Most of the government in various country has come up with stimulation package but allot of this money is channeled through the same government link companies(GLC). This is the same government that has help the GLC before with tax incentive and other incentive. This is why we as public do not see the cash being flow. I belief the reason why they do this is to protect employment. Government looks at 3 main indexes – employment, GDP where the employee spend back and inflation where I don’t see the logic and how transparent this index is.
I really hope too see government change the direction of the stimulation package offering to public through reduce inflation and reduce the cost of ownership of public long term investment like house and cars.
I would like to suggest that government should give 1 house installment as tax relief to the public.
1 comment:
How do our neighbouring countries like Singapore and Thailand control or reduce inflation in their respective country? Isn't inflation a global thing?
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