[OPINION] The Maharlika fund is a family bill against the general welfare of Filipinos

'Only an idiot of the lowest order will fail to see that this is a titanic scam.' Opinion

I wholly concur to the contention of former Supreme Court Senior Associate Justice Antonio Carpio that “the use of the investible funds of the Social Security System and the Government Insurance System for the proposed Maharlika Wealth Fund is unconstitutional.”

Therefore, “the law cannot give the income from SSS and GSIS funds to non-members who did not contribute to the funds. This is taking of private property for a public purpose without just compensation, which is unconstitutional.” Based on the facts, this proposed bill is not a measure that intends to protect nor advance the interest of the people, but rather to subvert their well-being and hard-earned monies through the years.The authors of this bill are relatives and friends of the administration, hence, this is a family bill that will only benefit the regime itself. Only an idiot of the lowest order will fail to see that this is a titanic scam, albeit state-sponsored.

We all know that Malaysia’s 1MDB has become one of the biggest corruption scandals in the world, with former Prime Minister Najib Razak ending up in jail. Said fiasco also helped Malaysia’s opposition to win their general election and defeat the ruling coalition for the first time since independence.

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