Consumerist: A Cut In Car Duties Delayed By Lack Of Competitive Spirit, Stupidity and Self Interest?
In the end a religious phrase says – “You shall know them by their fruits!’
And how true not just in Malaysian politics which is today called high powered gutter politics where anything goes – politicians lying to protect self interests running into millions, no matter how much already stolen it is never enough, some with excessive weird sexual obsessions that they can never outgrow like an addict, while others feeding into this frenzy directly or indirectly including learned and well educated scribes forced at times and others paid handsomely to take sides forgetting that the political ground of voters and others have dramatically changed!
So whether it is about tenders for politically engineered water crisis, procurements, educational policies, grants, APs, promotions, approvals for hill slope construction and other life threatening endeavors by manipulating EIA or statistics the new Malaysian on the ground knows truth from fabrication and fiction.
But this Friday morning let us discuss something that results in 20 per cent of the RM581 billion total household debt in the country which affects Malaysian consumers!
I am certainly referring to the prize of cars bought in Malaysia where a Malaysian consumer pays RM100,000 for a car, as much as RM55,000 goes to the government and why?
This is because Malaysian consumers are today paying excise duties of between 65 and 105 per cent on motor vehicles with an additional 10 per cent in sales tax!
And all because as some claim Malaysia practices ‘state capitalism’ where we burden the Malaysian to protect Malaysian cars and boost certain obsessed and insecure political brains that are still alive and continuing to do major damage on the political platform!
It is protectionism – nothing more or less!
No one doubts that this is and has always been an easy and lucrative form of revenue for the federal government but it has hurt the household debt levels in Malaysia which, as a percentage of GDP, are the second highest in Asia.
This is not all as the picture becomes muddier when there is an abused system of APs given to a select number of companies and car importers, allowing them to bring in cars and charge up to RM40,000 for the permit to the consumer!
To protect politically obsessed minds, cronies, AP holders and Malaysian sacred cows must Malaysian consumers continue to suffer high car prizes?