tag:blogger.com,1999:blog-37045477.post5272811228432274107..comments2023-10-15T21:42:27.426+08:00Comments on Philosophy Politics Economics: On Real Property Gains Tax and GSTUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-37045477.post-77175358223030016442009-11-25T16:56:23.505+08:002009-11-25T16:56:23.505+08:00I share your frustration on the inconsistencies of...I share your frustration on the inconsistencies of the policies of the Malaysian government. However, I find your reasons in opposing the real property gains tax pretty weak. It seems like you’re opposing the tax just because it puts off foreign investors. You seem to view highly of foreign investors, perhaps you are of the opinion that the growth of our economy is beholdened to them. <br /><br />I think as a DAP MP, a party supposedly founded on socialist principles, your priority should be to the rakyat first before corporate interest. The only motive for foreign investors to come to our shores is profit, not social justice. Hot money in real estate encourages speculation, and this will in turn drive up prices of homes. In the end, the poor will not be able to afford a place to stay in their own land. A good example for this is Shanghai.<br /><br />The flip-flops suck, no doubt. But this tax is a move in the positive direction. Since everyone needs a roof over his/her head. How about amending the law so that the trade of the first house is not taxable, but the subsequent houses are? That would curb speculation while safeguarding the interest of the poor.<br /><br />I agree wholeheartedly with your opposition against the GST. <br /><br />Jin Hou – (Jin Hui’s brother)JinHounoreply@blogger.comtag:blogger.com,1999:blog-37045477.post-79046314058577053372009-11-25T08:24:14.766+08:002009-11-25T08:24:14.766+08:00The biggest hairbrain idea? That Najib thinks he i...The biggest hairbrain idea? That Najib thinks he is qualified for the job he got!!!Anonymousnoreply@blogger.com