CPF daylight robbery explained to idiots

For CPF members who are still clueless despite being fleeced for decades, below is an image which I am hoping, maybe against hope, that you will finally be convinced.

(assuming GIC earns 6% long-term returns as stated)

 

Phillip Ang

* The author blogs at LikeDatOsoCanMeh.

 

 

 

 

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23 Responses to “CPF daylight robbery explained to idiots”

  • oxygen:

    CPF IS BACKDOOR TAX before 55 retirement age. AFTER THAT it is plain and simple -THEFT OF PRIVATE PROPERTY at common law and statutory law.

    If Sinkies cannot see this clearly, they are really TOO STUPID TO START EVEN DISCOVERING THEY ARE STUPID TO IMPOSSIBILITY.

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  • ase:

    Aiyar interest how much also no difference if they kapok your first $xxx,xxx.

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  • Too tired to care:

    Holding our cpf monies hostage…in return for votes for PAP.
    It works so theyre keeping it indefinitely..
    A few more tweaks coming up in the future
    Wait n see..

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  • Sinkis LOVE kelong:

    SINKIS LOVE KELONG KING PAP !!!

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  • Wake up:

    ase:
    Aiyar interest how much also no difference if they kapok your first $xxx,xxx.

    What you say is not true.
    With 6% interest, many CPF members will get compound interest of $1 million or more. The robbed interest is many times the minimum sum.

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  • l'ingenieur:

    I wonder why no one picked up on the transition from Minimum Sum Scheme to compulsory CPF Life. The payout periods were significantly extended, as a result the payouts got significantly cut.

    It is like the government betting on the fact that the general childless populace do not nominate their CPF recipients and all the funds (and payout liabilities) will just vanish should they pass on before the ripe old age of 90.

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  • Sinkies Deserve It:

    From the little skeletons coming out of the familee squabble, can you trust the husband and wife team managing our money? No conflict of interest? If wife needs more money to tikam on investments, will husband not agree? Why keep increasing population, Central Ponzi Fund needs more money? Why no transparency? Husband and wife team planning a dynasty?

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  • Patriot Tan:

    The 2.5% & 4% paid are further erroded thru inflation by manipulating currency & other costs of living like transport fare & water prices. The savings are further taken away by the government thru overpriced hdb flats & medical costs.

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  • PAP has the mandate:

    Only the 70% daft, gong gong and goodu Stinkies do not know or pretend not to know that all the while the PAP government has been using CPF money for poor investments and losing lots of money to a point that they knew that CPF is gone…The CPF is just like mandoff scam in the US. Only on papers or CPF statements that Stinkies are happy like F%^k withe the numbers…hahhaahaha

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  • PhilipArse:

    if you put your cash with DBS and they give you 0.05% interest, why don’t you ask DBS to give the full investment profit they made?

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  • PAP.SURE.WIN:

    PhilipArse:
    if you put your cash with DBS and they give you 0.05% interest, why don’t you ask DBS to give the full investment profit they made?

    Very well said.

    Clap, clap, clap.

    Only people with mental block will subscribe to Philip Ang or Roy analysis.

    Majullah S$1 to RM 3.09 and PAP to Eternality
    GE2020.PAP.Guarantee.Win.All

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  • N.Jungne:

    Collect cardboards or sell tissue papers lah, where got CPF left?

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  • PhilipArse:
    if you put your cash with DBS and they give you 0.05% interest, why don’t you ask DBS to give the full investment profit they made?

    The difference is you can choose another bank to park your money in. You can shop around. With have no choice! Surely any reasonable person can see the difference.

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  • D B S:

    PhilipArse:
    if you put your cash with DBS and they give you 0.05% interest, why don’t you ask DBS to give the full investment profit they made?

    This argument can fool only the ignorant (and, sadly, there are many).

    The total CPF money can buy up DBS, and many more banks. So, yes, CPF members can get all the profit that DBS make.

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  • 上梁不正下梁歪!:

    Well done at summarising , Phillip!
    Singaporeans won’t understand the issue easily.
    Please simplify it further.
    To say to idiot proof it would be rude.
    So I won’t say that.

    Truth be told , vast majority singlians trust the CPF.

    They really dun see the issue.

    Top in the world in maths and science.

    Dun pray pray.

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  • Lidat how to win?:

    You said it, “IF you put your cash with DBS”

    CPF, can “IF” one meh?

    If your mental is not block, is too tiny for anything to get in?

    Slap, slap, slap.

    PAP.SURE.WIN: PAP.SURE.WIN:

    PhilipArse:
    if you put your cash with DBS and they give you 0.05% interest, why don’t you ask DBS to give the full investment profit they made?

    Very well said.

    Clap, clap, clap.

    Only people with mental block will subscribe to Philip Ang or Roy analysis.

    Majullah S$1 to RM 3.09 and PAP to Eternality
    GE2020.PAP.Guarantee.Win.All

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  • KNN:

    “philiparse” you’re really the one that has shit for brains.

    Why not you go to CPF branch today and ask to draw out $10?? See how much they give you?!?! They will probably call the Cisco guard to kick your ass to the road!!!

    Money in the bank — can withdraw anytime, can also transfer online anytime.

    You say low interest???? That’s becoz you have shit for brains.

    My spare cash (between $5K to $50K) I put into safe local investment-grade short-duration bonds. Have been getting 3+% per year for the past 20 years liao.

    And if I need the money, I can sell my short-duration bonds & get the cash in my bank account within 3 business days.

    PhilipArse:
    June 17, 2017 at 12:15 pm

    if you put your cash with DBS and they give you 0.05% interest, why don’t you ask DBS to give the full investment profit they made?

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  • ase:

    If they give you 6% interest, so you can compound to more than $1 million, but Minimum Sum become $1 million you happy? This is all 朝三暮四.

    Wake up: What you say is not true.
    With 6% interest, many CPF members will get compound interest of $1 million or more. The robbed interest is many times the minimum sum.

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  • C'est la vie:

    *****
    Saya salute awak, Philip for ……… endeavouring and persevering.

    Most would have thrown in the kitchen sink with the towel, but you are still there, still hoping against all hopes that maybe, maybe with graphics in pictorial form, that it may trigger what little movement that may still exists within the internal space that exists above our forehead, which we recognise and call, the brain ………. and the “simpletons” will see, realise and get it !!!

    But, truthfully ……… it’ll all be in vain. They won’t get it cos they don’t wanna. They want to believe in the goodness and decency in men, men that promised them that home ownership is right, is good and will be an asset that will serve them well, serve their children well too, and if they believe in “fairies”, that it’ll further serve their children’s children too; and that all of this is only ever possible because the PAP are “dream-makers”, making their dreams of home ownership a reality.

    Let them believe, Philip.
    **
    *****

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  • 子不教,父之过:

    What does “Supplement Government Budget” mean?

    I digress :

    上梁不正,下梁歪。
    子不教,父之过。
    都是金钱惹的祸。
    贪钱无底洞。
    下流无耻。
    贪,憎,痴。

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  • SOF:

    CPF has been turned into another layer of taxes. The recent famiLee saga has shown he can’t run a country if the family can’t run itself.

    Give up CPF for lost and educate oneself on investments to make up for the loss.

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  • oxygen:

    @ SOF

    SOF: CPF has been turned into another layer of taxes. The recent famiLee saga has shown he can’t run a country if the family can’t run itself.
    Give up CPF for lost and educate oneself on investments to make up for the loss.

    HDB home ownership is a foacking lie. Asset enhancement politics is another SCAM transferring wealth from the mass of peasants to a few natural and unnatural elites. Ministerial pay structure is a foacking SCAM but the wealth accumulated via this scam enabled them to richly exploit and advantage the full potential of their fabrication of asset enhancement politics.

    CPF is backdoor tax before 55 and after that is THEFT OF PRIVATE PROPERTY to your mortality. CPF enhancement policy is BAIT-AND-SWITCH m*sturbation of ules and regulation to lock up money of even the dead.

    Shakespearean tragedy at its best – 70% of the dumbfarked peasants are either

    - too stupid to know they are stupid

    or

    - too stupid to even starting to suspect and discover that they are stupid to impossibility.

    The hypocritical worship of ‘EASTERN VALUES’ of family values – a cynical tool of obedience exacting from peasants to preserve the status quo – imploded on the national and global stage for all to see. PINKDOT must be stunned at this PAPpy “Mau Ku Lau Su” (when the rats die, all the cats in the world assemble in unison crying crocodile tears of misery and sorrow of false morality) showbiz caning them for being ‘DIFFERENT” and barricading them soon in HLP.

    Since the GFC, the political and economic architecture in the world has COMPLETELY CHANGED. The PAPpys have NOT change even ONE, oh, just one of its flawed policy pillar even.

    Any wonder why Sinkieland is marginalized on the economic front of stagnant wages, ever -escalating job insecurity, public disorder and disobedience from the educators’ bashing old man in Kopitiam over seat reserving, to female spying of female nudity for sale on internet to OFO bike trashing, to hit-and-run car accident, to parking of double lots to chopeing of handicap parking lot, to gay sex on demand on MRT.

    The economy is disintegrating and this country is falling apart -faster in the last few year. Before I go to Tern Sua, must I moan and grief for this nation every day instead of peaceful calm before I got an invitation from divine on my mobile phone that my time on this earthy planet has expired?

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  • Can You Hold It in Your Hands?:

    If you cannot hold it in your hands, it’s not yours. Stop crying over something that you cannot hold in your hands.

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