My friend, a civil servant, told me that it is very likely that our employer cpf contribution will be cut to 10% to lower employer cost

[Boonsiong]

Currently Singapore cost is too high and Singapore cannot attract employers to come to Singapore to hire us

So government is planning to cut employer cpf contribution to 10%

All writings are on the wall

 

[Papsmearer]

lancheow lah. Just kick out all the FTs and who is left to hire? Local sinkies, right?

 

[laksaboy]

CPF is a scam. A bajilion % contribution does not change this fact.

 

[frogcall]

Those who bought million dollars hdb using cpf to service loan are going to get fucked

 

[A Singaporean]

No lah. Just hire more with Uptron degree who are betterer, fasterer and cheaperer.

 

[congo9]

Knn.
Your cpf money is to help ho ching and her JLB people build their business.

 

[congo9]

Currently Singapore cost is too high and Singapore cannot attract employers to come to Singapore to hire us

So government is planning to cut employer cpf contribution to 10%

All writings are on the wall

Yes, but they have actually push the costs of living so damn high and everyone is rushing to come work.

 

[Pinkieslut]

No lah. Just hire more with Uptron degree who are betterer, fasterer and cheaperer.

Agree. Too many JLB Sinkies no talent Lanjeows tiny unable to fuck kiasu kiasi kiasimi.

 

[Loofydralb]

I don't believe they will do that. After all it's a ponzi scheme. If they don't collect CPF, they got no money to pay out to those reaching 55 and those CPF payouts at 65.

And like every ponzi scheme without exception, will fail!

 

[Boonsiong]

I don't believe they will do that. After all it's a ponzi scheme. If they don't collect CPF, they got no money to pay out to those reaching 55 and those CPF payouts at 65.

And like every ponzi scheme without exception, will fail!

I hope your theory is correct

 

[Loofydralb]

I hope your theory is correct

When have I been wrong?

 

[mojito]

lancheow lah. Just kick out all the FTs and who is left to hire? Local sinkies, right?

No. They can just move to jb or Mumbai.

 

[tobelightlight]

CPF is a scam. A bajilion % contribution does not change this fact.

Exactly, that is why I don't contribute a single cent to it.

 

[ftan42]

As long as there are enough JLB around to support it, just as with Bekok's debt of US$37.5 T(about 135% GDP)

 

[congo9]

This is not possible.
What will happened to the resale price of property ?
Singapore economy is base on rental seeking mentality

 

[jsctan]

Seriously why does company has the burden to pay CPF? Do the work, pay the salary. That's the system isn't it?

 

[ftan42]

This is not possible.
What will happened to the resale price of property ?
Singapore economy is base on rental seeking mentality

In recent years, the sharp decline in property prices in countries such as Nipon (1990) and Tiongkok (2020/21) has led to a shift in the market. Despite the initial shock, these countries have managed to recover and even thrive, with their property prices stabilizing at a lower level.

 

[tobelightlight]

Knn.
Your cpf money is to help ho ching and her JLB people build their business.

Exactly, that's why I don't contribute to cpf.

 

[nabeifuckpap]

Cool story bro fuck PAP and 65% cunts

 

[rocket]

There are more foreigners than sinkies in Sinkieland