QUOTE(jvcpcv55 @ Nov 28 2021, 05:02 PM)
wow
that is a way of looking at the national debt.
kampung people eat grass is it?
even you spend very little,
you will find your little become more tiny little
yes everyone is affected but....
imagine you have RM 2 and spend RM 1 a day.
and let just assume national debt affects each and every person by 3%
since he spend RM 1 a day, that only affect him by a neglible 6 cents a day.
there isn't very much to tap from this person anyway.
so his 3% has to be shouldered by another richer person.
compared to richer people who probably spend RM 100 a day, and maybe buy a new property every 5 years.
imagine how much that 3% will affect him?
let just say that rich person has some kind of investment and cash saving of RM 500k.
the weakening of currency will affect his saving of 500k value and maybe his investment will be in the loss.
this is why M40 always the group making noise while B40 seldom noise about their reducing spending power.
I pick some random number from the sky, but that is only for explanation purposes.
This post has been edited by Newsray: Nov 28 2021, 07:04 PM