On today's column of HT Templo- on Public Pension Funds

Click here for HTT's post on public pension funds

i asked him when he would discuss PERA, but he said this would be some time from now.

 This particular paragraph caught me.

More than 4 million senior citizens do not receive any pension. For the account of the tax-paying public, Congress can easily increase the P1.2 billion social pension budget to P12 billion to benefit 2 million senior citizens. Double that to P24 billion and we suddenly have a pension-for-all program, making DSWD the biggest public pension fund administrator in terms of number of beneficiaries.

All you have to do to test this statement is to look around.  There are so many people living without. 
Alas, the cost bothers me though.  i feel i am already taxed beyond endurance. gross taxation is evil, and if the burden of tax is increased to provide a universal pension.  then i am sure the middle class will disappear into the poverty class.