GST 0%. Sales Tax coming back. And oh, brother can you spare a dime... or RM1trillion?
Riding on the euphoria from the GE, the new govt is asking Malaysians to donate to the Hope Fund.
Things going through my head...
1 - So instead of "Hope and Change", their slogan would be "Hope (you can spare some) change"?
2 - Revoke 6% GST, reintroduce Sales and Service Tax. And ask for donation. Give with the right, take with the left. Or give one drumstick, want a whole chicken in return.
3 - "A fool and is money are soon parted" - after many Singaporeans started pledging (at least on FB) to donate to the Hope fund.
4 - We need something like this in SG...
Oh wait! SG already has a very efficient system. In this purely voluntary system (hence similar to MY donation), people freely offer to give money to the govt and they even tell the govt what is the maximum that they are willing to give.5 - The Hope Fund (Tabung Harapan) managed to raised RM7.8 MILLION within 24 hours! Wow! That's 7.8million down, only 999.992 Billion to go! They just need to keep this up for... 125,000 days! that's... less than 300 years right?
After calculating what they need, the govt then tells all the people how much donation the govt would be accepting (up to their pledge).
BUT not every would-be donor is successful. Those who pledge amounts lower than a cut-off (which varies at every bid) will not be asked to donate, and they leave sad that they were not able to contribute to the Singapore Govt.
To reward the generous donors who have pledged vast amounts of money (in the tens of thousands), the govt give them all a certificate entitling them to get a car for their troubles.
In the MY system, I don't think you get anything. (Except that warm feeling in your heart.)
(Update: The fund had collected RM180m by the end of August. Or about S$60m. Not nothing, but shy of the RM1trillion debt by RM999.820 billion.)
6 - Then it was announced that MY would be negotiating for broadcast of the World Cup. And that Malaysia just needed RM30m to RM40m for the whole package. Sponsors have been secured to cover 50% of the cost. The govt just needs to cover the other 50%. For RM30m, 50% would be RM15m. The Tabung Harapan has already raised RM7.8m. They are already halfway there!
7 - Should Malaysia offer FREE World Cup broadcasts of the games when they are in debt? Answer: Of course! When the median monthly wage in Malaysia is RM2200 (S$750 approx), when the minimum wage is RM1000 (S$340), and when Malaysians enthusiastically donate RM7.8m within 24 hours to "Help" the country, the least the govt can do is to give them free World Cup games to watch. It will take their minds off their low wages, the National debt (every Malaysian child is born with RM33,000 debt), and their unemployment (10% approx - U grads have to sell nasi lemak to survive.)
When you cannot pull your people out of poverty, you need to placate them. Soccer (World Cup) is the new opiate of the people.
Oi! You earn how much and they earn how much, ah? The median income for Singapore is $3500. The median income for Malaysia is RM2200. That's about S$740. Or about 1/5th of Singapore.
In one year (12 months) the average Singaporean earns $3500 X 12 = $42,000. The average Malaysian earns $740 X 12 = 8900 (rounded up). The World Cup is held every 4 years. The Singaporean would have earned $168,000. The Malaysian $35,600.
So... do you think the $132,400 difference earned by the Singaporean is sufficient to cover the $120 charge for the World Cup package?
And why just complain about FREE World Cup matches on TV? Singaporeans go JB for what? Cheap petrol. Why don't complain about that? Cheap food. Murtabak there costs what? RM5 (less than S$2)? SG costs S$6 at least. Cheap groceries. Infant formula - about half the price in SG depending on the brand.
No comments:
Post a Comment