Posted by speakup > 2023-10-20 07:39 | Report Abuse

Tun M & sons will be the first to whine!

Posted by EngineeringProfit > 2023-10-20 07:54 | Report Abuse

This should exempt M40 & B40.

Posted by beinvested > 2023-10-20 12:56 | Report Abuse

The government is looking for ways to increase the revenue so to fund the high cost and expenditure in its administration.

The excessive cost of borrowings from the unnecessary large amount of national debts has been burden to the financial position and ultimately enslaving the local money currency for the coming years.

A normal borrower would likely to be able to full settle the bank loan/housing in a given period of 20 years. But with the national debts of nearly a trillion, the repayment in interest alone will already disadvantage the economy and to full settle in 20 years will be almost impossible.

When the Ringgit was RM3.10 for a SGD, the market was not panicked and now at RM3.40 will neither slumber nor sleep.

By the way, against the USD, how not it will drop further given the wealth of the country is not improving.

The most effective way is to reduce the expenditures and at the same time increase the revenue.

Posted by EngineeringProfit > 2023-10-20 13:38 | Report Abuse

This tax should exempt M40 & B40.

Posted by Income > 2023-10-20 15:27 | Report Abuse

Engineering… all kena inheritance tax not only T20,
B40 & M40 also kena later the inheritance tax,

Posted by Income > 2023-10-20 15:31 | Report Abuse

T20 will move their wealth to other countries and theirs children can migrate to other countries easier.
T20 is clever than your MP. That’s why T20 can accumulate a lot of wealth in this country and they T20 are smart enough to find ways to transfer their wealth to other countries..

Posted by Income > 2023-10-20 15:32 | Report Abuse

—-
While Dzulkefly was cognisant that an inheritance tax may turn wealthy individuals away from Malaysia

Posted by Income > 2023-10-20 15:34 | Report Abuse

Do the government want to kill the goose or T20 which lay golden egg???

Posted by EngineeringProfit > 2023-10-20 15:38 | Report Abuse

Quote:" Income > 3 minutes ago | Report Abuse

T20 will move their wealth to other countries"

That's why - end up only the M40 will be poorer. And their next gen will add to the B40 statistics

Posted by Income > 2023-10-20 15:53 | Report Abuse

MP thinks T20 bo do kah? Msia will slowly end up with T20 moving all their wealth to other countries and T20 can anytime apply for Citizenship in the country that they relocate their wealth to. Do you think Old Horse children money is in Msia? Think harder please lah my dear MP.

Posted by Income > 2023-10-20 15:56 | Report Abuse

The only way to help B40 and M40 is to teach them how to generate more money themselves. Don’t tax T20 until all of T20 moving out of Msia because can’t stand the higher and higher taxes anymore each passing year…

Posted by beinvested > 2023-10-20 16:08 | Report Abuse

In the USA, one particular President had caused the debts so much, so much so that it is more than the debts incurred from all the earlier 43 Presidents in combination.

One later government will take care the mess caused by one current government. There are public funds and spending them indiscriminately is not of the concern unless these monies come from their personal pockets.

A popular and responsible government will think of ways the poor economy and only will pass to another crooked government to flush away those accumulated wealth easily. The debts incurred are in the name of the country and those individual lawmakers can only do so much before being voted out before can start to worry for the sufferings that overwhelmed each human being.

Posted by EngineeringProfit > 2023-10-20 16:49 | Report Abuse

Quote: "One later government will take care the mess caused by one current government. There are public funds and spending them indiscriminately "

Let's call this the Sheraton Move phenomenon for now

Posted by AnakUlar > 2023-10-20 16:51 | Report Abuse

Ah yo. Previous government policies were not implemented.