If you are the government and you cannot govern with good
decisiveness and objectivity and given way to greed and allowed
their cpf eventually to be depleted, due to liberalizing on their
playing cpf with shares and property speculation, are you a good
government and have you really succeeded on the original intention
of making cpf people's retirement nestegg.
Let's just admit it, it is a failure this cpf retirement scheme
because of government lack of insight and foresight over the way it
has been put to use for various speculations.
Now it is too late as most people have lost their retirements on
mortgaging their retirements on HDB purchases, share purchases and
other speculation which government should have been wise to
avoid.
Another mistake is now to be made because of top-down autocracy
again this time - postpone receipt of their final CPF balance (at
55 they already deferred their collection) - depriving citizens of
their wish to use their balance for whatever they need for
retirement which they know best.
The few thousands of people who live beyond 85 should not result in
a punishment on all the rest to give up receiving their final
balance at a younger than dying time.
That is the proper meaning of retirement which PM Lee has failed to
understand !!!
If there is a election now, PAP will lose 5 seats.
