Read today's Star Metro where Universiti Sains Malaysia associate professor Dr Chan Huan Chiang supported the Government’s recent move to cut petrol subsidies.
According to him, petrol subsidies benefit the rich more than the poor.
He gave some lame examples:
>>>"If someone driving a luxury car pumped RM10,000 worth of petrol yearly, he would receive a few thousands in subsidies from the Government."
“However, a motorcyclist pumped only a few hundred ringgit worth of petrol yearly, and as such, the subsidies he received were only a few hundred ringgit.
“The money was going to people who didn’t really need it, when it should have gone to those in need,” he said.
“Subsidies encourage people to be wasteful,” he said.<<<
How I wish I could ask him to clarify questions, like:
1. In what way can saving be channeled to other areas (and what areas?) by cutting down the use of petrol?
2. In what way subsidies encourage people to be wasteful?
With RM 625 for car owners and RM150 for motorcycle owners?
Well, the effects:
1. Hawkers: Economy rice, Wan Than Mee, Char Koay Teow, Nasi Lemak, Roti Canai, Coffee and Tea, etc; all have increased their prices.
2. Markets: Chicken, pork, fish, egg, chilli, greens, etc; all have increased their prices.
3. Supermarkets: Cintan Mee, Mamee, Milo, Dutch Lady, Julie, Colgate, Cutie, Economy, Nestum, etc; all have increased their prices.
4. Transport: Express bus, School bus, Lorries, Taxis, 'Sapu' etc; all have increased their prices.
5. Services: Lawyers, GPs (like Chen), Hair dressers, Mechanics, Tailors, etc; all have increased their prices.
6. Properties: Houses, Apartments, Condos, Constractors, etc; all have increased their prices.
7. Utilities: Water, Tenaga, car parks, etc; all have increased their prices.
8. Others: Hotels, "One Ringgit shop (now RM1.20)", etc; all have increased their prices.
Therefore, the recent petrol subsidy cut has not only made the rich richer and the poor poorer, but the government doctors like us (still UD41 after 8 years in service) the poorest.
No promotion, no bonus, no locum, and worse still, no hospital claim for my one-day course organized by HKL next month. Damn.
More news on price hike:
Cameron's blooms to cost.
Tough times hit welfare homes.
Sarawakian hit by another round of price hikes.