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Message: <blockquote data-quote="ALBundy" data-source="post: 439132" data-attributes="member: 15">Perhaps I should emulate chedet's style of writing as it will make folks of various levels of comprehension to understand the frustration of most malaysians when it comes to subsidies. 1. There were plans to move to a K-based economy for many years already. It was mooted by then PM, Tun Dr. Mahathir. One of the key areas was in Information Technology and to develop a similar Silicon Valley in Malaysia. Well, look at what CyberJaya is after so many years.  2. Perhaps what the government needs to understand is, the key to moving to a K based economy is to develop the human resource, instead of spending billions on buildings and infrastructure. Look at India's IT industry, its the people that matters!!!  3. The 2.70 oil price was mentioned, as it was relevant to the discussion. Reason being, when the price hike happened, the government promised the $$ saved will be used to improve on Public Transport. As usual, nothing concrete has happened so far even though I was made aware of the proposal being evaluated by the relevant government agencies since then. 4. As for R&D, let's not jump the gun. Not many firms investing in Malaysia are into R&D, even the "big names" you mentioned. Basically all these are manufacturing plants with the R&D being done somewhere else and if the subsidies currently enjoying by them are removed, they will move somewhere else. Even if they do intend to do R&D here, do we have the capacity to do so?  5. In many developed countries, a lot of R&D is done in universities and sponsored by big commercial entities whether in electronics, bio-tech and etc etc. That's how these universities have such large grants for R&D. The subsequent "discovery" or technology derived from these R&D works will be owned by these companies. Again, I reiterate what I said earlier, it's not happening in our local universities. 6. Taxi drivers are mentioned because of the hardship they faced everyday due to rising costs of living. Specifically the ones I mentioned are already working part time in the evening as a taxi driver just to earn an honest living to support their family.  7. Removing subsidies will NOT help this country to escape the middle income trap, more so given the many "ifs" and "assumptions" that money saved will be put into good use.  8. More so that is if there is any more left after all the expenditures incurred. Please take note only 10% of the population pay income tax, and 40% of the government's expenditure comes from oil and gas revenue.  9. What needs to be done is a change of government policies that will make this country conducive and attractive to investors, and there is plenty to be done to develop our people so that there is big pool of talented people that can meet the needs of a K based economy. CheersAlbundy</blockquote>

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