PAP Endlessly Scamming Your CPF

[Loofydralb]

next Jan SA close and move to OA 2.5% too ...

That's another scam too.

 

[Papsmearer]

After paying 600k + accrued interest, 99 yrs later your property will still nid to be returned to your landlord i.e.Hdb.

Yup, one of the biggest cons in the world

 

[Papsmearer]

The CPF itself is a colossal scam. It doesn't matter what modifications the PAP technocrats make to it over the years.

U can see it, I can see it, but 70% gong cheebyes cannot see it. why is that?

 

[Loofydralb]

U can see it, I can see it, but 70% gong cheebyes cannot see it. why is that?

You answered your own question.

They're gong cheebyes.

 

[Leckmichamarsch]

CPF is not a retirement plan, it's a forced savings plan that is actually an asset depletion scheme. It's a major taxation which sinkies don't know about. When they take your CPF and pay you 4.5% but then invests it and makes 10%, the 5,5% difference is a tax. This is an ongoing monthly tax. The big capital one time tax is HDB. Where they build the flat for $100K or less and sell to you for $600K. The $500K is one time upfront capital tax.

well said bro tankee

 

[Papsmearer]

You answered your own question.

They're gong cheebyes.

if 70% of the country is really gong cheebyes, we would have gone under long time ago

 

[Likemeat]

if 70% of the country is really gong cheebyes, we would have gone under long time ago

Their grand children and children will suffer.

 

[Loofydralb]

if 70% of the country is really gong cheebyes, we would have gone under long time ago

It has gone under for a very long time.

SG has the highest debt per Capita in the whole world.