Midnight, that old clock keeps ticking,
The kids are all asleep and I'm walking the floor.
Darlin' I can see that you're dreaming,
And I don't wanna wake you up when I close the door.
This old house of ours is built on dreams
And a businessman don't know what that means.
There's a garden outside she works in every day
And tomorrow morning a man from the bank's
Gonna come and take it all away.
-Crosby, Stills, Nash (and Young), "This Old House"
There is no doubt whatsoever in my mind, that DSAI can reduce the price of petrol, should he attain PMship.
I seriously wouldn't mind the increase should I have alternatives, or earn enough to weather the storm.
Somehow, it appears that nobody seems to be able to assure the people that they would earn more to keep up with the increasing cost of living ........
Despite the argument about reducing the price of fuel, wouldn't it help more if they increased the purchasing power of the average Malaysian, with better salaries, lower income taxes for those whose incomes are below RM60k/annum.
Other things that could help are things like abolishment indirect taxes like tolls, road taxes for those with small/fuel efficient cars, efficient public transport, anti-monopoly laws, transparency in Petronas and govt projects/ loans.
Of course, in future all the curi duit schemes (aka wasteful projects) like Proton, Angkasawan, KLCC, Putrajaya, "crystal mosque" etc should be scrapped or abandoned to cut losses.
Not being an economist, I could be having it all wrong - however, I'm somehow skeptical as to how shielding the public from real costs through fuel subsidies, would help them realize the true state of the economy.
I for one would rather have more cash in hand to live reality, than be living in a fools paradise where I eat into the pockets of the future generation, thinking that all is fine. Having more money would make people weather the rise in costs, as in Singapore or any other robust economy.
The reality today is the fact that people have to work harder and longer to lead a life that did not require as much 25yrs ago. The cost of living has increased 5 fold, while the income has increased marginally. No prizes for guessing who's doing most of the work.
To cushion the effect, freebies/ loans are dished out to people to sustain the unsustainable.
The only reason we are dependent on cheap foreign labor is becos the employers cannot afford to pay adequate wages for the M'sians, and not becos M'sians cannot do the same work.
Moreover, having a "labor underclass" that is scorned, does to a certain extent make a certain category of M'sians feel like "tuans".
People everywhere are fuming with the rise in petrol/diesel prices - I wonder if they should be angry the price of fish has gone up, or that they have to work longer and harder to get the same or less of the fish ....
Are we barking up the wrong tree?
The following was a comment on MT (
If not for anything else, I thought the comment was good reading ......
written by ez24get, June 10, 2008 | 13:22:14