CPF not the only way in retirement plans

For those who have been following the public discussion on the CPF schemes and how it should be tweaked into a better system must be very assured of how good the improved version 1.01 would be, or must be. The experts have them all worked out. The new system would be carefully structured and calibrated to apportion the CPF savings for retirement, for medical, for emergencies, for sudden short of funds, and for the savers to retire comfortably with no worries.

I would not hazard to guess how much one would need to put into the CPF to have peace of mind and no financial worries in the golden years. And it would likely have to prepare the people to save enough to live till 100 years.

All this sounds so good. The main assumption is that the people can afford to save all the money they need to save. Question, what about those who cannot afford to save? What about those who don’t even have enough to meet their daily needs?

There is also this tussle between saving enough to retire and live comfortably or a scheme that treat the CPF as one of many other provisions for old age, and that a compulsory scheme should only dictate one to provide for the minimum or basic needs. Even the Medishield Life which I thought was on the right track in providing for the basic coverage, there are people, rich people, who wanted the Medishield Life to provide for B1. If this is an upgrade for those who are able to pay for more, it is fair. If this is used by the rich for their rich nees, and used as the premise for computing the premiums for all, then the not so rich would end up sharing the cost of the rich.

I still think that such compulsory schemes should be designed to cater for the lowest denominator, the basics while the extras should be an options for those who demands for them and able to pay for them.  Do not make the poor pay for the fancies of the rich in a public compulsory scheme. And the CPF must not be thinking of becoming the only means of savings and thus must be loaded up for a comfy retirement for the rich. People have many other ways to provide for their retirement and CPF is not the only way. Do not impose a savings schemes on the people that cannot afford to have one. And do not make the CPF the mother of all savings schemes to provide for everything under the sky. Not many can afford such a comprehensive and rich scheme, or need such a scheme. Many would rely on family support for their golden years and even regard the CPF as superfluous.

There are many roads leading to Rome.

Kopi Level - Green

Selamat Hari Raya Aidil Fitri

While the Muslims here and the rest of the world are celebrating the end of Ramadan, the killings of the Palestinians continue in Gaza. More than 1,000 Palestinians have died in this new violence after three Israeli boys were killed in West Bank. Where were the Western human right provocateurs and govt when they are needed to put a stop to this slaughtering of the civilians? Killing Palestinians is ok

The Israelis are in total control of the West Bank and Gaza and with overwhelming superiority in fire power, they would use them happily and readily with no hesitation. There is no inhibition on the part of the Israelis as no Arab country could do anything, and no Western country will lift a finger to stop the killings. And any Arab country that dares to intervene would only incur the fury of the Israelis and the West. It is a one sided sideshow that is allowed to go on unrestrained. The Western powers would simply look the other way, and the only power that could restrain the Israelis has little reason to do so.

The Palestinians, their lives and their right to live as ordinary people, were abandoned by the West the day they moved the Jews into their land. They could only cry and cry but helpless and powerless. So were the Muslim countries as the world’s Number One superpower would not allow anyone to come to the aid of the Palestinians. Obama might shed a few crocodile tears as if he bothers, to make a show of it. Most of the time the Americans would act so civilise, please talk, no military intervention like they did in Iraq, Libya, Syria and elsewhere, to do anything but forcing the Israelis to stop. They have been ‘wayanging’ for the last 70 years. And the daft Arabs and the Muslim world are still placing hope on the Americans and the Western powers to save the Palestinians. They never learn, they did not know who is the real devil behind the killings.

This must be the biggest joke of the century. Would the West spare a thought for the poor Palestinians? Oh, why should they? The Palestinians are the bad guys, the Israelis are the good guys. Didn’t they kill 3 Israelis boys? The revenge killings of more than a thousand Palestinians did not make the Israelis the bad guys. And good guys will only support the good guys.

If only the balance of military power is not one sided, the Israelis would not be so trigger happy to strike. They knew that they are in control and it is up to them to dictate, to attack or not to attack the Palestinians, to kill or nor to kill the Palestinians.

Would anyone wish to send best wishes to the Palestinians in the equivalent of Hari Raya Aidil Fitri? Power is right, might is right. If the Palestinians want to live a decent life, they have to be as strong as the Israelis, but that is not going to happen with the Americans and the Western powers on the side of the Israelis. They would not allow the Palestinians to be military strong to take on the Israelis.

More protests at Hong Lim on Gaza killings? Would there be justice for the Palestinians? Who decides? Who is behind it?

Kopi Level - Green. Thank you everyone.

CPF - If they spend all their savings then how?

Heard Chuan Jin using this same argument again at the CPF forum. So? Is this an acceptable reason for the govt to hold back the people’s life savings? Many people would not have enough savings in their CPF anyway. This is a normal scenario in all countries. But very few would be so desperate to need govt handouts. So?

Whether people spent away their life savings prematurely, many would not have anything left or enough to feed themselves past 70 anyway, is a different problem and a different matter. Many would have other means and sources of income to keep them going. And for those who don’t have any money left, not necessary squandering their CPF savings away, as they just did not have the means to save enough, not clever enough to earn millions, what is the govt going to do about them?

Just because some people have some savings in their CPF, does it mean that the govt can grab hold of this money on the excuse or pretext that they would spend them and would have nothing in old age? How many have the good fortune to have enough savings to last through their lives?

What is the govt going to do with people that have no savings and still need to live on? These are stupid people, irresponsible people, they deserve to starve to death? Smart people and responsible people may also end up in such a situation through a stroke of bad luck or misfortune.

It is not a reason or a good reason for the govt to hold on to the people’s money in the CPF on the ground that they people would spend them and left with nothing. Many would spend them, for the right or wrong reasons. So? Is this a justifiable reason, morally and ethical reason to hijack the people’s savings, all the people’s savings, because a few may need help? Even God would not have the audacity or arrogance to make such a decision, to take the people’s money away from them.

Life is not so simple as one would expect it. Save, save a lot, be thrifty, be responsible and you will be alright. Some of the super talents and millionaire ministers may end up bankrupt and needing govt assistance one day.

What is the problem with the govt’s justification to withhold the people’s life savings, to manage it at its own discretion, without needing the consent of the people, the owners of the money?

What is the govt going to tell those who would not live past 65 or 70 and did not have the chance to spend their life savings to live a few good days or a few good years. There will be more who would not benefit from their life savings due to premature death than the few who would need govt assistance.

Please tell the people it is your right as a democratically elected govt to do such a thing.

Kopi Level - Red. Where is everyone?

World of Internet Brigade revealed

‘Much has been mentioned within the internet about the existence of the PAP Internet Brigade (a.k.a “PAP IB”), but few know how this secretive group operates, and who their puppet-masters are. The Singapore Hall of Shame (SHS) was given exclusive access to their inner workings thanks to one of their former members; Agent Kelly.

My Compass

The SHS plans to publish a series of articles, shedding light on their structure, their identities, and their methods. As a start, we explore the secretive Facebook Group, “My Compass”.

There are 4 “My Compass” administrators whom co-ordinate communication strategies for 260 members. Access to this by invitation-only group, is via recommendations of existing trusted members.

  

Upon receiving instructions by the administrators, unquestioning members spring into action to counter unfavourable chatter forming against PAP members or its linked entities. They operate in large numbers with the primary objective of drowning out negative comments and derailing the discussions on the internet.

In addition, they also monitor Facebook activities of opposition parties, and call for reinforcements to help counter statements that are critical of the ruling party. On mundane days, typical actions including like-ing the FB pages of the PAP MPs to boast the popularity of MPs. Some of their communications and actions are captured below:’ This is part of an article posted and reposted in several sites in the social media.

A people’s initiative, spontaneous, not financed by any body. What does this mean? On one side there is a group that is financed by a powerful organization, not sure if they are paid, to attack other bloggers and stirred shit in the social media. This is a very unethical thing that no respectable people will do, and no respectable organization will support and finance.

On the other side, there is a group of vigilantes formed by the people to defend those people being attacked. There is righteousness and high moral ground on the side of this group of people to defend justice against rogues and mercenaries out to harass and unnerve innocent people.

With these two groups of people engaging in battle in the social media, who would likely to be respected by the masses? Who would look like the evil doers, the despicable and the shameless?

The Singapore Hall of Shame group is like the freedom fighters taking on the gangsters. It would really be nice if they could expose the rogues and shame them in public. They would bring disgrace to their families if they are made known to be engaged in such hideous activities against their fellow men. And if they can be linked to whatever organizations, it will look ugly and embarrassing no matter how they denied their associations with such unethical practices.

Would the presence of the SHS bring about the end of such dubious activities in the social media or at least restrain their masters from going all out to embarrass themselves thinking that they could get away with it? The internet is very transparent despite the veneer of anonymity. All activities can be traced, by both sides.

Kopi Level - Green

SIA was just so lucky

According to all the information floating around, an SIA plane, ‘SQ 351 was 25km or just 1min 40sec behind MH 17 at 777′s cruise speed of 905km/h’. Whew! I doubt the rebels were monitoring the IFF or transponders codes the aircraft was sending out. Why did they shoot at MH17 and not other aircraft? One theory, they were aiming at Putin’s aircraft that was expected to be there about the same time. If that was the case, it could not be the works of the rebels as they are pro Russians. Here’s the Freudian Slip.

If it was the work of the rebels, and if they have IFF equipment, it is unlikely for them to want to shoot down a Malaysian aircraft. Malaysia is on friendly terms with the Russians. Any agency with IFF capability would know what they were shooting at and could decide otherwise. For any agency knowing that it was MH17, and to shoot it down, it must be done on purpose.

The other scenario that they just shoot at anything that was moving without knowing what it was could be a possibility. But would the culprits, whichever party, be so reckless to shoot at anything that moved and risked shooting down a friendly aircraft? It all points to the possibility that the culprit knew who they were shooting at.

If it was pure chance, trigger happy reckless rebels that did not care what they were shooting, what the hell was going on, then SIA was just sooooo lucky and MAS was just soooo unlucky. This is not a mindless and purposeless war, anarchy, with everyone was just shooting for the sake of shooting. No, do not think the people involved are stupid, did not know what they were doing. Give them some respect and credit for knowing what they were doing.

Could such a decision to shoot down an aircraft, possibly a civilian aircraft on a know flight corridor be made without thinking, without knowing what aircraft it was? The people with an agenda would want the world to believe what they want to make out of it.

Like the sinking of the Choenan, who would be blame for the downing and who would gain from it? These may give some idea as who could be behind it.

Kopi Level - Green