why dont Loong just use the reserves to feed the old generations?

[god_zeus]

I mean if he is willing to take some money put of the 'reserves' to feed the 'pioneer' generation
those old that cannot work
then there is no need to 'raise' the CPF minimum ever

once someone reaches say 75 and still havent die
the govt automatically give him a handout becos right now loong is afraid he have to feed the old generation with the govt money

 

[laksaboy]

Because that would not be good for business.

 

[McDonaldsKid]

The reserves are for a rainy day, whatever that means.

 

[laksaboy]

The reserves are for a rainy day, whatever that means.

You mean Ho Ching raining money on lucrative foreign investments e.g. Merrill Lynch?

 

[bakkuttay]

His husband need to feed the gambling appetite.

 

[god_zeus]

rainy day is just an excuse to horde the money

just like a typical sinkie when he want to avoid someone
he will just say
'I am in a meeting'
or
'I am overseas now, '

The reserves are for a rainy day, whatever that means.

 

[Papsmearer]

I mean if he is willing to take some money put of the 'reserves' to feed the 'pioneer' generation
those old that cannot work
then there is no need to 'raise' the CPF minimum ever

once someone reaches say 75 and still havent die
the govt automatically give him a handout becos right now loong is afraid he have to feed the old generation with the govt money

One Merrill Lynch loss is already enough to feed them for 5 years.

 

[po2wq]

I mean if he is willing to take some money put of the 'reserves' to feed the 'pioneer' generation
those old that cannot work then there is no need to 'raise' the CPF minimum ever ...

y shud me used my own moni 2 benefit others if me can take otherz moni 2 achief same purpose? ...

take otherz moni can oso kill 2 birdies ... u get xtra gambling chips under guise of noble intention of rewarding others ...

 

[Froggy]

Zeus, reserves? What reserves? Is it still there?