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Lawrence Wong - "We have your back!", sinkies happy like F!
- Thread starter Pinkieslut
- Start date
The more they give, the more I worry. 
The raising of the Enhanced Retirement Sum is a farce. It is increased from S$319.5k to S$426k, an increase of S$106.5k. However, the anticipated additional payout from 65 years old is only S$800 more (from S$2,530 to S$3,330) per month, or S$9.6k per year. Taking S$106.5k/S$9.6k = 11 years. So, in other words, the government is giving you 11 years to recover the additional S$106.5k if you opt to top up to the Enhanced Retirement Sum, this is not even considering compound interests earned during those 11 years. So, only if you will live beyond 76 years old, will you benefit from it, assuming that you start your payout at age 65 years. With Covid, cancer, high blood, etc, how many can truly live beyond 76 years old?
The raising of the Enhanced Retirement Sum is a farce. It is increased from S$319.5k to S$426k, an increase of S$106.5k. However, the anticipated additional payout from 65 years old is only S$800 more (from S$2,530 to S$3,330) per month, or S$9.6k per year. Taking S$106.5k/S$9.6k = 11 years. So, in other words, the government is giving you 11 years to recover the additional S$106.5k if you opt to top up to the Enhanced Retirement Sum, this is not even considering compound interests earned during those 11 years. So, only if you will live beyond 76 years old, will you benefit from it, assuming that you start your payout at age 65 years. With Covid, cancer, high blood, etc, how many can truly live beyond 76 years old?
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- China risks a "lost decade" of slow growth if it doesn't reform its economy, warns an economist.
- This would mirror Japan's sluggish economic development in the 1990s as China faces property, demographic, and trade challenges.
- Beijing's is seeking a new economic model less reliant on debt-fueled growth.
The assessment was made amid concerns about the world's second-largest economy as it struggles to stage a convincing post-pandemic recovery.
More like we have your back sides in our radar.
The MIW keep telling us to tighten our belts when many of the low SES cannot even afford a pair of pants.
It is predicted that Winnie will be ousted by 2025 if not earlier, especially if he truly has pancreatic cancer. Thereafter, during the interim, China will need another 5 years to carry out reform and only by about 2030, can China be expected to regain and prosper again, provided a capable team will be in place by then.
Handouts are like drugs. They make you happy. You think you're happy.
But it always will go through the phases.
Addiction.
Withdrawal symptoms.
And it's ends with disaster.
But it always will go through the phases.
Addiction.
Withdrawal symptoms.
And it's ends with disaster.
Yes he has your back...so please bend down.
He is a PAP stooge.
Chairman Xi is tasked to do internal 5S as too much rot in the system just like late Ming / Qing Dynasty
Nah, he's too power hungry. All commies are the same.
Lan jiao later on they will get back
Cb I think this thread hv many por lan par or many jiuhu kia origin in this thread
