Government attempts to "reduce deficits" whilst continuing with "expansionary" and "extravagant" projects like ECER, IDR, Sarawak Core Corridor Of Renewable Energy etc. At least what the government can do is to revise the costing if possible trimming and cutting corner here and there if not scrapping them all together. The revenue of PETRONAS from the sale of petroleum is increasing, not at all reduced.
For those economists in the government, petrol as a commodity is inelastic in terms of supply, demand and cost. No matter how high one INCREASES the price, the demand does not decrease proportionately since it is almost a basic necessity. In the face of higher fuel price, people still has to travel, eat, use electricity and what- not. Perhaps well- to- do folks will think twice before buying higher capacity luxury vehicles to add to their stable but ordinary citizens still have to get a family car in order to get by. Has anyone tried to get a taxi or a bus in times of emergency or if one is in a hurry?
Now the real and core issue is our elected representatives in Dewan Rakyat, about 129 of them all, have become so callous, care-less, heartless, voiceless, merciless, non-empathetic, non-sympathetic, robot-like and rubber stamps MPs........
For discussion on "Fiscal" and "monetary" policies
129 VOTES TO 78: HADI LIKENED MP'S TO RUBBER STAMPS
Labels:
Dewan rakyat,
petrol price,
petronas
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