OneBuck,

You have not look FAR and WIDE across history of many countries and places.

Malaysia has 1.2 millions to 1.6 millions civil servant and GLC employees.  This is out of 8 millions to 10 millions working age people.  So far, we did not have any crissi that affected this group of people over the past 50+ years.  Not even in 97/98.  In worst case scenerio, the government run out of money and laid of half or more of those people, can YOU imagine what will happen next??

Dreamer

arthurlwf,

A) WHY do you use the word "will"??  Isn't this happening right in front of your eyes now???

B) When the same EMPLOYER is feeding 1.2 to 1.6 millions people, every tax will hit the same group of people and they need more money to survive...  Hence, they will DEMAND more salary.  Things just spiraling down from here....

Dreamer

arthurlwf,

50+% of the KLSE is owned GLC and GLIC.  The G stands for Government.  Haven't you seen and hear more and more implicit tax increase??

The latest one is the prepaid card tax... Then, you will get GST too...

<<You mean the government had impose more than 60% on income tax?>>

That is TOO OBVIOUS and will drive out all the rich people that can leave any time...  Plus, it will not raise enough money anyhow.  Only 1+ million people pay income tax....

Dreamer

arthurlwf,

You still do not get IT.

Why would they tax themselves?? They are the ONE that bring money out....

They will tax people that cannot do anything about this.

For example, sugar price.  Rice price.. Cooking oil tax...  It is ALL happening now...

Dreamer

Well boys I am not convinced with the economic situation ,I will rather invest in land than anything else but its so f..g expensive now