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Provide state loan to unemployed workers

Many countries have a system to provide a benefit to an unemployed person for a certain period of time.

I prefer that the state provide an unemployment loan, rather than unemployment benefit. Each unemployed person is allowed to take a loan from the government but the loan has to be paid back in the future.

The amount of the loan should be set at a subsistence level for the unemployed person. It can be higher for a person with dependents.

A benefit is an entitlement that does not need to be paid back.

Some borrowers cannot pay back the loan. In that case, it will have to be written off.

In the case of Singapore, an alternative is to allow the unemployed person to withdraw Central Provident Fund savings but does not need to be paid back.

This approach can be adopted during the covid pandemic and can be retained as part of the economic system after the pandemic.

 

Tan Kin Lian

 

 

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READER COMMENTS BELOW

28 Responses to “Provide state loan to unemployed workers”

  • What About The Sick & Old?:

    TKL,
    What about the sick and the very old (60 years and above) who cannot get employment because they are too old?

    Do these people eat grass and air to survive ? The PAP is spending more than 100 billions dollars to help employers, how come not single cents is going to these old people except for the S$600 which everybody is getting?

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  • xoxo:

    A LOAN?
    MR TAN,WHAT YOU THINK OF GOVT USING OUR RESERVES TO GRANT GENEROUS FURLOUGH TO NON-sgs?( much more than $600 many needy sgs receive out of THEIR OWN RESERVES)

    SGS DESERVE BETTER.
    TO GIVE BETTER/HIGHER BENEFITS TAKEN FROM OUR RESERVES to NON-sgs does not seem logical,not just unfair?

    The govt thinks our reserves is their own money and can suka suka dictate the Erected President to anyhow OK without proper accountability?

    How can the AUTHORISOR,IE,THE ERECTED PRESIDENT,DOES NOT HAVE TO DEMAND A FULL ACCOUNT OF WHERE THE MONEY WAS SPENT,CENT FOR CENT ,AND MAKE THE INFO AVAILABLE TO ALL CITIZENS WHO ARE THE RIGHTFUL STAKR-HOLDERS?

    ALL I KNOW AS A LAWFUL *SHAREHOLDER* OF THE RESERVES IS I HAVE BEEN GIVEN ONLY $600 OUT OF A PER CAPITA $23.5K.
    EVEN FTs/PRs who are NOT LAWFUL *SHAREHOLDERS* GET MORE?

    THIS IS WRONG *ACCOUNTING* PRACTICE?
    ITS LIKE A PUBLIC LISTED COMPANY ANYHOW ISSUE *DIVIDENDS* TO NON-SHAREHOLDERS WHO HAVE NOT BOUGHT THE COMPANY SHARES???

    MEANWHILE,THE REAL SHAREHOLDERS GET SHIRT-CHANGED?

    THIS IS NO JOKE,THE PRESIDENT MUST LOOK INTO IT.

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  • Again, Mr Tan is smoking pot I think.

    Liz gahment don’t take money from you already pray and thank heaven and earth liao loe, want them to give out money? Maybe lar, when GE around the corner, otherwise wait sibei sibei long long. In your next life, maybe.

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  • Dr. Chan:

    Being that the CCP virus was leaked or sent out by Wuhan Virology Lab which is funded by NIH under instruction by Dr. EVIL FAUCI from USA.
    The whole world should form an alliance to go after them for crime to humanity.
    Charge them in Nuremburg. Sue them for every penny for lives lost and economic devastation.
    Communist China and USA are equally responsible. Since they are the number 1 and 2 economies in the world then they should bloody pay up and sent the responsible to death or life sentence.

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  • Dr. Chan:

    Continue…
    Closed down all P4/P3 labs around. Ban all ‘Gain of Function’ research. Make it death penalty for this crime to humanity.

    Destroy all weaponized virus, bioweapon forever. And never let this happen again

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  • Support lah:

    Better to get such low interest loan from Government or allowed them to draw subsistence support from their CPF than to get high interest loan from loan shark to survive .
    Many are suffering now…

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  • Pioneer speaks:

    kin lian yr ideas interesting but not practical,sure alot defaults,
    I much prefer min wage and fixed pension for old unemployed sporeans above 60,
    Every yr we provide hundreds millions to foreign students whilst we have poor sporeans in our midst,stop that immediately,
    It makes my blood boil,
    What is point in asking for moon when we cannot even get that bowl of food in frt of our faces,yet we waste billions upgrading our our military hardware,stupid jewel,financing overseas students,and building rebuilding roads, look at thomson n upp thomson Rd it has had building works last 15yrs at least ,
    Mayors pd 660000 $ being white elephants,
    Just a fraction of these can ve used for min wage and old age pension ,sigh

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  • Kooi Kah:

    No need to take loan, just allow withdrawal of CPF.

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  • Harder Truths:

    TKL

    Let us be clear. Governments do not have money. They steal from us to pay their bills. What you are suggesting is they steal more of our money to give us loans, n the process taking a generous cut for themselves.

    You have a real problem. Seek help immediately.

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  • Singaporeans R Free Riders:

    Wah lan eh … TKL is talking cork again.

    There are many many many many fraudster, scammer Singaporeans out there who are waiting for the opportunity to exploit and free ride you.

    Don’t believe? Go ask Gilbert Goh the carrot head who got conned big time helping Singaporeans.

    Facts:
    http://theindependent.sg/activist-files-police-report-against-woman-who-said-she-lied-about-being-evicted-by-hdb-to-seek-donations/

    You trust Singaporeans will pay back your loan in the future ?

    GE2024.PAP.Guarantee.Win.HuatAgain
    Majullah $PAP$ $PAP$ Huat$ Huat$ Huat$

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  • PAP wasting money again?:

    Straits Times: Grow coral on Lego? How Singapore scientists are trying to protect the world’s reefs

    WTF. Taxpayers’ money should not be wasted on this kind of research.

    Keep it simple. Concrete is much cheaper than LEGO and lasts a lot longer.

    If this research is to keep foreigner doing research in Singapore busy. It is much cheaper (and a on-off expense) to give them a plane ticket to go back where they came from. Send them home.

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  • Political tsunami:

    I, Prophetise:
    1.50+ % boomers won’t meet retirement sum
    A Poor Singapore in the making.
    Low quality of life.

    2. Suicide rates, divorce rates to go up.

    Time will tell

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  • MarBowling:

    The various schemes of things wrt to USAGE of CPF(Con People’s Fund)is the Brainchild of Lee Kayu. Even his DSon dares not to touch it.

    Tan Golden Chain, if you want your suggestion of WITHDRAWAL of CPF(according to YOUR TERMS)and NO NEED TO PAY BACK, to Materialise, THINK you better make arrangement with a Medium or Monk(ey) Ming Yi to call up the SOUL of Lee Kayu for permission to FULFILL your PIPE DREAM!

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  • TKL's brain died:

    State loan to unemployed worker?

    TKL’s brain must have died but he does not know it yet.

    PAP-run government is greedy and always “rent-seeking”. Why would it agree to give a loan to the unemployed when the source of repayment is not known.

    In Singapore, if a Singaporean gets sick even die it his/her your business, not the PAP-run government’s. The same applies to those who lose their job to foreigners brought in by pro-alien PAP.

    Also note cremation is not free in Singapore. The last thing a Singaporean does when he dies is to pay the PAP-run government for cremation. Want to scatter ashes in a park? Have to pay PAP-run government again.

    PAP stands for “Pay-And-Pay” and “Pro-Alien Party”.

    “What’s wrong with (the government) making some money? – “Lee Con You”, “Mr GDP” (Good Dead Permanently)

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  • More PAP propaganda:

    Straits Times: Cleaners in S’pore to see wages increase over 6 years from 2023 under progressive wage model

    Cleaners got an increase. So what! How about other Singaporeans? Their wages have stagnated because of the massive influx of “cheap” (no CPF) foreign workers LHL allowed into the country since he became PM. BTW, he hid this fact. Was it because he knew he was screwing Singaporeans but was exposed by Woody Goh during the campaigning for GE2011?

    PM LHL also allowed HDB price to more than doubled since he became PM. HDB was used to “drain” the retirement savings of Singaporeans. The interest-earning cash in their CPF account was “exchanged” for over-priced, poor quality and basically depreciating (to ZERO) HDB flat.

    The large number of foreign workers not only took jobs away from Singaporeans and depressed local wages they also drove up prices. Singaporeans got squeezed and screwed big time by PAP.

    PAP wants a progressive wage model for cleaners instead of a MINIMUM WAGE for ALL Singaporeans because a minimum wage will highlight the widespread UNDER-EMPLOYMENT in Singapore resulting from the large number of foreign workers brought into the country by LHL depressing wages and their demand pushing up prices.

    LHL has been a TOTAL DISASTER for Singaporeans. LHL IS INDEED A FAILURE.

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  • Uncle Lim:

    TRE Techie:
    Again, Mr Tan is smoking pot I think.

    Liz gahment don’t take money from you already pray and thank heaven and earth liao loe, want them to give out money? Maybe lar, when GE around the corner, otherwise wait sibei sibei long long. In your next life, maybe.

    You’re right.

    G even turns Chingay into a ticketing event.

    I’m sure Thaipusam will follow suit.

    Every piece of state land is converted into paid parking.

    Both the G and the company managing the car parks make millions.

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  • Flickshit:

    Unemployment citizens should get help from the govt. IF the govt of the day, just turns blind eyes to help these family., Then I could say that ministers, mayors and Mps should resign and let other run the country.

    Greedy to the core and yet don’t even open your arm to help

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  • xoxo:

    My point is WHY SHOULD WE BORROW OUR *OWN* MONEY JUST BECOS THE GOVT CAN suka suka DECIDE WHO ( YES WHO) THE GOVT CAN GIVE * OUR* MONEY to?

    Mr Tan,dont mislead your countrymen.
    You are an imposter in truth ,trying to show social concern,arent you?

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  • mike:

    Dear @ TKL,

    How about life loan? Can take credit first for next life. I am sure it is a good idea.

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  • Mutated Spike:

    Is it true those unable to meet retirement sum can use their flat to cash out cpf?

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  • Pray they don't take the earth:

    Sinchiapor Inc. CPF is Pinky’s Crony-Capitalist Provident Fund mandated from the blood sweat tears of sheeples decades long labour. Fo $$$ure….you can have your public pigeon flat all your lifelong stresses and strains & ready to pay through your teeth for your public medical bills. Emperor Ownself check Ownself on your CPF savings, you siginna also ownself take care ownself ok?

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  • SEND FOREIGNERS HOME:

    Singaporean music conductor who became a delivery rider due to Covid-19 gets advisory role in arts charity -Today Singapore

    WTF. This speill not happen if PAP properly looks after the interests of Singaporeans and sends home foreigners working in the country. Singaporeans can take their job.

    PAP is indeed the Pro-Alien Party. LHL allowed the massive influx of “cheap” (no CPF) foreigners into Singapore “quietly”.
    Was it becausee he knew he was screwing Singaporeans? Anyway, Woody Goh exposed his deceit during the campaigning for GE 2011.

    LHL has been a TOTAL DISASTER for Singaporeans. He is indeed a TOTAL FAILURE because he believed his father’s (“Lee Con You” or “Mr GDP” – Good Dead Permanently) self-serving bullshit. Now it is too late for him. History will judge both of them harshly. Lee Con You wanted his house demolished because he knew after Singaporeans learn the whole truth they will surely burn his house to the ground. Many Singaporeans are waiting for a monument to be put up for LKY so they can spit, pee and/or shit on it. Many will even pay to do it. LKY failed Singaporeans because of his big ego. His son failed Singaporeans because of his stupidity and incompetence.

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  • STOP MSM propagandas:

    MALAYSIA gagmt allowed their citizens 12 mths of drawing $500 Ringgit each mth from their EPF(equivalent of CPF) during Covid 19.
    Our reserves estimated at $1.4Trillion, taking out some $30 Billions for the common ,and poor people during this crisi will mount to a peanut.
    BUT PAP gagmt adamantly refused in this time of great difficulties and sufferings to take out.
    So those who vote for PAP gagmt, now u know u shoot your own feet, as this gagmt is Not responsive and immuned to the people sufferings, hardships.
    THEY ALL LIVE IN THEIR IVORY TOWERS.
    In this very difficult time,our hard earned money in the reserves are not used to relieve SUFFICIENTLY the sufferings of unemployed, or those forced out of unemployment or reduced pay,and costs of high living in Singapore.
    Foods, things the price go up by 100% over the last 15 mths….thus
    IMPOSING great hardships on common people and families.
    The RICH and those earning easily $500k or $1M in annual salary ,dont feel a pinch at all.
    Remember ESM GOh Chok Tong once said $500k earning is mediocre.
    For a democratic parliament ,u need 45% of seats to be given to oppositions, and 65% to gagmt…
    ONLY WHEN Have 45% of seats taken by oppositions,then will the gagmt of the day be responsive to the people and really respect your power.
    MIND U WE GIVE THE POWER TO PAP GAGMT,WE CAN TAKE THIS POWER BACK, AND
    stop future sufferings of your children,grandchildren..

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  • Singaporeans R Free Riders:

    Dr. Chan:
    Being that the CCP virus was leaked or sent out by Wuhan Virology Lab which is funded by NIH under instruction by Dr. EVIL FAUCI from USA.
    The whole world should form an alliance to go after them for crime to humanity.
    Charge them in Nuremburg. Sue them for every penny for lives lost and economic devastation.
    Communist China and USA are equally responsible. Since they are the number 1 and 2 economies in the world then they should bloody pay up and sent the responsible to death or life sentence.

    Dr Chan, well said.
    The world must go after biggest human rights abuser Commie China and biggest hypocrite “In God We Trust” USA.

    The biggest human rights abuser force people to work from 9am to 9pm for 6 days, best known as 996.

    The biggest hypocrite prevent to show concern for Xinjiang Muslim but allow Israel to slaughter thousands of Palestinians Muslims.

    Both cuntry jolly well pay up for their crimes.

    This is international politics reality….. self interest come first.

    For those who trust China and USA, go get your brain check.

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  • liew mun leong must be jailed:

    TRE Techie:
    Again, Mr Tan is smoking pot I think.

    Liz gahment don’t take money from you already pray and thank heaven and earth liao loe, want them to give out money? Maybe lar, when GE around the corner, otherwise wait sibei sibei long long. In your next life, maybe.

    well said.

    but as can be seen in the past 15+ years, it is a FACT pap is going to take back every cent it has spent.

    and it is at the expense of cotton sheep.

    you see, S$100 billion pap spends on temasick companies must be made from somewhere else.

    from where?

    from cotton sheep, via GST rise from 7% to 19% to 12%.

    and from cotton sheep cpf by saying everyone lives longer and so cpf withdrawal age to increase from 65 to 67 to 69.

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  • Taking "umbrage". Again:

    Straits Times: Woman who refused to wear mask at MBS offered bail, asks for charges against her to be dropped

    “I have a very strong professional standing, not only in Singapore, but globally… I served in the navy for 12 years and was the first female commanding officer,” she said.

    —————-

    Another ex-SAF officer with a big ego taking “umbrage” after she was asked to wear a mask like everyone else. She is definitely not an “gentlewoman”.

    “Gentleman” or “gentlewoman” DO NOT:

    (1) Tell people who oppose him that he will meet them in a cul-de-sac with his knuckledusters

    (2) Tell people who oppose him that he will use his time to “fix them” instead of doing his job

    (3) Insult the public after being criticized for not stacking up enough masks for the pandemic

    (4) Do not call the people who criticize his political party “lunatics”

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  • They pay ZERO tax:

    Strait Times: Global minimum corporate tax unlikely to dim Singapore’s allure as high-tech hub

    Of course, it will unlikely affect Singapore allure as high tech hub because many, if not most, of them get a “tax break” as an incentive to setup in Singapore. Most pay ZERO tax for many years and are allowed to bring in as many foreign workers as they want instead of hiring “more expensive” (because of CPF) Singaporeans.

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  • Bad Boy:

    https://www.cna.com.tw/news/acn/202106080128.aspx

    憂院校改制使學歷貶值 蘇浙學生維權爆警民衝突

    Still remember past HK protests where many students involved. Many criticisms from PRCs. Sarcastic remarks calling hk students stupid, brain wash , no brains , unpatriotic …

    Today China ownself kena.

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