This is why the government should not help the "poor".

[I_Hate_Pappies]

Should be 'let nature takes its course'.

You siao ah? Challenge English Teacher?!!!!!

 

[Sinkie]

You siao ah? Challenge English Teacher?!!!!!

We practice 360% appraisal here.

 

[escher]

If there were a small percentage of cheats, I would agree. However, when it comes to benefit fraud, they're almost all cheats.

And in the case of smear of shit on sole of shoe LKY and his gang of PAP walking bags of excrement, everyone of those motherfuckers are frauds and thieves with no fucking exception, stooping as low as to steal toothpicks

They are magnitudes worse than any other kind of frauds making Madoff appear as epitome of honesty in comparison to smear of shit on sole of shoe LKY and his gang of walking bags of excrement and fucking dishonest crooked kangaroos

 

[winnipegjets]

If there were a small percentage of cheats, I would agree. However, when it comes to benefit fraud, they're almost all cheats.

Alamak, there are so many more rich cheats than the poor cheat. Why don't you focus on them? The former rakes in hundreds of millions while the latter gets small change.
If you are of any smart, you would go after the former? Or you are just afraid to fight the rich?

 

[Leongsam]

Alamak, there are so many more rich cheats than the poor cheat. Why don't you focus on them? The former rakes in hundreds of millions while the latter gets small change.
If you are of any smart, you would go after the former? Or you are just afraid to fight the rich?

All cheats need to be dealt with regardless of whether they are rich or poor.

However, the poor need to be punished more severely as they contribute absolutely nothing to society in the first place.

 

[SadPlumpGirl]

All cheats need to be dealt with regardless of whether they are rich or poor.

However, the poor need to be punished more severely as they contribute absolutely nothing to society in the first place.

Wow... i thot poor banglas build Singapore

 

[Leongsam]

Wow... i thot poor banglas build Singapore

Those Banglas work for a living. They aren't welfare cheats.

 

[cass888]

When we're rid of all these whining losers we will find a way to survive.

Maybe we will finally get the weaker SGD we want instead of fighting the Fed to lower the value of the SGD (and sometimes losing money in the process).

And you may wish to check the fraction before you shoot your mouth off.

be careful what you wish for. fractional reserve banking will bite you in the backside.

 

[bryanlim1972]

is the fraction even public info? this says nothing about the CASH position.

Q19. Is our CPF money safe?

Yes, all CPF monies are safe.

CPF monies are invested in bonds that are issued and guaranteed by the Singapore Government. The full resources of the Government are backing this guarantee that CPF monies will be paid back.

CPF monies are safe because:

a. The Government is in a strong reserves position, i.e. its assets far exceed its liabilities (of which CPF liabilities are a part of). The strong reserves position can be seen from the investment returns that are made available for spending on the Government Budget ‒ or Net Investment Returns Contribution (NIRC). The NIRC is currently about S$7 billion each year.

b. What this means is that even after deducting all the Government’s liabilities (including CPF monies), the remaining net assets produce significant returns. The NIRC of about S$7 billion is drawn from returns on assets in excess of the liabilities, not gross assets. (For more information, see summary under ‘Our Nation's Reserves’, Section II.) It should be further noted that, as stipulated in the Constitution, the NIRC recorded in the Government Budget only comprises up to 50% of the returns earned on the reserves. The NIRC figures are submitted to the President’s Office and audited by the Auditor-General’s Office.

c. If the Government’s assets had not been adequate to meet its liabilities, there would be no contribution from the investment returns on reserves in the Government Budget.

When we're rid of all these whining losers we will find a way to survive.

Maybe we will finally get the weaker SGD we want instead of fighting the Fed to lower the value of the SGD (and sometimes losing money in the process).

And you may wish to check the fraction before you shoot your mouth off.

 

[kaipoh]

LS, you mean let die from "diarrhea and pee" to death.

Let nature take its course.