After two protests and a third last week, and a fourth in September, the Govt does not seem to get the message that the CPF is the people’s money and they want it back, not another miserable 20%. The Govt is still thinking that it has the right to take over the management of the people’s life savings, and can do as it pleases.
Why is the Govt adopting this deaf frog attitude and ignoring the people’s cry and risking losing the support of the people? Let me guess. It really does not think there is anything wrong with taking over the people’s life savings. The Govt has the right to do so. Another possible reason is the arrogance that the people cannot do anything about it no matter how wronged and how angry they were. We are the Govt and the people have to live with it, at least until it is booted in the next GE. Of course the Govt does not think so and must believe that the majority of the people would not mind at all.
The third reason is that it is desperate and in need of money despite the claim of having hundreds of billions in the reserve. The persistence to hold on to the people’s money is wrong, but the Govt has no choice. Returning the money to the people at 55 is no go, not an option. Die die it must grab hold to the money. It can ‘no hew’ the people and even alienating a big number of voters. So be it. The situation is dire if the CPF money is returned to the people. It is a case of no choice, no way out.
What could be the real reason behind this aloof and arrogant decision to hold on to the people’s money despite the growing anger is puzzling. Politically it is unsound and unwise, and suicidal. The party cannot afford to take such a high risk at this moment and pretends that it is alright to do so.
What about the stand of the various ministers and MPs? Do they agree that this is an acceptable thing to do, a right thing to do, or an expediency that is a do or die option? Several ex MPs and top civil servants have this habit of saying that they did not agree to some policies when they were in office but only saying it out after leaving office. With the CPF issue a hot potato now, the ministers and MPs do not have the luxury to remain reticent and thinking that they could say their piece when out of office. They are in it, agree to the policy and supporting it, or they are not. By keeping quiet, they are telling the people they are for the policy. They support the withholding of the people’s life savings without the consent of the people, and saying yes when the people are protesting and saying no. This violation of a fundamental principle, that the Govt can unilaterally take hold of the people’s money and do as it likes, under whatever flimsy excuse, is indefensible. There is no good reason, no justifiable reason, to take the people’s money from them.
The next GE would see this principle being put to the test. It would be the main issue in the election with the people voting for or against it. It would be the deciding factor.
Chua Chin Leng AKA RedBean
*The writer blogs at http://mysingaporenews.blogspot.com/