Can ‘small change’ proposals bear scrutiny?

Dear Straits Times,

I refer to the 2 May 2011 letter by Mr Phui Peng Chuan.

Mr Phui said that most Singaporeans wouldn’t want to know about government investment losses. Not necessary. Without doing a survey or a national referendum, we wouldn’t know. It is good to know about government investment loses. That will confirm once and for all whether Mr Tan Jee Say’s ‘small change’ comment is valid. It may also help Singaporeans make sense of whether the billions they contribute each year to the reserves through housing are worthwhile.

Mr Phui said Mr Tan’s background doesn’t guarantee that his proposals will work. But it also doesn’t mean that it definitely won’t work. Even if there may be elements in his proposal that we may not agree with, there could be other elements that are worth considering.

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