Originally posted by BillyBong:
Not to mention they also plugged the CPF contribution loophole 2
years back that enables holders to bank in larger sums into their
ordinary acc on top of their monthly contributions to enjoy the
relatively large 2.5% interest rate.
My position on the US social plan is based exclusively on the
showering of unemployment benefits given to the homeless and
unemployed. It doesn't apply to the social and welfare plan to US
citizens as a whole.
A continued extension of such free money to these people = no
incentive for these so-called needy to get an education or a job.
All they do is drink booze and harass passer-bys, a by-product of a
flawed scheme.
In France for example, they provide unemployment benefits on
condition that those who apply upgrade themselves and get a job. At
least such people will eventually contribute to society.
Such a scheme is definitely more beneficial to a county as whole
rather than a no-strings-attached free cash flow.
Your concern is being addressed by the present US President, as
he is proposing a structural change to the entire Social Security
Program.
Interim change has been implemented in which thos unemployed will
have to show proof that they have made efforts to seek gainful
employment over a continuous period of at least six months,
thereafter the entitlement is removed.
Can anything more be done to those who prefer to lead the life of a
vagrant ?
To be fair, the US Social Security System has paid attention to
unwed mothers, and families with broken homes to start afresh, with
subsidies offered to purchase new homes.
These US Social Security 'hand-outs' to victims of political or
economic upheavals or natural disasters has no comparisons to any
programs offered to Singaporeans facing similar
circumstances.
The present Government a.k.a the Ruling Party keep 'blowing our own
trumpets' to drown out the voices and obscure the sights of
progressive events that are developing elsewhere.
They prefer to instil fear, helplessness and paranoia amongst
Singaporeans of competitions from other countries, of strikes by
terrorists, of price increases to basic commodities - rather then
to focus on the positive developments of other Governments, which
if adopted by Singapore will affect the Political and Financial
positions of the Government and Ruling Party.
So the suffereings and charades continue.
