Posts tagged ‘salary’

February 15, 2009

More Disposable Income for Malaysians to Stimulate Our Economy – No Income Tax for 1 year

In the national effort to boost domestic demands, consumers must have the ability to spend.  The propensity to spend is derived from the income of individuals.  In layman’s terms, we need CASH, MONEY, RINGGIT MALAYSIA, in our own hands to spend.

In June 2008 when the Government raised prices at the pump, it immediately caused a spike in inflation and everything a consumer was buying, be it food or otherwise, started to rise.

Even now when the pump prices have been dramatically reduced below the June 2008 prices, the prices for food and other things have not returned back to their original at all.  In fact, they stayed firm.

In this shortsightedness and a blind stroke of a pen, all Malaysian consumers suddenly had less disposable income.  Mind you, the income tax remained the same, the amount of money left to spend can buy far less things because the prices have all gone up and stayed up.

Again, in layman’s terms, we now have the same money but buying far less things with it.  In short, we have less MONEY.

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October 15, 2008

Malaysia – A Failed Nation?

This article was written by an UNKNOWN writer and was posted at MalaysiaToday on 11 October 2008 here.  It is very insightful and an eye opener to us Malaysians looking towards 2020 to being a developed nation.  We can’t divorce the politics from the economics of the country as they are so intertwined.  Politics dictate economic policies in Malaysia and so far, we have not been duly impressed with them.  Malaysians anticipate much more from our elected leaders to do the right and best thing for the country.  We keep being hopeful!  But is that all we can do?

Here is the reproduction of that article with some reformatting.  We may not agree with everything written but we can’t ignore the facts either.   Enjoy!

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Malaysia 2020?

Those who started work around 1973, a 1.3 Litre Japanese car was RM7,000.

Today the equivalent, let’s say, is RM60,000 … 8.5 times or 850%

In 1973 a double storey house was about RM 45,000 … or less.

Today it is about RM300,000 … 6.6 times or 660%.

In 1973 an Engineer’s pay was RM1,000.

Today it is about RM2,000+/- … 2 times or 200%.

From 1973 to 2008 … 35 years … what is the Trend?

Bearish !!!!

In a stock market when the trend is bearish, what do we do? …

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