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 Economists propose Universal Basic Income to Anwar

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TSHikayatSalju
post Nov 27 2022, 09:43 AM, updated 3 months ago

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Yveatel
post Nov 27 2022, 09:51 AM

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UBI being talk among economist for long time. But I still hardly grasp the concept on how it works
qwerty79
post Nov 27 2022, 09:51 AM

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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.
shinigamidesu
post Nov 27 2022, 09:52 AM

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cannot jalan in malaysia....
9m2w
post Nov 27 2022, 09:53 AM

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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
mac_mac21
post Nov 27 2022, 09:56 AM

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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
jay
post Nov 27 2022, 09:57 AM

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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
Noryume
post Nov 27 2022, 09:58 AM

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In Malaysia it will only work if all seller declare income truthfully.
ReoAyanami
post Nov 27 2022, 09:58 AM

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QUOTE(Yveatel @ Nov 27 2022, 09:51 AM)
UBI being talk among economist for long time. But I still hardly grasp the concept on how it works
*
It's just a more regular BR1M.
Ttbatdtptsm
post Nov 27 2022, 10:00 AM

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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 .
Jazted
post Nov 27 2022, 10:01 AM

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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.

But I think better to try reduce price.
*
I think they can utilise the ewallet, example government give RM100 in ewallet, but it can only go through when purchasing certain grocery
yongku99
post Nov 27 2022, 10:04 AM

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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.
funnyTONE
post Nov 27 2022, 10:06 AM

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Sounds like socialism concept.
I dont like it, prefer a more competitive market.
squall_12
post Nov 27 2022, 10:08 AM

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QUOTE(funnyTONE @ Nov 27 2022, 10:06 AM)
Sounds like socialism concept.
I dont like it, prefer a more competitive market.
*
ya i think not suitable in malaysia right now.
Cereal
post Nov 27 2022, 10:09 AM

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Great, more free money to increase inflation. Where do these "economist" study ya
sakuraboo
post Nov 27 2022, 10:09 AM

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QUOTE(Noryume @ Nov 27 2022, 09:58 AM)
In Malaysia it will only work if all seller declare income truthfully.
*
Implement GST to everything

Owai
Eurochem
post Nov 27 2022, 03:25 PM

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QUOTE(Yveatel @ Nov 27 2022, 09:51 AM)
UBI being talk among economist for long time. But I still hardly grasp the concept on how it works
*
TLDR: BR1M
Sichiri
post Nov 27 2022, 03:27 PM

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QUOTE(Yveatel @ Nov 27 2022, 09:51 AM)
UBI being talk among economist for long time. But I still hardly grasp the concept on how it works
*
Give money to people > money circulate via buy/sell good > economy goes up.
downside : more money = less value, however how much less value is unclear
Eurochem
post Nov 27 2022, 03:27 PM

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QUOTE(Cereal @ Nov 27 2022, 10:09 AM)
Great, more free money to increase inflation. Where do these "economist" study ya
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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

teehk_tee
post Nov 27 2022, 03:27 PM

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Ubi good for inflation. Good. Me good
Yveatel
post Nov 27 2022, 03:27 PM

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QUOTE(Sichiri @ Nov 27 2022, 03:27 PM)
Give money to people > money circulate via buy/sell good > economy goes up.
downside : more money = less value, however how much less value is unclear
*
oooo.
Hobbez
post Nov 27 2022, 03:28 PM

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What if they link UBI with a Social Credit Score?
Sichiri
post Nov 27 2022, 03:29 PM

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QUOTE(Eurochem @ Nov 27 2022, 03:25 PM)
TLDR: BR1M
*
not the same
BR1M is on-off, UBI is basically free gaji each month for everyone regardless if you're working or not.

Rusty Nail
post Nov 27 2022, 03:30 PM

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10% GST incoming
50% income tax incoming
Rusty Nail
post Nov 27 2022, 03:31 PM

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QUOTE(Hobbez @ Nov 27 2022, 03:28 PM)
What if they link UBI with a Social Credit Score?
*
Hail xidada
pisces88
post Nov 27 2022, 03:32 PM

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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?
Boomwick
post Nov 27 2022, 03:33 PM

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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
Capt. Marble
post Nov 27 2022, 03:33 PM

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See durian price index...
marfccy
post Nov 27 2022, 03:35 PM

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i dont think UBI will work for a small country like ours

UBI works great only if the entire nation are generally well off
Jjoottt
post Nov 27 2022, 03:36 PM

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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…
Cincai lar
post Nov 27 2022, 03:38 PM

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give money buy ipong,..
Mee Rebus
post Nov 27 2022, 03:39 PM

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QUOTE(mac_mac21 @ Nov 27 2022, 09:56 AM)
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
*
Yes, even illegal foreigners enjoy these subsidies when they pay zero taxes to the government
Cincai lar
post Nov 27 2022, 03:39 PM

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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
pisces88
post Nov 27 2022, 03:43 PM

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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
letitsnow
post Nov 27 2022, 03:47 PM

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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
red streak
post Nov 27 2022, 03:49 PM

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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.
diffyhelman2
post Nov 27 2022, 03:52 PM

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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.

user posted image
Drian
post Nov 27 2022, 03:53 PM

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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.




JohnL77
post Nov 27 2022, 03:56 PM

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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.

But I think better to try reduce price.
*
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?
adamtayy
post Nov 27 2022, 03:59 PM

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QUOTE(jay @ Nov 27 2022, 09:57 AM)
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
*
If you don't have a B.A degree

Go get 1 lah

What so hard???

Easy preasy only


9m2w
post Nov 27 2022, 04:01 PM

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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.

user posted image
*
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 kek

But 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.
JohnL77
post Nov 27 2022, 04:12 PM

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QUOTE(Rising Power @ Nov 27 2022, 04:01 PM)
UBI should only be for ppl above 50 years old since companies rarely hire above 50.

Young ppl must work for their money.
*
You understand what Universal means or not?


fabvader
post Nov 27 2022, 04:18 PM

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What if people just dont care to work and just take the free money? That would hurt industries no?
gaeria84
post Nov 27 2022, 04:19 PM

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So can get dole money? drool.gif
aq_admiral2020
post Nov 27 2022, 04:25 PM

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sound fair enough but Just remove all subsidies first.

spamfish
post Nov 27 2022, 04:27 PM

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give money => ipong14
kamfoo
post Nov 27 2022, 04:28 PM

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huat ah
Eurochem
post Nov 27 2022, 04:31 PM

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QUOTE(Sichiri @ Nov 27 2022, 03:29 PM)
not the same
BR1M is on-off, UBI is basically free gaji each month for everyone regardless if you're working or not.
*
BR1M was one off every year.
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
alexkos
post Nov 27 2022, 04:36 PM

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yes, more capital to hoot toto pls
Bill888
post Nov 27 2022, 04:46 PM

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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.
jamilselamat
post Nov 27 2022, 04:46 PM

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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.
Nihonmaru
post Nov 27 2022, 04:47 PM

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With majority malaysian productivity we cannot afford so.
AthrunIJ
post Nov 27 2022, 04:48 PM

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Wee, MYR valueless soon

Wee.....

👀🍷🍿🤭
pwncake
post Nov 27 2022, 04:52 PM

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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
fuzzy
post Nov 27 2022, 05:20 PM

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Most UBI experiments fail, even in country you think is utopia.

user posted image
xenogearz88
post Nov 27 2022, 05:30 PM

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Do these "economists" want to fucking bankrupt the country and turn people lazy?
ikankering
post Nov 27 2022, 05:30 PM

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i happy. gov should help b40
msacras
post Nov 27 2022, 05:32 PM

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QUOTE(Yveatel @ Nov 27 2022, 09:51 AM)
UBI being talk among economist for long time. But I still hardly grasp the concept on how it works
*
Pipits got money to spend at the cost of government.
Satan Fallen One
post Nov 27 2022, 05:32 PM

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QUOTE(fabvader @ Nov 27 2022, 04:18 PM)
What if people just dont care to work and just take the free money? That would hurt industries no?
*
This is what happened in the US.

People just continues to claim unemployment aid instead of working.
pandah
post Nov 27 2022, 05:33 PM

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Where the money comes from?

Bagi ubi rebus pun kena pakai duit leh
red streak
post Nov 27 2022, 06:42 PM

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QUOTE(Rising Power @ Nov 27 2022, 04:01 PM)
UBI should only be for ppl above 50 years old since companies rarely hire above 50.

Young ppl must work for their money.
*
Old people if wasted their lives not saving for retirement should just 14th lah. Waste of space and air.
jett138
post Nov 27 2022, 06:49 PM

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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.
s@ni
post Nov 27 2022, 06:54 PM

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QUOTE(HikayatSalju @ Nov 27 2022, 09:43 AM)
Bad move. Look at France. Banyak masalah dengan smic
Mr.Robert
post Nov 27 2022, 07:04 PM

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QUOTE(Yveatel @ Nov 27 2022, 09:51 AM)
UBI being talk among economist for long time. But I still hardly grasp the concept on how it works
*
Tak p3rlu kerja

Money fell from the sky.

Feel good man
Cincai lar
post Nov 27 2022, 07:11 PM

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QUOTE(pwncake @ Nov 27 2022, 04:52 PM)
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
*
no work get money,... do work do business get tax,... people prefer don't don't work,..
YamiBear
post Nov 27 2022, 09:15 PM

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UBI vs subsidizing fuels for the rich.

 

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