About two weeks ago the following went viral via WhatsApp.
The writer carries the name Arianto Husani.
I do not know if this person is real or it is a made up name.
But Arianto Husani's list of "corruptions" and "racist policies" is worth a close look.
I have corrected some spelling and grammar.
As usual my own comments are in blue.
(Please do read my Closing Comments too. Thank you.)
The writer carries the name Arianto Husani.
I do not know if this person is real or it is a made up name.
But Arianto Husani's list of "corruptions" and "racist policies" is worth a close look.
I have corrected some spelling and grammar.
As usual my own comments are in blue.
(Please do read my Closing Comments too. Thank you.)
(My comments : It will only get worse. From my own personal observation and personal experience, the religious people can be the worst cheats, liars and kuffar. They are the spawn of satan. The more religious they claim to be, the worse satans many, many of them are. Note how in our country the religious party is now sleeping with same people they labelled syaitan and kafir before.)
Then here is a "list of corruption in Malaysia" prepared by Arianto Husani.
Some of his points here can be debated but thank you Arianto.
You have done a lot of research to prepare this list.
LIST OF CORRUPTION IN MALAYSIA :
1. PKFZ RM12 billion
2. Submarine Commission RM500 million
3. Sime Darby RM964 million
4. Paya Indah Wetlands RM88 million
5. Pos Malaysia (Transmile) RM230 million lost
6. Eurocopter deal RM1 billion wasted
7. Terengganu Stadium collapse RM292 million
8. MRR2 repair cost RM70 million
9. Maybank overpaid BII RM4 billion
10. Tourism - NYY kickback RM10 million
11. 3 paintings bought by MAS RM1.5 million
12. Overpayment by Sports Ministry RM8.4 million
13. London’s white elephant sports complex RM70 million
14. MATRADE repairs RM120 million
15. Cost of new plane used by PM RM200 million
16. InventQ irrecoverable debt RM228 million
17. Compensation for killing crooked bridge RM257 million
18. Loss in selling Augusta RM 510 million
19. Worth of APs given out in a year RM1.8 billion
20. Submarines (future Muzium Negara artifacts) RM4.1 billion
21. PSC Naval dockyard RM6.75 billion
22. The Bank Bumiputra twin scandals in the early 1980s saw US$1 billion losses (RM3.2 billion in 2008)
23. The Maminco attempt to corner the World Tin Market in the 1980s is believed to have cost some US$500 million (RM1.6 billion)
24. Betting in foreign exchange futures cost Bank Negara Malaysia RM30 billion in the 1990s
25. Perwaja Steel’s US$800 million (RM2.56 billion) losses
26. Use of RM10 billion public funds in the Valuecap Sdn Bhd operation to shore up the stock market
27. Banking scandal of RM700 million losses in Bank Islam
28. The sale of M.V. Agusta by Proton for one Euro making a loss of €75.99 million (RM348 million) Same as No.18.
2. Submarine Commission RM500 million
3. Sime Darby RM964 million
4. Paya Indah Wetlands RM88 million
5. Pos Malaysia (Transmile) RM230 million lost
6. Eurocopter deal RM1 billion wasted
7. Terengganu Stadium collapse RM292 million
8. MRR2 repair cost RM70 million
9. Maybank overpaid BII RM4 billion
10. Tourism - NYY kickback RM10 million
11. 3 paintings bought by MAS RM1.5 million
12. Overpayment by Sports Ministry RM8.4 million
13. London’s white elephant sports complex RM70 million
14. MATRADE repairs RM120 million
15. Cost of new plane used by PM RM200 million
16. InventQ irrecoverable debt RM228 million
17. Compensation for killing crooked bridge RM257 million
18. Loss in selling Augusta RM 510 million
19. Worth of APs given out in a year RM1.8 billion
20. Submarines (future Muzium Negara artifacts) RM4.1 billion
21. PSC Naval dockyard RM6.75 billion
22. The Bank Bumiputra twin scandals in the early 1980s saw US$1 billion losses (RM3.2 billion in 2008)
23. The Maminco attempt to corner the World Tin Market in the 1980s is believed to have cost some US$500 million (RM1.6 billion)
24. Betting in foreign exchange futures cost Bank Negara Malaysia RM30 billion in the 1990s
25. Perwaja Steel’s US$800 million (RM2.56 billion) losses
26. Use of RM10 billion public funds in the Valuecap Sdn Bhd operation to shore up the stock market
27. Banking scandal of RM700 million losses in Bank Islam
28. The sale of M.V. Agusta by Proton for one Euro making a loss of €75.99 million (RM348 million) Same as No.18.
29. Wang Ehsan from oil royalty on Terengganu RM7.4 billion from 2004 – 2007
30. For the past 10 years since Petronas Philharmonic Orchestra was established, this orchestra has swallowed a total of RM500 million. Hiring a Kwai-Lo CEO with a salary of more than RM1 million per annum!
32. The government has spent a total of RM3.2 billion in teaching Maths and Science in English over the past five years. (Wow ??)
Of the amount, the government paid a whopping RM2.21 billion for the purchase of information and computer technology (ICT) equipment which it is unable to give a breakdown.
Government paid more than RM6,000 per notebook vs per market price of less than RM3,000 through some new consortiums that was setup just to transact the notebook deal. There was no Maths and Science Content for the teachers and the notebooks are all with the teachers' children now.
33. The commission paid for purchase of jets and submarines to two private companies - Perimeker Sdn Bhd and I_T Defence Sdn Bhd amounted to RM910 million. Expanding on No. 2.
37. RM300 million to compensate Gerbang Perdana for the RM1.1 billion "Crooked Scenic Half-Bridge"
38. RM1.3 billion has been wasted building the white elephant Customs, Immigration and Quarantine (CIQ) facilities on cancellation of the Malaysia-Singapore Scenic Bridge
39. RM100 million on renovation of Parliament building which leaks
40. National Astronaut (actually tourist) Programme – RM70 million
41. National Service Training Programme – yearly an estimate of RM 500 million
42. Eye of Malaysia - RM30 million and another RM5.7 million of free tickets
43. RM2.4 million on indelible ink
44. Samy Vellu announced in September 2006 that the government paid compensation amounting to RM38.5 billion to 20 highway companies. RM380 million windfalls for 9 toll concessionaires earned solely from the toll hike in 2008 alone
45. RM32 million timber export kickbacks involving companies connected to Sarawak Chief M___ster and his family.
46. Two bailouts of Malaysia Airline System RM7.9 billion. At a time when MAS is incurring losses every year, RM1.55 million used to buy three paintings to decorate its Chairman’s office. Expanding on No.11
47. Putra transport system bailout which cost RM4.486 billion.
48. STAR-LRT bailout costing RM3.256 billion.
49. National Sewerage System bailout costing RM192.54 million.
50. Seremban-Port Dickson Highway bailout costing RM142 million
51. Kuching Prison bailout costing RM135 million
52. Kajian Makanan dan Gunaan Orang Islam bailout costing RM8.3 million
53. Le Tour de Langkawi bailout costing RM3.5 Million
54. Wholesale distribution of tens of millions of shares in Bursa Malaysia under the guise of NEP to cronies, children and relatives of BN leaders and ministers worth billions of ringgit.
55. Alienation of tens of thousands of hectares of commercial lands and forestry concessions to children and relatives of BN leaders and Ministers worth tens of billions of ringgits.
56. Since 1997, Petronas has handed out a staggering RM30 billion in natural gas subsidies to IPPs who were reaping huge profits. In addition, there were much wastages and forward trading of Petronas oil in the 1990s based on the low price of oil then. Since the accounts of Petronas are for the eyes of the Prime Minister only, we have absolutely no idea of the amount.
57. RM5,700 for a car jack worth only RM50
58. Government-owned vehicle consumed a tank of petrol worth RM113 within a few minutes
59 A pole platform that cost RM990 was bought for RM30,000
60. A thumb drive that cost RM90 was bought for RM480
61. A cabinet that cost RM1,500 was bought for RM13,500
62. A flashlight that cost RM35 was bought for RM143
63. Expenses for 1Malaysia campaign paid to APCO?
64. RM17 billion subsidy to IPP
65. US$24 million Diamond Ring for Ro$_ah - Cancellation of Order - how much compensation ?
66. CowGate . . . RM250 Million
67. Monsoon Cup . . . RM800 million per year
68. Illicit Fund Transfers out of Malaysia ( 2000 - 2009) : RM 1,077,000,000,000!
69. Taj__in-Danaharta settlement
70. Billions of ringgit toll concessions that disadvantage the government and taxpayers”
71. With 1MDB RM42 billion missing.
72. MAIKA 120,000,000 SHARES IN TELEKOM
73. ABU SAYYAP TERRORIST 12 MILLION DOLLARS.
38. RM1.3 billion has been wasted building the white elephant Customs, Immigration and Quarantine (CIQ) facilities on cancellation of the Malaysia-Singapore Scenic Bridge
39. RM100 million on renovation of Parliament building which leaks
40. National Astronaut (actually tourist) Programme – RM70 million
41. National Service Training Programme – yearly an estimate of RM 500 million
42. Eye of Malaysia - RM30 million and another RM5.7 million of free tickets
43. RM2.4 million on indelible ink
44. Samy Vellu announced in September 2006 that the government paid compensation amounting to RM38.5 billion to 20 highway companies. RM380 million windfalls for 9 toll concessionaires earned solely from the toll hike in 2008 alone
45. RM32 million timber export kickbacks involving companies connected to Sarawak Chief M___ster and his family.
46. Two bailouts of Malaysia Airline System RM7.9 billion. At a time when MAS is incurring losses every year, RM1.55 million used to buy three paintings to decorate its Chairman’s office. Expanding on No.11
47. Putra transport system bailout which cost RM4.486 billion.
48. STAR-LRT bailout costing RM3.256 billion.
49. National Sewerage System bailout costing RM192.54 million.
50. Seremban-Port Dickson Highway bailout costing RM142 million
51. Kuching Prison bailout costing RM135 million
52. Kajian Makanan dan Gunaan Orang Islam bailout costing RM8.3 million
53. Le Tour de Langkawi bailout costing RM3.5 Million
54. Wholesale distribution of tens of millions of shares in Bursa Malaysia under the guise of NEP to cronies, children and relatives of BN leaders and ministers worth billions of ringgit.
55. Alienation of tens of thousands of hectares of commercial lands and forestry concessions to children and relatives of BN leaders and Ministers worth tens of billions of ringgits.
56. Since 1997, Petronas has handed out a staggering RM30 billion in natural gas subsidies to IPPs who were reaping huge profits. In addition, there were much wastages and forward trading of Petronas oil in the 1990s based on the low price of oil then. Since the accounts of Petronas are for the eyes of the Prime Minister only, we have absolutely no idea of the amount.
57. RM5,700 for a car jack worth only RM50
58. Government-owned vehicle consumed a tank of petrol worth RM113 within a few minutes
59 A pole platform that cost RM990 was bought for RM30,000
60. A thumb drive that cost RM90 was bought for RM480
61. A cabinet that cost RM1,500 was bought for RM13,500
62. A flashlight that cost RM35 was bought for RM143
63. Expenses for 1Malaysia campaign paid to APCO?
64. RM17 billion subsidy to IPP
65. US$24 million Diamond Ring for Ro$_ah - Cancellation of Order - how much compensation ?
66. CowGate . . . RM250 Million
67. Monsoon Cup . . . RM800 million per year
68. Illicit Fund Transfers out of Malaysia ( 2000 - 2009) : RM 1,077,000,000,000!
69. Taj__in-Danaharta settlement
70. Billions of ringgit toll concessions that disadvantage the government and taxpayers”
71. With 1MDB RM42 billion missing.
72. MAIKA 120,000,000 SHARES IN TELEKOM
73. ABU SAYYAP TERRORIST 12 MILLION DOLLARS.
After so many decades, many have also acquired false hopes. Many of them (who became rich) were actually duped into believing that they could now succeed in business on their own. This is very far from the truth.
I am 60 years old.
NEP supposed to end in 1999.
Now NEP being used as an excuse to implement Islamic values in all schools, Universities, Police Departments, Government Departments.
WHY ARE INDIANS TREATED LIKE GANGSTERS BY PM AND DEPUTY PM?
WHY ALWAYS NON MUSLIMS ARE BRANDED KAIFR (JAHIL - LOW CLASS HUMANS)
Malaysia is possibly the most racist country in the world with the following segregation. Have a look and judge for yourself.
"List of racial discrimination" in Malaysia:
(1) Of the five major banks, only one is multi-racial, the rest are controlled by Malays.
(My comments : The ketuanan felt that a banking system based on race could best serve the consumer and the Malaysian economy, even without having any prior experience in banking or in business. This policy was and still is bereft of any good book learning (education) or simple common sense. Needless to say, it has failed miserably. And now the Islamic banks are stealing (yes stealing) the Malay peoples' money and making them poor. Melayu miskin dulu. The shares of Public Bank Bhd (Chinese owned) are selling at over RM22 per share. Maybanks shares are forever below RM10 per share. The way to create a great banking sector is to have intense competition among banks, this can be achieved by having as many banks as the economy can sustain by itself, strict banking rules and regulation and close monitoring. There is no other way. We will need hundreds and thousands of bank CEOs, finance company CEOs populating our economy to create a successful financial ecosystem. Right now there are only six anchor banks with six CEOs to serve a nation of 32 million people. This is as stupid as stupid can be.)
(2) 99% of Petronas directors are Malays.
(3) 3% of Petronas employees are Chinese.
(4) 99% of 2000 Petronas gasoline stations are owned by Malays.
(5) 100% all contractors working under Petronas projects must be of Bumis status.
(6) 0% of non-Malay staff are legally required in Malay companies. But there must be
30% Malay staffs in Chinese companies.
(7) 5% of all new intake for government police, nurses, army, are non-Malays.
(8) 2% is the present Chinese staff in Royal Malaysian Air Force (RMAF), a drop from 40% in 1960.
(9) 2% is the percentage of non-Malay government servants in Putrajaya, but Malays make up 98%.
(10) 7% is the percentage of Chinese government servants in the entire government (in 2004); a drop from 30% in 1960.
(11) 95% of government contracts are given to Malays.
(12) 100% of all business licensees are controlled by Malay government, e.g. Taxi permits, Approved Permits, etc.
(13) 80% of the Chinese rice millers in Kedah had to be sold to Malay controlled Bernas in 1980s. Otherwise, life is made difficult for Chinese rice millers.
(14) 100 big companies set up, owned and managed by Chinese Malaysians were taken over by government, and later managed by Malays since 1970s, e.g. UTC, UMBC, MISC, etc.
(15) At least 10 Chinese owned bus companies (throughout Malaysia in the past 40 years) had to be sold to MARA or other Malay transport companies due to rejection by Malay authorities to Chinese applications for bus routes and rejection for their applications for new buses.
(16) Two Chinese taxi drivers were barred from driving in Johor Larkin bus station. There are about 30 taxi drivers and three were Chinese in Oct. 2004. Spoiling taxi club properties was the reason given.
(17) 0 non-Malays allowed to get shop lots in the new Muar bus station (Nov. 2004).
(18) 8000 (???) billion ringgit is the total amount the government channeled to Malay pockets through ASB, ASN, MARA, privatization of government agencies, Tabung Haji etc, through NEP over a 34 years period.
(19) 48 Chinese primary schools closed down from 1968 - 2000.
(20) 144 Tamil primary schools closed down from 1968 - 2000.
(21) 2637 Malay primary schools built from 1968 - 2000.
(22) 2.5% government budget for Chinese primary schools. Indian schools got only 1%, Malay schools got 96.5%.
(23) While a Chinese parent with RM1000 salary (monthly) cannot get school textbook loan, a Malay parent with RM2000 salary is eligible.
(24) All 10 public university vice chancellors are Malays. (And they are now manufacturing unemployable graduates and potential ISIS recruits.)
(25) 5% of the government universities' lecturers are of non-Malay origins. This percentage has been reduced from about 70% in 1965 to only 5% in 2004.
(26) Only 5% has been given to non-Malays for government scholarships in over 40 years.
(27) 0 Chinese or Indians were sent to Japan and Korea under the "Look East Policy."
(28) 128 STPM Chinese top students could not get into the course to which they aspired, i.e. Medicine (in 2004).
(29) 10% quotas are in place for non-Bumi students for MARA science schools beginning in 2003, but only 7% are filled. Before that it was 100% Malays.
(30) 50 cases in which Chinese and Indian Malaysians are beaten up in the National Service program in 2003.
(Err...sour grapes. This simply means you folks may need Viagra. The Malay people dont need Viagra. They marry two, three and four wives !! )
(32) 7% of the Malaysian population is Indian (2004), a drop from 12% in 1957. (Ditto as Chinese above)
(33) 2 million Chinese Malaysians have emigrated in the past 40 years.
(34) 0.5 million Indian Malaysians have emigrated overseas.
(35) 3 millions Indonesians have migrated to Malaysia and become Malaysian citizens with Bumi status. (One of them is that Javanese Monkey.)
(36) 600,000 Chinese and Indian Malaysians with red IC were rejected repeatedly when applying for citizenship in the past 40 years. Perhaps 60% of them had already passed away due to old age. This shows racism, based on how easily Indonesians got their citizenships compared with the Chinese and Indians.
(My comments : Now Nur Jazlan says he wants to keep maybe another 50,000 Rohingyas in his house. They will all be given PR. The Javanese Monkey says the spare room in his house is already taken by Zakir Naik.)
(37) 5% - 15% discount for a Malay to buy a house. I AM 60 YEARS OLD, I LOST MY TRUST IN ALL MUSLIM LEADERS
Arianto Husani
My comments : Ok thank you Arianto Husani.
Here is another news article about Dr Lin See Yan's recent comments about the Malaysian economy. The economy is in deep shit.
(My comments : Now Nur Jazlan says he wants to keep maybe another 50,000 Rohingyas in his house. They will all be given PR. The Javanese Monkey says the spare room in his house is already taken by Zakir Naik.)
(37) 5% - 15% discount for a Malay to buy a house. I AM 60 YEARS OLD, I LOST MY TRUST IN ALL MUSLIM LEADERS
Arianto Husani
Here is another news article about Dr Lin See Yan's recent comments about the Malaysian economy. The economy is in deep shit.
country facing high debts, weak currency, dependency on cheap foreign labour.
former deputy (BNM) governor concern over economy
high national debt
weak currency
dependancy on cheap foreign labour
signs of economic fatigue.
Lin See-Yan worried about medium and long term.
All indicators showing signs of fatigue
Growth slowing down
fundamentally economy needs restructuring.
cannot depend on consumption to drive economy
more consumption will raise debts said Lin
If income growth is below consumption (growth) then debt will overwhelm you
It will also slow down consumption.
(My comments : the same Khazanah moron dungu who was behind the Competition Act was also behind the 'growth by domestic consumption' policy - plus many other failed policies. Both are now killing the economy.
The double whammy in Malaysia is that the Malays and bumiputras ie the people who are largely dependent on government handouts for survival (free text books, free university education, so many subsidies, so much molly coddling, easy gomen jobs, easy GLC jobs that pay as much as Wall Street, easy gomen projek dan kontrak) were all encouraged to go out and spend borrowed money ("growth by domestic consumption").
Lagi tak boleh bayar. Now when the oil revenues have almost disappeared, all these people are left high and dry with little capacity to repay their debts. And the "growth by domestic consumption" super moron is now keeping quiet.)
we need domestic investments
Raising productivity of labour
According to Lin, Malaysia needs economic reform to push growth.
manufacturing of high value products as one such reform.
(My comments : But according to the GLC dunggus :
If I can do it, I wont approve your license to do it.
If I cannot do it, I wont approve your license to do it.
If I dont want to do it, I wont approve your license to do it.
If I dont need it, I wont approve your license to do it.
That is why their economy is now in such deep shit. Their "economic policies" cannot be found inside any economics textbooks. Its their own imaginary economic policies, devoid of any scientific economic principles.
The ketunanan economists who have earned their PhDs are sometimes confused about ceteris paribus. Ceteris paribus is a term used in economics which means "with other conditions remaining the same." By saying this it is meant that if you change some economic factors (like providing cheap capital or buta money) it will create a desired outcome (of producing fantastic entrepreneurs) but subject to ceteris paribus or all other conditions remaining the same.
But what if the guy who receives the buta money has not been trained to wake up early in the morning? Or learn to deliver on time and as promised? Or how to speak properly to all his customers? Or not to conduct business by race and religion? Or not to use his business loan to marry a second wife (before paying off his loans)?
So there is no ceteris paribus. All other things are not equal.
The text book explanation of ceteris paribus (from Wikipedia) says "shorter hours of labor will, ceteris paribus, reduce the volume of output".
This is a perfectly logical and true statement. So what happens if the workers stop five times a day to pray (or smoke a cigarette - for those who still cannot understand?) Surely their volume of output will be reduced by the amount of time spent praying (or smoking cigarettes). End of my comment.
Lin said govt should encourage jobs that would grow the value chain.
"Instead of stitching shoes, we should design shoes, use better materials, use more value-added products. Not just import Bangladeshis to help us pack gloves. That is crazy,” he said.
stop hiring cheap labour and focus on education to produce quality products
we depend on Indonesians for construction
teach our people to lay bricks, paint
In developed countries, those in trade earn more than professionals
Lin added no point increasing wages
lack of productivity in creating value-added products
would lead to inflation.
(My comments : Which is what the Minimum Wages have done. I have been saying this for over 10 years now. Minimum Wages have caused prices to go up. When you force employers to pay RM1000 minimum wage to an employee (who is really only worth about RM700) with no immediate increase in output and productivity, then the businessman must increase his selling price to recoup that extra 30% wage cost. Prices will go up. As simple as that. When prices go up, that is inflation.)
govt debt RM655.7b at end-June 2016, 53.2% of (GDP).
weak ringgit does not reflect good economy
Lin concerned about inflation due to weakening ringgit.
weak ringgit does not reflect stronger economy
more minuses than pluses
Everything we buy, we pay more
Manufacturers pay more for imported stuff
currency’s depreciation contribute to weak economy.
Closing remarks: Ok folks, especially Malay and bumiputra readers, listen closely.
All the above was possible because the gomen had excess oil money to burn. Now the oil money is drying up. The gomen has no more money.
Chief Thief has confirmed (more than once) that if not for the GST, the gomen will not even be able to pay the salaries of 1.6 million Civil Servants.
Everything is being cut - PTPTN loans, hospital services, no more patrols by forest rangers, no more subsidies, GST taxes are eating more into our purchasing power.
The Chief Thief has said that out of a 14 million workforce, only 2.1 million actually pay taxes. It will be interesting to see the racial mix up of those 2.1 million people and what portion each race contributes to the gomen's income tax revenues.
But we can rest assured that a large portion of those 2.1 million who pay taxes are the non Malays / non bumiputras. I really dont think that the 7.0 million mostly Malays and bumiputras who are on the list of BR1M recipients actually pay taxes.
And if you are talking corporate taxes, again it is largely a non Malay / non bumiputra contribution. A very large number of public listed companies are owned by non bumis. Non bumis also dominate the SMEs. I assume all listed companies and also a large number of SMEs do pay all sorts of taxes - corporate taxes, sales taxes, import duties, foreign worker levies, advertising permits, business licenses, manufacturing licenses etc etc etc. These are all revenues for the gomen.
So with a shrinking oil revenue the gomen has to depend more on the tax payments by those 2.1 million hardworking people to pay for all our bills. This is the goose that lays the golden egg. Whether you like it or not, do remember this fact.
These 2.1 million taxpayers pay taxes that contribute to support the entire 30 million people who live in Malaysia. It is called "1 carry 15". Each of those 2.1 million taxpayers pays taxes to support the standard of living of 15 others.
Imagine if these 2.1 million hardworking taxpayers were to disappear, or all those public listed companies and all the SMEs that pay taxes were to disappear, then where is the gomen going to raise tax revenue to pay for all the "dishing out the free money" programs? Tak boleh. Faham tak? There is no more oil money.
Even if Petronas discovers newer deposits of all and gas, it is only going to make things worse. The more oil and gas are discovered, the lower will be the prices of oil and gas.
So like all developed countries or advanced countries (negara maju) the gomen must depend more and more on taxpayers and corporations who pay taxes to collect enough tax revenues to pay for all our public services (schools, scholarships, roads, hospitals, etc.)
The more taxpayers we have, then the more taxes the gomen can collect and the more money the gomen will have to spend on our schools, scholarsips, hospitals, free medical care etc.
So kawan-kawan, we need more taxpayers.
If we allow 50,000 more Rohingyas there will be almost zero tax collection from them. The gomen must spend our limited taxpayers money to feed, clothe and house those 50,000 Rohingyas. Where is that money going to come from if not from the same 2.1 million taxpayers?
The Rohingyas almost monopolise the fish market at the Pasar Borong in Sri Kembangan. But absolutely none of them will pay any income taxes.
If each of the 2 million Bangladeshis in the country earns RM1000 per month, that adds up to RM24 billion every year. Absolutely NO TAXES are paid by the Bangladeshis on those RM24 Billions each year.
My Bangla grass cutter earns more than RM1000 per month. He is a mini conglomerate. Grass cutting, landscaping, house painting, supplies cooking gas, minor house renovations etc. He has rented TWO apartments, one for himself and one for his workers. He easily earns about RM5000 per month. He does not pay any income taxes.
Yet they also consume our public roads, TNB electricity, water supplies, get treatment at government hospitals etc. Their children here go to our gomen schools. They do not pay any taxes.
The 2 million Indons here also do not pay any taxes. An Indon I know runs a supermarket (occupying three shop lots). He is also a cooking gas wholesaler. I doubt he pays any income taxes at all.
My construction supervisor is an Indon. He drives an MPV and recently went for the pilgrimage. I doubt he even knows where the LHDN is located.
So the 2 million Banglas, the 2 million Indons, the hundred thousand Rohingyas etc DO NOT PAY income taxes. Yet they also benefit from all our public services.
Last time we had Petronas oil money to burn. Now we dont have oil money. So now the income tax from those same 2.1 million taxpayers is also used up to sustain the millions of Banglas, Indons and now the Rohingyas.
There is going to be less and less left over for the remaining 30 million Malaysians, especially the Malays and bumiputras.
We need more Malaysian citizens, people who live here and will die here, to be able to pay more taxes.
This means we must help our Malaysians (all Malaysians) to become more educated, more skilled, more competitive, more productive, be able to create more wealth.
Only then will they generate more revenue and from that revenue they can pay more taxesto the gomen.
Then the gomen can use the extra tax revenues to spend on us the Malaysian citizens to have a higher quality of life.
Now the 7.0 million people on the list of BR1M recipients are not likely to be paying much income taxes.
People who cannot survive without free gomen money or gomen assistance also cannot pay much income taxes. (If your survival depends on receiving taxpayers money dished out by the gomen, how are you going to pay taxes?)
So folks, firstly lets find out who are these 2.1 million taxpayers and give them a big hug. Just say 'Thank you' to them. This is the goose that lays the golden eggs.
Secondly, pleeeease do not do anything stupid that will prevent these 2.1 million people from earning more revenues, more sales, profits etc from which they pay their income and other taxes.
The gomen should instead help these people more and more.
Please remove all the obstacles and useless regulations that prevents them from earning more money.
These people are taxpayers remember.
The more money they make, the more taxes they will pay.
The richer the gomen will become.
The better for all of us 30 million Malaysians.
Taxpayers are going to be the largest source of revenue for the gomen.
The age of buta oil money is over.
So make life easy for the people - all Malaysians - so that they can exploit all economic opportunities to the maximum of their abilities.
Remove obstacles, remove impediments, remove useless and stupid regulations like quotas and permits.
Hardworking people will know what to do with their lives. They will know how to generate business and wealth. Leave them alone. Do not 'kacau' them.
And you better do this in a hurry.
The GST is killing the economy. The economy is surely grinding to a halt. The GST taxes everyone - including 12 year old school kids and their parents who are BR1M recipients. Soon people have no more money to spend. Soon GST collections will start dropping.
The oil money is drying up.
The only sources of revenue that is left for the gomen is tax revenue, especially income tax revenue. This is the goose with the golden egg. Do not kill this goose.
former deputy (BNM) governor concern over economy
high national debt
weak currency
dependancy on cheap foreign labour
signs of economic fatigue.
Lin See-Yan worried about medium and long term.
All indicators showing signs of fatigue
Growth slowing down
fundamentally economy needs restructuring.
cannot depend on consumption to drive economy
more consumption will raise debts said Lin
If income growth is below consumption (growth) then debt will overwhelm you
It will also slow down consumption.
(My comments : the same Khazanah moron dungu who was behind the Competition Act was also behind the 'growth by domestic consumption' policy - plus many other failed policies. Both are now killing the economy.
we need domestic investments
Raising productivity of labour
According to Lin, Malaysia needs economic reform to push growth.
manufacturing of high value products as one such reform.
(My comments : But according to the GLC dunggus :
If I can do it, I wont approve your license to do it.
If I cannot do it, I wont approve your license to do it.
If I dont want to do it, I wont approve your license to do it.
If I dont need it, I wont approve your license to do it.
The text book explanation of ceteris paribus (from Wikipedia) says "shorter hours of labor will, ceteris paribus, reduce the volume of output".
Lin said govt should encourage jobs that would grow the value chain.
"Instead of stitching shoes, we should design shoes, use better materials, use more value-added products. Not just import Bangladeshis to help us pack gloves. That is crazy,” he said.
stop hiring cheap labour and focus on education to produce quality products
we depend on Indonesians for construction
teach our people to lay bricks, paint
In developed countries, those in trade earn more than professionals
Lin added no point increasing wages
lack of productivity in creating value-added products
would lead to inflation.
(My comments : Which is what the Minimum Wages have done. I have been saying this for over 10 years now. Minimum Wages have caused prices to go up. When you force employers to pay RM1000 minimum wage to an employee (who is really only worth about RM700) with no immediate increase in output and productivity, then the businessman must increase his selling price to recoup that extra 30% wage cost. Prices will go up. As simple as that. When prices go up, that is inflation.)
govt debt RM655.7b at end-June 2016, 53.2% of (GDP).
weak ringgit does not reflect good economy
Lin concerned about inflation due to weakening ringgit.
weak ringgit does not reflect stronger economy
more minuses than pluses
Everything we buy, we pay more
Manufacturers pay more for imported stuff
currency’s depreciation contribute to weak economy.
Closing remarks: Ok folks, especially Malay and bumiputra readers, listen closely.
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