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Thursday, June 12, 2008

Despite knowing, the BN did nothing except reduce oil subsidy


In 4 years, I am sure BN can accomplish these initiatives:

a. At least another 5-8 LRT station or tracks can be built.
b. The number of commuter trains could’ve been increased two-fold
c. More commuter stations can be built
d. Proper connection between the three LRT station can be made,
e. The prices of cars can e significantly reduced
f. Increased the number of cars running on NGV
g. 50% of petrol stations in Klang Valley providing NGV
h. Discount coupon system for poor and middle class families so that they can buy their gasoline at a very cheap rate.

But do we see any of the above being implemented?


The information about the hike in oil prices have been around for the last 6-8 years. In fact, as far as 6 years ago, Goldman Sach had predicted that oil will touch USD 100 per barrel. Of course, now Goldman Sach has changed their predictions to USD 200 per barrel by next year.

Now, UMNO and BN has started to reduce subsidies right after the 2004 landslide. And they did this by knowing that the oil prices will touch USD 100 or more. And right after 2004, they began cutting down on subsidy bit by bit. They also promised several initiatives in place of the reduction of subsidies.

To me, their initiative is next to nothing. In the last 4 years, how many new LRT stations have been built? How many new busses have been introduced into the system? Was there any system of subsidy distribution for the poor put in place by BN? I fail to see any significant steps taken by Barisan Nasional in the last 4 years despite knowing that the price of oil will hit Malaysia like a bus.

Instead, what we see is that Pak Lah had used the 4 years post 2004 to make Khairy and his people richer. At the same time, UMNO, being the backbone of BN, became more and more arrogant and corrupted. There was no sign of any of the reform promised by Pak Lah before 2004 being implemented.

All we saw was that a group of people close to Pak Lah consolidating their control over UMNO and the government. As far as the impending rise in oil prices, nothing was done.

In 4 years, I am sure BN can accomplish these initiatives:

a. At least another 5-8 LRT station or tracks can be built.
b. The number of commuter trains could’ve been increased two-fold
c. More commuter stations can be built
d. Proper connection between the three LRT station can be made,
e. The prices of cars can e significantly reduced
f. Increased the number of cars running on NGV
g. 50% of petrol stations in Klang Valley providing NGV
h. Discount coupon system for poor and middle class families so that they can buy their gasoline at a very cheap rate.

But do we see any of the above being implemented? No. Instead Pak Lah and his 4th Floor cabal went on a rampage and in the process made themselves filthy rich with various dubious deals.

UMNO, on the other hand, still maintained their hold on the country resources where Ketua Bahagian has the final say on who or where government contracts are awarded, for a fee of course. This is where the country’s wealth is actually drained, it goes into a bunch of Ketua Bahagian UMNO who’s job is only to ensure that UMNO’s hold on the Malays is never compromised.

Instead of developing a Malay entrepreneur generation, UMNO has created a group of leaches that sucks the country’s wealth into their individual pockets while serving scraps to the rest of the people.

AVERAGE PEOPLE SUPPORTING THE CORRUPTED FEW

As a result, the majority of the public, Malay or not, have to spend through their noses to maintain the elites way of life. In short, the UMNOPUTRA’s are feeding on the majority’s suffering.

Latest figure states that oil subsidy is at 7% GDP. Without the current raise in oil, our country’s budget deficit will be at 6%. What is never analyzed or declared is that if the country’s finances is handled properly, the deficit doesn’t have to be at 6% despite the subsidy being at 7% GDP or more.

The laws of supply and demands apply. Right now, demand in Malaysia is high because our public transport system is bad, and our dependent on gasoline and diesel too big. Any effort to reduce subsidy must be along the line of reducing demand as increasing supply is not an option. The initiatives I mentioned above is along the line of decreasing demands.

Another major step that the government can take is to impose windfall tax on petroleum companies Since our petroleum is regulated, these corporations don’t have the option to transfer losses due to the taxes to the consumers.

In fact, windfall tax can be applied to all commodities companies in Malaysia whom are enjoying a bumper crop due to the increasing international demands for commodoties.
This windfall taxes will reduce the deficit significantly and easily swallow the subsidy spent on oil,

But, Pak Lah and UMNO cannot make such move because these companies, Petronas, Guthrie etc are UMNO’s cash cow. They provide easy cash to UMNO leaders so that they can spent it as they will.

As a result of UMNO’s refusal to effectively taxed the “cash cows” the majority of the people are not enjoying the bumper crop of the country. Instead Petronas’es money goes to the pockets of a few and they these few are living life like heaven on earth.

The picture above is just tip of the iceberg as there are so many other sector of our economy that the government can extract significant amount of revenue to reduce the deficit. However, since UMNO wants to ensure that these cash cows are protected, they are therefore, not taxed properly.

Lastly, there is no other solution. UMNO is beyond help and must be replaced. They are no more serving the interest of Malays or Malaysians. UMNO is a mere instrument to serve a few individuals popularly known as UMNOPUTRA.

The rest of us Malaysians are expected to toil, suffer and strive to ensure that a few UMNOPUTRA can continue to live their lives like heaven on earth.

4 comments:

Letting the time pass me by said...

Hopefully people can still survive and have something to eat and to cherish in life...

I am wondering what happen to the government? Cutting subsidy, price increase? Are we run put of money? Is the country is desperate for money? Anymore money left in the Bank Negara?

Recession may be inevitable, but the government need to make sure that the impact can be soften for those with less money.... Not following the capitalism idea ... the poor is getting poorer and the rich is getting richer...

Anonymous said...

Yes All in the name of KETUANAN MELAYU (KT). Pardon me if my fellow malays feel hurt. But its the truth. By using KT other races cannot question them because its their right. They are not allowed to question their rights otherwise the kris will be drawn again. For the Malays they too cannot question their own rights. It would be silly to question your own rights. So you see how they win both ways. Its like Head you win, tail I lose kind of situation. Until the Malays themselves wakeup one day and found out that "pagar makan padi".
We must therefore remove the "pagar".

Bukit Chandan said...

To add to the incompetencies, the improvements should be done nationwide and not just the Klang valley.

Best Regards.........
bukit-chandan.blogspot.com

Anonymous said...

To improve the public transportation in Malaysia and especially in the Klang valley, it is important to extend the LRT system as well as to speed up the buses. The extension of the LRT is on the way if we can believe the news. The biggest problem that I see is the buses. Most of them are incredibly slow. They get stuck in jams and stop every few meters. To improve the system there's a need of so called bus lanes that are reserved for public transportation only, just like in Singapore, Jakarta or Bangkok. The priority for cars is too high in Malaysia. The system so far is heavily supporting egocentric travelling. Too many stops on the Komuter will also slow it down even more, more trains could work though.

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