now u know politician~

seriously gov plan have to be more consistent

for that CC i think they shud have let ppl to have at least one CC!
2nd card only charge ma...

Hopefully bank will offer some other kinda offer to counter this.

Now go out mostly also use credit card already ma... petrol also credit card.. this time we will see ppl queue up to pay d... Zzzzz

we are going back 20 years before 2009

@dinozilla,
I don't think the extra funds should go into purchasing assets for the PDRM. I hope it'll be used wisely; maybe new structure in terms of their allowance, incentives. Honestly, I've no idea how much our policeman earn but been told, without side-income, life is not too decent *gulps*

Yes, there are mishandling.
I wish I am the one selling them that laptop.


Joke aside.
When government mismanage money like this, the likelihood will happen next is more tax and more printing of the ringgit.
Inflation will be coming in, that will jack up the prices of everything.
Adding that the interest is so low, high inflation is inevitable.

I already acquired a few kg of silver and some properties this year just to position myself if such things happen.

This post has been edited by jasonhanjk: Oct 25 2009, 07:35 AM

Well, I believe the idea of a high income economy means we should transition to jobs that requires advance level of skills & knowledge. Certainly doesn't means we should be paid higher for doing the same thing. In this regard, by lowering the maximum tax rate, it helps to retain those highly paid and skilled expats and professionals.

Actually I have my reservations on the new tax rate. I think what we have is a progressive tax rate i.e. even though we have categories, the transitions are actually linear. Thus it makes sense if the maximum tax rate has been reduced, all other categories will be affected in some way.
Still nothing is set in stone yet, we'll just have to wait and see how IRB does it when they comes out with the new tax table.
Same thing with the EPF using future money for buying houses. Wondering how they are going to calculate the future money and what rules they are going to impose.


Well you have to admit this is an efficient way to tax the middle to high income earners in this country, and at the same time curb CC abuse. Those that has too many CC are either abusing it, mismanaging their finance, or considered rich by our government.
The question is, can they successfully enforce it? CC abuse is also rampant in developed countries.
Now we'll see what's BNM and Bank's move.

Here is what my uncle from UK told me.

~All politicians are corrupted.
~If he is not corrupted, he is not a politician.


The petrol in Malaysia is already subsidized.
For the benefit of Malaysians and our neighbor (Singapore and Thailand).
The more benefit we want from the government, the more we have to pay back in taxes.
That is how the equation works.

The problem now I see is our subsidized fuel benefit people from other countries.
Our money is being transfer to them.

JasonHanjk "Joke aside.
When government mismanage money like this, the likelihood will happen next is more tax and more printing of the ringgit.
Inflation will be coming in, that will jack up the prices of everything.
Adding that the interest is so low, high inflation is inevitable.

I already acquired a few kg of silver and some properties this year just to position myself if such things happen."

Fully agree. I am so worried about my EPF money. If such things happen, what is the worth of our EPF money in 20 years time? Will we be like Indonesia Rp10,000 buy one plate of nasi campur?. Since I only have RM10,000 in my EPF, in 20 years time, this RM10,000 can only buy one loaf of bread?!!

2007 the EPF dividend rate was 5.8% (ard) and 2008 4.8% (I think), they indirectly use my 1% to transfer to Valuecap Sdn Bhd so that this company can boost up all those cronies companies.

Next year, I have to subsidise RM50 for my credit card.

Another next year, I might pay GST.

Time to vote these people out! I have done this last election. Only those bloody Bagan Pinang voters think differently

Haha.
No matter who is the government, the end result would be the same.

If Anwar is elected, he promise he will give more fuel subsidy.
Then one would ask, how would he come up with the money?


Cut back at government spending is one way, but which one to cut?
The best answer would be the NEP.

NEP had created many poor people, beating it's purpose of creating wealth for the bumis.

NEP ensures bumi have more Universities entries, creating a back door for not so smart students having the chance to study.
Then what about those bright non-bumi students? Generally they go other countries to study and work there.
So what is the cost?

The real cost would start when these not so smart bumi cannot find job in the private sector, so the government create jobs for them.
Employ them at a meager salary which is so low, there would not be any taxes. For 40 years of their working lives.
Don't forget, we pay taxes to employ them.

Now take Singapore for example, they absorb those bright students that are turn down by Malaysia's University.
After they graduate, they are employ by private company at a very high wages.
They are tax for 40 years, it's an income for the government.

[quote=tgrrr,Oct 25 2009, 07:42 AM]
then it is not fair... reduce 1% just for those high income while maintain for those who are even need it?
so is this co called high income economy?

[/quote]
Well, I believe the idea of a high income economy means we should transition to jobs that requires advance level of skills & knowledge. Certainly doesn't means we should be paid higher for doing the same thing. In this regard, by lowering the maximum tax rate, it helps to retain those highly paid and skilled expats and professionals.

Actually I have my reservations on the new tax rate. I think what we have is a progressive tax rate i.e. even though we have categories, the transitions are actually linear. Thus it makes sense if the maximum tax rate has been reduced, all other categories will be affected in some way.
Still nothing is set in stone yet, we'll just have to wait and see how IRB does it when they comes out with the new tax table.
Same thing with the EPF using future money for buying houses. Wondering how they are going to calculate the future money and what rules they are going to impose.
Well you have to admit this is an efficient way to tax the middle to high income earners in this country, and at the same time curb CC abuse. Those that has too many CC are either abusing it, mismanaging their finance, or considered rich by our government.
The question is, can they successfully enforce it? CC abuse is also rampant in developed countries.
Now we'll see what's BNM and Bank's move.

[/quote]
so at the end the rich will get richer and the poor will get poorer because all of this still benefit the rich income society...
which people in this world would wan their income to be taxed more?
and nowadays all the end users are still not very satisfied with the resources and facilities provided by the government eventhough they pay their tax every year...
everybody will be up sad for their hard earned money that have been passed to the government and the money is not being spend wisely...

and LGE has given a very great comment that surprised me...
those people who worked at iskandar will only be taxed 15% while the rest of the rakyat in malaysia should taxed 26%...
is this considered as 1Malaysia? WTF!

p/s: sorry for my bad english and composition. i m still learning...

Will we ended up worst than our neighbouring country ?

we already did....

jz the matter or getting better...or worsen

like which country lah ?
btw what & how is Filipina doing ? what happen there now ?

Well, if Pakatan takes over, and weeds out corruption, then the Govt can give more subsidies WITHOUT imposing more tax on the taxpayers. How? If the Govt is transparent in open tenders, alot of money can be saved. Instead of now paying more than RM40k for a laptop.

1. Can you tangibly give a clear measure on how much "loss" Malaysia is making at the 2 border towns in fuel? It isn't too hard based on existing numbers:

Based on generic numbers at http://en.wikipedia.org/wiki/Johor-Singapore_Causeway
It states 60,000 vehicles a day travel both ways; Let's assume 30,000 each way. That leaves 30,000 that are going into Johor of which we can safely assume 60% are Malaysian bikes (a visual confirmation at the causeway can give you that) returning after work. That leaves 12,000 Singapore vehicles, of which we can then take into consideration that 40% cars = 4,800 that needs to comply to the 3/4 full tank rule, and 60% bikes = 7,200 that doesn't need to comply.

Based on the above numbers, we assume that 1/4 car tank is 15 litres, and bike empty tank at 10 litres.

(15 x 4,800) + (10 x 7,200) = 72,000 + 72,000 = 144,000 litres "taken" by Singaporean vehicles daily.

Since there are no numbers for the Second link, and taking into consideration that Tuas is an industrial area, and that the main traffic is Malaysians returning (based on my own experience), we just assume both causeways are having the same daily volume (disregarding the much higher ratio of Malaysians seen), we are talking 288,000 litres daily "taken" by a total of 24,000 Singaporean vehicles.

Based on Malaysia Statistics http://www.statistics.gov.my/portal/index....emid=11〈=en

We are looking at 28.31 Million Malaysians. On the conservative assumption that only 30% have vehicles, we are talking 8.493 Million Malaysian vehicles on the road.

Based on that numbers, we are seeing that Singapore cars "taking" barely 0.0028% of your total fuel subsidy. That does not take into consideration the amount of money Singaporeans spend on shopping in Johor, holidaying in Desaru, partying at The Zon, just to name a few.

Let's go further to assume that the traffic from Thailand takes up DOUBLE what Singaporeans take by having a total of 48,000 vehicles entering from the north daily, that would equate to Thailand and Singapore "taking" barely 0.0056% of your fuel, but paying back to Malaysia via tourism and shopping.

Tell me, if you feel that Johor felt that it was a bad deal, would they still persist till this day in giving the fuel subsidies as "bait" to encourage spending? Would it be logical that "for the benefit of 0.0056% of the petrol clients" they keep the prices as such? Or is it for the 99.9944% of petrol clients which are Malaysians?

This post has been edited by Nicholas Chan: Oct 25 2009, 12:51 PM

Then the questions is again throw back to the citizen.
Are we willing to support a clean and corrupt less government?


Giving more subsidies is a form of corruption.
I give you something back if I am elected. Sounds familiar?

May be most of us already familiar with the current policies. Where is current G transparency? What we know is publish by them as well, you question them and they will tweeze until escape. As you mention 'how would he come up with the money', well we should ask where our money went at this G. Believed many thing already hide up by G. Malaysia is a rich country if manage well. Please avoid to do the mistake over past 50 + years. NEXT...be proud to say with your next generation, I manage to change Malaysia so called 'fate'. By G change, Malaysia RAKYAT will become better.

---

Added on October 25, 2009, 2:37 pmWe want well manage G in this country. They are many resources wasted in current G. No doubt if new G remain same character, it will be changed as well. They will perform well when there is competitor.

This post has been edited by yunhui98: Oct 25 2009, 02:53 PM

Ah nice one..n that is seriously bad.

Well, use the money to corrupt more cops around ..You know from the IGM to who ever downline is...
become a case of corruption like in HK during british era.

No, Look...how many of you actually live by law & obey the law, especially traffic law.
from 1Malaysia video propaganda, it shown about how Msia with corruption especially the status quo chinese... MCA....name it you see all of you corrupted.
What you want to weed? Judiciary also corrupted; from downroot to highest court in Msia. Our lawyer even more corrupt & half cup when come to law...
Not yet construction, when we see heaps of Consultation come freebies...You know..As long Iskandar is on track & more Dubai investor are investing stuff...

Msia, by itself...doesn't want to grow up. But Najib wants it.

Honestly, how much fuel does your car consume each year la? How much sugar you bought? How many KG of cooking oil you bought? I dont mind paying more if you take away these so called subsidies that does not matter at all. Just reduce the income tax and stop making us pay unreal tax for nothing.

Yes, politicians are corrupt. But our politicians aint only corrupt, but stupid as well though not all of them.

Would you rather receive something back, or receive nothing back at all?
Remember, politicians are itchy. If there's money left in the Govt coffer, they will think of a scheme to blow away the money (and pocket some along the way).
So, my question back to you is,... would you rather receive something back? Or see your money go to waste?