Looks like we are going to be getting six grand for free, dumped directly into our impenetrable Mandatory Provident Fund (MPF) accounts.
Essentially, that means bankrolling the hidden tax, with surcharges being paid to private fund managers. Most probably by the time I retire, the amount would have been devalued to near nothing if we take into account the present value theory, the price index and all that.
This is really crap seriously. I thought the government's windfall should be aimed at helping the one in needs (i.e. the poor). But then, the poor do not have MPF.
So what are we talking about? Can someone explain this to me in plain English or illustrate with simple Mathematics please?
Essentially, that means bankrolling the hidden tax, with surcharges being paid to private fund managers. Most probably by the time I retire, the amount would have been devalued to near nothing if we take into account the present value theory, the price index and all that.
This is really crap seriously. I thought the government's windfall should be aimed at helping the one in needs (i.e. the poor). But then, the poor do not have MPF.
So what are we talking about? Can someone explain this to me in plain English or illustrate with simple Mathematics please?
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