This kind of cold turkey economic strategy will eventually fail as it will "keep the rich at bay to strengthen the poor," which is very similar to our education system, which took away all the exams so that no one will happily fail the primary school exam and come to secondary school; the whole classes failed. M40s or B40s will be in deep disappointment if they think the government will spoon-feed them with the so-called targeted petrol subsidy every month, as the government is heavily in debt and most T20s are cashing out their assets and sending their kids overseas. For a nation to prosper, we need to encourage students to study hard for exams and workers to work for money. If the government is trying to act like a robin hood sooner or later all the investors (whether local or foreign) will flee the country. The idea of targeted petrol subsidy is actually just empty talk. How is the government going to reimburse the targeted petrol subsidy every month when Tom in Johor is spending RM1500 on petrol and Dick in KL due to extra hours as the Grab driver is spending RM3000? Harry, who lives in Long Pasia, will get a zero targeted petrol subsidy as he owns no car. Economically speaking, the petrol subsidy, whether in its current form or in PADU form, will make no difference as it will only benefit the urban family and that is the reason why some communities in Sarawak and Sabah are still living below the poverty line. Economy Minister said very soon he will table a Bill but for sure whatever Bill he is going to table will not be supported by Sarawak and Sabah lawmakers or meaning to say the Bill will be rejected and the Unity Government will be forced to resolve as it is as good as vote of no confidence.
Sadly, DAP is part of this failure (in the history)
Posted by metaverse > 25 minutes ago | Report Abuse
This kind of cold turkey economic strategy will eventually fail as it will "keep the rich at bay to strengthen the poor," which is very similar to our education system, which took away all the exams so that no one will happily fail the primary school exam and come to secondary school; the whole classes failed. M40s or B40s will be in deep disappointment if they think the government will spoon-feed them with the so-called targeted petrol subsidy every month, as the government is heavily in debt and most T20s are cashing out their assets and sending their kids overseas.
Do you think we are plugging the correct "leakages" in govt in the correct way? Reducing subsidies, the money saved, goes to where? Give budget of nice cars for MPs, give higher allowances for MPs, give more pensions for MPs? Give higher salaries to MPs?
Wrong formula. Economy continues to sink as the M40 are squeezed - as economy equals M40's money goes round. And these superrich and superprivilege ones continue to impoverish the nation and weaken ringgit because they keep shifting their wealth to overseas
Posted by eastern_joy > 9 minutes ago | Report Abuse
Do you think we are plugging the correct "leakages" in govt in the correct way? Reducing subsidies, the money saved, goes to where? Give budget of nice cars for MPs, give higher allowances for MPs, give more pensions for MPs? Give higher salaries to MPs?
1. The poor - work & work. 2. The rich - exploit the poor. 3. The soldier - protects both. 4. The taxpayer - pays for all three. 5. The banker - robs all four. 6. The lawyer - misleads all five. 7. The doctor - bills all six. 8. The goons - scare all of seven. 9. The Politician -, lives happily on account of all eight. Written in 43 B.C. by a Roman name Cocero. Valid even today !
PerMAiDANI gomen has failed to learn from Jack Ma. Listen to what he says: Don't go after the M48 middle class - millionaires or not, they deserve the life that they have rightfully earned. It's the Top 2% billionaires who have sinfully sapu the public $$$$$$ supposedly meant for the B50 And these 2% hold 98% of the poor's money. Solution is simple. No brainer really
Children of tomorrow must learn to be cautious of irrational adults' ideas that spread like viruses, fueled by emotion and simplicity rather than logic. Children must learn to question their intuition and develop healthy skepticism to think critically. Children must learn to verify information from trusted sources with credible evidence and diverse perspectives from people of different backgrounds. Children must learn to practice cognitive hygiene by prioritizing reliable sources and engaging in fact-based discussions. Children must learn to embrace intellectual humility and be open to revising beliefs based on evidence. Children must learn to avoid the seductive appeal of certainty and be wary of oversimplified narratives about the supernatural. Children must learn to spot emotional manipulation, such as fear and outrage, disguised as logic. Children must learn to the importance of critical thinking, fact-checking, and being vigilant against harmful ideas in order to contribute to the building of a more informed and rational society in the future.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 2905 views | 2 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
speakup
26,437 posts
Posted by speakup > 2024-04-02 13:15 | Report Abuse
Amboi! banyak orang miskin di Malaysia
Pmx undurlah! U have failed