Is the NDR speech of the nature of a charlatan?
PM Lee at NDR 2014 There had been so much hype about PM Lee Hsien Loong's National Day Rally that it was not a surprise if Singaporeans', especially the less-privileged class, has expected something spectacular to be announced by PM Lee to uplift their living and social conditions. So apart from those privileged hundreds who...
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...
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