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Friday, 4 November 2011

Budget 2011

Well, after hearing the budget from both sides of the house - nothing impressive. We all know which is worse and it is just like a bloody band-aid solution when the patient is almost dead.

Here are some ideas that I have:
  • To keep prices of food low, all duties and excise tax on machinery directly involved in food production to be abolished.
  • To help businesses, all individuals wishing to register for businesses (under Enterprise) with SSM will only be charged RM 10.
  • All Sdn Bhd companies - with all shareholders as directors - will no longer require company audits.
  • Stamp duty on all new Sdn Bhd companies with paid up capital of less than RM 100k will be halved.
  • Fees for all traders in pasar malam, pasar, hawkers to be abolished.
  • Petrol will no longer be subsidized.
  • Cars APs will be abolished. All cars can be imported freely.
  • However, excise duty on cars will remain with: 10% for cars rated to achieve 15km or more per litre of petrol (or equivalent in diesel); 15% tax on cars rated to achieve 11km per liter of fuel; 30% tax on cars with efficiency of less than 10km per liter of fuel. This is based on cruising speed of 100kmph.
  • Road tax will be base on vehicle tonnage rather than on engine capacity. (as new hybrid vehicles have very small engines. After all, it is the weight of the vehicle that causes damage to roads).
  • All excise and duties for busses, taxis (but must be used as a taxi for more than 8 years), lorries will be abolished.
  • To assist SMEs, import and excise duties for all machinery using less than 10kW of power (or equivalent for gas-powered) will be abolished.
  • Municipal councils will be allocated budget to legalize all illegal hawkers / traders. This includes providing them with stores and proper places to trade. (Why do we do a 'pemutihan' for illegal workers who are not even citizens but yet never even help citizens).
  • Immediate ban on all logging and export of logs.
  • For companies awarded under the Bumiputra status / quota - make it mandotary that their entire work-force (for staff with salary less than RM 3000) to be Malaysians. This is to prevent them from getting the projects being turned to Ali-Bangla or Ali-Bakso projects.
  • Government will not interfere with private sector. (Eg - don't ask Telcos to absorb service tax).
  • Service tax for mobile phones will be abolished.
  • Taxes on all books and stationery to be abolished.
  • Import and excise duty on all exercise equipment to be abolished.
  • Service tax for gyms, sporting venues to be abolished.
  • Sales tax for fast food (McD, KFC, A&W) be increased to 10%.
  • Gaming tax on lotteries, 4D, etc to be doubled.
  • Entertainment tax for cinemas to be abolished.
  • Personal income tax relief for purchase of books to be increased to RM 1000.
  • Bernas will no longer hold the sole permit to import rice. 
  • All students will be issued with public transport passes to ride on all public transport for RM 10 per month.
  • Instead of a RM 200 book voucher, all textbooks will be given free of charge to all students in public schools.
  • Government will buy over rights of workbooks, and allow students to buy workbooks at cost for printing only.
  • Will set up a Energy Efficiency agency.
  • All energy efficient light bulbs, fridges, IT equipment, air-conditions will not be taxed.
  • Electrical items not energy efficient / not rated will be taxed 20%.
  • Personal income of less than RM 3500 per month will not be taxed.
  • Tax and duties on all fertilizers; agro related chemicals for domestic consumption to be abolished.
  • Minimum wage for all civil servants to be RM 1200 per month. However, minimum productivity will be introduced (let's get rid of the Monday-Blues 
  • Maximum wage for all civil servants to be RM 10,000 per month
  • All pensioners with pensions less than RM 1000 will receive a pension of RM 1000. 
  • FELDA - only FELDA settles will determine their own future. They will be given a chance to vote if they want to publicly list this entity.
  • FELDA must be headed by someone who has planted and tended to at least 1000 oil-palm trees over the last 5 years instead of someone who has been found guilty of money politics.
In order to save money to finance the above:
  • All government tenders will be open tenders. No exceptions.
  • Will start policy similar to the GSA by the US Government (http://www.gsa.gov/). All vendors must be registered; and prices are available online. If anyone is caught selling cheaper to others (non Malaysian Government); they will be removed from the list of vendors. (Interesting note - do see this link http://bit.ly/oPKA5V ). Directors will be blacklisted for 10 years.
  • Immediate stop to all public relations campaign / adverts including but not limited 1Malaysia; congratulation notes to Prime Ministers / Wife of PM in New York / Mentri Besars; Wawasan 2020; meaningless songs by RTM; and other 'syiok sendiri' programmes.
  • All government functions must be held in their own premises. No more hotel or resorts.
  • For all functions, if attended by only the civil service, no food will be provided at the expense of the tax payers.
  • For public function with more than 90% non-government staff attending, a cap of RM 25 per pax on food is allowed.
  • All non performing / crime committing civil servants will be sacked; instead of 'retired', 'transferred to desk job', or 'promoted' to cold storage.
  • All government buildings must reduce energy usage by 10% within the first 12 months and 15% by the next 18 months.
  • All GLC 'C' Level staff to be paid only RM 10000 per month. Not a cent more. Balance will be in bonus if the company makes more than 10% profit based on paid up capital.
  • All GLC 'C' level staff to be sacked if the comapny run losses in three years straight; or asset of the company is reduced for three consecutive financial years.
  • If an individual causes losses to the Government, (eg - paying RM 50000 for a RM 5000 binoculars), the Government reserves the right to sue the negligent individuals and suppliers to recover losses.
So tell me - what do you think?

5 comments:

JoJo said...

so, when will u becomes a politician and fight for it?

Hamsap Goldfish said...

I doubt it....too many scandals. In any case, I think I could be more effective in contributing to the country for the work that I am doing...

JoJo said...

I think you're contributing to China, Indonesia ,Philippine, Thai, Russia? LOL!

Hamsap Goldfish said...

China, Indonesia and of course, Made in Malaysia. Occasionally Thai. I don't think I purchase much goods and services from Russia. Could give it a try...

betakappa said...

wow. well thought out. i wanna keep reading ur blog, but I'm outside and dont wanna open anything NSFW