Malaysians are RICH!

Undeniable that Malaysian are RICH dont you think so? We are all RICH, just that some are RICHER, some are “MORE” RICHER! Why i say so? I will tell you why. Straight to the point. For an average Malaysian’s monthly earning is RM1500 – RM2000. For that range is consider “average” and lots of them complaint “NOT ENOUGH TO USE LO”. I truly agree with that. We have 4 necessities to fulfill (clothing衣 , food食 , shelter住 , transport行). Malaysian can spend alot in some ways.

I will take RM1500 income as example.

Clothing, food wont be much problem for RM1500 income. But shelter and transport are something to worry us about. But RM1500-2000 actually can buy lots of things! More.

Shelter:

Nowadays everything has increased in cost and price. Everything gone up but only salary is stagnant. How are we going to buy a house? Then you to look for bank to help. So banks are so generous to offer their help. With flexible home loans, almost everyone can pay and own a house! DOWNSIDE is you will pay a very long long time to actually own the house. The loan will be refinanced and continue to be settled by son then grandson and great grand son… when there is an imbalance of the income and cost of living. Then it will be a cycle of life. You work and pay loans. We cant just blame government, we cant blame why boss cant give us higher salary because Malaysia is not as productive as other countries. Nearest example, Singapore. They dont have resources as we have, but they can outperformed us HELL lot! Why? I will explain later.

Transportation:

Most of the average income Malaysian will own a Produa or Proton as their first car. The reason is they are cheap! Cheap? Did you mention cheap? Yes its cheaper than imported cars, but its still very expensive! For RM1.5k income you have to pay 350-450 ringgit per month to get a Kancil that cost around RM23,000.00. 

In Australia, AUD1,500 is a salary that pay to someone to wash dishes. Who works 5 days a weeks, 8 hours per day and AUD10.00 an hour (i heard that employee can sue the employer for paying anything below than that on normal cases). With AUD 23,000.00 you can actually buy a brand new CIVIC.

HONDA CIVIC

 But normally with AUD1500, people will get a car around AUD12-15000. Nissan Micra at AUD14,999 in Malaysia it cost more than RM90,000 for a recon car (refurbished imported 2nd hand car).

 

Nissan Micra

So you see the big difference? We earn same “value” of money, but spend TWICE as much as them. Arent we “rich”? Even buying our national brand is already so expensive. Why all these happen?  AP and duty TAX is why. Why we need AP for cars? If there is AP then why Duty Tax so high? So, i was told that mostly AP which is Approved Permit to import cars. One AP one car. So many of our local friend (Malays) has the AP. They sit there doing nothing and sell APs to chinese who wanna do business. Each AP is RM35,000 to RM45,000.00. So your car will be extra RM35000 more expensive excluding the TAX! Wow… why some get so much AP and chinese get little or NONE? This one you find out yourself. I dont want to get disappear for days.

 

Corruption:

We maintain the standard! We are better than Vietnam and Indonesia! (being very sarcastic) 

 

Corruption Ranking

I got this from Local paper. Also available more here.

Corruption definitely will kill a county. If your country is number is corruption, meaning “including table” instead of “under table” corruption then you can see how weak the currency and economy is. If our country is like Sweden or Singapore that CLEAN, with the rich resources we have, we can do much better than any countries in Asia. We can be better than Hong Kong. So corruption act as a black hole. All our hard earn money paid to tax then SUCKED into black hole when the minister of Government department involve in corruption. For example, building a fly over or Airport or Highway, one might cost RM400 million (actual) then the minister award it to contractor (the “brother” AKA kawan) RM1billion then share together of the profit. Then our Tax all goes there. So we have no money to upgrade other facilities and develop other states in Malaysia. This is just one of the example. If you want to know more, you can always Google it yourself. I am not a politic blogger and will not be one, just wanna share why our country after so many years still like a” toddler” in economy. In newspaper everyday, our ministers still “lie” here and there, say you lousy, i clever. Then say our own national car suck, yet duty tax and AP so high till not everyone can buy imported cars. Then say who who “chicken rape” who who, then doctor found out something, then disappeared. Police found drugs and pirated dvds then disappeared when going to court. Fire fighting engines never serviced and not working well when needed. Where are our rights? Our money? We pay so much tax and yet the road condition SUCK. Even a place where teaches new generation of education and morales also got corruption!

 

Hope i dont get myself into any trouble of pointing out these facts.