While the govt keeps shifting the goal posts, the daft Sinkies, would you believe it, are resigned to the fate that their CPF savings are as good as gone, a given thing, a fait accompli sanctioned by new regulations!
Everyone enters the CPF scheme at a specific time with a list of accepted and agreed conditions and state regulations. The govt must honour them, or can it suka suka introduce new laws and apply them retrospectively like some unpredictable third world countries? The contractual and legal terms existing must continue to be applicable to the original parties. Any new rules, legislation should only be applicable to subsequent parties coming into the scheme. Failing to do so is unfair and unjust to the affected parties.
Of course the govt has all the power, laws and machinery to do as it pleases. It can introduce anything in Parliament and make them effective with little regards to the interests and feelings of the affected parties. The govt is the law. And this is democracy. The people elect the govt to rule over them and do whatever the govt claims to be good for the people. And the people cannot do anything or blame the govt for it. The people ask for it by voting the govt to be their masters and deserve everything they get from the govt.
Having said that, the human beans, no matter how daft, know that there are things called justice and fairness. What is yours must be yours and not belong to other people. No govt can cheat all the people all the time. Thinking that the people are daft and can be taken for granted will only last for a while and the people will wise up to know what is good or bad for them. A good govt will always have the people behind it. A bad govt will be sent away in due course.
What were the original agreements in the CPF Scheme?
1. It is the people’s savings and the money belongs to the contributors
2. There is a fixed date for complete withdrawal
3. There is a regulated interest rate to be paid
4. There are some rules and guidelines on how the savings can be used.
Changing these rules without the people’s consent is a breach of faith, is it not?. Sure, the people cannot do anything about it except to feel pissed off and pui pui all the time. And they will continue to vote the govt to power, trusting the govt to do good, even changing all the rules regarding their life savings and planning when they can or cannot use them.
And this will not change comes 2016. The people will continue to support the govt as they believe the govt is doing everything that is good for them, except for some who will continue to pui pui. And the people are so happy looking at how their savings are growing day by day. They can also bring their CPF statements with them one day, and rest in peace.
Does the govt really think that it can go on and on messing the people’s savings as it like and the people will continue to vote the govt into power to repeat the story forever?