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many including myself tend to forget money printing, and in turn inflation is an indirect govt tax...
in a way, the govt tax or penalise u for placing yr cpf retirement monies with them becos inflation rate is higher than the so called risk free riskless floor rate..
ya so versatile can buy inflated public housing, buy gold buy stock, to the extent min sum and min age to withdraw keep increasing..hee.
in a way, the govt tax or penalise u for placing yr cpf retirement monies with them becos inflation rate is higher than the so called risk free riskless floor rate..
ya so versatile can buy inflated public housing, buy gold buy stock, to the extent min sum and min age to withdraw keep increasing..hee.