QUOTE(Human Nature @ Mar 1 2021, 10:09 PM)
How can you know for sure that the one with RM50k in EPF do not have a million stashed somewhere? You can't, and that is why taking such a simplistic correlation on whether one is rich/poor based on epf amount is wrong.
So now those who are hardworking and self-discipline are called greedy?
I totally agree. My best friend is working in the middle east and he doesn't contribute into his epf at all, and he is earning more than me even though my epf is probably 4 times bigger than his.
QUOTE(TheEquatorian @ Mar 1 2021, 11:44 PM)
I hope you are tipping your delivery man/women generously then. That is a choice you can make to support them.
I do not use delivery services because it is very clear that it is an unfair work environment. Instead of upskilling people for more value add jobs we keep trying to protect jobs that should not exist. The providers for these services are eagerly waiting to substitute these riders with drones. Are you planning to subsidize their salaries with higher taxes then?
It is better to upskill people through education so they can get higher paying jobs.
Instead of trying to bring people that are on top down, try to grow the pie so there is more to go around.
Malaysia will lose individuals that can create companies and these jobs by scaring investors away with these kind of measures.
QUOTE(prophetjul @ Mar 2 2021, 07:55 AM)
You are irrational.
Your reasoning is quite easy to achieve. Communist. Everyone gets the same and no one is different. Then you be a happy camper.
However, you are investing in the stock markets. Are you not greedy?
This is capitalist, not communist as you are advocating.
100% agree with you guys as well. I don't mean to be batu api and this might be off topic, but I've had an argument with a friend on something else, but he was adamant that he's right. Yet he only looks at the problem in 1 dimension. My point is, there's no reasoning with people who think they are always right and other people are wrong. They won't accept other people's point of view. The funny thing is they have a lot in common, such as being a hypocrite, judgmental, making assumptions that don't make sense. But yeah these people do exist.
QUOTE(Human Nature @ Mar 2 2021, 11:40 AM)
One can reach RM500k without resorting to self contribution and very high salary. It takes long years; compounding effect and I am sure you already know that.
I actually did a bit of calculation, and you don't really need to earn very high to hit 1mil at retirement let alone 500k. But everything you say make sense. I think very few disagree with you.
I say no to tiered dividend. My opinion.
QUOTE(Ramjade @ Mar 2 2021, 09:21 AM)
True. Buy if you already have RM1m inside EPF chances are one have more at least extra 6-7 figures of cash outside of EPF. Which means one have opportunity to invest outside of EPF which means one got chance to generate more money than EPF.
Now compare that to a person with say RM50k or those B20 people where EPF is their only pot. They have no other avenue to invest cause no money left over.
I don't see people complaining when priority banking give better interest rate on FD and on loans. So people with priority banking already gain on those FD and loans so why complain when EPF is giving more to the B20 and M40 people?
It's like some bank FD. The higher you go up the lower interest rate they give you.
I do use those path provided by EPF.
Yes yes you are right. Give yourself a pat on the back.
Apr 20 2020, 06:16 PM
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