The PAP has abused our CPF to finance infrastructure and even - TopicsExpress

The PAP has abused our CPF to finance infrastructure and even mandated low returns for potential retirees for decades. This is the reason for Singaporeans’ retirement shortfall. In the first couple of decades post independence, our budget did not allow the PAP government to construct HDB on such a massive scale nor build new factories, ports and telecommunications, etc. With control of Parliament, there was nothing to prevent the PAP from channelling our CPF into any project at its whim.

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