The Gomen Is Not Monitoring The Effects Of The GST
“I have settled the hutang for all three houses. Sekarang kita tak ada hutang bank lagi. Hooray. However I only have one house to give you. The other two houses have also been sold, also to bayar hutang”
OutSyed the Box
This is from The Malay Mail :
Malaysians struggling to cope with GST, Jobstreet survey finds
Monday June 29, 2015
Nine in 10 working Malaysians finding hard to deal with living costs after (GST)
according to a survey JobStreet.com.
90% of 1,454 employees surveyed said not able to cope with daily expenses
Nearly one in four said faced problems even before GST
56% said minimised having lunch with their colleagues
47% started packing food from home
resorted to other frugal activities
utilising pantries more frequently
carpooling to control expenses
40% said they would need 10 – 20% increments to salaries
36% claimed their salaries need to go up 20 – 50% to soften effect of the tax
63% voiced need for petrol allowance
35% considering job change
33% looking at part-time and freelance jobs.
employers, 41% faced increased pressure to raise wages
only 19% of 490 employers said they offered salary increments.
GST to offset billions of ringgit in losses incurred through leakages and corruption
new tax not necessary if government prudent with taxpayers’ monies.
My comments : What the gomen has done is to make the people poorer and make their lives more difficult. Thus the gomen has earned the curses of the people everyday.
The morons will say silly things like cook at home, fry fish without oil, Fitch has not downgraded our rating and other such foolish talk which they are famous for.
Allow me to give an example of just how foolish these people are.
Husni Hanadzlah has said that by early next year 1MDB would have settled all its debts and still have assets worth RM10 billion. He considers that a job well done.
Then what about those RM51 billion worth of assets? What happened to them?
Macam ini Dato. I dont know which bukit you come from or what type of school you attended but let me give you a simple example that even you should understand.
Lets say you pinjam RM450,000 housing loan (90% financing) from the bank and you bought a house. Your own money was RM50,000.
Every month you paid the bank the instalments. You must pay back the loan of RM450,00 plus interest.
After you paid back the loan to the bank, you must have the entire RM500,000 house as your asset. Plus whatever the appreciation of the value.
Katakanlah you are clever and you can buy three such houses (which many people do). Then after you have paid back all your monthly instalments, you should own three houses worth at least RM500,000 each.
Then you can tell your children, ‘Papa worked and saved and every month I paid the bank the monthly instalments. And now I have three houses to my name. I am giving them to you.’
That will make sense.
