That's alot of money. RM 60,000,000,000.00.
Wonder whose pockets the money will go to? (mine? I wish.)
Car rebates, housing loan rebates, road construction, road repairs, drain repairs, tax cuts for employers, blah, blah, blah.
Point: I think this is bloody unsustainable.
Why?
The RM 5,000.00 trade-in-your-ten-year-old-car (TIYTYOC) rebates are encouraging more people to BUY NEW CARS.
... :)
That sounded very obvious.
... :o
But think of it, people BUYING NEW CARS means higher petrol consumption and more pollution. It also discourages the use of public transportation.
... ... ... ... ... O_o
(The other part of me points out that the "mini-budget" doesn't even have any allocation for public transportation. So much for our petrol tax then..)
... -_-
Next, drain repairs. Wait, I thought we lacked drains. (flooding anyone? going once, going twice, sold to Kuala Lumpur! or was it Sarawak?)
... >_<
Tax relief on housing loans.
Observation + Opinion:
Giving out housing loan tax relief is of course, good for the first-time house-buyer human/person/alien/thing. However, people who buy houses for fun and profit should not be given the relief. It wasn't stated in the news report whether the relief would be given to 20-time house buyers or not, so I'll assume it would be. I'm just THAT negative.
I also think the housing market is saturated enough. What with Singaporeans buying up all the property (in JB)..
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