Sammyboy RSS Feed
20-10-2014, 08:30 PM
An honorable member of the Coffee Shop Has Just Posted the Following:
Quote:
CPF Board deputy chief executive Don Yeo said: "The CPF's sustainability is our key strength as it does not burden future generations, unlike countries whose governments have to borrow to finance their pension liabilities."
Don is dumb.
1. CPF scheme steals returns from sinkees to benefit;
2. Sharing across generations is the norm ...during good times, more taxes is collected while in bad times, less taxes is collected. Benefits are shared across generations.
3. How many countries are borrowing to finance pension? Just a handful.
Stop bragging about the CPF because CPF does not meet the standard of a pension in the first world.
Click here to view the whole thread at www.sammyboy.com (http://sammyboy.com/showthread.php?192344-CPF-Pointless-Brag&goto=newpost).
Quote:
CPF Board deputy chief executive Don Yeo said: "The CPF's sustainability is our key strength as it does not burden future generations, unlike countries whose governments have to borrow to finance their pension liabilities."
Don is dumb.
1. CPF scheme steals returns from sinkees to benefit;
2. Sharing across generations is the norm ...during good times, more taxes is collected while in bad times, less taxes is collected. Benefits are shared across generations.
3. How many countries are borrowing to finance pension? Just a handful.
Stop bragging about the CPF because CPF does not meet the standard of a pension in the first world.
Click here to view the whole thread at www.sammyboy.com (http://sammyboy.com/showthread.php?192344-CPF-Pointless-Brag&goto=newpost).