Singapore needs more reserves
This is the view of Goh Khee Kuan who wrote to ST forum. In his view he felt that the current reserves will not be enough especially when the Artic ice melts. We need billions to built dykes to keep out the water. And more, if no ships come a calling, we need more reserves to develop new infrastructure and new businesses. He forgets to add what if a meteor strikes the island. We need to built a defence shield against the meteor strike. In the same kind of thinking, the CPF savings by the members are not enough. What happen if they are struck by life threatening illnesses and need to be hospitalised? The bills will come in hundreds of thousands. And the artic ice will mean that their lower floor flats may not be liveable. And inflation risk! They probably need to set aside something like a million each for year 2050. We need to plan for the future and save even more.