Economists propose Universal Basic Income to Anwar
Economists propose Universal Basic Income to Anwar
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Nov 27 2022, 09:43 AM, updated 2y ago
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#1
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Junior Member
760 posts Joined: Oct 2021 |
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Nov 27 2022, 09:51 AM
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#2
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Senior Member
879 posts Joined: Nov 2013 From: Ceres |
UBI being talk among economist for long time. But I still hardly grasp the concept on how it works
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Nov 27 2022, 09:51 AM
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#3
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Senior Member
1,884 posts Joined: Jan 2005 From: Pahang |
If they do this, better give in coupon to buy necessity. If give money, will use for other thing.
But I think better to try reduce price. |
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Nov 27 2022, 09:52 AM
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#4
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Junior Member
148 posts Joined: Oct 2009 |
cannot jalan in malaysia....
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Nov 27 2022, 09:53 AM
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#5
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Senior Member
1,021 posts Joined: Feb 2007 |
He should actually ask to see Tengku Zafruls targeted subsidy work to date. Cos I suspect the work memang stopped half way. Targeted subsidy is like an urban legend at this rate. Too difficult and too painful to implement YamiBear liked this post
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Nov 27 2022, 09:56 AM
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#6
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Junior Member
118 posts Joined: Feb 2021 |
Just continue with BKM method
So many resources have been use since Najib BR1M era Targeted subsidy is the way forward Rakyat just need to declare source of income to LHDN to qualify And stop blanket style subsidy like fuel and cooking oil |
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Nov 27 2022, 09:57 AM
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#7
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Senior Member
902 posts Joined: Jan 2003 From: Central Region Status: Safe Trader |
all those subsidi will somehow at the end become ineffective
better start focus on education, economy development, create more job opportunity, rather than patching here and there with subsidi can start by lowering job requirement of degree holder that will open up alot of job opportunity and aligned with actual job scope, many job just poyo put degree holder requirement but actually just kuli/labour type job scope |
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Nov 27 2022, 09:58 AM
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#8
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864 posts Joined: Oct 2013 |
In Malaysia it will only work if all seller declare income truthfully. Uncle_Benny and smallcrab liked this post
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Nov 27 2022, 09:58 AM
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#9
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Newbie
13 posts Joined: Feb 2005 |
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Nov 27 2022, 10:00 AM
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#10
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Junior Member
57 posts Joined: Oct 2021 |
BN manifesto is asssistive basic income .if ur household earns less than rm2208 , then gov will top the balance for u. Dont know why ppl do nt want this .
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Nov 27 2022, 10:01 AM
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Junior Member
224 posts Joined: Apr 2022 |
QUOTE(qwerty79 @ Nov 27 2022, 09:51 AM) If they do this, better give in coupon to buy necessity. If give money, will use for other thing. I think they can utilise the ewallet, example government give RM100 in ewallet, but it can only go through when purchasing certain groceryBut I think better to try reduce price. |
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Nov 27 2022, 10:04 AM
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#12
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76 posts Joined: Nov 2021 |
Only can happen if we do the theoretical Modern Monetary Theory(MMT), money printing without causing inflation, whatever subsidies or project funding etc planned, after everything completed, forget it, go to next project etc, whatever amount you print, it ends there, move on. To control inflation, use taxation for all businesses.
Very controversial theory of money from the 1970s, sounds impossible, but all the top economies doing it probably partially, coz some country print like hell but inflation is not that high, something we need to learn. |
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Nov 27 2022, 10:06 AM
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#13
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Senior Member
2,937 posts Joined: Apr 2006 |
Sounds like socialism concept.
I dont like it, prefer a more competitive market. |
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Nov 27 2022, 10:08 AM
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#14
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1,748 posts Joined: Jan 2003 |
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Nov 27 2022, 10:09 AM
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197 posts Joined: Jan 2003 From: Selangor SJ |
Great, more free money to increase inflation. Where do these "economist" study ya
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Nov 27 2022, 10:09 AM
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1,535 posts Joined: Jan 2007 |
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Nov 27 2022, 03:25 PM
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209 posts Joined: May 2022 |
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Nov 27 2022, 03:27 PM
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#18
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Senior Member
1,165 posts Joined: Jan 2003 From: Kepong, Kuala Lumpur, Malaysia. |
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Nov 27 2022, 03:27 PM
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Junior Member
209 posts Joined: May 2022 |
QUOTE(Cereal @ Nov 27 2022, 10:09 AM) The same place that came up with study that states if women are given equal pay, trillions will suddenly be introduced into the economy.https://www.mckinsey.com/featured-insights/...o-global-growth QUOTE How advancing women’s equality can add $12 trillion to global growth |
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Nov 27 2022, 03:27 PM
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#20
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5,358 posts Joined: Apr 2005 From: KUL-BKK |
Ubi good for inflation. Good. Me good
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Nov 27 2022, 03:27 PM
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#21
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Senior Member
879 posts Joined: Nov 2013 From: Ceres |
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Nov 27 2022, 03:28 PM
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Junior Member
365 posts Joined: Dec 2009 |
What if they link UBI with a Social Credit Score?
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Nov 27 2022, 03:29 PM
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#23
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1,165 posts Joined: Jan 2003 From: Kepong, Kuala Lumpur, Malaysia. |
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Nov 27 2022, 03:30 PM
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#24
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Senior Member
4,782 posts Joined: Jan 2003 From: Petaling Jaya |
10% GST incoming
50% income tax incoming |
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Nov 27 2022, 03:31 PM
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#25
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Senior Member
4,782 posts Joined: Jan 2003 From: Petaling Jaya |
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Nov 27 2022, 03:32 PM
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3,711 posts Joined: Nov 2007 |
Its never going to be fair , reduce harga barang or UBI is good enough, instead of giving coupon or cash or targeted subsidy.
Targetted subsidy too many loopholes. Roadside stalls owner probably m40 or t20, but enjoy b40 subsidy? And actual M40 categorize as T20 paying 20% tax, enjoy nthg? |
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Nov 27 2022, 03:33 PM
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#27
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Junior Member
558 posts Joined: Mar 2019 |
Allocate more hours in english science and mathematic..
Then people get better.. Then ff only will come when they see the more people have a basic standard of knowledge This post has been edited by Boomwick: Nov 27 2022, 03:33 PM |
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Nov 27 2022, 03:33 PM
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#28
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Junior Member
173 posts Joined: Jan 2019 From: Earth |
See durian price index...
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Nov 27 2022, 03:35 PM
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#29
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Senior Member
4,104 posts Joined: Nov 2011 |
i dont think UBI will work for a small country like ours
UBI works great only if the entire nation are generally well off |
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Nov 27 2022, 03:36 PM
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#30
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Junior Member
99 posts Joined: Jan 2019 |
If Anwar introduces too many tax or many unpopular income to Govt at the expense of rakyat, it’s gonna cost future elections. Just look at previous short term PH Govt in GE14 cost cutting effect to the rakyat… gaeria84 liked this post
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Nov 27 2022, 03:38 PM
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113 posts Joined: Apr 2019 |
give money buy ipong,..
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Nov 27 2022, 03:39 PM
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#32
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2 posts Joined: Mar 2022 |
QUOTE(mac_mac21 @ Nov 27 2022, 09:56 AM) Just continue with BKM method Yes, even illegal foreigners enjoy these subsidies when they pay zero taxes to the governmentSo many resources have been use since Najib BR1M era Targeted subsidy is the way forward Rakyat just need to declare source of income to LHDN to qualify And stop blanket style subsidy like fuel and cooking oil |
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Nov 27 2022, 03:39 PM
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Junior Member
113 posts Joined: Apr 2019 |
no need to work can get free money,.. whole country will become more lazy,..
This post has been edited by Cincai lar: Nov 27 2022, 03:39 PM |
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Nov 27 2022, 03:43 PM
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Senior Member
3,711 posts Joined: Nov 2007 |
Use ic n mesjahtera app probably, when buying groceries, b40 enjoy some discount that grocers can claim back from government like gst? Including petrol station, use ic to tap then can get cheaper rate, after that petrol station claim back the discount from government or contra income tax (ala gst)
This post has been edited by pisces88: Nov 27 2022, 03:43 PM |
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Nov 27 2022, 03:47 PM
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19 posts Joined: Nov 2019 |
Do the subsidi bersasar first. i expect we do it USA's food stamp style, But instead, we do "digital fuel stamp" that is nontransferable and. That way people will think twice to go out. and of course fuel price will be free floating according to market.
UBI maybe do it later if they ever want to do it, though i don't like it . maybe after GST. This post has been edited by letitsnow: Nov 27 2022, 03:49 PM |
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Nov 27 2022, 03:49 PM
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#36
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1,482 posts Joined: Feb 2006 |
Just get everyone to file taxes even if they don't make enough to pay taxes. Then randomly audit these B40s to see if they really legit or not including spot checks to their houses. Of course you'll have to beef up LHDN numbers first like what the US is doing with their IRS (87,000 extra hires) just to crack down on SMEs tax-dodging. Most of the leakages are in the SMEs and you could easily recover tens if not hundred of millions of unpaid taxes there.
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Nov 27 2022, 03:52 PM
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#37
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Junior Member
807 posts Joined: Apr 2019 |
QUOTE(9m2w @ Nov 27 2022, 09:53 AM) He should actually ask to see Tengku Zafruls targeted subsidy work to date. Cos I suspect the work memang stopped half way. Targeted subsidy is like an urban legend at this rate. Too difficult and too painful to implement Remember this? never got to go in one because all zaplap d by the time I came back. Although 99 speedmart seems to be basically doing the same function now. |
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Nov 27 2022, 03:53 PM
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Senior Member
4,968 posts Joined: Jan 2003 |
Nobody wants to name the economists.
Because they do not want to be accountable when this policy screws up. Name the economist, where they graduate from and where they work now. |
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Nov 27 2022, 03:56 PM
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#39
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Senior Member
1,734 posts Joined: Mar 2013 |
QUOTE(qwerty79 @ Nov 27 2022, 09:51 AM) If they do this, better give in coupon to buy necessity. If give money, will use for other thing. You mean like Central Bank Digital Currency that can be programmed to only allow purchasing certain things and if you don't do what the government says, your coupons are deleted?But I think better to try reduce price. |
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Nov 27 2022, 03:59 PM
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#40
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Senior Member
1,121 posts Joined: May 2006 From: Penang island |
QUOTE(jay @ Nov 27 2022, 09:57 AM) all those subsidi will somehow at the end become ineffective If you don't have a B.A degreebetter start focus on education, economy development, create more job opportunity, rather than patching here and there with subsidi can start by lowering job requirement of degree holder that will open up alot of job opportunity and aligned with actual job scope, many job just poyo put degree holder requirement but actually just kuli/labour type job scope Go get 1 lah What so hard??? Easy preasy only |
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Nov 27 2022, 04:01 PM
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Senior Member
1,021 posts Joined: Feb 2007 |
QUOTE(diffyhelman2 @ Nov 27 2022, 03:52 PM) Remember this? never got to go in one because all zaplap d by the time I came back. Although 99 speedmart seems to be basically doing the same function now. True story I once stepped in to a K1M to buy something. The malay worker spoke in reasonable cantonese to tell me, bro you better off buying that next door. I think it was condensed milk kekBut on a serious note cash handouts like BR1M and BSH still the best. Even Mydin complained he took a hit running these stores. And in the end he was accused of profiteering also. |
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Nov 27 2022, 04:12 PM
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#42
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1,734 posts Joined: Mar 2013 |
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Nov 27 2022, 04:18 PM
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66 posts Joined: Feb 2009 |
What if people just dont care to work and just take the free money? That would hurt industries no?
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Nov 27 2022, 04:19 PM
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Senior Member
830 posts Joined: Mar 2005 |
So can get dole money?
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Nov 27 2022, 04:25 PM
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Junior Member
57 posts Joined: Aug 2020 |
sound fair enough but Just remove all subsidies first.
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Nov 27 2022, 04:27 PM
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Junior Member
184 posts Joined: May 2007 From: Penang |
give money => ipong14
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Nov 27 2022, 04:28 PM
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Junior Member
793 posts Joined: Nov 2010 |
huat ah
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Nov 27 2022, 04:31 PM
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Junior Member
209 posts Joined: May 2022 |
QUOTE(Sichiri @ Nov 27 2022, 03:29 PM) not the same BR1M was one off every year.BR1M is on-off, UBI is basically free gaji each month for everyone regardless if you're working or not. meaning it's just UBI at a lower value than what UBI advertises. That being said, free money is just gonna mean no one working |
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Nov 27 2022, 04:36 PM
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Senior Member
2,201 posts Joined: Jun 2010 |
yes, more capital to hoot toto pls
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Nov 27 2022, 04:46 PM
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Newbie
3 posts Joined: Jun 2015 |
In meleisia won't work. Later many people won't want to work. Minimum salary already increased to 1500, what else you want. It's better no work no pay, that's the real incentive for people to work.
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Nov 27 2022, 04:46 PM
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#51
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Junior Member
145 posts Joined: Jul 2011 |
Free money, as much as it pains for me to say this, IS NOT THE SOLUTION.
People who get money needs to generate something in return to add value to the money circulation. Otherwise it will become worthless. There are better ways to help us. Free money IS NOT ONE OF THEM. |
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Nov 27 2022, 04:47 PM
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#52
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Junior Member
177 posts Joined: Aug 2021 |
With majority malaysian productivity we cannot afford so.
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Nov 27 2022, 04:48 PM
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#53
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Senior Member
2,924 posts Joined: Feb 2015 |
Wee, MYR valueless soon
Wee..... 👀🍷🍿🤭 |
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Nov 27 2022, 04:52 PM
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#54
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Junior Member
108 posts Joined: Apr 2009 |
Sah semua tak baca buku
Spend some time go read Stephanie Kelton’s The Deficit Myth please. UBI may not be perfect. But it’s an option. Negative income tax may be good. But all will have to file for income taxes for it to work. Otherwise baik buang duit je and inflation will spiral out of control |
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Nov 27 2022, 05:20 PM
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#55
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6,659 posts Joined: Jan 2003 |
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Nov 27 2022, 05:30 PM
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Junior Member
24 posts Joined: Feb 2011 |
Do these "economists" want to fucking bankrupt the country and turn people lazy?
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Nov 27 2022, 05:30 PM
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#57
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Newbie
42 posts Joined: Jan 2017 |
i happy. gov should help b40
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Nov 27 2022, 05:32 PM
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#58
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1,672 posts Joined: Jan 2019 |
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Nov 27 2022, 05:32 PM
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#59
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3 posts Joined: Nov 2021 |
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Nov 27 2022, 05:33 PM
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Senior Member
668 posts Joined: Jul 2011 |
Where the money comes from?
Bagi ubi rebus pun kena pakai duit leh |
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Nov 27 2022, 06:42 PM
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#61
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Senior Member
1,482 posts Joined: Feb 2006 |
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Nov 27 2022, 06:49 PM
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#62
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Junior Member
290 posts Joined: Dec 2007 |
this is how they want you to own nothing and be happy while milking you for the upcoming years and generations.
UBI need a lot of automation involved since malaysia is still very much labor intensive. it might work with cbdc and tokenize the citizens. in the end the 1% wins. |
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Nov 27 2022, 06:54 PM
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#63
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2,814 posts Joined: Jun 2005 From: Seasaw |
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Nov 27 2022, 07:04 PM
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235 posts Joined: Sep 2012 |
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Nov 27 2022, 07:11 PM
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113 posts Joined: Apr 2019 |
QUOTE(pwncake @ Nov 27 2022, 04:52 PM) Sah semua tak baca buku no work get money,... do work do business get tax,... people prefer don't don't work,..Spend some time go read Stephanie Kelton’s The Deficit Myth please. UBI may not be perfect. But it’s an option. Negative income tax may be good. But all will have to file for income taxes for it to work. Otherwise baik buang duit je and inflation will spiral out of control |
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Nov 27 2022, 09:15 PM
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Newbie
11 posts Joined: Apr 2017 |
UBI vs subsidizing fuels for the rich.
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