QUOTE(shamino_00 @ Mar 9 2022, 08:45 AM)
The same group of people or would tend to have this line of mindset, I would say
1. They want to increase limit of the contribution to EPF, 60K or all kind of systematic abuse from employer side contribution or whatever
2. They want to preserve wealth in EPF buy passing around the money to transfer to their kins account or so on
3. They are very against the tiered dividend proposal hoo haa drums by the press and some writers
These are bunch of group my selfish interest first and only the rich will think of.
I would say if EPF allows 1. Unlimited contribution, and 2. Wealth can pass around in EPF to another account.
Then I would say option 3....Tiered dividend, to be FAIR...to be fair ya, EPF to implements it. Fair point?
YOu can stuff 1 milliion into EPF unlimited contribution, you can pass and transfer to whoever you want kids, daughter, son, favourite aunt whatever...
but then the higher your account, you get a CAP % (tiered) of that amount.....the investment dividend return EPF got out of that income then increase to the B40 or the lower.
Let say, this year EPF announce those below 100K in account gets 8%, between 100 to 1million 6%, above 1 million 4%.....fair deal? Then EPF really need to work out, and the Gov also need to see...can they get inheritance tax, so on, all party of interest will definitely comes in when talking about pie distribution and about money...will attract bosskur attention
I just want to focus on the tiered div point as you seemed to get very confused.
Tiered dividend rate. Lets split the people into a few main categories:
a) rich and support : just do your own donation. no need to trouble EPF to do it for you
b) rich and disagree : it is their right. Being selfish is a lesser problem than being greedy and a leech
c) poor and support : I leave this uncommented
d) poor and disagree : I salute them
e) middle and support : lets cut off the teiring at 50K rm and see if you still support
f) middle and disagree : rare group
But I know one thing, lets try to implement this first for the Shariah EPF and see it is halal or not.
"...those below 100K in account gets 8%, between 100 to 1million 6%, above 1 million 4%..."
And if you know how to count, why not you count and see if your version makes mathematical sense? Thanks to BN government, there are not enough "rich" people anymore.
There is a reason why MLM is a pyramid scheme, not called a reverse pyramid scheme.
Mar 4 2022, 12:09 AM
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