Posted by EngineeringProfit > 2023-09-30 10:22 | Report Abuse

Economy-education budget 2024:

S - Science, Survivability & Sustainability (Basic skills)
T - Technology, Trading & Transcendentality (Purpose-seeking skills)
E - Engineering, Empowering self-reliance & Economical sense (Financial skills)
M - Mathematics, Motivation & Medical knowledge (Well-being skills)

Posted by EngineeringProfit > 2023-10-01 18:06 | Report Abuse

He asked, "Is it wrong for us to impose higher charges on the wealthy?”

Haha......politicians, ministers and their little napoleans are the wealthiest now- yet they don't pay for anything. Even their trip to New York or USA!!

Posted by EngineeringProfit > 2023-10-01 21:22 | Report Abuse

Quote from DickyMe: "Real bomb is pension. Pension for retired civil servants and useless politicians.
Even a one term politician gets pension? No wonder many want to be politician.
Leakage list is too long. Unproductive expenditure.
Too many unproductive enforcement department.
For each agency and department exist enforcement plus RELA.
On top of that you have "spies/little Napoleon" for each area."

Exactly. Not until they plug this hole, the country coffer will always been drained empty - or worse with deficit budget is the new trend. This is like cancer. Keep spreading and it's root just keeps growing deeper and deeper. And the cure is obvious....

Posted by EngineeringProfit > 2023-10-02 17:51 | Report Abuse

ChatGPT & team make up the best and most cost effective ministers for every nation with deficit budget

Posted by i3lurker > 2023-10-02 20:21 | Report Abuse

Coming removal of fuel subsidy will bring economic recession into Malaysia as hundreds of thousands of SMEs goes bankrupt due to M40 become B40

Posted by EngineeringProfit > 2023-10-02 20:45 | Report Abuse

What do u expect from Liwatman & his gang of decades-starved hungry wolves? While the B40 couldn't even afford to put food to the table or keep their children properly nourished, the M40 got subsidized to the most luxurious place on earth - middle east via Dubai

Posted by icecool > 2023-10-02 21:17 | Report Abuse

the removal of fuel subsidy will cause a few rounds of inflation. the people will suffer terribly

Posted by EngineeringProfit > 2023-10-02 21:31 | Report Abuse

True, but would the reformati man & his gang of decades-starved hungry wolves care?

Posted by EngineeringProfit > 2023-10-03 07:17 | Report Abuse

M40 got punished by subsidy removal to further fuel little napoleans smuggling to sell subsidised commodities overseas. Stop corruption, not M40 subsidies

Posted by BobAxelrod > 2023-10-03 08:25 | Report Abuse

Are you sure it's smuggling or broad day light robberies, shipping out right under your noses as if with a Golden badge?????

Posted by EngineeringProfit > 2023-10-03 14:04 | Report Abuse

Quote : "Are you sure it's smuggling or broad day light robberies...."

Both

Posted by BobAxelrod > 2023-10-03 14:31 | Report Abuse

Smuggling refers to being conceived and perform under the radar and without scrutiny from authorities........you may be surprised by the trucks crossing our borders.

Pablo Escobar, in his early days started as a smuggler of household consumer goods and electrical appliances, crossing borders in broad day light, before venturing into smuggling Cocaine.......and the rest they say is History.

Posted by EngineeringProfit > 2023-10-03 15:18 | Report Abuse

Here...next is cannabis.

Posted by EngineeringProfit > 2023-10-08 08:24 | Report Abuse

Policies that could empower employees, reduce costs for employers, and raise incomes for the middle-class:

Tax Incentives for Small Businesses: Offering tax incentives and credits to small and medium-sized enterprises (SMEs) can reduce their tax burden, allowing them to invest more in their businesses and potentially create more jobs.

Minimum Wage Adjustments: Increasing the minimum wage can directly raise incomes for lower-wage workers, benefiting the middle-class. However, it's essential to strike a balance to ensure it doesn't overly burden employers.

Workplace Flexibility: Encouraging flexible work arrangements, such as remote work or flexible hours, can empower employees by improving work-life balance, reducing commuting costs, as well as easing the traffic jam.

Skills Training and Education: Investing in workforce development programs and affordable education can empower employees by helping them acquire new skills, increase their earning potential, as well as improve productivity and "products".

Affordable Healthcare: Policies that make healthcare more affordable can reduce the financial burden on both employees and employers, improving overall income security for the middle-class.

Tax Credits for Low-Income Workers: Expanding tax credits like the Earned Income Tax Credit (EITC) can provide financial relief to low and moderate-income families.

Support for Childcare: Subsidizing or providing affordable childcare can enable parents to work and reduce the financial strain on families.

Reducing Red Tape: Simplifying regulations and administrative processes for businesses can lower compliance costs for employers, potentially leading to job creation and wage growth.

Investment in Infrastructure: Infrastructure investments can stimulate economic growth, create jobs, and indirectly benefit the middle-class by boosting the overall economy.

Policies Supporting Equal Pay: Implementing and enforcing policies to address gender and wage gaps can ensure fair compensation for all employees.

Retirement Savings Incentives: Expanding retirement savings options and offering tax incentives can help employees plan for their future and reduce their financial stress.

Affordable Housing Initiatives: Addressing housing affordability issues can ease the financial burden on the middle-class by reducing housing costs.

Green Incentives: Encouraging sustainable practices and green technologies can create jobs and reduce costs over the long term, benefiting both employees and employers.

Posted by speakup > 2023-10-08 21:27 | Report Abuse

what happen to PMX election promise that all ministers and senior govt officials must declare their assets to us rakyat????
dah lupa?

Posted by EngineeringProfit > 2023-10-13 21:54 | Report Abuse

Quote: speakup > 5 days ago | Report Abuse

what happen to PMX election promise that all ministers and senior govt officials must declare their assets to us rakyat????
dah lupa?

Posted by EngineeringProfit > 2023-10-13 22:34 | Report Abuse

Lots of allocation for motorised paragliding training in the middle east

Posted by EngineeringProfit > 2023-10-13 22:57 | Report Abuse

AI faculty not in Sarawak - but UTM. Can nonbumi get in?

Posted by BobAxelrod33 > 2023-10-14 08:13 | Report Abuse

Most likely, backdoor also locked and closed....

Posted by BobAxelrod33 > 2023-10-14 08:15 | Report Abuse

When the country's Budget keeps spending like no tomorrow, they need more and more Taxes of every kind. So, they are saying to Tax the Rich and help the poor?.......Poor don't need the daily necessities? It's Taxes across the board and lesser for individual or family to spend......BUT LIKE THEY SAY, COUNTRY COMES FIRST.......vomit blood!

Posted by BobAxelrod33 > 2023-10-14 08:21 | Report Abuse

PAYBACK IS A BITCCCH!!!. Deprivation for more than 20 years in a cell, and the hunger pangs are now biting in, holding the golden key to Paradise.
Flying Air Force One to Middle East, then China, followed by USA. Accommodation by Super 7 Stars Hotels, accompanied by family. Next planned, Middle East again..........BUT WHERE ARE THE PROMISED FDI???

Posted by EngineeringProfit > 2023-10-14 10:41 | Report Abuse

It's high time to remove all the little Napoleons in every division, department and ministry in order to cut down red tape, speed up processes as well as reduce gomen expenditure.

And with AI, who needs such an inflated cabinet?????

Posted by EngineeringProfit > 2023-10-14 11:00 | Report Abuse

How can a good government reduce taxes while expanding its budget?

Posted by EngineeringProfit > 2023-10-14 11:05 | Report Abuse

1. Economic Growth

Encourage economic growth, as a growing economy generates more tax revenue. This could involve policies that attract foreign investment, promote entrepreneurship, and create jobs.

Posted by EngineeringProfit > 2023-10-14 11:06 | Report Abuse

2. Efficiency

Improve government efficiency by reducing wasteful spending, streamlining bureaucracy, and eliminating unnecessary programs or handouts.

Posted by EngineeringProfit > 2023-10-14 11:07 | Report Abuse

3. Tax Reform

Implement a more efficient tax system that reduces tax evasion. This can include simplifying the tax code and closing loopholes.

Posted by EngineeringProfit > 2023-10-14 11:08 | Report Abuse

4. User Fees and Privatization

Consider charging user fees for certain government services or exploring opportunities for privatization, which can generate revenue, esp those activities related to sociocultural or religiosity.

Posted by EngineeringProfit > 2023-10-14 11:08 | Report Abuse

5. Public-Private Partnerships (PPPs):

Collaborate with private sector entities to fund and manage infrastructure projects, which can reduce the burden on the government budget.

Posted by EngineeringProfit > 2023-10-14 11:10 | Report Abuse

6. Cut Red Tape

Reduce regulatory burdens on businesses, which can stimulate economic growth and increase tax revenue.

Posted by EngineeringProfit > 2023-10-14 11:12 | Report Abuse

7. Resource Revenue

If the government has access to significant natural resources, it can generate revenue by responsibly exploiting and taxing these resources.

Posted by EngineeringProfit > 2023-10-14 11:14 | Report Abuse

8. International Aid and Grants

Seek international aid or grants for specific projects to reduce the burden on the national budget.

(Just like the poor palacetinians getting unlimited $$$$$$$$$ support from the rich and merciful Arabs.

Posted by EngineeringProfit > 2023-10-14 11:15 | Report Abuse

9. Fiscal Discipline

Maintain fiscal discipline and long-term financial planning to ensure sustainability.

Posted by EngineeringProfit > 2023-10-14 11:16 | Report Abuse

10. Do not procrastinate superzakatt poverty-eradication initiatives from 2024

Posted by The_JQuestion > 2023-10-14 21:56 | Report Abuse

seems like more political... altho not amazing, it is a stable budget
i believe sweets will come in following budgets :)) just like how it will improve for years to come ( however , disappointed with our forex rates )

Posted by EngineeringProfit > 2023-10-15 12:43 | Report Abuse

Income > 9 minutes ago | Report Abuse

When M40 is gone, we only have T20 and B40 left. So gov will go after T20. And tax T20 until T20 migrate to another country.

M40 very hard to migrate to another countries because M40 not much money to qualify for migration to other countries. Whereas T20 has lots of money to migrate and relocate their their businesses to other countries.

At last in 2030, we Boleh land will be left with B40 forming the largest group, that is no more B40 but B95… and T5 is the political elite lah. So at last gov can’t increase taxing B95 again and again. So back to square one. B95 will start complaining why no more increasing Goodies of cash assistance for B95? Who can answer this question is a genius la.


Income

7,768 posts

Posted by Income > 4 minutes ago | Report Abuse

Don’t worry , will the above scenario will happen in 2030? B40 becoming B95,
M40 becoming Zero,
T20 becoming T5.
This will be a nightmare for whoever wins the GENERAL Election la.

Posted by EngineeringProfit > 2023-10-16 12:56 | Report Abuse

Unscrupulous leaders are moving mllions of $$$$$$$$$$ to fund rebuilding palacetinians' land in the form of donation. Maluasia will only get poorer. Rich ones will emigrate, or spend $$$$$$$$ overseas. The main bulk of income tax payers i.e. M40 are diminishing as they are literally turning into the characteristics of B40 by 2024 onwards, hence lesser and lesser tax collection will be expected. Higher and higher tax rate would be imminent. Enforcers will get richer and richer and rolexes from corruption. As time goes by, more country debt and bankruptcy are on the way.

Posted by EngineeringProfit > 2023-10-20 14:15 | Report Abuse

Policies that could empower employees, reduce costs for employers, and raise incomes for the middle-class:

Tax Incentives for Small Businesses: Offering tax incentives and credits to small and medium-sized enterprises (SMEs) can reduce their tax burden, allowing them to invest more in their businesses and potentially create more jobs.

Minimum Wage Adjustments: Increasing the minimum wage can directly raise incomes for lower-wage workers, benefiting the middle-class. However, it's essential to strike a balance to ensure it doesn't overly burden employers.