NDR: Are the CPF announcements good enough?
Lee Hsien Loong spoke at the National Day Rally, 17 August, about the CPF. In his speech, Lee Hsien Loong claimed that the CPF Minimum Sum is "not too much". However, as I have calculated, the median CPF payout inside Singaporeans' CPF is only about $55,000. This means that 50% of Singaporeans would have less than $55,000...
NDR: PM leads by tweaking & ignores elephant in room
PM Lee at NDR 2014 So the Prime Minister acted according to script and used the National Day Rally to talk about tweaks to CPF. He absolutely refuses to acknowledge the elephant in the room: low real rate of returns (and high real estate prices) is causing inadequacies in retirement payouts and with the Minimum Sum. Property...
Ten ugly facts about PM Lee’s NDR speech
PM Lee at NDR 2014 Ten ugly facts about PM Lee National Day rally speech: 1. No change at all - nothing much has changed about the PAP's philosophy and way of governance, you are pretty much on your own and no one owes you a living. If you don't have enough CPF to retire, pledge your house, if you have no house to pledge, haul...
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