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Full Version: GIC posts stable real return above inflation
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GIC posts stable real return above inflation
READ: https://str.sg/wEtJ
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Borrowing cheap CPF savings to invest

Paying nothing from investing profits /and ROI to CPF members
Can they just just manage the CPF and give us the returns.

Why have such a structure.
They said the it helps to fund the budget.
Why should our CPF be handed to GIC and used to make up short fall in budget. Budget should be funded with taxes . And this way of financing the budget is subsidising the rich with lower progressive tax.

It is done at the expense of Singaporeans' retirement.