[Napoleon Porlumpar]

Do you remember what triggered the biggest protest in Singapore?

Seems recent but the protests occurred in 2014. 8yrs ago. Some of the elderly who turned up proplbably passed away already...

But have the issues been resolved? Why were normally obedient Singaporeans so angry? ...



Time flies this was 8 yrs ago  The whole protest was triggered by a relatively minor event of increase in min sun to $155K.
At the same time CPF blogger Roy was sued for defamation.

The simple process of increasing min sum which had gone on for years unleashed a mountain of hidden resentment against the scheme.

This build up over a number of years starting with a shifting of withdrawal age from 55 to 60. Then implementing minimum sum below which cannot be taken taken out. Then in 2009, CPF Life. ...

For the poor folks they may have something like 50k locked up...such a sum is never enough for retirement anyway and they had expected to get it in full at 55 so they can take a short rest and maybe  get some relief for financial problems. The inability of touch this in full is big deal for them. Since the amount they have is not enough to fund retirement at all they prefer to get their hands on it.

It's like you put your money in fixed deposit and withdrawal date is 55. You anticipate it  then bank say now 60 then ...say you cannot get lump sum but in instalment.

I think for the rich CPF is just aside pocket. They don't even need to touch it for a good Life. They can leave it for children...many even top up for higher interest rate.

For the poor its quite different.

I was there at the protest and spoke to the folks there.
The elites are so rich now they cannot understand the anger on the ground.

Sinkies do what Sinkies do.......................which is to sleepwalk through elections..............and then complain no end after that.................then repeat...........