Last week, I had written about how the PAP had used our CPF and HDB to make money for themselves. I have also made this video to explain how they had done so.
In this video, find out how Singaporeans are made to pay the largest chunk of our wages into CPF but receive the lowest returns, such that our retirement funds become possibly the least adequate in the world.
Not only that, when you use your CPF to purchase your flat, you might not know of a secretive interest that you have to pay. This secretive interest will mean that your $300,000 flat will cost you more than $1 million after 50 years.
Watch this video to find out how this happens and how the PAP uses the CPF and HDB to undermine Singaporeans, by turning your retirement funds and your homes into their banks for their taking.
You can also read more in this article.
On 3 May 2014, we will be organising an event to demand for the rights of Singaporeans to earn fair wages and receive rightful employment. For too long, the PAP has overrode our rights by marginalising our wages and not protecting Singaporeans’ ability to find employment. The PAP’s policies have distorted our wages and employment and leave Singaporeans with lower and lower purchasing powers. It is time we stand up and demand that Singaporeans should be paid higher wages to afford the rising cost of living in Singapore. It is time we stop the PAP in its path that can bring Singapore further down.
If you’ve decided to attend the event, do pledge a $1 commitment to attend this event. Each pledge will be used for the event. We hope that more Singaporeans would take a stand and come together in a show of unity to let others know that it is time we will no longer allow our rights to be abused right in front of our eyes. We need to take our country back. You can transfer your $1 by ATM, Internet banking, or cheque, etc, to POSB Savings Account No. 279-12328-0.
The more people who come, the more they will realise they cannot have their way. The future of our country can only be decided by the collective will of the people in Singapore and not by their wanton greed.
You can join the Facebook event page here.