tag:blogger.com,1999:blog-37045477.post2038197243270146351..comments2023-10-15T21:42:27.426+08:00Comments on Philosophy Politics Economics: Budget 2012: BN vs PRUnknownnoreply@blogger.comBlogger5125tag:blogger.com,1999:blog-37045477.post-20504448719474709392011-10-21T16:39:34.798+08:002011-10-21T16:39:34.798+08:00Tony, I think the main strategy in winning this po...Tony, I think the main strategy in winning this political field here is not to explain economic terms to average Malaysians as they won't really understand what you are talking about. It really takes a lot of advance courses to fully understand economics and finance. Once they understand it, no one will trust any form of government. Instead, PR should focus on the topic of basic needs. Example, food. <br /><br />Use inflation as one of the topics in winning the election. As you can tell, Malaysia is really horrible in managing its inflation rate. The reason I pick inflation is because it affects all walks of life be it the villagers to city dwellers, which I believe is the majority of the voters. Lets set an example here, what it cost to eat a bowl of noodle in Sabah and Penang? It costs the Sabahans Rm5-6 just to eat it while you can get it for less than Rm3 in Penang depending on the quality of the food. But on average, that's the price standard between these two places. As for KL, I believe the inflation rate will be higher than that of Sabah & Penang. It's not that Sabah is getting its raw materials or ingredients from West Malaysia but the poor management of commodity prices and mismanagement of inflation that causes this. Malaysia should let the price of commodities float so that there is really no reason for them to keep the price high when the price is falling. Although it will expose us to certain risks but in the long-run it will benefits Malaysians. <br /><br />Instead of making Malaysia into a high income country with a higher minimum wage, I think keeping the inflation rate low is more important as a higher minimum wage will only drive inflation higher. Adjusted to the new equilibrium price. It also puts Malaysia in an uncompetitive position to our neighbors due to higher wages especially during a world recession and it will also cause unemployment for workers who are not productive enough. Besides, a low inflation rate and a steady growth in income is more important as Malaysians have higher purchasing power with the same amount of money they have.<br /><br />So, I really hope the PR will focus on using inflation to win the heart of the voters. Increasing the competitive rate of companies will follow by when the market system or the business culture is being corrected in the process(it take years to adjust this culture thing).<br /><br />By the way, debts is really not an issue because government needs to finance the national projects to boost the GDP. It's only bad management of debts that is the scary part.Tze Hornghttps://www.blogger.com/profile/09346258208418956108noreply@blogger.comtag:blogger.com,1999:blog-37045477.post-89885700571563763152011-10-18T12:40:08.456+08:002011-10-18T12:40:08.456+08:00I wonder if they have worked out how much to finan...I wonder if they have worked out how much to finance such a big civil servant work force - their salary and pension. I wonder if an actuary can help here.<br />I just guess the country will go bankrupt with such a scheme without well thought financing plan. Remember those guys up there will siphon away so much if they are still in powerAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-37045477.post-76769506774605156842011-10-11T17:42:59.153+08:002011-10-11T17:42:59.153+08:00The no. 1 difference between BN and PR budget is t...The no. 1 difference between BN and PR budget is that BN will ultimately take back what they give. I don't see how they can avoid GST much longer with such budgeting. Other subsidies will also have to go like gas and hence electricity prices. Its completely meaningless.<br /><br />The other glaring difference is that its obvious Najib is trading in the political usefulness of Felda to win this election. (How can anyone think the election will be postphone?). Those simplistic Felda settlers don't get it their 'durian runtuh' will be short lived as Felda come under shareholder scrutiny and will have to give up giving 'freebies' to the settlers or the their stock, the 'durian runtuh' will be very cheap.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-37045477.post-5903235433888305372011-10-11T16:22:46.966+08:002011-10-11T16:22:46.966+08:00All those who support PPSMI option in sekolah keba...All those who support PPSMI option in sekolah kebangsaan, please join this group.http://www.facebook.com/groups/201659423239872/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-37045477.post-14740463440345583582011-10-11T12:13:26.118+08:002011-10-11T12:13:26.118+08:00PR is doing the right thing but the more important...PR is doing the right thing but the more important is to get enough voters to understand. Most rural people, even some urban, still don't understand the basic economy question, who pay for the sweets?AskChonghttp://www.askchong.comnoreply@blogger.com