Archive for June 11th, 2008

Regarding The RM625 Rebate

More food for thought:

An average office clerk may own a second hand 1300cc proton Iswara costing $7,000 (rebate = $625) while the Datuk’s children can own a fleet of 10 new cars of BMW, Audi and Volvo all less than 2000cc costing $2 millions and get a total rebate of $625 x 10 = $6,250!

And what of those that are too poor to own a car? These group of unfortunate people also feels the pinch because of the increased inflation because of the petrol price. Dare I say that it is actually these folks that is burdened the most, yet get the least?

Prime example of fool-hardy decision making if you ask me.

Subsidies

Here’s food for thought (gracias to Jamie for forwarding the email from which this came from):

Ahmad is a fisherman. He sells a fish to you at $10 which is below the market value of $15. Let’s assume that he caught the fish from the abundance of the sea at little or no cost. Ahmad claims that since the market value of the fish is $15 and he sold you the fish for $10, he had subsidised you $5 and therefore made a loss of $5.

Question : Did Ahmad actually make a profit of $10 or loss of $5 which he claimed is the subsidy?

Answer:Ahmad makes a profit of $10 which is the difference of the selling price ($10) minus the cost price ($0 since the fish was caught from the abundance of the sea). There is no subsidy as claimed by Ahmad.

Government To ‘Ease’ Spending

Measures include ‘cutting down on paid holidays’ and also a 10% cut in allowance. WHAT A JOKE! They get PAID holidays?! It gets even better, that includes their families too! No wonder every damn person wants to be a politician in Malaysia! It’s a freaking nice job! On top of that they get monthly allowances of up to tens of thousands of ringgit. 10% my *ss la. Heck even a couple of ministers also exclaimed that the 10% is merely eyewash. Well put.

Anothing thing - NOW they decide to stop spending? From the way I see it, this is also a blatant admission by the Government that they spend tax payer’s money rather foolishly and without care. If they were thrifty in the first place, these measures would not be needed, nay, they would not even be possible. It’s common sense, you cut only what is unnecessary expenditure when budgeting. This is exactly what has happened here - too much wastage of public funds.

Truth to be told I was rather taken aback when I heard that a rombongan of ministers just came back from a study trip. What the hell is that anyway? Rombongan sambil belajar ke? In the corporate world, it’s good practice that when you send people away on trips, it results in the benefit of the company. I doubt these ministers will be able to bring anything back from the trip for the betterment of the people.