Has PAP crossed the red line on latest CPF nomination changes?

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An honorable member of the Coffee Shop Has Just Posted the Following:

The govt seems to be very comfortable with all the changes introduced to hold back the people’s life savings in the CPF. I must admire the govt’s confidence that the people will go along, albeit some kpkb, but nothing will happen. And it is all up to the govt and the CPF account holders are just hapless daft Sinkies that cannot do anything to protect their life savings. I am not going to say how far more or what else would break the camel’s back. In m view the back has been broken and now it is a matter of how the people will react to this violation of their life savings.

All the excuses and forced reasons to keep the people’s savings have not gone down well with the people. The majority does not believe any tiny wee bit of what was thought as good and logical reasons. No way. Even if the people are daft, they will not be so daft as to have their life savings snatched from their hands when they badly needed them. Does the govt really feel so confident that everything is fine?

The first red line that was crossed was the change in withdrawal date. The others were the Medisave Account, the Minimum Sum Accounts, the Retirement Accounts, Special Account and the latest, the Medishield Life. It was full withdrawal in cash at 55 with none of the abovementioned. The incremental changes introduced over the years have practically changed the CPF into something else. The CPF is the people’s savings, not a Charity to the govt, not a Pension Fund of the govt. How audacious for anyone to think he can meddle with it like it is his own money or his grandfather’s money?

How could the govt think that it can do all these things and get away with it? The number of oldies affected by these changes will grow daily. And so will be the anger. No? The people have no choice. We the govt will decide what to do with the people’s life savings. We will decide how to make use of the people’s life savings, like it or not, like compulsory payment to CPF Life and Medishield Life. We will change the rules whenever we, the govt, find it prudent and necessary to do so, according to what we think should be done. Your money?

The govt can think that way, can do as it like. The people, the owners of their life savings would also be thinking how to get their money back. And if voting out the govt is what it takes to get back their money, they will do so. Don’t count on it that the people are hapless and daft and will willingly allow the govt to hold their life savings for as long as it wants and to do as it pleases. The govt has breached the trust of the people by not returning the money to the people at 55. Now it is so hazy as to how much and when would the people be able to get their money back in full.

When would be Judgement Day?

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