4 Things that Make People Poor: #1- Retirement Plan

There are 4 main things that make most people are poor today. The first thing is:

The retirement Plan: Common known as 401k in America, EPF in Malaysia, CPF in Singapore and Superannuation Plan in Canada. These are the plan that supposingly structure by Government in many countries to enforce employer and employee to set aside a percentage of money from the pay check every months. The so called government guarantee pension fund, which can and must be withdrawn by retired at the designated age, such as 75 (America), 58 (Malaysia) And so on. The problem is, government didn't really just save the money collected from the employee and employer. They spend it. They will utilize the money for government budget. The thing become worst, when there are so much money being collected, the government then discover away to use the fund to boost the economy. Most of the Pension fund in any country are the major share holder in the public listed stock market. It means, most of the stock is been purchased by the fund. Every single cent is collected, will go into the market. It is why, we can see the market mostly are trending up, because the fund has create a figment of illusion that there are always more buyer than the seller, therefore the price goes up. This mean, the pension fund is the index of stock market. The fund today are so rich, it due to the baby booming age, who mostly made of employee. They are the major contributor to the so called public pension retirement fund. Since, the law has regulated that every retiree to withdraw the money from the fund, and people will definitely withdraw the money, this will cause a disastrous to the market. When the baby booming age started to withdraw the money, the pension fund, by law has to give the money back to the retiree by selling the stock. This will then cause the stock market to crush, since there aren't many people buying. It is not just a matter of people could get the money that been promised by the government. It is the macroeconomic problem which will cause the whole market crush, panic and ultimately social economic problem. When this do happen, most people will live their retirement age at the destitute.