Friday, November 21, 2008

Heads you win, Tail you lose pt 3

Tell me, what was the first word you said (in your head also count!) right after you read this.
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Context... ever since petrol peaked a few months ago, the government has been crying foul about how they can't afford subsidy anymore. They were losing billions!! (So they say... except for that P-company which were making billions suddenly with the increase of oil price)

They had NO choice. See they say it here:

"PUTRAJAYA: The Government announced yesterday an increase in petrol and diesel prices, stating that it can no longer continue to subsidise fuel. "

Some people then say taking away subsidy is also good because we should go to a free market system. The government can also use what's saved to other areas.

"He said the Government would save RM13.7bil through the restructuring.

From the savings, he said RM4bil would go to the National Food Supply Guarantee Policy, RM1.5bil for subsidising cooking oil and RM400mil to subsidise rice imports to make the price uniform in peninsular Malaysia, Sabah and Sarawak.

The Government would also spend RM200mil on flour subsidy, RM100mil on bread subsidy and RM7.5bil was meant for contributions to the subsidies for petrol, diesel and gas."

Subsidy or not, inflation quickly sky-rocketed.

And just as it quickly went up it came down. And down. It came down so much that we are now paying TAXES on fuel? TAXES?!!!

CCB! From GETTING subsidy at current prices we end up PAYING taxes!!!!!! and the more petrol price is dropping the more the government can take!

Now, with ALL the BIG savings we get from the cancellation of subsidy we were promised infrastructures.. bla bla blah... now leh? Now do we get more?

Savings + Taxes = more infrastructure? better internet lines? cheaper goods? or just more eurocopter?

When oil prices went up, the people had to take the big blow. We bore the inflation and now that the oil prices has come down we have to pay tax? Is this how a caring government show love?

So what did u say right after you read the news?


FUCK!

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