Why do we need CPF?
Can't we just save some earnings in the bank every month? People
can also devide them into the same percentage as CPF. By this, the
govt. can't 'invest' in our hard earned CPF.
For e.g. My family. When govt. 'borrow' a % of their CPF $ to
bail something out etc. They complain. However, they kept
emphasizing that w/o CPF, is sure fail. ???
Any comments?
most of us have quite a bit of problems with savings, one ex
colleague of mine used to borrow from me regular because he
couldn't make ends meet.(he spends as much as he makes) i can't
imagine 40 years down the road what he do without cpf.
CPF itself is a good idea for most of us, and it provided a
source of funds to the govt. if you allow people to put in bank and
let them touch it it'll be gone for a lot of people very soon. so
its sort of a win win initially.
Andrewpkyap's saying also semi-correct minus the insults, it got
twisted into something else that made people feel unhappy. can't
say for sure who's correct but when you get lawS added that keeps
money off your hands and surveys that say companies don't mind the
cpf rather cost taken off elsewhere but govt say companies mind no
need to consider elsewhere, can stir up a lot of negative
feelings.
