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Coffeeshop Chit Chat - Do Singaporeans have a future under PAP?</TD><TD id=msgunetc noWrap align=right> </TD></TR></TBODY></TABLE><TABLE class=msgtable cellSpacing=0 cellPadding=0 width="96%"><TBODY><TR><TD class=msg vAlign=top><TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR class=msghead><TD class=msgbfr1 width="1%"> </TD><TD><TABLE border=0 cellSpacing=0 cellPadding=0><TBODY><TR class=msghead vAlign=top><TD class=msgF width="1%" noWrap align=right>From: </TD><TD class=msgFname width="68%" noWrap>kojakbt89 <NOBR></NOBR> </TD><TD class=msgDate width="30%" noWrap align=right>1:30 am </TD></TR><TR class=msghead><TD class=msgT height=20 width="1%" noWrap align=right>To: </TD><TD class=msgTname width="68%" noWrap>ALL <NOBR></NOBR></TD><TD class=msgNum noWrap align=right> (1 of 5) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft rowSpan=4 width="1%"> </TD><TD class=wintiny noWrap align=right>41872.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt>Do Singaporeans have a future under PAP?
December 4th, 2010 |
Author: Contributions |
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THE PAP AND HIGH HDB FLAT PRICES
The prices of the HDB flat have escalated by 300% for last 10 years under PAP. Every 5 years term there will be an increase of 100 % on the cost of the flat
Year 2000 3 rooms Flat at $100K
Year 2005 3 rooms Flat at $200K (100%)
Year 2010 3 rooms Flat at $300K (200%)
Year 2015 3 rooms Flat at $400K(300%)
As you can see from the figures, the prices of the flat will be increase 100%, 200% and 300% in 2015 every 5 years terms if PAP continue to be the ruling. Most people salaries are barely able to coup up with the rate of the increased property prices and escalating high cost of living.
THE RELATIONSHIP BETWEEN CPF AND THE HDB FLAT PRICES
They tie up the HDB flat pricing with your CPF money. How they do it?
(a) High HDB flats prices (This already done by PAP to allow more foreigners and through speculation)
Mah Bow Tan made a statement saying that higher property prices is good for the people?
(b) Delay on CPF Withdrawal Age to 65 (PAP already done). From the initial withdrawal age of 55 has been changed to 62. From 62 has been further delay to 65 in the recent years. According to Lim Boon Heng, the withdrawal age will again be delayed to 68.
(c) From 1 July 2010, CPF Minimum Sum will be raise to $123,000 (this is 50% of the 3 room resale HDB flat) and will gradually increase to link to the appreciation of HDB prices to lock our life long savings. The excuse given that people are having longer lifespan. (This is already done by PAP)
Example: Minimum CPF sum and the HDB prices
Current price of 3 room resale HDB flat = S$300K
If you sell your house at old age:
50% ($150K) downgrade for living expenses and medical bills (actual net worth of your house)
50% ($150K) lock up in the CPF Minimum Sum (govt piggy bank)
On paper value; it appears that we will benefit from high property prices. But we only get 50% when we sell the flat as the balance goes to the govt who take 50% of the profit for their own investment.
(d) This will be the most dangerous stage as the old CPF scheme converts to CPF life long annuity plan to control Singaporeans and the money will be lost forever. (This has not been implemented as yet but will definitely go through if they win in the election).
OLD CPF WITHDRAWAL SCHEME
Under the old CPF scheme, the spouse will get the CPF monies should the husband/wife passed away
Example, you have $123,000 in your CPF account and the estate duties is 10%. Your spouse will receive $110,700 in the event when you passed away.
THE PROPOSED NEW CPF ANNUITY SCHEME BY OUR GOVT
For the new CPF annuity plan, it is an insurance plan. Everybody put $123K into the pool. Let’s say retirement is 65 and pass away at 70 years old. Under the old CPF scheme, the amount will be returned to my spouse ($89,100 based on the monthly payout of $400 and after deducting the estate duties of 10%). But under the new CPF annuity plan, our money will go back to the pool and lost forever even though we can nominate the beneficiaries. It is not clearly specified as the scheme is very vague as to how much the beneficiaries will receive (it could be $1K or $10K up to our PAP govt’s discretion)
This money belongs to us, there is something very fishy as to why our govt is so obsessed with our CPF monies? The monthly payout of $400 is hardly enough in this high cost of living. And if you die early, you will not be able to enjoy your life long savings as all the money will go back to pool/govt in 1 cycle.
WHY WE NEED TO HAVE A NEW COALITION GOVT TO RULE SINGAPORE
This is also very important in order to stop the increasing property prices from enriching their ministerial salaries for the next 5 years, otherwise everybody will lead a dog life. They will sure implement the “CPF live long annuity plan to replace the old CPF withdrawal scheme”.
In other words they will use the new scheme to convert your money to become their money to control you. Everybody will work like a slave till death with no money to pay for the expensive medical bill at old age.
If you complain about the high cost of living, they will take this excuse to import more FT/FW because of fewer babies to increase their income and GDP growth. Therefore we have to vote a new coalition govt form by all alternative parties (except the fake opposition wayang parties) to improve our quality of life till our ripe old age.
Under the current system, no matter how hard we work, it is still not enough to satisfy the PAP govt. If we miss this opportunity, we will never make it forever with the influx of the New Singaporeans.
The elite will continue to rule the country because they have plenty of money and in power, and the poor will get poorer and poorer as they cannot compete with them. If you are greedy for the election goodies, you will lose your soul and sell your life away. Our system needs to reboot and revamp with new parties (coalition govt) with the repeated errors and mistakes made by the PAP govt (no accountabilities and transparency) and also to abolish elitism under the 1 party system.
That is why this election is very critical for every citizen to decide the type of fate and future they want. “To have a new life or to be a walking dead”.
PassionPpl
</TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE>
THE PAP AND HIGH HDB FLAT PRICES
The prices of the HDB flat have escalated by 300% for last 10 years under PAP. Every 5 years term there will be an increase of 100 % on the cost of the flat
Year 2000 3 rooms Flat at $100K
Year 2005 3 rooms Flat at $200K (100%)
Year 2010 3 rooms Flat at $300K (200%)
Year 2015 3 rooms Flat at $400K(300%)
As you can see from the figures, the prices of the flat will be increase 100%, 200% and 300% in 2015 every 5 years terms if PAP continue to be the ruling. Most people salaries are barely able to coup up with the rate of the increased property prices and escalating high cost of living.
THE RELATIONSHIP BETWEEN CPF AND THE HDB FLAT PRICES
They tie up the HDB flat pricing with your CPF money. How they do it?
(a) High HDB flats prices (This already done by PAP to allow more foreigners and through speculation)
Mah Bow Tan made a statement saying that higher property prices is good for the people?
(b) Delay on CPF Withdrawal Age to 65 (PAP already done). From the initial withdrawal age of 55 has been changed to 62. From 62 has been further delay to 65 in the recent years. According to Lim Boon Heng, the withdrawal age will again be delayed to 68.
(c) From 1 July 2010, CPF Minimum Sum will be raise to $123,000 (this is 50% of the 3 room resale HDB flat) and will gradually increase to link to the appreciation of HDB prices to lock our life long savings. The excuse given that people are having longer lifespan. (This is already done by PAP)
Example: Minimum CPF sum and the HDB prices
Current price of 3 room resale HDB flat = S$300K
If you sell your house at old age:
50% ($150K) downgrade for living expenses and medical bills (actual net worth of your house)
50% ($150K) lock up in the CPF Minimum Sum (govt piggy bank)
On paper value; it appears that we will benefit from high property prices. But we only get 50% when we sell the flat as the balance goes to the govt who take 50% of the profit for their own investment.
(d) This will be the most dangerous stage as the old CPF scheme converts to CPF life long annuity plan to control Singaporeans and the money will be lost forever. (This has not been implemented as yet but will definitely go through if they win in the election).
OLD CPF WITHDRAWAL SCHEME
Under the old CPF scheme, the spouse will get the CPF monies should the husband/wife passed away
Example, you have $123,000 in your CPF account and the estate duties is 10%. Your spouse will receive $110,700 in the event when you passed away.
THE PROPOSED NEW CPF ANNUITY SCHEME BY OUR GOVT
For the new CPF annuity plan, it is an insurance plan. Everybody put $123K into the pool. Let’s say retirement is 65 and pass away at 70 years old. Under the old CPF scheme, the amount will be returned to my spouse ($89,100 based on the monthly payout of $400 and after deducting the estate duties of 10%). But under the new CPF annuity plan, our money will go back to the pool and lost forever even though we can nominate the beneficiaries. It is not clearly specified as the scheme is very vague as to how much the beneficiaries will receive (it could be $1K or $10K up to our PAP govt’s discretion)
This money belongs to us, there is something very fishy as to why our govt is so obsessed with our CPF monies? The monthly payout of $400 is hardly enough in this high cost of living. And if you die early, you will not be able to enjoy your life long savings as all the money will go back to pool/govt in 1 cycle.
WHY WE NEED TO HAVE A NEW COALITION GOVT TO RULE SINGAPORE
This is also very important in order to stop the increasing property prices from enriching their ministerial salaries for the next 5 years, otherwise everybody will lead a dog life. They will sure implement the “CPF live long annuity plan to replace the old CPF withdrawal scheme”.
In other words they will use the new scheme to convert your money to become their money to control you. Everybody will work like a slave till death with no money to pay for the expensive medical bill at old age.
If you complain about the high cost of living, they will take this excuse to import more FT/FW because of fewer babies to increase their income and GDP growth. Therefore we have to vote a new coalition govt form by all alternative parties (except the fake opposition wayang parties) to improve our quality of life till our ripe old age.
Under the current system, no matter how hard we work, it is still not enough to satisfy the PAP govt. If we miss this opportunity, we will never make it forever with the influx of the New Singaporeans.
The elite will continue to rule the country because they have plenty of money and in power, and the poor will get poorer and poorer as they cannot compete with them. If you are greedy for the election goodies, you will lose your soul and sell your life away. Our system needs to reboot and revamp with new parties (coalition govt) with the repeated errors and mistakes made by the PAP govt (no accountabilities and transparency) and also to abolish elitism under the 1 party system.
That is why this election is very critical for every citizen to decide the type of fate and future they want. “To have a new life or to be a walking dead”.
PassionPpl
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