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My Letter To NST on the Fuel Subsidy Issue
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<blockquote data-quote="xtracooljustin" data-source="post: 240954" data-attributes="member: 67"><p>Shouldn't we be rejoicing for the high oil prices which means bigger profits by Petronas? Which translate to bigger revenue to the Govt?</p><p></p><p>IMHO its not about devising a 2 tier system for the 'rich' and 'poor'. Its about putting the money earned by Petronas to good use. No point devising how to split the cake when the cake isnt getting any bigger. Whats needed to be done is to increase the size of the cake ie, diversify and creating more value added economy. With the current economy, our country is a sitting duck should a big crunch come by anytime soon.</p></blockquote><p></p>
[QUOTE="xtracooljustin, post: 240954, member: 67"] Shouldn't we be rejoicing for the high oil prices which means bigger profits by Petronas? Which translate to bigger revenue to the Govt? IMHO its not about devising a 2 tier system for the 'rich' and 'poor'. Its about putting the money earned by Petronas to good use. No point devising how to split the cake when the cake isnt getting any bigger. Whats needed to be done is to increase the size of the cake ie, diversify and creating more value added economy. With the current economy, our country is a sitting duck should a big crunch come by anytime soon. [/QUOTE]
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