Re: 'Understanding' won't put food on table - Malaysiakiniletter


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'Understanding' won't put food on table - Malaysiakiniletter
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C Nimitz Mar 7, 06 3:51pm

I refer to the letter by Paul Ooi of Colorado entitled Oil prices in
Malaysia still cheaper. I must say Ooi's comparison of petrol prices
in
Malaysia and the US is not logical, to say the least. He implies that
we
Malaysians should not be so agitated over the recent hike in petrol
prices
because we are paying US$2 per gallon while the Americans, Japanese
and
Hong Kongites are paying US$2.35, US$3.50 and US$4.50 respectively.

I am totally surprised that it did not occur to a well-traveled person
like
Ooi that Malaysians make much less than the people in the three places
he
named. Malaysia has a GDP per capita of US$10,400 while the United
States,
Japan and Hong Kong have a GDP per capita of US$41,800, US$30,400 and
US$36,800 respectively. Now, is Ooi actually saying that someone who
makes
US$10,000 a year and pays US$2 for each gallon of petrol is better off
than
a person who makes US$40,000 a year but pays US$2.35 (a mere US$0.35
more)
for each gallon of petrol? Doesn't make that much sense, does it?

The price of oil should not be compared based on local income since oil
is
a
global commodity going on the market at a certain price. If any excuse
you
should have is that Petronas is a local company, hence it would make
sense
to have cheaper oil... but would that not put the only GLC with a proper
profitmargin under pressure?

Yes income might be higher, but this does not mean that in comparison
they
pay less for their fuel then the average Malaysian. Do not forget that
their taxes are higher and prices of goods like for example a loaf of
bread
(also fixed in Malaysia) also costs double the price you pay in
Malaysia.
Everything in due context. Prices of many goods in Malaysia are
controlled
by your goverment... you can't have everything at bargain prices, the
money
should come from somewhere... don't make to much wind if you know very
well
you don't pay the full price on goods and you don't pay the full price
an
transport. It could be worse!


Man, I'd rather earn 40000 and pay 35% tax than earn 10000 and pay 10%
tax!!!
At the end, I'd still have so much more net income to pay for the higher
petrol and bread!!

Get real, out of each 100 yuou earn at least 65 go back to state by way of
tax, direct an indirect. Your 40000 would end up about 14000... what I
said, all in context, the numbers might be bigger but the end result is
something worth talking about.

If you have the time, feel free to calculate how much life in Malaysia costs
subsidised versus real prices!!

Man, bread may be a controlled item in Malaysia but that 80 sen loaf is
how
many grams? 250? We have Gardenia bread(non-controlled) that costs rm1.90
but weights 400 grams and tastes better too.
Guess which one I buy!!!

Gardenia does not taste that great at all dude, I would not buy it even to
feed animals... Malaysia has yet to discover REAL bread! That said, it's
not just bread, but many more items... many small numbers do make a big one.
Even you pay RM3 for a 400 gram bread, that is still half of what you pay in
Europe for a bread, a real one though, no dull spongy toastbread kinda
stuff.

How much is the electric tariffs at your place there? It's so much cheaper
than what we get here even though it's supposed to be subsidized!!! Why?
Your costs of production is the equivalent of 7sen per 1000kwatts whereas
the costs here is maybe 30sen!!! So, why is your costs of production so
low
in a first world country? Your guess is as good as mine.

Man, back in Europe I payed electric bills at least 40x of what I pay here
in Malaysia (even I consume more here, airco and all). You obviously have
no idea what your talking about.


.

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