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Showing posts from May, 2011

A Perfect World

In a perfect world, everyone produce something. Farmers grow plants, feed chickens, fishermen catch fish, builder made homes etc. So we can sit together at night and enjoy a complete dinner in our nice homes. It was easy to know who is suppose to do what, who produces what. When there are too many fish caught, it has to be sold out of town. The fisherman doesn't have time to travel that far. So a delivery boy is helping the fisherman. The fisherman save time, hence catch more fishes and therefore its worth him paying the delivery boy. It is a value added chain, so service has become a part of perfect world too where everyone produce something, everyone produce some values . It gets a bit complicated cause service is not as easy to quantify as materials. But its still ok. A $1 fish may cost $2 in out of town because there are delivery cost incurred. Soon more delivery services are needed. It is not easy to decide which of the 100 delivery boys is most reliable. So a mana

the Magic of GST - reveal !

The 2 sides of GST are shown earlier, one is generally the consumer side who say NO , the other is the government side who say it will be OK . The "magic" highlighted is everyone pay less and yet the government can earn more, how is that possible ? Tax payers will pay less tax Industries will save money Government can earn more money First of all, the trick in that statement is ' tax payers '. Malaysia has about 27 millions people, only 1 million is paying taxes. So the rest of the 26 millions people who are NOT paying taxes now will be affected once GST is on. Even your underage kid buy a candy tomorrow, GST would have been included (depends on at which level of the distribution channel). So you "MAY BE" paying less tax, but everyone else in your family will be paying GST. Thats why you pay less tax and yet government can collect more, from people around you. Secondly, not ALL industries will save money. This is a lengthy strategical discussion but

the sides of GST

Actually GST is good , at least in theory. In practice, it could really go either way. And either way could mean good or bad for somebody and not everybody. This has already been proven in many countries who has adopted GST for ages. But one thing for sure, GST gives the government full Flexibility . Now or in the past, it started with "I will tax this and that". So sales tax, service tax, government tax, custom tax etc. were introduced. With GST, it started with " I will tax everything " except those I give exceptions. So system wise, GST is also better. Or in another word, GST is more systematic . Most people may have known the devil of GST from many blog posts by now, but seriously if you look at the topic with a clear mind and NOT just from consumer point of view, you may realize those are really just purely speculation. However, it may still happen but when it does, it is because the consumers ourselves are making it happen . By thinking it might happ

Old Post - Write Will For FREE

Pardon my long silence. I am back and starting to clear some of my old drafts. But once I published them, they stay in their own old timestamps and hence not easy to be found I suppose. Below is draft I created in 2009 but only get to release now. How to write your own Will for FREE. Below are my other drafts, I am no longer sure which is more important than which. Do comment if there is anyone you would like to know more. Trust Malaysia 2011 Budget FMB - Financial Mediation Bureau AS1M Prospectus The price of AS 1Malaysia unit is... futures tutorial from Ino Retire with Young Kids It was already mentioned in last article that gett... agent commission takes up a big chunk of insuranc... Hong Leong Flexi FD How to choose fund mana