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[h=2]Rebutting Minister Tan Chuan-Jin on CPF[/h]
May 27th, 2014 |
Author: Contributions
Manpower Minister Tan Chuan-Jin (Photo: ST)
Dear Minister,
I am not impressed with your long clarification of what CPF is and why it is
good for Singaporeans.
Good attempt but I must say it’s just another GP paper writing exercise. It’s
long, sounds reasonable but lacks factual and alternative analysis. Seriously,
my English sucks but I wouldn’t give you a pass for your efforts. Simply
regurgitating facts in GP will surely give you an “F”, ask any GP teacher if you
don’t agree ya.
Yes, CPF serves a good purpose but the story ends there in today’s
context.
CPF was better in its olden days when it was simple, with higher returns and
people had the assurance that they could have it when they reached 55. People
could use it to supplement whatever savings they had and their children’ support
to see them through their golden years, without having to ask for aid,
assistance. Wasn’t that good for society? Wasn’t that good for the person’s self
respect?
Compared to what is happening today, our CPF was managed by ministers and MPs
who were not paid elite salaries and yet could provide higher returns to us.
What have you got to say about that? Lowering CPF returns over the years by so
called better and more expensive ministers, MPs and civil servants just doesn’t
add up, does it?
You claim that the MS is raised to cater for our increased lifespan. However,
you fail to provide advice and support for those who need to or are forced to
retire earlier than 65. What do you propose that these people do while waiting
to grow old till 65? 吃风 (chia hong – eat wind)?
Of course, you can claim that people can downgrade their lifestyle, downgrade
their home and get help from people around them to see themselves through until
they reach 55. Worst case scenario, can approach PAP Kueh Lapis Social System
for assistance assuming they can find their ways around. Now, wouldn’t that be
equivalent to lowering one’s living standard, financially and emotionally?
Now, why should one need to go through all this trauma? In the name of
retiring in “comfort when they reach 65″ in your words? Can they make it to
enjoy your so called retirement?
You, the minister claim that the pension system in other countries is failing
and the governments there use methods such as increasing taxes, reducing
pensions or delaying the paying out of pensions or all of the above (wow, shitty
TIMES for citizens with such measures). Now that would really reduce the
pensioners’ living standard even before they retire, wouldn’t it? Now, you claim
that such a system is NO GOOD.
Well, I don’t see any difference compared to how PAP is managing our CPF now.
We all end up with lower living standards. PAP has reduced employer’s
contribution and reduced returns to our CPF over the years (shit, less to
spend). PAP then increases the withdrawal time-frame by 10 years (shit, delay my
pensions by 10 years). PAP then pays monthly “pensions” to us using our money
using super low returns, some say negative returns considering inflation (shit,
not enough to spend now). PAP then increases the MS amount citing the need to
cover inflation (shit, less money to cover 55 to 65 period).
PAP then say sell your house (in full or in part) to cover any shortfall
before 65 to ensure you don’t need to beg for a living (shit, PAP never
guarantees sure make super money from selling house). PAP then introduces new
super expensive STUDIO flats based on psf and number of years for those who
can’t afford to downgrade any further (shit, money already no enough but now got
to buy more expensive and smaller pigeon holes with shorter lease … even though
our elite Minister in his own words in his GP essay here says we might end up
living beyond 90 but never explain why STUDIO lease is only 30).
So please Minister, stop selling the SHITS to us!
There are some stupid citizens who buy your SHITS (sorry, my mistake). Let me
try again.
There is a number of citizens among us based on the last GE’s results who buy
and enjoy the SHITS you are serving to them for one reason or another. These 60%
of the electorate likely include your own GANG who benefit from your current way
of doing things, those who benefit directly or indirectly through your current
ways of doing things, the rich ones who are not affected by your current way of
doing things and don’t care, those who are fearful of perceived repercussions if
they don’t go along with your current way of doing things and lastly, those that
are still in dreamland.
Now, hopefully the Minister will agree and understand why he didn’t get an
“A” for this particular GP essay which his boss commissioned him to write. One
word of advice for you for your next essay (now, now, stop crying and don’t give
up) as what my GP teacher used to say to me.
You are not stupid my dear Minister, next time just remember to cover all
corners and most importantly, write with your heart, don’t just copy & paste
and don’t try to explain them away as if you understand. People can
tell.
But honestly, who gives a SHIT about whether this Minister learns his lesson
or not other than his own conscience
perhaps.
TrustNoPig
*
Comment appeared in: Minister Tan: The truth about our CPF and Minimum Sum
Manpower Minister Tan Chuan-Jin (Photo: ST)
Dear Minister,
I am not impressed with your long clarification of what CPF is and why it is
good for Singaporeans.
Good attempt but I must say it’s just another GP paper writing exercise. It’s
long, sounds reasonable but lacks factual and alternative analysis. Seriously,
my English sucks but I wouldn’t give you a pass for your efforts. Simply
regurgitating facts in GP will surely give you an “F”, ask any GP teacher if you
don’t agree ya.
Yes, CPF serves a good purpose but the story ends there in today’s
context.
CPF was better in its olden days when it was simple, with higher returns and
people had the assurance that they could have it when they reached 55. People
could use it to supplement whatever savings they had and their children’ support
to see them through their golden years, without having to ask for aid,
assistance. Wasn’t that good for society? Wasn’t that good for the person’s self
respect?
Compared to what is happening today, our CPF was managed by ministers and MPs
who were not paid elite salaries and yet could provide higher returns to us.
What have you got to say about that? Lowering CPF returns over the years by so
called better and more expensive ministers, MPs and civil servants just doesn’t
add up, does it?
You claim that the MS is raised to cater for our increased lifespan. However,
you fail to provide advice and support for those who need to or are forced to
retire earlier than 65. What do you propose that these people do while waiting
to grow old till 65? 吃风 (chia hong – eat wind)?
Of course, you can claim that people can downgrade their lifestyle, downgrade
their home and get help from people around them to see themselves through until
they reach 55. Worst case scenario, can approach PAP Kueh Lapis Social System
for assistance assuming they can find their ways around. Now, wouldn’t that be
equivalent to lowering one’s living standard, financially and emotionally?
Now, why should one need to go through all this trauma? In the name of
retiring in “comfort when they reach 65″ in your words? Can they make it to
enjoy your so called retirement?
You, the minister claim that the pension system in other countries is failing
and the governments there use methods such as increasing taxes, reducing
pensions or delaying the paying out of pensions or all of the above (wow, shitty
TIMES for citizens with such measures). Now that would really reduce the
pensioners’ living standard even before they retire, wouldn’t it? Now, you claim
that such a system is NO GOOD.
Well, I don’t see any difference compared to how PAP is managing our CPF now.
We all end up with lower living standards. PAP has reduced employer’s
contribution and reduced returns to our CPF over the years (shit, less to
spend). PAP then increases the withdrawal time-frame by 10 years (shit, delay my
pensions by 10 years). PAP then pays monthly “pensions” to us using our money
using super low returns, some say negative returns considering inflation (shit,
not enough to spend now). PAP then increases the MS amount citing the need to
cover inflation (shit, less money to cover 55 to 65 period).
PAP then say sell your house (in full or in part) to cover any shortfall
before 65 to ensure you don’t need to beg for a living (shit, PAP never
guarantees sure make super money from selling house). PAP then introduces new
super expensive STUDIO flats based on psf and number of years for those who
can’t afford to downgrade any further (shit, money already no enough but now got
to buy more expensive and smaller pigeon holes with shorter lease … even though
our elite Minister in his own words in his GP essay here says we might end up
living beyond 90 but never explain why STUDIO lease is only 30).
So please Minister, stop selling the SHITS to us!
There are some stupid citizens who buy your SHITS (sorry, my mistake). Let me
try again.
There is a number of citizens among us based on the last GE’s results who buy
and enjoy the SHITS you are serving to them for one reason or another. These 60%
of the electorate likely include your own GANG who benefit from your current way
of doing things, those who benefit directly or indirectly through your current
ways of doing things, the rich ones who are not affected by your current way of
doing things and don’t care, those who are fearful of perceived repercussions if
they don’t go along with your current way of doing things and lastly, those that
are still in dreamland.
Now, hopefully the Minister will agree and understand why he didn’t get an
“A” for this particular GP essay which his boss commissioned him to write. One
word of advice for you for your next essay (now, now, stop crying and don’t give
up) as what my GP teacher used to say to me.
You are not stupid my dear Minister, next time just remember to cover all
corners and most importantly, write with your heart, don’t just copy & paste
and don’t try to explain them away as if you understand. People can
tell.
or not other than his own conscience
perhaps.
TrustNoPig
*
Comment appeared in: Minister Tan: The truth about our CPF and Minimum Sum
