Our CPF Scheme Is The Worst Retirement Scheme In The World
Yesterday we highlighted the disgraceful situation of how 70% of our seniors aged 60 and above are not able to pay their monthly expenses. The PAP runs a broken system called the CPF which is a farce and does not provide for retirement adequacy. The average monthly payout under the CPF is a measly $355 per month. Something is...
Maintaining stable Singapore dollar not GIC’s function
GIC manages government reserves and CPF monies. Its aim is to generate long-term real returns above global inflation by investing 100% in overseas investments. Forex intervention and maintaining a stable Singapore dollar is done by MAS, not GIC. However, Singaporeans have been told that GIC is unable to disclose the size of...
Socialism and communism
Click to enlarge Many people confuse socialism with totalitarianism. Totalitarianism is a system of government that is centralized and dictatorial and requires complete subservience to the state. The opposite is a liberal society. In the past, many socialist countries are also totalitarian but this may not be the case. They...
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