocket money is well conceived and protected. They will not run out of money. Straight jacket?

1 comment:

Matilah_Singapura said...

No it is not good for them. CPF and MediSave are simply TAXES. They do NOT protect people in the long run