Can one call the CPF a scam, or is there a better word to describe this scheme if it is not a scam? Can someone find a more suitable word instead of calling it a scam? It is definitely a big controversy over what it is and what it is not. It is in many ways like a mirage, like real but not real, like your money but not your money.
When we started joining the CPF scheme, I belong to the pioneer generation, things were very simple. Put aside some money as a saving for retirement. At 55 one will get every cent in the CPF account and nothing more to do with the CPF.
I just signed onto my account in the CPF and to my horror, I still owe the CPF several hundred thousand dollars, from housing loan, interest on housing loan and funds taken out for investments. Hey, I have passed the withdrawal age many aeons ago and should be getting every cent out from my CPF savings. I do not want to have anything to do with the CPF. Why am I owing money to the CPF or owing money to myself? What kind of trickery is this?
And why should I be owing money due to interest on my housing loans, fully paid, when it is my money? Should not my account be clean u, closed, leaving at most only the ransom that the govt has passed as law to hold on to my money, refusing to return to me fearing that I may squander them in Batam? What ransom? Oops, sorry, I mean the minimum sums that I cannot touch, and now not even sure if they are my money. Some people said money cannot use or not use is not your money.
Singaporeans are so daft that they did not know the money they saved in the CPF is their money, or is it the govt’s money? When an NMP said it is not the people’s money, nearly the whole Parliament nodded in agreement without anyone standing up to say she was wrong, that it is not the govt’s money but belong to the people that contributed as their life savings. Is this an implicit agreement that what the NMP said was true? Is this morally right to turn the people’s sayings into something else? And the daft kwai kwai let the govt decide what the govt wants to do with the money. They have no say to their own savings! And another compulsory scheme is on the way, to use the people’s life savings as if it belongs to the monkey proposing it.
My dream is for a new party to come into power and remove all these unjust and unfair laws to keep the people from accessing their money saved over a life time. This thing must be stopped one day and the money be returned to the rightful owners. No amount of ‘conmunication’ can change the fact that the money belongs to the people that contributed them. Monkeys, please keep your fingers off the people’s money.
This is uniquely Singapore. Communication should be spelt ‘conmunication’.
And the best part, at my age when I could be called to meet the maker any moment, I still have to contribute to my CPF in Medisave. What shit is this? Is this a kind of robbery from the oldies? No, no, it is compulsory, the law said so. It is legal. Not sure if I got the spelling right for the word legal. Then what is robbery? Robbery is the law did not say so.