Monday, September 24, 2007

Is annuities good?

As I am working in the financial advisory industry, I can understand why Singapore want to implement annuities. In fact, everyone should buy annuities, it is good.

Since it is good, why are the people unhappy? Are they simply the bad attitude kind? Are they just ignorance of the fact that it is good?

The answer is, people want to be FREE!
War is fought because of freedom, people are willing to die for freedom, people will give their whole fortune for freedom, people are willing to suffer for freedom!
Paraphrase A. R. Bernard - "You are not truly free until you have a choice."

The way to go about this is not to set a law, but rather to educate and always give people a choice. Even God do that.

You can tell the amount of freedom in Singapore just by looking at the press freedom ranking of Singapore, it is rank 146/168. Even
Afghanistan, Colombia and Cambodia have more press freedom than us.