Chances are inflation will overtake any interest on your CPF.
However, there are many people who have no sense of financial control and will spend whatever money they make.
So it's not an ideal situation for everyone but in view of the bigger picture, it seems a smart move.
There are always ways to deal with the CPF issue. Start your own business. then CPF becomes a choice.
But if you check with our neigbours, they will tell you Singapo lang is the most arrogant.
Why is it so??
We are indoctrinated from young through education and public media that we are the “Best” and we are number one. So effective that we become blind to the merits that others have over us.
You feel very proud of what you have and want to echo to the whole world.
But the reality is that other people have other preference or priority.
What is best to you may not necessary be their dreams or must have.
“we have the best road system, look at our ERP, so advance,, so high tech…, you Bangkok don’t,, so lousy”..This is what I hear during a trip.
“We have the best education” but where are our rocket scientists? Many of us can’t express our ideas properly, let alone others things.
Yes, we are good at set pieces only.
Last edited by Silence Sky; 15th November 2008 at 11:07 PM.
Back in 1982 to 85 I lived and worked in Sg, and travelled to China a lot. I could easily see the size difference in Sg people and Cn people. That is because the Government brought in diet, nutrition, and health matters to school children. Schools encouraged sports, which supports health growth. Singapore did a lot of things right, which should have been copied by the western world, but were not. I wound up marrying a Sg Girl, and we have lived happily everafter.
Singapore is a Great Nation, and so should it stay forevermore!
Leica M6's; 35/2, 50/2, 90/2.8
wads impossible today may not be so tomorrow. for some things in life, its oni a matter of time.
However, due to the way that the economy changes (more significantly the singapore property market, medical fees and the few economic crisis that Sg faced), I think that the CPF system isn't catching up with the world. To most of Singaporean, it's just resigned to be fated to be CPF-ed while doubts lingers if the CPF can even meet our basic needs when we retire.
No one can see into the future to determine the best policy for everyone, but at least Sg have started something. I'm advocating for CPF but with much more flexibility rather than what's currently in place.
For a start, why don't peg CPF interest with the same formula as those used by our public transport company... interest to be pegged to CPI+(X). So at least we know that the what we are forced to save does not depreciate to nothing should we face a stagflation which seem likely since we are totally import dependent for supplies and export orientated for income or if the CPF board makes a wrong investment. Where does the $$$ comes from? From the country's budget lah! Every year (even so called recession) also got surplus mah.
It is what I called a heavily intoxicated mind.
When people strive for something better or ask for fairer treatments, you will be compared against the African nations. Why always the African nation and where is our promised Swiss's standard?
Walking around safely at 2am is a great achievement!
But our Dear Mr Took can also walked freely across the causeway after his most wanted face was published in all media. Isn't it a greater achievement?
Next, is our Dear Selamat, the most wanted terrorist walking out of the highest security cell undetected. Wow.. Another great achievement.
But nothing beat this, the greatest achievement, they implemented the Bio-metric passport to improve or heighten the security level. So I suppose every Terrorist must carry a bio-metric and must enter through our custom when carrying out their missions, so that we can detect them.
I think we shall not talk about public services accumulating exorbitant profits, it is so disgusting to talk about.
Since every country utility power is making good money, so we might as well follow the trend lor.
My shallow thinking.
Ohhh. Look who is telling people to travel a bit more.
I wonder how many cities has that person been to and stayed more than ˝ a year to experience the local fare beside that boring London.
Last edited by Silence Sky; 17th November 2008 at 11:48 PM.
Wikipedia and Google must have broken down.
I don't know Singaporeans can survive that kind of hostile enviroment or not and yet achieve a GDP per Capital of USD$32,000.
My Google is working:
"The country's GDP (Purchasing power parity) in 2006 reached $195 billion according to the International Monetary Fund or $179 billion according to the World Bank (see List of countries by GDP (PPP)). GDP per capita has been $31,767 according to the International Monetary Fund in 2007 or $26,200 in 2006 according to the CIA World Factbook. $31,767 is on par with most Western European countries like France or Italy, while $26,200 is lower than most Western European countries, except Portugal but higher than all Eastern European countries and close to the average for the European Union (see List of countries by GDP (PPP) per capita). The economy grew by 8% in the last quarter of 2006, the fastest growth of any Western nation.
The major industrial sectors include metal products, electronic and biomedical equipment, processed foods, chemicals, and transport equipment. Israel possesses a substantial service sector and the Israel diamond industry is one of the world's centers for diamond cutting and polishing. It is also a world leader in software development and is a major tourist destination. In 1998, Tel Aviv was named by Newsweek as one of the ten most technologically influential cities in the world. American billionaires and business tycoons including Bill Gates, Warren Buffett, and Donald Trump have each praised Israel’s economic environment, and the country was the destination for Berkshire Hathaway's first investment outside of the USA when it purchased ISCAR Metalworking, and the first R&D Centers outside the USA for companies including Intel and Microsoft. The country has now become known as Silicon Wadi."
Another good example of being blind by our own successes.
Last edited by Silence Sky; 17th November 2008 at 11:09 PM.
Last edited by Silence Sky; 18th November 2008 at 12:50 AM.
The only fair thing is Poor or Rich you pay 7% GST.
Give me some quotation, let us see how superifcial or shollow those atrticles are.
Do you know how many articles from those formiable critics did not made it to the press?
When I got time, I post some for you to read ok.
play nice people
or great colours will descend
With regards to Israel, I really have huge respect for Jewish people (and for many Jews the identity of Jewish people is closely linked to Israel...)
I lived with an Israeli in NY and he was just a different breed of person...dedicated, warm and kind,well educated, and he also actually volunteered to spend one more year doing national service.
I'm not sure how people want to define a country as "great" but Jewish people have a culture of greatness, producing great talents in many business and cultural fields.
I too stayed with an Isreali, they are very determined and perseverance people.
I asked him, ain't you afriad of the situation and do you really want to go back after your study?
He told me, Yes, he is going back to the great land and he is not afraid becasue he is surrounded by many brave Isreali. That is when I know Isreal will not fall.