I took the time to read the SDP plan on the CPF issue......and I like to say, I'm all for it.......
Hence, come erection, you know which box I'll be crossing out..........
On the surface, CPF is a good thing, but allowing it to be used for HDB purchase has directly numbed
most members over the years that their salaries are not paid enough for them to retire and this illusion
had allowed Ministry of Manpower to side-step the issue of minimum wage and equitable wage, because
after having used their CPF for HDB mortagage, many forgot that CPF is for retirement and they will have
to earn to pay for their home and if this was the case years ago, the working population would have woke
up to realize it is Money No Enuff years ago and would have questioned the gabment and ask why Money No Enuff
and yet the Ministars have their salaries pegged to millions and CPF continue to pay 2.5% interest when GIC and
Temasek Holdings register double digit returns on the members' CPF funds, yet we're paid a paltry 2.5% all these years
and with conditions attached too.
If this is not siphoning of funds and stealing from CPF members and at the same time, numbing the members to the fact that they're underpaid all these years and will never be able to save enough for their retirement, then PAP is taking everyone for a ride and still
claim it has done a great job and paying themselves millions and majority is left with a lemon when they get old. finally, the gabment has the cheek to say we did not work hard enuff when the culprit is the suppression of our wages and the HDB prices sky-rocketing until it becomes unaffordable. How can a Bishan 5 room executive flat costs $1 million in the resale market? It's a bubble created to channel CPF funds from retirement needs to speculative adventure, all because the gabment wanted to preach its asset enhancement scam and when HDB property prices subsided, many are stuck with negative value for many years and hoping for HDB prices to go up and by this hope, will continue to vote for PAP because many are afraid the property prices will crash and burn if PAP is ousted out. So, the intention is evil to the core and the policies serve only to enslave the majority and slow-boil the frogs until they boil to death without them knowing what hit them until it is already too late. Pure Evil!!!
Enuff is Enuff!!