KUALA LUMPUR: Amid debates over the new T15 income category, Prime Minister Datuk Seri Anwar Ibrahim has told critics not to be a champion for the ultra-wealthy.
He said the RON95 fuel subsidy rationalisation, which will remove subsidies for high-income earners by mid-next year, is necessary, as the government currently spends RM20 billion on subsidies annually.
"Removing subsidies will not affect 85 per cent of the people.
"We shouldn't be champions for the T15 like the opposition, defending them and burdening those with lower income."
He was responding to a question from Khoo Poay Tiong (Pakatan Harapan-Kota Melaka), who had asked the prime minister for the definition T15 in the context of targeted subsidies for RON95 fuel.
Anwar, who is also Finance Minister, said the quantum to categorise T15 was still being studied.
"The data from the Department of Statistics Malaysia suggests that the T15 income threshold is at RM13,000 per household but we think this is a bit too low.
"The plan is being discussed by the relevant departments, including from the Finance Ministry and Economy Ministry to increase this threshold so it does not burden families," he added.
https://www.nst.com.my/news/nation/2024/10/1126938/anwar-help-low-income-groups-stop-championing-ultra-wealthy
Created by savemalaysia | Nov 15, 2024
Created by savemalaysia | Nov 15, 2024
Created by savemalaysia | Nov 15, 2024
Created by savemalaysia | Nov 15, 2024
Created by savemalaysia | Nov 15, 2024
Created by savemalaysia | Nov 15, 2024
If he wants to be the PM, that is his job and not any of us whether we are B40, M40 or T20 or T15 or T10 or whatever.Why push the responsibility to others? There are so many things he can do to help the poors. Abolish all APs or put all collected monies into a poor people fund. Cut down on number of Govt staff and allowances and tea breaks. Cut down number of ministers and supporting staff.Cut allowances etc for all MPs. Conduct all open tenders for all procurements. Remove all barriers for investments for locals and foreigners, eg 30% requirements, bumi discounts for properties.There so many things he can do, yet he always pick on "unreasonable" policies and try to cause friction among the rakyat.
2 weeks ago
Leave the T2-15. Wealth inequality refers to the unequal distribution of assets (such as real estate, stocks, businesses) across a population. The top 1% holding an enormous share of wealth signifies that the remaining 99% of people have very limited access to wealth-generating resources.
2 weeks ago
Pmx is a communist? This sound very much like what we can expected from chairman mao & lenin & ho chi minh...
2 weeks ago
INVESTORS, [2024-10-30 2:31 AM]
the 2% tax on DIV is causing big harm to the mkt.
mr mkt n big boys r MIA.
AI oso can be kurang pandai too.
eat energy we hv to,
Bursa stock was dumped down. those guys there will do the lobbying to abortion, we 🙏🙏.
2 weeks ago
ks55
With 13k income already considered ultra rich. Can the ultra rich in Kuala Lumpur afford to buy a 1000 sf condo in city centre (TRX)? That is a cool 2 million with 10k installment per month!
2 weeks ago