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Talking through his backside

Hearing this ex-Paper General Ng Chee Meng 黄志明 talking though his backside really makes my blood boil!

If people had a choice, they would retire at 60 and spend their golden years with their grandchildren and taking life easy. It is only because the costs of living has been going up so much recently, and now GST, that they are forced to work even longer.

And all this PAP General is capable of saying is that they are increasing the CPF contributions for older workers? Is he thinking correctly in the first place?

Even those at the prime of their working lives, in their 30s and 40s, are subject to intense competition from FTs who do not pay any CPF contributions. By making older workers more expensive, isn’t this pricing them out further from the job market?

Speaking of which, retirement adequacy is absent for average wage earners MAINLY because of the low CPF interest rates – whilst Temasek and GIC are earning as much as 6% in the long term. Can’t CPF just pay out a higher interest rate and then this problem would not have existed in the first place?

Thankfully, the residents of Sengkang voted him out in place of someone like Jamus Lim .

We must regain our dignity, our country and our future!

 

Prabu Ramachandran

 

 

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READER COMMENTS BELOW

14 Responses to “Talking through his backside”

  • xoxo:

    I would expect much more substance from $cholar type$.
    What more a 3-Star General.
    How to lead in actual war scenarios?

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  • Reality:

    Reality is many cannot retire because they are cash poor.
    Not enough money in their CPF to retire early…the COL is too high for them.
    Too much money spend on their HDB flats…

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  • NotMyProblem:

    Thank you Sengkang voters for kicking this guy out of parliament!!

    Just hope when PAP put him in other constituency in the next GE, the voters would be smart enough not to vote him back!

    Knowing the stupidity of 61% Singaporeans, I could only hope!!

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  • CPF members lost millions each:

    “Speaking of which, retirement adequacy is absent for average wage earners MAINLY because of the low CPF interest rates – whilst Temasek and GIC are earning as much as 6% in the long term. Can’t CPF just pay out a higher interest rate and then this problem would not have existed in the first place?”

    Prabu got this right. Commenters at TRE have said this countless times. Most CPF members lost millions of dollars over their lifetime.

    We could have retired rich if the gov had paid us an honest CPF return of 6%. Instead, most cannot afford to retire, or retired poor.

    The CPF trustees are sitting on their bums with good pay, and not working hard enough for us.

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  • Harder Truths:

    I predicted this some time ago. CPF is the cash cow for TH and GIC. Now the GST is going up so must the CPF and other services as well. Eat until cannot eat- that is their motto.

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  • Hee:

    sg has wonderful great dreams or ideas!.Unfortunately most dreams or ideas are just thought.

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  • Paul Angel:

    The vast majority of pap ministers are stooges and yes men. They have sold their souls for position and wealth.

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  • C’est la vie:

    ******
    C’mon, … why would/should cpf even contemplate paying out a higher interest rate ?!!!

    If everybody’s happy to pay land costs on the acquisition of a lease, pay for a permission note to buy a car or pay towards a worthless/meaningless president, mayors or second/third ministers, … then, let the status quo continue and perpetuate !!!

    If nothing else, let us all be realistic with our comments/suggestions, … this is sg, haw !!!
    ***
    ******

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  • theforgottongeneration:

    Look, it is crystal-clear by now that our generals-turn-pap-ministers are fuxking useless, outside of Army and balls carrying. They are only where they are because of the exclusive Loong’s Army General club, where competency is clearing NOT a criteria.

    Think NYC – NOL/SPH; think LSS – slogan-talking zero-achiever; think TSL – designated wonderboy who turned out to be a lemon; think RL and LTY – how many train faults; think our highest paid PM/youngest BG in the world that can’t fly given a super-long runway; think GKY – founder of the No Blaming Culture cult; think CCS – inventor of Cotton from Sheep, etc. etc. etc… Why 61% keep supporting LOSERS?

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  • IloveCPF:

    Those who wished for CPF to increase interest rate will be happy to know this:

    DBS had just increased home loan interest rate from 2.3% to above 3.7%

    So, CPF gonna increase interest rate? If not, your CPF savings gonna depreciate and the solution might be raising minimum sum to $300K?

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  • James Lee:

    Disgusting and gullible policies dished out by the uncaring PAP Government over the past decades have undoubtedly created a substantial pool of SG senior voters living far below that poverty line.Whatever trusts that remain have all but disipated.The very least the one in power can do is to arrange for the immediate lump sum drawdown of another at least 20 percent by all seniors from their CPF account to meet rising COL.Act before it’s too late!!!

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  • James Lee:

    Disgusting and gullible policies dished out by the uncaring PAP Government over the past decades have undoubtedly created a substantial pool of SG senior voters living far below that poverty line.Whatever trusts that remain have all but disipated.The very least the one in power can do is to arrange for the immediate lump sum drawdown of another at least 20 percent by all seniors from their CPF account to meet rising COL.Act before it’s too late!!!

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  • Just curious, is he vaccinated with Saline or mRNA?

    It may explain the BS that he has been spewing because most vaccinated are suffering from what I would call ” The World Dies With Me” TWDWM mentality, i.e. 见不得别人过的好.

    These individuals have their DNA modified and are termed “gene Drive Individuals”, and anything can happen to their children, their grandchildren and their great-grandchildren.

    http://www.tremeritus.net/2022/07/25/your-children-grandchildren-and-great-grandchildren/

    Simply put, they just screwed their own future generations, if vaccine science is correct.

    What do you think?

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  • VFC:

    They are all from the same stock.

    Pinky:
    Govt Doing Everything Necessary To Help S’poreans With Rising Prices.

    Change can only take place when we change the pappy govt!

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