tag:blogger.com,1999:blog-17473688.post4250961418209590401..comments2024-03-29T22:11:27.145+08:00Comments on My Singapore News: What charity or charity from who?Chua Chin Leng aka redbeanhttp://www.blogger.com/profile/11743716923635835397noreply@blogger.comBlogger22125tag:blogger.com,1999:blog-17473688.post-79552274238462163792009-06-12T11:29:56.092+08:002009-06-12T11:29:56.092+08:00You are absolutely right but I would add a word of...You are absolutely right but I would add a word of caution for our more gullible peers:<br /><br />1. Never be fooled by all the sweet talk and compliments that you are a "Don Juan". As far as they are concerned, you can even be the hunchback of Notre Dame for all they care, if the money is good.<br />2. Be aware that you are not the only man splurging on her. There could be as many as Wally Buffethttps://www.blogger.com/profile/15310530661689310446noreply@blogger.comtag:blogger.com,1999:blog-17473688.post-58264976970881288132009-06-12T10:52:02.338+08:002009-06-12T10:52:02.338+08:00i don't think we should dismiss those uncles w...i don't think we should dismiss those uncles who spent their monies on their desires. we throw our monies in different things as long as we are happy doing it. some call it indulgence, some hobbies, some squandering, some as past times.<br /><br />we need to make ourselves happy now and then, pamper ourselves a little.<br /><br />did you get your digicam, willy?Chua Chin Leng aka redbeanhttps://www.blogger.com/profile/11743716923635835397noreply@blogger.comtag:blogger.com,1999:blog-17473688.post-24298538103625888032009-06-11T20:12:40.493+08:002009-06-11T20:12:40.493+08:00Hi Lost Citizen,
However large AIG was, it is sti...Hi Lost Citizen,<br /><br />However large AIG was, it is still a corporation. We are talking about Sovereign Credit Rating ie Credit Rating of a Country.<br /><br />In my humble opinion, the CPF has served us well. Had there been no such scheme, I doubt I would now have the little modest roof over my head to shelter me from the scorching sun. Grrrrh!<br /><br />No worries. Even if my little Wally Buffethttps://www.blogger.com/profile/15310530661689310446noreply@blogger.comtag:blogger.com,1999:blog-17473688.post-86993289491542164802009-06-11T20:05:07.625+08:002009-06-11T20:05:07.625+08:00Hi Kaffein,
"Medical? You must be joking.&qu...Hi Kaffein,<br /><br />"Medical? You must be joking."<br /><br />Sorry, I lost you. Pray explain?<br /><br />"Now there are rumors that the interest gained in CPF may actually dip. Because somebody's wife played in the stock market and got burnt. We are paying for the mistakes."<br /><br />Not so. Please read article on Page B8 of today's Straits Times. You will get Wally Buffethttps://www.blogger.com/profile/15310530661689310446noreply@blogger.comtag:blogger.com,1999:blog-17473688.post-20414701636736412372009-06-11T15:19:42.937+08:002009-06-11T15:19:42.937+08:00With Wally's confidence in the CPF I will tell...With Wally's confidence in the CPF I will tell my kids, friends and relatives to sleep soundly at night. I hope I am right.<br /><br />Hey, didn't they say AIG (among other big institutions) could never collapse. Of course it did not, and that is because the US Government says it is too big to fail, so they prop it up. I hope we also have people who believe in the 'too big to fail'Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-67320458168172388952009-06-11T14:00:36.628+08:002009-06-11T14:00:36.628+08:00Wally Buffet wrote:
"CPF is actually forced s...Wally Buffet wrote:<br />"CPF is actually forced savings. You can use it for housing, medical and approved investments..."<br /><br />Sorry I disagree. It is never a savings because the factors against it usually bring it below par. It does not grow with inflation, you are stuck with the interest determined by the government.<br /><br />Not only, factors like land cost in building HDB Kaffeinhttps://www.blogger.com/profile/11958784896341738588noreply@blogger.comtag:blogger.com,1999:blog-17473688.post-86741199211406814242009-06-11T07:37:12.842+08:002009-06-11T07:37:12.842+08:00As a further reassurance to you, the chances of th...As a further reassurance to you, the chances of the CPF going bankrupt is as good as your HDB apartment block collapsing. That's how remote it is.<br /><br />In any case, either one of the scenario means that your money is gone because in Singapore, your money is either "invested" in your HDB apartment or the CPF.Wally Buffethttps://www.blogger.com/profile/15310530661689310446noreply@blogger.comtag:blogger.com,1999:blog-17473688.post-64076896679723296162009-06-11T00:13:04.517+08:002009-06-11T00:13:04.517+08:00If it is of any comfort to you, Singapore still en...If it is of any comfort to you, Singapore still enjoys a Sovereign Credit Rating of AAA a rating enjoyed by only one of the G7 countries. <br /><br />And I put my money where my mouth is. Although I am fully entitled to withdraw my CPF, I think it is safer and yield more if left where it is rather than depositing it in a bank.Wally Buffethttps://www.blogger.com/profile/15310530661689310446noreply@blogger.comtag:blogger.com,1999:blog-17473688.post-61312008104535285382009-06-10T15:57:45.744+08:002009-06-10T15:57:45.744+08:00CPF savings help to pay for housing, medical and i...CPF savings help to pay for housing, medical and investments, no questions about that.<br /><br />The big question everyone is asking and afraid to know the answer is, is the money still there and sufficient to pay those reaching 55 years old (not that there are many who can withdraw large amounts). <br /><br />If not, will they think of further schemes to prevent people from withdrawing until Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-14303447489829320242009-06-09T23:06:00.043+08:002009-06-09T23:06:00.043+08:00like we have the biggest tontine operator in the w...like we have the biggest tontine operator in the world. 12b guaranteed deposits per annum for peanuts ROI. and wow, a brillant deferred repayment scheme, to postphone repayment.. like forever?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-78485253878995750952009-06-09T17:53:50.448+08:002009-06-09T17:53:50.448+08:00Hi Kaffein,
CPF is actually forced savings. You c...Hi Kaffein,<br /><br />CPF is actually forced savings. You can use it for housing, medical and approved investments. Without CPF, the public housing scheme in Singapore would not be as well developed as it is now. CPF helps to pay for the two main concerns which is housing and medical. If you are investment savvy, you can enhance your CPF balance. Without CPF, many households would be hard Wally Buffethttps://www.blogger.com/profile/15310530661689310446noreply@blogger.comtag:blogger.com,1999:blog-17473688.post-21730083190454684282009-06-09T16:26:39.748+08:002009-06-09T16:26:39.748+08:00Yep. Wealth redistribution, by a central-all-power...Yep. Wealth redistribution, by a central-all-powerful-monopolistic agency.<br /><br />Don't forget corporate welfare. People moan and groan about the welfare state and how the useless needy people get money for being fucked-up.<br /><br />Well folks, that is peanuts compared to the welfare queens of the corporate world. Fucked-up companies are bailed out, executives who have run the company Ⓜatilah $ingapura⚠️https://www.blogger.com/profile/02652498247201967379noreply@blogger.comtag:blogger.com,1999:blog-17473688.post-91853891543785391312009-06-09T16:19:30.010+08:002009-06-09T16:19:30.010+08:00ok, now i understand you and the govt. after givin...ok, now i understand you and the govt. after giving away hundreds of millions, the govt is honest to say that all these are not charity, we are not a welfare state. make sense. the money is the people's money and only returns back to the people or taking from those who don't need it to pass it to those who need it. like robin hooh huh.Chua Chin Leng aka redbeanhttps://www.blogger.com/profile/11743716923635835397noreply@blogger.comtag:blogger.com,1999:blog-17473688.post-36598814840081366632009-06-09T16:03:34.295+08:002009-06-09T16:03:34.295+08:00Simply put:
The govt takes money. It may give mon...Simply put:<br /><br />The govt takes money. It may give money (redistribute) — i.e. the money it took from X and gives to Y, but that act of giving is NOT charity.<br /><br />By writing what you wrote:<br /><br /><i> > one may want to ask what charity and where were the money coming from? < </i><br /><br />... you are making the ASSUMPTION that whatever the govt gives out is CHARITY.<br />Ⓜatilah $ingapura⚠️https://www.blogger.com/profile/02652498247201967379noreply@blogger.comtag:blogger.com,1999:blog-17473688.post-42751200597267157182009-06-09T15:59:30.550+08:002009-06-09T15:59:30.550+08:00It would help if you provide more information on w...It would help if you provide more information on what it is <i>specifically</i> you require explanation/ interpretation on.Ⓜatilah $ingapura⚠️https://www.blogger.com/profile/02652498247201967379noreply@blogger.comtag:blogger.com,1999:blog-17473688.post-52685451455255729082009-06-09T15:59:24.410+08:002009-06-09T15:59:24.410+08:00matilah, this time you are too cheem for me too. i...matilah, this time you are too cheem for me too. i also catch no ball.Chua Chin Leng aka redbeanhttps://www.blogger.com/profile/11743716923635835397noreply@blogger.comtag:blogger.com,1999:blog-17473688.post-34649862840331860432009-06-09T15:57:22.909+08:002009-06-09T15:57:22.909+08:00This comment has been removed by the author.Ⓜatilah $ingapura⚠️https://www.blogger.com/profile/02652498247201967379noreply@blogger.comtag:blogger.com,1999:blog-17473688.post-77313390894837096562009-06-09T15:51:48.964+08:002009-06-09T15:51:48.964+08:00Can someone explain or interpret?Can someone explain or interpret?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-41862674446130007312009-06-09T15:48:26.825+08:002009-06-09T15:48:26.825+08:00redbean, I think you are confusing your definition...redbean, I think you are confusing your definitions.<br /><br />The govt (the territorial agency which has a <i>monopoly</i> on taxation) cannot give charity. This conforms to the law of identity: 'A is A'<br /><br />...unless you live in your own universe where A can be A and Not-A at the same time, which would definitely not allow your computer to work (Boolean logic will not work, and Ⓜatilah $ingapura⚠️https://www.blogger.com/profile/02652498247201967379noreply@blogger.comtag:blogger.com,1999:blog-17473688.post-39832118820922379342009-06-09T15:39:46.558+08:002009-06-09T15:39:46.558+08:00I've told many people that CPF is actually a t...I've told many people that CPF is actually a tax. Very few believed. The return of the tax you pay to the government is so little. No safety net, no public health service, etc. The losers are actually Singaporeans themselves.<br /><br />KaffeinKaffeinhttps://www.blogger.com/profile/11958784896341738588noreply@blogger.comtag:blogger.com,1999:blog-17473688.post-18666348412444373482009-06-09T10:57:14.098+08:002009-06-09T10:57:14.098+08:00Charity begins with self !
And ends at home !!
T...Charity begins with self !<br /><br />And ends at home !!<br /><br />Take care of yourself and your families and You will not need charity and so will other families !!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-79096085696638760782009-06-09T09:10:09.334+08:002009-06-09T09:10:09.334+08:00On a macro level, this is how the economy works. T...On a macro level, this is how the economy works. The government cannot give something that has not already been taken away from you in the form of taxation, direct or indirect, levies, duties etc. The difference between good governance and bad is how the surpluses are deployed for the benefit of the people. On a scale of 10, I give this government a 7. Those banana republics around us? A 3 or at Wally Buffethttps://www.blogger.com/profile/15310530661689310446noreply@blogger.com