Sammyboy RSS Feed
13-05-2014, 01:40 PM
An honorable member of the Coffee Shop Has Just Posted the Following:
In the 86 the pap reduced cpf return from 6+% to 2.5%.
Why?
If you put aside $100 a month at 6% interest p.a. from age 25 to 65,
you will have $191K at age 65
If you put aside $100 a month at 2.5% from age 25 to 65, you will.only
have $81K
The difference is $110K more than double the amount you put into CPF .
for every dollar you put into cpf, the pap could make more than $2 by investing it and and keeping the extra returns.
Do you know it was the British colonialist who started CPF as a forced savings scheme
in 1955? Do you know local politicians at that time spoke against British colonialist for exploiting the pple of Singapore by paying them low returns?
If fact this form of extracting funds from the pple was exposed by the PAP itself who accused the British colonial masters of exploiting the pple by paying low returns on provident funds. They accused the British of colonial exploitation and urged the pple to.fight for their rights and independence. Once the British was out, they quickly increase the return on cpf from.2.5% to a record high of 6.5% in 1986.https://thehearttruths.files.wordpress.com/2014/04/slide24.jpg?w=830&h=466
Then they turned around...why? 1986 was the yr PAP replaced many of its old guards who fought for the pple for independence from the British.
Once the champions of the pple were out of the way, the re institute extractive schemes of the British to benefit themselves and became the .ew exploiters of the people.
The money belonging to the people is used to create high paying jobs for the elites
managing reserves.
Click here to view the whole thread at www.sammyboy.com (http://www.sammyboy.com/showthread.php?181506-Truth-Exposed-why-PAP-reduced-CPF-returns-from-6-5-to-2-5&goto=newpost).
In the 86 the pap reduced cpf return from 6+% to 2.5%.
Why?
If you put aside $100 a month at 6% interest p.a. from age 25 to 65,
you will have $191K at age 65
If you put aside $100 a month at 2.5% from age 25 to 65, you will.only
have $81K
The difference is $110K more than double the amount you put into CPF .
for every dollar you put into cpf, the pap could make more than $2 by investing it and and keeping the extra returns.
Do you know it was the British colonialist who started CPF as a forced savings scheme
in 1955? Do you know local politicians at that time spoke against British colonialist for exploiting the pple of Singapore by paying them low returns?
If fact this form of extracting funds from the pple was exposed by the PAP itself who accused the British colonial masters of exploiting the pple by paying low returns on provident funds. They accused the British of colonial exploitation and urged the pple to.fight for their rights and independence. Once the British was out, they quickly increase the return on cpf from.2.5% to a record high of 6.5% in 1986.https://thehearttruths.files.wordpress.com/2014/04/slide24.jpg?w=830&h=466
Then they turned around...why? 1986 was the yr PAP replaced many of its old guards who fought for the pple for independence from the British.
Once the champions of the pple were out of the way, the re institute extractive schemes of the British to benefit themselves and became the .ew exploiters of the people.
The money belonging to the people is used to create high paying jobs for the elites
managing reserves.
Click here to view the whole thread at www.sammyboy.com (http://www.sammyboy.com/showthread.php?181506-Truth-Exposed-why-PAP-reduced-CPF-returns-from-6-5-to-2-5&goto=newpost).