How much CPF are Singaporeans losing to the Government?
For a long time, the government has denied that they have taken our CPF to invest in the GIC (Lee Kuan Yew denied this in 2001 and 2006, and Ng Eng Hen in 2007). (Click to enlarge) But in June this year, the government admitted for the first time ever that they take our CPF to invest in the GIC. They have long denied this and...
When should one stop saving for retirement?
Theoretically one should never stop saving for retirement if one can afford to as no one can tell how long would a person live. For practical purposes, and with statistics available, it is reasonable to say that most people would have died before they hit 90. By 80 probably 80 percent could have died. By 70 very likely 60 percent...
The people should get to decide the ministers’ salaries
Millionaire ministers I believe that one should not have a system where salaries are determined by oneself, or where a small group of selected individuals determine each others' salaries at the top. It will lead to the situation where the small group of individuals cares only about the well being of each other and other special-interests...
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