Saturday, 16 November 2019
Of course it will happen...
Those who volunteer to hand money to big daddy not affected.
They probably wished big daddy would remove the cap. Then they can do lock, stock, and barrel!
What can go wrong?
The rest of us not surprised. The sun rises from the East every morning right?
Unless you think things will get cheaper in the future.
Nah. Of course cost of living would increase.
Wouldn't it be nice if education, transport, and medical costs can be like the switching of electricity providers?
A 20% price reduction would be most welcomed!
Why I never mention housing?
Well, housing is like this. When we haven't got our own place, we hope prices would come down. But once we got our own properties, we'll sing another tune... You mean you want property prices to crash -20%?
Its all our fault lah!
Once upon a time in the 50s or 60s, people retire at 55 and die around 65. Your retirement savings only had to last 10 years or more.
And if we go sell salted eggs at around 65, we won't have to suffer or worry about old age wear and tear medical problems and costs too!
Life was much simpler then...
Then everyone started to become like Dr Mahatir.
Be honest. If you take everything out at 55, you think it will last you till 95?
So its more whether you think you can do a better job in "ownself take care ownself", or let big daddy do it for you.
Before you take everything out or try to have as little as possible tied to big daddy (like me), remember big daddy has several advantages you don't have - if you decide to go the DIY route:
1) Encourage more babies (have to wait 20 or more years; think of them as durian trees)
2) Bring in more new citizens (working ones can contribute immediately; instant noodles)
3) Encourage more to voluntarily contribute (can always move the goal posts later)
4) Worst comes to worst, can socialise everything. There's always negative interest rates.
And that's the essence really.
Can you ownself take care of ownself?
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Of course it will happen. Election year is coming. At least one opposition party will be stirring shit with CPF. Return My CPF!
ReplyDeleteCW,
DeleteI am quite disappointed with our opposition.
There are so many bigger issues that's more important and critical.
Yet what they do?
Got time to focus on PMD? Really?
It just shows they are just interested in scoring cheap political points and being opportunistic.
How about securing more investments into Singapore and creating jobs to offset those lost through retrenchments?
How to manoeuvre between China and US without getting sucked into chosing sides?
And can they reassure Singaporeans they will be whiter than white? I mean lucky its just a GRC...
At least we know they weren't being modest when the opposition say they weren't ready to take over the government!
Hi SMOL,
ReplyDeleteCannot ownself take care of ownself then stage protest at Hong Lim Park, call out big daddy, deride the CPF scheme for not being socialistic enough. Ah Gong made so much money through the sovereign fund investments, even if I don't have much for them to leverage, they must not forget I'm Singaporean. It's their responsibility to take care of me based on my birth right!
And the whole community of financially savvy folks are the worst man! Only care about their own retirement adequacy. Where is the kampung spirit huh?
Lol.
Endrene,
DeleteI count myself lucky that I'm not in my 20s during the 50s...
Knowing my youthful idealism then, I would have been swept with the communist wave and my life would be ruined :(
Big daddy started out as social democrats too. Respect to them for peering through the lies of the socialist utopian fantasies, and switching course.
Kudos to Tharman - we don't use saftey nets; we prefer trampolines.
He expressed it so elegantly!
Only when we are healthy and strong can we help others in need.
I stay clear of those sinking in quicksand offering their "help" to me. Say until so nice. If I not careful, I'll be pulled into the quicksand too...
No thanks.
Hi Smol,
ReplyDeleteI would think the PMD is a important localised issue when delivery men and PMD retailers are badly affected through no fault of theirs.
I am not against a ban, but rather disturbed by the poor execution of the ban with our leader having the cheek to say that it's only 12 percent of delivery men on pmd. Is not 12 percent not human eh...
But I am glad they are moving to cushion the impact after feedback. I worried if our top is as unmoving as HK ...
Economics do not have to be all and take all issue.
Disappointed with hammar? Me too. At least I am starting to see what the pap trying to do with economics, trying to take part in industrial 4.0 with digistigation and AI and hoping that bigger is better. Bigger port, bigger airport, I hope they get it right all own many companies in this theme of digitation and aviation mad rush.
Sillyinvestor,
Delete1. I welcome the ban as I take 1.5 hours walks in the evenings. Lost count on the number of near misses. Never before had I need to be more alert walking on foootpaths than crossing the roads!?
If I as an adult don't feel safe walking on footpaths, what more to say of parents who are worried about the safety of their young toddlers and aged parents?
2. Yes, now you see the problem with the obsession on precision with 2 decimal places? That's how everyone has been brain-washed in schools and at work - SMART goals, KPIs, numbers, numbers, numbers...
Good news is big daddy has realised the problem. Things are moving in baby steps towards the grey. For eg, no more "precision" grades for PSLE exams.
Its good for big daddy to get backlash once in a while. Good training for the newer generation of future leaders. If not, everyone can just helicopter in without running through the gauntlet?
3. I'm not making light of the PMD issue, but when politics is all about parochial "seasme seed and green bean" matters, then we deserve the monkeys we put into power.
Here I am, more concerned within the next 30-40 years there won't be a major conflict in the Pacific - the Thucydides Trap.
Smol,
ReplyDeleteI'll be surprised if there isn't at least some shooting wars in SCS or western Pacific within the next 10-30 years.
Defense stocks will be medium to long term plays on Thucydides trap. Too bad only 1 in S'pore -- ST Eng.
Premier defense companies are mostly in US. And they've done tremendously well over the last 10-40 years! Got a couple of good ETFs for them too, for those "see no brains required". LOL!
Spur,
DeleteChoy!
Anything AFTER 20 years I'll be at peace since mom and dad would probably be gone by then.
I'm either mobile or so advanced in age that it does not matter anymore.
You har!
Still want to make money from war...
Go to your room.
No supper for you tonight.
😂😛
Delete:)
Delete