Finally, the PM is making a bold move. Firstly introducing the GST and now the removal of subsidies. Read here .
I have no problems with GST or the removal of ALL subsidy.
However, I’m asking for the totally ridiculous import duties on cars, which was first put in place to protect Proton but has now become a major revenue for the Government, to be removed as well.
Also please reduce the burden on the 1 million tax payers. Personal tax rates should be lowered to less than 20%, in line with Singapore and Hong Kong. The rich don’t pay taxes and it’s the working class who is bearing the brunt of the income tax…
PS while you are at it, why not introduce an inheritance tax to tax the really wealthy? Otherwise the wealthy will just become more wealthy. Set a threshold of say RM10 million exempt and tax 20% on anything above? And NO EXEMPTION for corrupt politicians please!
The PM has been looking for a New Economic Model, and having hired some of the best and the brightest in the country, the Government still does not apparently have the answers. click here.
Well, maybe I can make a few suggestions:
We have to stop the bleeding.
There’s a lot of talk about attracting Malaysians working abroad to come back. This sounds like a grand plan, but any Accident & Emergency ward, the priority is not to get the person back to health, but to stop the patient from dying.
Malaysia has been bleeding for years and is now dying. Most of her people may not realise this, but the PM and the smarter people certainly know this.
If something drastic is not done to arrest the situation, not only will the Malaysians abroad not come back, whoever else who can move will emigrate. Then what do we have left in the country?
Why are people leaving the country? Discrimination, crime, corruption, poor infrastructure.
Who are the people leaving the country? The “middle class” professionals. This is a country for the rich businessmen, especially those who have no scruples. There’s plenty of “opportunities” for them.
So does the Government know what needs to be done? Yes. Everybody know what needs to be done…
a) Remove the National Economic Policy. Replace it with a policy to help the poor.
b) Deal with corruption severely. Stop the half hearted efforts. Maybe an amnesty is required because too many people are tainted - even some of our leaders…
c) Promote meritocracy. Retain the quota for socio-economic reasons, but this should only be limited to 10-20% of the places in the local universities. Remove the requirement for senior management of GLC to be of a certain background.
d) Crime has to be dealt with NOW. Revamp the police force. The police is synonymous with Corruption. People have lost faith. There are just too many bad apples in the force. If necessary, send the army in. Shoot snatch thieves on sight, if necessary. Shoot the Mat Rempits. You know where they hang out. They’ve been allowed to be terrors for too long. How long will you mollycoddle them? It’s a joke that a recent news article reported that only 5 out of 300,000 of them are willing to reform…
Deport all illegal immigrants. Why are taxpayers paying to maintain them here?
Admittedly, the above is not easy to do. History will show that real change is rarely painless.
Is there political will to effect change? Probably not.
It’s a real sacrilege that for a country with so much natural resources, that we’re lagging behind countries such as Hong Kong, Singapore and South Korea, who have none.
Our precious petroleum reserve will not last forever. What happens when it’s no more? Many shudder to think….
So my question to the PM is this: Are you willing to make the necessary changes or should we all abandon ship?