Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

 Open Message to BMX

views
     
Roblox Malaya
post Feb 12 2024, 12:59 PM

New Member
*
Junior Member
4 posts

Joined: Mar 2019


What rubbish.

The main reason why national debt grew RM520b from RM686b in 2017 during Najib time to RM1.2 trillion now is not because of RM32b 1MDB (fully paid already from recovery and still got surplus and assets) or gross mismanagement in the past.

It is because:
1. You remove GST and replace with SST means loss of RM30b per year additional revenue to govt. 30 X 6 years = RM180b. Some more you give 3 months no GST/SST tax holiday in 2018.

2. You go put back blanket subsidies for fuel. That is another RM30b per year additional cost burden per year. RM30b X 6 years is another RM180b

3. All those political instability and incompetent governments and quarrels with other countries meant our economy growth much slower compared to Najib years. Slower economy means lower tax collections and govt revenues.

Just the first two is already RM320b additional debt.
Roblox Malaya
post Feb 12 2024, 01:04 PM

New Member
*
Junior Member
4 posts

Joined: Mar 2019


QUOTE(Rusty Nail @ Feb 12 2024, 01:00 PM)
SST everything = GST ke tu
*
It's actually worse. Every time you introduce a new tax or increase an existing tax, traders take opportunity to raise prices higher than the actual tax increase.

So you got

Opportunity 1 in Sept 2018 when SST introduced

Opportunity 2 in Jan 2020 when DST introduced

Opportunity 3 in Jan 2024 when LVGT and CGT introduced

Opportunity 4 in Mac 2024 when service tax and DST increase from 6% to 8% and also service tax scope expanded to more sectors

Opportunity 5 in Mei 2024 when HVGT tax introduce

And yet... all the above collections still cannot match revenues from GST.

Prices have already stabilized after GST introduced in 2015. Subsequent govts destabilize it again multiple times and give many many more opportunity and excuses for traders to increase in price.

Is it any wonder why even McD and KFC prices jump so much in the past 6 years compared to the relatively stable prices the entire 9 years that Najib was PM?
Roblox Malaya
post Feb 12 2024, 01:06 PM

New Member
*
Junior Member
4 posts

Joined: Mar 2019


The govts post-Jibby is the cause of their own problems today when it comes to national debt and deficit.

user posted image

 

Change to:
| Lo-Fi Version
0.0168sec    0.69    6 queries    GZIP Disabled
Time is now: 12th December 2025 - 06:33 PM