The government always keeps insisting that the CPF forces Singaporeans to save and prevents us from squandering away our money so that we can retire with peace of mind.
However, it is actually the government themselves who brought in all the temptations that are likley to make those who are not financially savy 'squander' their savings.
1) They said that since govt is afraid that they will gamble away their CPF money away, why did the govt build 2 casinos in the first place?
2) They said that since govt is worried that they will squander away money through prostitution, why allow so many foreign women on social passes to loiter in the streets?
3) They said that since CPF money is supposed to help them retire, why hold their money from 55 to 65 yrs old forcing them to work as they cannot withdraw their money?
4) They said since Medisave is supposed to support their medical treatment, why they still hv to fork out so much cash to see dr and buy medicine as there are so many restrictions in using it to pay for their treatment?
Augustin Lee
TRS Contributor