1) Raise the CPF returns or liberalize the system to allow Singaporeans to invest their own funds in appropriate trust funds or even directly into Temasek and GIC! To get this work effectively, basic financial management skills should be taught in our schools. If most Singaporeans are to proficient in managing their own funds, I do not see why we should just settle for that miserable 2.5% from CPF. They could even withdraw their CPF at age 55 and manage their own funds for their own retirement if they can prove their proficiency in financial management! 2) Change the HDB pricing mechanism to Cost-plus pricing system for New Flats. This will reduce BTO prices with minimum impact on resale market. 3) Public Hospitals should remain as Public, instead of thinking making money via Medical Tourism. There should only be one class of beds with REAL subsidies to citizens. A fair Universal Healthcare Insurance should be put in place. There are many other things that need to be looked into. eg. The CPF Life Annuity system is really a joke. I do not know whether it is just another scheme for PAP to make money or what but the payout is definitely profit-bias. This has been explained by many other bloggers in Singapore. Nevertheless, to solve the inadequacy problem of CPF, PAP will have to look hard at the three fundamentals here first. /// All in all, I have basically lost confidence in PAPs manipulation of the whole system and this is why, I do not trust them at all. Not with my CPF money. Their past and present tweaking of the CPF, HDB and Healthcare systems, on top of it, the ultra-liberal FT policy, have basically made me skeptical about their real intentions. My gut feeling is that there is a bigger problem in this whole system which is totally opaque to us. The only way to find out is to kick PAP out of power first. singaporealternatives.blogspot.sg/2014/08/pm-lee-is-total-failure.html
Posted on: Wed, 20 Aug 2014 04:57:40 +0000
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