I have to pick this issue up regularly to remind the Sinkies that the CPF savings are their money. No buts, not even legislation is allowed to take them away from you. I have read in many blogs and feel very embarrassed and shameful that Singaporeans are resigned to the fate that their CPF money is as good as gone, forever. Some meekly took the position that it is another form of tax. Please, do not allow that kind of mindset to let your money slip away. It is Ah Q mentality. When people slap you, try to rationalize it away as okay and meekly walk away pretending to be happy.
Just remember the obnoxious HDB housing policies, the wind down of the building programme despite the huge demand, the long wait, the runaway prices. If Sinkies have accepted them as given, can’t be helped, can’t do anything about it, these policies would still be in place and the Sinkies will still be taken for granted.
The same goes to their CPF money. Once Sinkies stop the fight, it will be the end of their money. The minimum sum will keep going up and up and away. If the Sinkies want the raiding of their CPF savings to stop, they have to start right now, together, to kpkb, to make sure that the govt heard you. All the money must be returned to their rightful owner by 65 at most. The senior citizens are not idiots or of unsound mind, not all. They can manage their money and know how to use them for their own benefits.
After 65, any money to be left in the CPF must be voluntary. And the govt can explain all the good reasons why the Sinkies should keep putting their money in the CPF and to encourage them with positive incentives like higher interest rates or whatever perks. It must be done on a willing party basis, optional. Is there such a word called ‘optional’? I think many did not know of its existence. The only word they understand is compulsory. No one must be coerced by legislation to be parted with their hard earned money.
After 65, life can be terminated at any time. Let the people decide what they want to do with their money. The govt has no right to do that. Legislation is force, is crude and ugly.
The minimum sum in the Medisave is another issue that is intolerable. It is as good as paying your medical fees in advance, in the tune of $30k when one may not even need it. It is a farcical reasoning. Not everyone wants to spend his money on expensive hospital bills to be alive and have nothing left, and become stragglers or crawlers to pass their meaningless living in oblivion. It is pathetic.
The raid on the people’s CPF must be stopped. And only the Sinkies can stop them. Never give up on your blood sweat money. You earned it and it must be yours to spend, to do as you please unless God says otherwise. No human gods should think they are wiser and can assume the role of God. Anyone supporting such a policy, to deprive the people of their hard earned money without good intention, better be mindful of what you are doing.