Okay, so all of us who are even somewhat educated, already know that this grand scheme from the GAHMEN, despite its numerous options, has ZERO PROTECTION against INFLATION, and thus is clearly INSUFFICIENT to cover our retirement NEEDS (which is assuming that we even live long enough to at least 65, to retire). For those of us who are poor and prefer to keep more liquid assets (aka cash) with us, this is really a burden. Heck, even an option that allows us to invest in terms of gold bars is better than that. Golds bars never depreciate, you see? But the GAHMEN is unlikely to listen, I think at this rate, I'm really going to stay single and be free from such headaches. I don't mind living a third rate kind of life by myself, but there's no reason why my family should be suffering the same fate. It's funny, in every part of the world there are poor people, but they survive anyway. In Singapore, it seems that surviving as poor people is getting more and more difficult.
Life is costly yes, but having powers that be making decisions for you, isn't really going to change any of that. Looking from the GAHMEN's point of view, the BIG picture, they are only taking care of their backside. They know that there will always be people who cannot make it in life, it is only a matter of numbers. They are satisfied as long as they feel that have done something to deal with whatever problems they can perceive/project/predict. Most of them do not take public transport, eat at hawker centres, live the life of the laymen, but they think they are well qualified to make any decision for the man on the street. As for individuals, they can go rot in hell. As always, the government takes care of the country, while the people take care of themselves.
Of course, there's always an alternative: becoming rich. Rich enough that GST hike and tax reductions actually benefit you. Rich enough that you will not be bothered about the puny amount of money you have in the CPF account. I must be more money-minded.
Tuesday, February 26, 2008
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