People, people - stop chasing shadows about CPF. Focus!

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An honorable member of the Coffee Shop Has Just Posted the Following:

More intelligent people are coming out to comment on the CPF hot potato. Unfortunately many still cannot remove the blinkers placed over them and still talking like the blind men describing the elephant. After decades of conditioning, the mind will stay clear of the invisible OB markers and did not even know they are there. Some one sent me a story of a cage of monkeys that would beat up any monkey trying to climb to the top to take the hanging bananas but did not know why. Even the monkeys themselves did not know why and instinctively did what they were conditioned to do, beat up any monkey attempting to climb up for the bunch of bananas. And all the new monkeys put into the cage would soon learn to behave that way and think that way.

There are still many basic and fundamental issues and principles that all the do gooders have forgotten. First and foremost, the CPF is not a govt pension scheme. The govt does not contribute a cent to it. In fact the govt is riding on it and benefiting from it so much that it is looking at the CPF from a very different perspective, as a nation’s reserves, as a cheap source of fund, and forgot that it is the people’s private savings. It is the people’s money and must be returned. Nothing more, nothing less. The people did not give the govt the authority to mess around with their life savings.

Here is the another important principle. No one, not even the govt, is allowed or can be allowed by legislation to touch the people’s savings, be it in the CPF or any organisation, or in any form. This is a very dangerous precedent that must not be violated and taken lightly, and must be opposed vehemently. Unfortunately the daft Sinkies cannot see anything wrong with it.

The other issues are all about what is a savings scheme for old age. I make it clear here, we are not talking about a pension scheme but the people’s own savings scheme using their own money. By right, the first principle is that the govt should get lost, get out of the way unless it is contributing money, real money, into it. Other people’s money cannot be touched under whatever stupid excuses. It is none of the govt’s business except in an advisory capacity, using persuasive arguments to encourage the people to save.

How much is enough to save? Here all the do gooders would like the people to save to live like a king. Even if the people did not have enough to eat and may die tomorrow, the do gooders would want to seize the few cents in their hands to put into a savings scheme. KNN. They kill you and you got to say thank you to them and be eternally grateful.

No savings scheme is enough even for the super rich. But the super rich do not need to save. And for the poor, it is a case of daily struggle for survival. Where got money to save? Did anyone forgotten about the phrase ‘live within your means’? Yes live within your means, save within your means and live with whatever savings you have. Minimum sum to the rich is nothing, sup sup suey. To the poor, it is their blood, forcing them to set aside a minimum sum even of $10k is like squeezing blood from them. $10k is a lot of money for a lot of necessities they could not afford. A hundred thousand or more is luxury to many. Why don’t the do gooders spare a few dollars to them instead if they are that caring?

One of the biggest problems with the CPF is the draining of the members’ savings by you know what. No need to elaborate on this as they are taboo. What, got elephant in the classroom? Where is the guilt for causing the CPF scheme to be in such a deplorable state when many, after saving so much over a life time have to cry money not enough?

Forget about the silly discussions on minimum sums and the silly reasons quoted to justify the minimum sums. Only the daft will waste time discussion daft and farcical issues and reasonings and think they are valid and reasonable.

There will be many people at the bottom end of a society that need help. There will be many more among the very senior citizens that need financial help that no amount of minimum sums or saving schemes can help. This is where the govt must come in. What is the point of having a govt and paying taxes? No, don’t be a fool to think that we are paying very low tax.

The CPF cannot be the only instrument for a retirement plan or scheme. You cannot load everything into the CPF scheme to cover every hole that needs to be covered. In reality, people depend on many alternative means to support their retirement. The CPF can be one of the many retirement plans and schemes. And it should be one that provides a minimum retirement fund, depending on the individual and their ability to save. An airy fairy minimum sum quoted from thin air, oops, my apologies, computed by geniuses and very talented statisticians, is a ‘knows all’ answer to a good retirement plan for the people. Really, got such a perfect formula meh?

The final sum in the individual’s savings has to be the sum that the individual has to live with, within his means. If one is to satisfy this godly minimum sum, many would not have money to eat everyday in their life time. The govt cannot run away or shirk its responsibility from providing a safety net to those who are in need, not because they are stupid, but there are many circumstances that turned their miserable lives upside down. Even those who are blessed to be super talents or who have millionaire ministers as parents, do not be cocksure you would not end up in the shit hole. Life is unpredictable and don’t be smug.

Let me end here by saying it again, the CPF cannot be the only savings scheme for retirement and the amount to be saved by the individuals must vary according to their means. And the govt has a big responsibility, other than paying themselves in the millions, to use their million dollar brains to work out some retirement backup schemes for those that are not well endowed and been dealt with a bad hand in life.

And please, do gooders, be real. Not everyone is the same, as good and blessed as you.

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