Thanks for sharing your brilliant ideas. You are doing a great service by sharing your thoughts. This proves our system of home ownership, asset enhancement, the
CPF system and even promoting the family unit is all working well.
But we have to take note that we need to be open to FTs as they are the ones who will be our tenants when we retire. In retirement, we will be landlords.
We also need to maintain our
CPF system, the
CPF min sum, to ensure that we have money when we retire. We cannot allow people to take their
CPF and spend as they wish as they will suqander their
CPF and will be penniless in their old age. Without the
CPF, we will not save as it is human nature to spend and spend without saving much. With the
CPF system, we can own our
HDB flat and retire with our
CPF Life. We have a great system indeed, the best in the world.
As you have shown, our retirement formula is =
HDB flat +
CPF Life + children allowance