[Video] The Dirty CPF-HDB Scheme To Trick Singaporeans

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.

Protest Poster 4

Advertisements

9 comments

  1. eric

    Being anti pap is your full time job? Cpf is a great scheme for most of us, no? Are you not anti everything pap govt did? From schools, healthier, housing, cpf etc. U busy sign?

    Btw, how is Han Hui Hui, the new citizen? do u agree she shd be a citizen? Or Alex tan’s wife who is a foreigner? Lol. Get a job sexispider.

  2. John Koh

    I never felt tricked. It’s a great move to maximize CPF in all aspect and provide HDB loans to many where private housing loans are not within their reach. Please look at the big picture! The social and security gains for many and non just petty financial gains you expect or ‘loss’ from a personal point. Are you in difficulty? Your parents, brothers or sisters…? Look around you..of cos we all want better now or for the future. That doesn’t mean the present is unbearable and need to change our leaders.

    • Sgcynic

      Aren’t you not in difficulty? Your children, grandchildren? Status quo lah. The future will be unbearable… Need to change our leeders.

  3. Pingback: PAP Still Doesn’t Want To Let Singaporeans Know What They Are Doing With Our CPF | The Heart Truths
  4. Seth

    I have always thought the CPF was a funny thing.. when they changed things without first asking Singaporeans for their approval
    Am sharing this video.

  5. Home page

    Awesome blog! Do you have any tips for aspiring writers?

    I’m planning to start my own site soon but I’m a little lost on everything.
    Would you suggest starting with a free platform
    like WordPress or go for a paid option? There are so many options out there that I’m completely overwhelmed ..
    Any ideas? Appreciate it!

  6. Pingback: Lee Kuan Yew on CPF | Singapore Politics: Blog

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s