Lovely Jan and I have many friends in Taipei, the capital of the great country of Taiwan, Republic of China. Many of our friends there are retired public servants including members of the security services, the military and the police. So you can imagine my astonishment and consternation when I learnt from one of my friends there that president Tsia Ing-wen has decided to half the pensions of these former loyal and hard working men and women. Something like a half a million will be affected.
The reason she gives is that the pension funds are losing more in payments than is being paid in. Surely there are other ways of dealing with this crisis. Taxing some of the richer companies in this prosperous country may be one possibility. Retired public servants there are, needless to say, totally outraged. There have already been countrywide protests, mostly in the capital but also in other towns and cities. A huge protest involving over a quarter of a million people is planned for 15 June.
All I can say is good luck to those intrepid protesters in the event of 15 June. If there is any justice on this issue, President Tsai will change her mind. We truly hope so.