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[h=2]Why we should scrap CPF[/h]
June 2nd, 2012 |
Author: Contributions
Why CPF is no longer relevant in today’s context, should it be scrapped?
I understand that the minimum sum for our CPF keeps increasing, but since there is a CPF minimum sum, why is there no minimum wage to protect the citizens of Singapore, this like putting a cart before a horse. We should not look at increasing the minimum sum for CPF for the following reasons, if Singaporeans are jobless or under employed, what is the use of holding our monies for old age when we can’t even have a decent living today?
=> Ho Jinx: Are you asking me? *hee*hee*
The ministers want to have a top 1000 salary earner formula to decide their wages that is paid by us, the tax payers, but is it that difficult to implement minimum wage like other first world countries? If Inflation is estimated at 5 percent and CPF interest rates are set at 2.5 percent, we got to be really daft to even have such practices in the first place.
What about the profit of these investments that are being used by Temasek and GIC, how come we do not get the profits, did the seed money or capital injection not come from our CPF in the first place?
How do we account for losses and how do we pay for these losses?
Now here’s another scenario to consider, for example your son goes to National Service at 22 , a FT comes here and works here at 22, when your son comes out of National service, it is likely he will be reporting to the FT who has more experience, now your son tells the FT that he has reservist and RT commitments, do you think the FT will bother to understand, and wont he want to hire his own country man because there is no need to pay him CPF ?
The question we have to ask ourselves right now with effect from today, is who really benefits from our CPF, the PAP govt or us the Singaporean who have had our wages depressed or are made jobless by the very people who claim that “Singaporeans come first”
What is the point of having minimum sum when the money made today is not enough to sustain a decent quality of life today?
Minimum wage should come first before minimum CPF sum!
How can we talk about the future when the current actions do not support these conditions?
Vote wisely and courageously
.
Troy
Why CPF is no longer relevant in today’s context, should it be scrapped?
I understand that the minimum sum for our CPF keeps increasing, but since there is a CPF minimum sum, why is there no minimum wage to protect the citizens of Singapore, this like putting a cart before a horse. We should not look at increasing the minimum sum for CPF for the following reasons, if Singaporeans are jobless or under employed, what is the use of holding our monies for old age when we can’t even have a decent living today?
=> Ho Jinx: Are you asking me? *hee*hee*
The ministers want to have a top 1000 salary earner formula to decide their wages that is paid by us, the tax payers, but is it that difficult to implement minimum wage like other first world countries? If Inflation is estimated at 5 percent and CPF interest rates are set at 2.5 percent, we got to be really daft to even have such practices in the first place.
What about the profit of these investments that are being used by Temasek and GIC, how come we do not get the profits, did the seed money or capital injection not come from our CPF in the first place?
How do we account for losses and how do we pay for these losses?
Now here’s another scenario to consider, for example your son goes to National Service at 22 , a FT comes here and works here at 22, when your son comes out of National service, it is likely he will be reporting to the FT who has more experience, now your son tells the FT that he has reservist and RT commitments, do you think the FT will bother to understand, and wont he want to hire his own country man because there is no need to pay him CPF ?
The question we have to ask ourselves right now with effect from today, is who really benefits from our CPF, the PAP govt or us the Singaporean who have had our wages depressed or are made jobless by the very people who claim that “Singaporeans come first”
What is the point of having minimum sum when the money made today is not enough to sustain a decent quality of life today?
Minimum wage should come first before minimum CPF sum!
How can we talk about the future when the current actions do not support these conditions?
Vote wisely and courageously
.
Troy
