today, malaysians are blessed by the govt generosity to subsidise many items such as petroleum, gas and even sugar! well in actual fact the source of subsidy comes from the govt revenue coming from various sources. Petronas, the Fortune 500 oil company is one of the most significant cash cow for the govt. about 1million out of 28 mil malaysians pay income tax to the govt.
can subsidy ensure sustainability of the country?
if impelemented at the right target group, there is a strong chance this mechanism will lead to them improving their well being.
today, the subsidy is very much a blanket approach to satisfy the majority. for example, from the under priviliged to the upper class society, all will pay the same cheap fuel price for their cars. the number of cars on the road increases leading to other problems especially daily traffic jams in cities like kuala lumpur. sdmalaysia would be interested to know the productivity loss and drivers stress level contributed from this problem.
sugar too is a subsidised item leading to many of us consuming this item without caring for our health. world health organisation also reported that we malaysians dont regularly exercise.
sdmalaysia thinks thAt it is important that we remind each other on the downside of subsidy.
we want to be a developed nAtion hence it is time that we move away from the subsidy mentality. special targeted group should be taken care of but not the majority of us. as it is, only some of us who pay tax to ensure other ppls comfort.
say no to fuel and sugar subsidy for a sustainable malaysia, otherwise say yes to living a shorter lifespan thanks to the two cheap commodities!
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