CPF members who defer withdrawal to age 70 will be screwed
Every tweak to the CPF scheme is designed to increase CPF monies for GIC to ‘invest’. Propaganda would have CPF members believe there are benefits to defer CPF withdrawal from 65 to 70. Upon closer scrutiny, this appears to be just another scam CPF Life deferrers are scammed in the following ways: 1. At age 80, a...
Taxman Heng is neither Santa Claus nor Robin Hood
Speaking of the upcoming Budget earlier this week, Heng Swee Keat tried his best to temper expectations, saying he is neither Santa Claus giving out goodies nor Robin Hood doing great things. But something has to give, and someone has to do the taking. It looks like Singaporeans are bearing the brunt of it. Already we know for...
Connecting SMRT failures, 4th gen ministers & change of PM
This headline All EWL stations to see early closures, late openings on weekends and select weekdays in March (CNA) reminded me of the failure of the PAP administration to ensure that the trains run on time*. I mean even that incompetent World War II dictator, Mussolini, ensured that Italian trains ran on time. This failure is...
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