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23-05-2011, 10:30 PM
I like your proposals very much Tanjm! Especially with the 2 points below:
Point 3 - this way, conservative retirees can protect their retirement cash needs, and govt bears the pain if they let inflation get out of hand.
Point 5 - this I like the most! It encourages we take care of our own - like in the old days with the chinese clan assosiations. But we now extend it to all Singaporeans taking care of Singaporeans - irregardless of race, religion, or political leanings. At grass roots level, we can better decide who "deserves" support. Free-loaders and those who gambled away their retirement savings should not be treated the same as with genuine hardship cases who find themselves in a temporary bind due to circumstances beyond their control.
I've visited welfare countries (everything is free from cradle to grave - but at the price of 50% tax for those working) where some of my colleagues have expressed disgust at subsidising their lazy neighbours (same citizens - not immigrants) who prefers not to work but enjoy state unemployment benefits and drink all day.....
My biggest fear is when we have an entitlement attitude. Just because we are born a Singapore citizen we deserve.......
I am now working in Athens, Greece. We should never subject ourselves in a position where we go begging to other countries to bail us out. Some German megazines even suggested Greece sell some of their islands...... Once upon a time, we sold Christmas Island to Australia - short-sighted Lim Yee Hock government.
Small government fan.
Point 3 - this way, conservative retirees can protect their retirement cash needs, and govt bears the pain if they let inflation get out of hand.
Point 5 - this I like the most! It encourages we take care of our own - like in the old days with the chinese clan assosiations. But we now extend it to all Singaporeans taking care of Singaporeans - irregardless of race, religion, or political leanings. At grass roots level, we can better decide who "deserves" support. Free-loaders and those who gambled away their retirement savings should not be treated the same as with genuine hardship cases who find themselves in a temporary bind due to circumstances beyond their control.
I've visited welfare countries (everything is free from cradle to grave - but at the price of 50% tax for those working) where some of my colleagues have expressed disgust at subsidising their lazy neighbours (same citizens - not immigrants) who prefers not to work but enjoy state unemployment benefits and drink all day.....
My biggest fear is when we have an entitlement attitude. Just because we are born a Singapore citizen we deserve.......
I am now working in Athens, Greece. We should never subject ourselves in a position where we go begging to other countries to bail us out. Some German megazines even suggested Greece sell some of their islands...... Once upon a time, we sold Christmas Island to Australia - short-sighted Lim Yee Hock government.
Small government fan.
Just google singapore man of leisure