But why is the govt introducing such unbelieveable schemes to make the citizens pay and pay like it is desperate for money? The stock markers all over have fallen and a lot of billions must have been wiped out recently, easily 20% of any fund. But many of the schemes to collect more money from the people were conceived before the collapse of the stock markets so have nothing to do with the losses in equity investments. Anyway such investments are long term.
The Medishield Life, with a stroke of a pen everyone must pay from birth to death, to this insurance scheme must reap in a lot of money. How many insurance agents could sell insurance to 3.5m people in one go? That is not all. The CPF still demands the contributors to top up a Basic Healthcare Sum of $49,800 to be locked up for life. If 2m members the sum will come to be nearly $100b of the CPF contributors money stuck in the Scheme. For what and for who?
And that is not all. Citizens who are living overseas, paying their own insurance schemes overseas, some may not even return and been overseas for decades, must also contribute to the Medishield Life Insurance Scheme! Like this, you think desperate or not? Many of our citizens may not even return here to benefit from the Medishield Life. Why must they be made to pay for it, for life? There are many children born overseas by parents that are PRs to their host countries. These children who are still Singaporeans, must also pay for Medishield Life without stepping into the island. Like that, right or wrong? Can or not?
And they taking away free parking in schools from the teachers? What about the police and soldiers in the camps? What about grassroot leaders having free parkings, want to take away also? In remote corners of the islands, more and more of such parking spaces would be turned to pay parking.
What do you think, desperate of not?