The fallacy of supporting the old
The rationale for having more babies or more foreigners is to fit a retard economic formula that a country would need so many young heads to support an old head. It sounded logical and was logical before. And many people have been listening to this song for so long, and like all unthinking Sinkies, just keeping crooning this song without knowing that it is obsolete, or at least in present Sinkieland context.
The number of young workers needed to support an oldie is based on the assumption that the oldies would be jobless, retired, poor, penniless, and in most instances, retiring at 55 or 60. See the point? Most of these factors are no longer applicable here but with the blind leading the blind, it is still believe to be so. The whole economic and demographic structure of our society has been changed effective now. The old structure and its relevance may last for at most another 10 years and be history.
What is our new status? Oldies will work until they die, maybe 70 or 80 years. So really, don’t even need for minimum sum or CPF savings as they no longer retire. They work till the last day of their lives. There could be some exceptions.
They may be poor but not penniless. With the huge minimum sum set aside for their retirements, many will be financially richer than when they were alive. At 70 or 80, other than the huge medical and hospital bills, they are no longer able to squander their money with earthly desires and wild parties. Exceptions again for those who love mei meis or want to be emperors in Batam and Bintang. But with the delay and small payouts under the CPFLife schemes, there is no way they could empty their savings overnight.
And don’t forget, many of the oldies are filthy rich and could even offer to give to charities. Some have wealth that would last for generations after they were gone.
The formula for X number of young workers to support an oldie is irrelevant in modern Sinkieland. Wake up and stop talking cock. Most oldies will be financially independent and economically active for their whole life. No longer retiring at 55 or 60.
It is unbelieveable that this kind of obsolete logic and belief are being thumped to the people. The people maybe unthinking, but super talents cannot be unthinking. Otherwise the case of the blind leading the blind will become a reality.
The premises and assumptions for the old formula have changed.