BUDGET: Malaysia To Drive Towards High-Income Economy
KUALA LUMPUR, Oct 23 (Bernama) -- Prime Minister Datuk Seri Najib Tun Razak has laid down a firm foundation to drive the nation towards embracing a high-income economy in the 2010 budget through bold proposals to raise private equity, invigorating the stock market, further developing Islamic finance while emphasising on micro-credit programmes...
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Come on lah, we DON'T WAN'T high-income economy..., read my lips, we DON'T WAN'T "high-income economy"! That's plain stupid or ignorant! Who ever came up with this idea is either a moron, has no economy sense or maybe just try to mislead the public.
We are OK with the same amount of money we are earning now. We are OK with middle-income economy. The key to survive with the current amount of money is to drive down inflation, strengthen the Ringgit against other major currencies and perhaps consider to re-value the Ringgit to spur exports and trade. More effort should also be put in to reduce national deficit instead of lavish/unnecessary spending in the name of stimulating the economy/business (but only to end up a fake feel-good economy).
What's the purpose of high-income when things are getting more and more expensive each day? We may have earn RM50,000 a month one day (under our PM's high-income initiative), but by then a piece of roti canai may costs us RM200, a glass of teh tarik RM250, a meal of mixed rice (chap fan) RM700, to watch a movie RM1,200, a Proton car RM2,000,000.....and the list goes on. If the current inflation trend were to continue, the so-called high-income economy WILL NOT HELP at all! Don't fool us ok, we are NOT stupid!!! Singapopre, New Zealand, Switzerland, Norway, etc. do not have to become high-income economy. Their purchasing power is so much stronger than ours because their currencies are stronger and the inflation are also lower. Dollar-to-dollar, they can buy more things with their money as compared to our useless Ringgit.
Perhaps the policy makers in this country are looking up to a screwed up country such as Indonesia as their role model. People there earn SO MUCH MORE (very "high income") than in Malaysia, but their money has virtually no value at all. Or even better, perhaps we look up to another great country such as Zimbabwee which is also considered "high-income economy". People there will go around carrying their money in bulk, in a big bag, just to buy some groceries or eat a simple meal outside (See pictures below). Their money is so useless and no value. What's the point of high-income then???
Oh yes, paramount to all the above, I think the main problem is CORRUPTION. It is the mother of all problem in this country. Please stop CORRUPTION and kill all those cronie and power abusers. We don't need high-income economy!! We are NOT stupid!! Or maybe, you're so STUPID afterall!!
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