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Tuesday, September 3, 2013

Fuel price hiked and the "Robin Hood economy".

I was stunned when the announcement was made but more amused at the reasoning given by the Prime minister, Najib Razak. First of all I just would like to know from your good-self, is there such thing as young consultants hired by the government similar to 4th floor boys during prime minister Abdullah Badawi's time. Some bloggers have pinpointed that such group exist. They are suppose to be the cream of Malaysia Brain. Najib Razak listen to the them such as Mustapa Ong of Petronas. 

Next is what happened to our Administration and Diplomatic Officers(PTD) in Economic Planning Unit(EPU), Socioeconomic Research Unit(SERU), Prime Minister's department, National Treasury and Implementation Coordinating Unit(ICU). Are they being marginalized due to their Mediocrity.Had the idea of raising the price of petroleum RON 95 being discussed in EPU, I am sure the officers will speak up their mind.

The idea of raising the price is to be compensated by the increase of BRIM payment.Is the BRIM is the ingrain part of our economic foundation. The money is supposed to be used in capacity building of the low income group but not to subsidize their life style. You take the money from the middle income family and give that to the low income people. This is Robin Hood economy!. The government should create wealth so that the people can increase their income without too much depending on government help.I was shocked to hear that so much money is spend on oversea trip that are not productive, no wonder.

To be fair, the government must focus on our economy especially with regard to our national debt, household debt, employment, high cost of living in the coming budget. Giving the BRIM is certainly not a wise way to raise the income or reduced cost of living. Surely PM who is economic graduate know this facts. People will be addicted to this hand out and the opposition will use the same the same tactic to get the support of the people.

Let us have a balance budget,not deficit budget.Cut expenditures that can balance the budget. Why the government have Hari raya open house non stop until today.Whose money are they spending, and I am sure the list can go much longer. I would like to urge the middle class society not to be slighted by the government move to raise petrol price but continue to be productive and efficient in our daily life.

Some time you just lose your motivation but let us pray that Allah will help Malaysia through His special Way. Certainly Government is off tangent with regard to national financial management.

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