Annuity - Nagging questions
How many people will live more than 85 years? How many of them will be destitutes and need charity? Can the govt afford to pay $300 pm to these octogenarians? Why go to all the trouble to implement a scheme that is unpopular and will only benefit a very small number of people? Please don't give the crap that all these old people will be dependent on welfare. The bulk of the lost generations, the uneducated, penniless, homeless and unemployable will be over in 10 or 20 years. The generations after them are not so desperate. Most would have something to fall back on. Those who still have to depend on charity will be those that have nothing in their CPF for the govt of hold back and neither would they have any HDB flats. These will be the new dropouts of society, the drug addicts, the loafers, etc, a small minority. And people are working longer from now on. Why are we doing all these? The problem so serious?