Planting Trees

There is a Chinese saying that the present generation plant trees and the future generations will reap its benefits. What the govt is doing, in investing for the future is similar to planting trees and is a laudable initiative. A more short sighted govt would have used the money now and make many people happy and win many popular votes as well. The worst govt is to spend the future earnings now, like what the American govt is doing. They are bankrupting themselves into the future. We have seen a lot of our money, billions, being invested for the long term, and recently the buying of big foreign banks. The timing, a golden opportunity, also presents risks. The immediate short term losses have naturally invited a lot of criticisms. With hindsights, some were saying that it would be better if the decisions were delayed a little. And people would expect the professionals to do their sums right. In this case, it is easy to say we were a bit hasty. The loss is no small change. The other angle of unhappiness is that while we have so much money to invest for the future, we are seeing immediate pains and suffering affecting some of our less able citizens. It is a question of how much to invest and how much to share with the people. Admittedly it is very subjective and what one sees as right another will see it as wrong. While planting trees for the future is definitely a prudent move, it should not end up as an obsession as the present needs to be taken care of too. Many of the owners of this national reserves will not be around in the future to reap the fruits of long term investments. And when we have more than enough, a little more generosity for the present is most welcomed.