The money you pay is for GIC and Temasek to earn

Maybe it’s easier with quick numbers: your social services in Singapore

(1) CPF RETIREMENT FUNDS
- you earn 2.5% to 4% on the majority of your CPF monies
- GIC and Temasek Holdings earn 5% to 15%
∴If their earnings are returned to you, Singaporeans will be able to have adequate retirement funds

(2) MEDISAVE HEALTHCARE FUNDS
- Singaporeans only get back about 10% of the Medisave you pay every year (and only about 1% of the total Medisave balance)
- The rest of the 90% (or 99% of the total) is given to the GIC and Temasek Holdings to earn
∴If the Medisave you paid is returned to you, Singaporeans will be able to have free healthcare

(3) UNIVERSITY FEES
- Singaporeans pay one of the most expensive public university fees in the world
- Singapore’s public universities earn surpluses and the government gives scholarships of more than S$400,000,000 to international students. The surpluses are given to the GIC and Temasek Holdings to earn
∴If the surpluses and scholarship monies are returned to you, Singaporeans will be able to have free university education

(4) PUBLIC HOUSING
- Singaporeans pay for the most expensive public housing in the world
- An estimated 60% of the HDB public flat price is for the land, but Singaporeans do not own the land. The land sales are given to the GIC and Temasek Holdings to earn
∴If the money you pay for the land is returned to you, Singaporeans will be able to have affordable public housing

(5) WAGES
- Singaporeans earn the lowest minimum wage and one of the lowest median wages, as compared to Western countries with a similar cost of living
- Singapore’s wage share of GDP is only about 40% as compared to an average of about 55% in these other Western countries (wage share = share of GDP that goes to wages). The wages that are not returned to Singaporeans go to profits, and the profits from state-controlled companies are given to the GIC and Temasek Holdings to earn
∴If the profits are returned to you, Singaporeans will be able to earn adequate wages for the cost of living in Singapore

Basically, the PAP government has devised multiple ways to transfer your money from various sectors into the GIC and Temasek Holdings to earn.

Singaporeans are not able to earn adequate wages and retirement funds, and are not able to have affordable healthcare, housing and university fees, because the government has taken your money away to earn, instead of returning it to you.

Then, you have to pay more on top of what you have already paid. And if you can’t pay, you cannot access these services. That’s why, some people choose to die.

If you want your money returned for your social services, you have to stop the PAP.

 

Roy Ngerng

 

 

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10 Responses to “The money you pay is for GIC and Temasek to earn”

  • patriot of TUMASIK:

    DECEIT is the NAME and Lying & Cheating is the GAME!!!

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  • LIONS:

    Sgs who congregate here are mostly from the 35 pct of sane n rational citizenry.
    The 65 pct are the ones who need awakening n convincing.

    Sure,the PAP will hand out LOLLIE$(funded with the SAME TAXPAYER MONEY that they told the young voters cannot be used for SOCIAL ASSISTANCES FOR OLDER SGS) prior GE but ppl keep forgetting the sane govt will $UCK their Dollie$ afterwards?

    How stoopid can daft sgs remain?

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  • greed knows no bounds:

    ‘Robbing’ peasants in broad daylight.

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  • Singapore Pools:

    Anyone check whether Singapore Pools collected funds are accounted for as revenues for Singapore.?

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  • LIONS:

    Btw,roy,if young sg voters(forget PG who are lesser educated) want to exchange their votes for lollie$,its their choice.
    And,if,later,they lose their jobs to some FTs,i cant be bothered!

    YOU REAP WHAT YOU $OW!
    And,if you still wanna $OW WHAT YOU REAPED,SO BE IT!!!

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  • Bobo:

    Not sure if two friends boasting or not. His wife got 6 months bonus working in TH. Salary also higher than market rate. How about the rest?

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  • NotMyProblem:

    North Korea uses starvation to control its citizens.

    Singapore use CPF to control its citizens. The more you tried to go against the PAP, the longer the government held back your CPF and the less money you can take out.

    Anyway 70% loves it this way.

    When Malaysia’s Numbor Satu Official tried to transfer money from 1MDB, Malaysians were smart enough to vote this person in-charge out and recovering the missing money.

    Singapore, with better education, more than 7 out 10 working adults held some kind of Uni degree, were unable to know what happened in GIC, GLC, CPF, Temasick and how much the CEOs were taking from taxpayers.

    See in coming GE are Singaporeans really smarter!!

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  • Samuel S:

    The problem is these arguments are from the writings of RN, if they have been words from TCB they will be more acceptable and contrued as truth.

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  • Crony corrupted and loving it:

    Wow, it sounds like a Ponzi fund! Are you dead sure?

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  • NotMyProblem:

    Bobo:
    Not sure if two friends boasting or not. His wife got 6 months bonus working in TH. Salary also higher than market rate. How about the rest?

    It could be true, after all it was taxpayers’ money, not the HoLeeShit’s money. All this bonus was meant to keep everyone working in TH mouth shut. After hearing evil and seeing evil must SAY NO EVIL.

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