First of all a reader sent me this link and the information – thank you.
1. MAMINCO – bangkrap
2. MAKUWASA – bangkrap
3. PERWAJA – bangkrap
4. BMF – bangkrap
5. BNM – rugi RM31.5 billion
6. Forex – gagal
7. Bank Bumi – rugi
8. BAKUN – rugi
9. MAS – rugi
10. ERL – kerajaan terpaksa bayar kroni
11. PKFZ – rugi
12. PUTRA LRT – bangkrap-bailout
13. STAR LRT – bangkrap-bailout
14. MONOREL – bangkrap-bailout
15. BAS INTRAKOTA – bangkrap
16. SILTERRA – rugi
17. JARING – gagal
18. MEC ELECTRONIC GAMBANG – bankrap
19. MIMOS – gagal
20. HICOM – gagal
21. EAGLE PLANE
22. IPP – rugikan TNB berbilion
23. TNB – rugi
24. PROTON – rugi
25. FIMA Rantei – gagal
26. SOGOSOSHA – gagal
27. JUDICIARY – dicemar
28. UMNO – diharamkan
29. DAYABUMI – gagal
30. TIME dotCom – rugi
31. KONSORTIUM PERKAPALAN – rugi
32. MISC – lingkup
33. IWK – rugi
34. DASAR PANDANG KE TIMUR – gagal
35. PLAZA RAKYAT – terbengkalai
36. JB WATERFRONT CITY – terbengkalai
37. KRONISME – berleluasa
38. HARGA BARANG – naik
41. SUKAN KOMANWEL – masih ada yang tak dapat payment
42. EKUITI BUMI – naik tak sampai 2% selama 22 tahun
43. PIRATISATION – 200 syarikat awam difaraidh kepada kroni, dan anak-anak
44. PENAPIS MINYAK – 22 tahun tiada penapis minyak sendiri terpaksa import dari Singapura
45. SURAT WAHYU – boleh menang tender, loan boleh approve, boleh lari dari penguatkuasa, syarikat RM2 boleh dapat projek juta-juta
46. MINYAK NAIK – dari 89 sen hingga hampir 3 Ringgit masa 1998.
47. Boboi MB Kedah 2 Kali – bailout
48. PM4 Bapa Baillout
49. Beli 88 pesawat pejuang SKYHAWK,44 tibe,baki 44 tersadai di usa.
MR : Ada lagi masih banyak tertinggal
Prof Kling, please note that of the more than RM300+ billion Budget allocation, more than RM200+ billion is for Operating Expenses. Maksudnya duit untuk bayar gaji Civil Servants, bayar pencen, bayar gaji Menteri, gaji Wakil Rakyat etc.
The single largest component of the Budget was money used to pay the salaries and the pencen of the 1.6 MILLION Civil Service or Penjawat Awam. That includes people like you, Prof Kling.
Now please go back to that list above. How much taxes do you think the government can collect from all those companies and projects that have gone bangkrap, rugi and gagal?
Can Utusan Malaysia pay any taxes?
Can projek Lembu Condo pay any taxes?
Can Felda FGV pay taxes?
Can Tabung Haji Heavy Industry pay any taxes?
Did 1MDB pay any taxes?
The answer is ZERO or close to ZERO.
There is a big difference between the Civil Servants who are paid from taxpayers funds versus the private sector which generates tax revenues.
Civil Servants who earn more than RM3000 a month also pay taxes. But the important difference is that they are paid their salaries from tax revenue. So when Civil Servants pay income taxes – they are simply returning some of the tax revenues back to the government. The sum total of the government’s revenue did not increase.
The private sector on the other hand, especially the businesses, generate their own wages from its own effort. No effort means no salaries, wages or profits. The private sector also pays the biggest amount of tax revenues to the government. When the private sector pays taxes it comes from generating their own wealth and income.
Now let us do some simple calculations. Matematik Darjah Enam.
Lets say a Civil Servant Grade 48 is paid a salary of RM5,000 a month. One year is RM60,000. This money must also come from the government’s tax revenue (daripada hasil cukai kerajaan).
Bagi senang kira, bagi senang cakap, let us say that on the other side there is a Syarikat Ah Chong that pays corporate taxes of RM5,000 a month. Or RM60,000 a year.
So there is a balance. Syarikat Ah Chong pays taxes of RM5,000 a month. This money is used tp pay the monthly RM5,000 salary of a Civil Servant Gred 48.
Now here is how Ah Chong generates that RM5,000 monthly.
Corporate tax is 28%. This means to pay RM60,000 corporate tax per year, Syarikat Ah Chong must make a pre tax profit of RM60,000 / 28% = RM215,000.
So Syarikat Ah Chong must generate untung or profit of RM215,000 a year.
Only then can Syarikat Ah Chong pay corporate taxes of RM60,000 per year.
Only then can this money be used to pay the salary of just ONE Civil Servant Gred 48.
Now lets say that Syarikat Ah Chong is a clever business and they can generate a pre tax profit of 10% from their sales revenues. (This means for every RM100 of sales they get untung RM10 only (after tolak bayar gaji pekerja, bayar api, air, sewa kilang, raw materials etc).
This means Syarikat Ah Chong must generate sales revenues of RM215,000 / 10% = RM2.15 MILLION per year.
Only then can Syarikat Ah Chong generate 10% untung (profit) of RM215,000.
Only then can Syarikat Ah Chong pay corporate tax of 28% x RM215,000 = RM60,000.
Only then can government pay ONE Civil Servant Gred 48 a salary of RM5000 a month (RM60,000 a year).
This is where your salary as a Civil Servant comes from.
This is how the equation “connects” the private sector and the Civil Servants’ salaries.
Prof Kling, kalau nak harap duit minyak pula, Petronas sudah tenat, Felda sudah penat, Utusan Malaysia sudah tutup, Tabung Haji sudah lingkup, Proton sudah jual, MAS sudah crash landing. Semua sudah pelingkup.
We only have the private sector businesses, factories, traders and retailers to depend on. As long as they can generate sales and revenue, and from there they can make profits and from there they can pay corporate taxes – then a lot of people (including you) can be happy.
BAHAGIAN 4 – Aakhirul dakwaanan wa akhirul kalam.
Now here is the most important part to bear in mind.
These two pictures below (examples only ok) show a Bulgari boutique and a Yves Saint Laurent showroom. Both are in Paris, France. Both boutiques sell accessories for men and women – watches, handbags, clothes, perfumes etc.
Please try to understand this equation.
Just leave them alone and let them do what they do best.