The govt seems to be very comfortable with all the changes introduced to
hold back the people’s life savings in the CPF. I must admire the
govt’s confidence that the people will go along, albeit some kpkb, but
nothing will happen. And it is all up to the govt and the CPF account
holders are just hapless daft Sinkies that cannot do anything to protect
their life savings. I am not going to say how far more or what else
would break the camel’s back. In m view the back has been broken and now
it is a matter of how the people will react to this violation of their
life savings.
All the excuses and forced reasons to keep the people’s savings have not
gone down well with the people. The majority does not believe any tiny
wee bit of what was thought as good and logical reasons. No way. Even if
the people are daft, they will not be so daft as to have their life
savings snatched from their hands when they badly needed them. Does the
govt really feel so confident that everything is fine?
The first red line that was crossed was the change in withdrawal date.
The others were the Medisave Account, the Minimum Sum Accounts, the
Retirement Accounts, Special Account and the latest, the Medishield Life. It was full
withdrawal in cash at 55 with none of the abovementioned. The
incremental changes introduced over the years have practically changed
the CPF into something else. The CPF is the people’s savings, not a
Charity to the govt, not a Pension Fund of the govt. How audacious for
anyone to think he can meddle with it like it is his own money or his
grandfather’s money?
How could the govt think that it can do all these things and get away
with it? The number of oldies affected by these changes will grow daily.
And so will be the anger. No? The people have no choice. We the govt
will decide what to do with the people’s life savings. We will decide
how to make use of the people’s life savings, like it or not, like
compulsory payment to CPF Life and Medishield Life. We will change the
rules whenever we, the govt, find it prudent and necessary to do so,
according to what we think should be done. Your money?
The govt can think that way, can do as it likes. The people, the owners
of their life savings would also be thinking how to get their money
back. And if voting out the govt is what it takes to get back their
money, they will do so. Don’t count on it that the people are hapless
and daft and will willingly allow the govt to hold their life savings
for as long as it wants and to do as it pleases. The govt has breached
the trust of the people by not returning the money to the people at 55.
Now it is so hazy as to how much and when would the people be able to
get their money back in full.
When would be Judgement Day?
Kopi Level - Green
from Leong Sze Hian's blog
ReplyDeleteMake sure you use the right CPF Nomination Form,
or your CPF goes to nominees’ CPF!
http://leongszehian.com/?p=8740
"And if voting out the govt is what it takes to get back their money, they will do so."
ReplyDeleteRB
Hahahahahaha.
If they will do so, they would have did it in 2011 already!
Not only did they not do so, they even gave PAP a respectable 60% vote which in turn, through the GRC system, a solid 93% seats in Parliament! And mainly because the opposition is not ready to be govt.
So assuming the opposition is still not ready, why would the outcome be any different next election, u tell me lah?
Tiok.
ReplyDeleteIf PAP or Sinkies had wanted to do anything or make things happen, they would have already done it and make it happen in 2011. No need to wait for 2015/2016.
Hold back Sinkie CPF savings? It had already happened in 2011. And will it continue to happen?
Opposition ready to be govt? Did it happened in 2011? Will it happened in 2015/2016?
@ May 06, 2014 8:50 am
ReplyDeleteMake sure you vote Opposition on the voting slip or you may never see your CPF money ever again.
use the right CPF Nomination Form,
or your CPF goes to nominees’ CPF!
@RB:
ReplyDelete>> All the excuses and forced reasons to keep the people’s savings have not gone down well with the people.
Too fucking bad lah, eat shit and cry...because guess what: the worst is yet to come.
"Democracy is a pathetic belief in the collective wisdom of individual ignorance." H L Mencken
Meaning that if you are a blur-cock sheep, grouping together -- i.e. "united as one" -- with other blur cock sheep isn't going to improve things -- it'll just make things WORSE.
If you are not a blur cock sheep, getting together with the blur cock sheep of the cuntry is just simply FUCKING DUMB.
Ask mateelah whether is he the one who spend all his cpf withdrawal on those hot pinays and give garmen a chance to hold back our cpf:-)
ReplyDelete@1113:
ReplyDeleteI wish. Luckily, I still earn a small-time living.
Fortunately, I used the max of my cpf long ago to buy property -- long before these fuckers changed the law. Anyway, to me cpf is a TAX. Once you pay, forget about it lah. If you really want the lot -- because you still have the silly belief that the money is "yours", emigrate and give up your citizenship, and you'll get every penny.
Everywhere the gov in this world is holding on to people pension or provident fund by changing the rules of the fund. The gov has become the number one enemy and bully of the people. It is a very disturbing phenomenon. That may force many people becoming terrorists one day.
ReplyDeleteThink twice! Or thrice! They can't even manage a Town Council fund properly! You want them to manage your "life-money"??
ReplyDelete