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With absentee of estate tax, you will find the country money flow out of the country to buy asset give little benefit to the country.
It is also a reason why Malaysia failed to upgrde its GDP as too much money falls into people hand that bloated the properties market.

RM4 Billions saving is nothing, if you learn that real-estate tax will earn more than RM4 billions.

but wht if my lifestyle already revolves along belt tightened activities. (work, put food on the table and stay at home) what more can i do to change? wht if i already do not spend on entertainment, do not eat out, do not buy new clothes, do not go on holiday..etc...what else can i do?

The sudden and steep fuel increase is yet another clear indication that Prime Minister Badawi is inconsistent and unpredictable. But is there method in madness? The previous increase of ten sen in fuel prices saw, for example, taxi drivers in Kota Kinabalu unilaterally increasing their fares by RM1. Following the recent 30 sen increase in fuel prices, will the taxi drivers in KK increase their fares by RM3. I doubt it.

In short, having learnt the lessons of increasing the fuel price by a measly 10 sen the last time, has the government decided to abandon the staggered fuel price increases and go for broke to quell the inflation level? Let’s wait and see.

real-estate always is the biggest $$$... i'm lovin it...

fuel price increased for 10 cents... taxi fare increased for 1 bux...
fuel price increased for 30 cents now... taxi fare... hmmm... no news yet... so... to cut all these, buy a kereta "bodoh" will be the best choice?! better rent a room near ur working place... so... cut the taxi, cut the kereta "bodoh" thing, cut the fuel... and support the real-estate...

The government of late appeared to have been playing "the bad and the good news" on us. Typical of such heartless humour is to tell a diabetic who is about to go for a leg amputation of the bad news that "the surgeon would like to borrow your leg forever "and the good news that" the patient occupying the bed next to yours is keen to buy your shoes".This is what actually happened when the government gave the bad news that the price of petroleum had been increased by an unprecedented 30 sen per liter and then subsequently gave us the good news that there would not be any increase in the high way toll rates this year.

The first announcement had resulted in an all round increase in the prices of essential goods and services whilst the second is minimal in amount and is not likely to have any impact on anything at all.Our intelligence is being insulted most of the time.

The cronies and corrupt government servants and politicians are being given every opportunity to perpetuate their dishonest practices.For instance the proposed issuance of discount vouchers for purchase of diesel would surely be the subject of great abuse not only at the point of distribution but some would even "recycle" them to gain multiple their benefits in the same manner they had recycled APs for importation of cars as reported in the papers recently.

The fact remains that we are very much in a crony capitalism environment.The cronies and the capitalists are being given privatised projects, exclusive licenses to operate their businesses, tax breaks and cheap currency advantages for their exports whilst consumers end up with substandard infrastructure facilities such as sub-standard roads and flyovers,public buildings and even drinking water that have been polluted by faeces of pigs and cattle as what had happened in the klang valley in the last few days.To add insult to injury we have to pay escalating costs for them.