12 Oct '11, 12am

"I actually think he (Tan Chuan-Jin) is one of the more promising young leaders from the PAP. It is rare that I...

(In the ideal state, we have each generation paying for its own retirement. The issue here is not whether the those who are retiring have paid - they were setting aside 20% of their income for CPF...so did they end up with insufficent to retire on? ...We will go to the other factors later on. However, each generation paying for its retirement is a good principle to go by to we don't end up in a vicious cycle of either heavier taxation or debts with each generation. However, within each generation and the current generation,. there is income disparity. When you have disparity as large as those we have today, some people cannot have a proper retirement due to this inequality - that is where progressive taxation can help to bring some equality and provision for those who cannot afford to retire. How long do we Singaporeans have to endure the sight of 70 year old cleaners - it...

Full article: http://singaporemind.blogspot.com/2011/10/cpf-new-face-ne...

Tweets

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