Of prudence, prudence and prudence
This funny word seems to be appearing more often on the lips of people in authority. Prudence is taking on the image of a good word. It used to be a good word to the old and wise. Prudence or being not wasteful, careful in words and money, not extravagance, is an old value of goodness.
Prudence can be practiced by the govt, by organizations and by individuals. Prudence in the layman’s view is not overspending, or spending within one’s means. Extravagance is just the opposite, spending beyond one’s means, spending without a care of tomorrow or spending every cent one has.
How is this word prudence being practiced here? Are the govt’s policies based on prudence? Is the govt extravagant, encourages over spending instead of prudence in its own spending and in policies dictating to the people to over spend, or to be prudent?
Think of hospitalization and mean testing? Are they policies of prudence or extravagance? I think they are of extravagance than prudence. Any disagree?
Similarly, housing policies, despite all the crap calls about affordability and buying within your means, it is all about extravagance, buying at max with what one has in the CPF or according to one’s income. See the hypocrisy? The pricing of public housing cannot be prudence, and the income ceilings dictating one to buy more and more expensive flats according to one’s income, are all about extravagance.
Prudence, anyone talking about prudence? If prudence was the intent and purpose, why are people now finding that they savings are not enough for retirement? It must be the result of extravagant spending. It cannot be otherwise. If the people are prudent in their spending, they must have a lot of savings for retirement. What has gone wrong? Prudence? Yes it must be prudence that has gone wrong.