Poor need ample aid, not corrupt-prone Maharlika wealth fund, gov’t told

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Poor need ample aid, not corrupt-prone Maharlika wealth fund, gov’t told
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MANILA, Philippines – Gabriela Rep. Arlene Brosas on Monday urged the government to respond to the desperate pleas of poverty-stricken Filipinos by providing them with direct and sufficient aid

Brosas staunchly opposed the government’s plan to create such a fund, which would force the usage of the pension funds from the Government Service Insurance System and the Social Security System in high-risk investments with no say from pension contributors.

“Sa Maharlika investment fund, mayayaman lang ang makikinabang habang ang mga mamamayan lalong maghihirap. Hindi dapat pakialaman pa ang perang pinaghirapan ng mga manggagawa at kawani,” she added. Critics have since slammed this move as they called for the proposal to be thoroughly scrutinized and deliberated before considering its passage.– was also launched by David Michael San Juan, a professor at the De La Salle University and the third nominee of ACT Teachers party list, to block the creation of the Maharlika fund.“We urge the Filipino people to be vigilant, especially with the administration hell-bent on passing questionable legislation at the expense of the poor.

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