Implement Basic Income for all citizen, permanent resident, working permit holder by sourcing fund from GST, lifting all subsidies. (petrol, diesel, gas, electric, food subsidies etc).
This will reduce pressure on salary, improve competition.
Using EPF savings as collateral contradicts concept of retirement funds, says Dr Wee (msn.com)
I think is a good idea, EPF do not need to divest due to withdrawal, but basic income is better.
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