by outsyedthebox
Finally, I want to share my Teh Tarik Economic Theory with the DG of the JPA and all other Malay Civil Servants. Read this carefully.
This is Malaysia's GDP - plus minus lah. It is between RM1,400 Billion - RM1,500 Billion.
A very large part of this GDP is generated by the non-Malays. If you ignore the oil and gas sector maybe close to 100% of the GDP is generated by the non-Malays.
The Prime Minister said Malay corporate wealth is less than 17%. (This includes the GLCs, amanah saham etc). One Minister said Malay share of the economic growth is less than 10%. Someone else said the Malay share of the economy is less than 7%.
Tak kisahlah whether 17% ke, 10% ke, 7% ke just understand this - the Malay contribution to the GDP is very, very little.
Here is a soalan cepu mas - is this very low level of contribution to the GDP because the Malays work very, very hard or because the Malays do not work very hard? Please answer honestly.
Now please look at that teh tarik GDP example again. The Governments tax collection is about RM160 Billion. That is all the tax the government collects. The rest of the governments revenue comes from oil earnings, dividends etc. The annual Budget was RM332 Billion for 2022 - a big portion of that comes from borrowing money.
But the tax collection remains around RM160 Billion.
Now this is also the source of money to sustain the Malay economy. The Government spending for projects, paying the 1.7 million mostly Malay Civil Servants, paying the 1.3 million mostly Malay GLC workers, bailing out the failing bumiputra run GLCs, bailing out large bumiputera oil and gas companies, bailing out the pilgrims fund, bailing out the peneroka F_lda etc etc, paying for scholarships etc.
Now the people who generate that RM1,400 GDP are mostly the private sector people. Mostly non-Malays. They work very hard and plenty of the SMEs work SIX DAYS a week.
In my first job in Penang I worked for a company where we worked SIX days a week, until 6PM every day.
These are the people (mostly non Malays) who contribute that RM160 Billion tax collection every year.
Now the Malay-run Civil Service wants to use this RM160 Billion tax money generated by hard working mostly non-Malay people so that you can enjoy a FOUR DAY work week?
Your days are certainly numbered.
By Syed Akbar Ali at July 01, 2022
Just get the blood sucking leeches out at the
top and trickle down economics has some badly needed oxygen to work. Political chiefs and their multiracial cronies
The average income of chinese per household is rgt 7000. The average malay household is rgt 2500.
Statistics shows the chinese are producers of wealth and the malays are consumers of wealth.
It appears that the cash flows from the 70% malay pocket to the 20% chinese pocket.
Hopefully the flow can be reversed soon via online commerce etc.
Theres other solution to this. Empowerment of SMEs can be helpful.
Need cultural change as well.
S Korea was poorer than Malaysia in 60s but now no 13 in the world GDP i think. They work bloody 60 hours pw. I got that from reading the book by S Korea academic at Cambridge a decade ago. The global media not interested to highlight above. Sadly those elderly today were ignored, typical third world politicians.
Reminds me of Lord Beveridge born in India in 1897 during the peasants day and returned to uk for schooling and saw WW1 and WW2 and conceived NHS and welfare system in 1948. Btw he's from liberal party but endorsed by the ruling government.
I'm a baby boomer, meaning, I was born just after we got our Independence. Well and truly retired.
Education is key. I was a Malay kampong boy thrust into an English medium school. No quarters were given due to my race. Work hard and compete. It's totally different now.
Recently, a graduate from a local University applied for a job at an international IT company with offices in Japan, Boston, Istanbul, Madrid. During the interview, he asked whether he could answer in Bahasa MaluSia. He couldn't put 2 English words together. Sad, but true. The Chinese are learning English, French, German and the English are learning Chinese. The Malays are learning to cook pisang goreng.
The politicians are terrified at…
I beg to differ.. on the publication… but everyone entitled to his or hers thoughts.