6/18/2014
PRs versus citizens – taking a cue from Jeff Cueller
‘Yahoo! Finance Singapore, 17 Jun 2014
What enrages you more? The fact you can’t cash out your CPF account unless you renounce your citizenship, or that Singapore PRs can withdraw all of their CPF funds And HDB sales proceeds with them when they leave Singapore.
Understandably you’re pissed off because it’s not fair that someone from another country cant take part in your social security program(CPF), use it as a glorified savings account, and withdraw all of it when he/she moves back home.
Let’s not forget the property issue as well. A PR flipping his/her property before leaving Singapore can easily make several hundred thousand dollars – more than enough to buy a huge landed property in 75% of the world.’
And to cap this with a little more icing, PRs that have withdrawn their CPF could return to work and start the whole process all over again. And the Sinkies are banging their heads against the wall, crying and begging for the return of their life savings locked up in the CPF. Why PRs are so privileged and citizens are not?
What Jeff Cueller did not mention are the advantages attached to citizenship, like the minimum sums schemes in the Medisave and Retirement Accounts. The Govt is so worried that the citizens would squander their life savings away if they allow for premature withdrawal and thus depriving the citizens the orgasm they duly deserved for staying in for the full duration. This satisfaction is not extended to the PRS. The PRs can take out prematurely and miss all the fun or they die their business. The PRs think they are very smart. The Govt is only thinking of the good of the citizens, to ensure that they will all retire very rich, if they ever retire at all. The PRs are likely to end up poor by squandering their CPF savings in the casinos or in Batam and Bintang. If Sinkies were to squander away their monies, the Govt would have to help them out at least with hawker food.
Many citizens are so enthralled by this great saving schemes that they do not mind keeping their money in the CPF to feel rich and safe, with no fear that their savings will run away. Oops, many mean 60% who are strong believers of this great scheme and are happy to leave their savings there forever. Jeff Cueller is misinterpreting the values of PRs versus citizenship.
Kopi Level - Green
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PAP Chicken Joke
-------------------
Q: Why did the chicken cross the road?
A1: It was the only way for the chicken to get his hands on his nest egg.
A2: After 50 years of hard work and mindless sacrifice, even the daft chicken wanted a change of regime.
The chicken was going to join an opposition party.
THE GREATEST LOST BECAUSE OF CPF?
CPF locked up scheme is not very wise move?
It curtailed the people entrepreneur spirit locking possibly their only fund?
If worry people use up all the money, let people withdraw up to 50K cash at 55, the rest leave it to 60 if show they still have sufficient reserve let them withdraw all the money?
For the old to enjoy take care of their grand children, they want to work or don't want to work is another thing?
In today massive influx of foreigners and China opening up, as a person grow older it is more difficult for him or her to find a job?
So those who had more money should enjoy their golden years, let those who more need the money to work?
Want everyone to extend their working life at pressure to already strain workfore?
Over savings cause serious problem to economy, as not enough money flow to the economy?
There is no on size fit all, or policies that cast in stone?
The CPF locked up scheme could causes the ruling party the greatest lost in votes, coupling with other issues like immigrant and cost of living?
The margin of error or they can afford to lose already getting lesser and lesser, with cheaper and cheaper mobile internet?
A ten percent swing of votes like the Punggol East By Elect, could wipe all those SMC and GRC more then 75 percent of the seats gone to opposition, and Singapore to have coalition parties like the small advanced countries?
Presently the hold 80 seats, they could left with 23 seats in the coming election? The opposition could hold 64 seats or 75 percent of the seats?
The CPF issues is closest to people heart, can be seen by the greatest Singapore protest under the hot sun in Hong Lim?
This money is they save 37 percent every month for 40 years of slogging, if it delay till 70 years old?
Mean estimated 80 percent of the population unlikely to reach 70 and above, not chant to spent their hard earned money?
2016 is the crucial moment maybe for those who want their CPF back?
"Oops, many mean 60% who are strong believers of this great scheme and are happy to leave their savings there forever."
RB
No lah, many mean 60% are very scared that when the opposition become govt, the new opposition govt announce that there are no money left in the CPF! And not their fault, OK?
Hahahahahahaha.
PRs who have taken their CPF cannot work here again.
Ya hor, if the newly elected opposition govt found out and announce that there is no more money left for Sinkies, then how?
This scenario will be even much worse than what is happening under PAP now, tio bo?
SO don't anyhow play play by voting opposition hor.
Don't be a Sinkie. The money in your CPF is yours and no one shall decide to keep it from you or ration how much to return to you.
The money must be returned to the owners at 55, every cent. If the owner decides to keep some in the CPF, it must be voluntary, his choice, not the govt's choice, not the choice of some little boys and girls or some immortals.
The Government is doing a big favour to the lowlife scums, safekeeping their retirement small change. Do you hear those with high dignity of more than a million per year cow peh or begging back their money to spend? If the government do not hold back their monies, the lowlifes would dream of retirement unlike the dignified father and founder of Singapore who is still working in his nineties while having a pension to draw upon.
Saycheese
PAP Chicken Joke
-------------------
Q: Why did the chicken cross the road?
LUI TUCK YEW
The chicken could smell the alcohol across the road and wanted some for himself.
LEE HSIEN LOONG
The chicken did not want my "mee siam mai hum" anymore.
Keep voting for pigs and sinkies all will end up have to beg for their own money to return to them whereas prs come here, make good money, replace sinkies in jobs, education, transport , heathcare and no need ns etc. the 60% must learn to wise up soon and vote with eyes open.
Jeff Cueller
Who is this great man / worman?
He wrote the article in Yahoo, quoted in the first few paras.
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