According to Lim Kit Siang, the Government of Malaysia (GoM) is better off calling for a Royal Commission of Inquiry (RCI) to address poverty in the country so as to bridge the gap between rich and poor.
But rather than suggest this or that, Kit Siang should instead spend some time tutoring his son, “Kit Kit” on “the constructs of an effective fiscal policy” by starting lessons with “Chapter One: The Robin Hood Effect.”
Kit Kit needs to understand how to calibrate spending and revenue patterns against projected “per capita income (PCI) to per capita spending (PCS)” ratios to help increase the purchasing power of the low and middle income groups.
If the projections are correct, the government can, through a series of targeted taxation schemes, bring in more revenue for the country in the longer run by taxing the rich more for development that would bring in extra job opportunities for the poor.
Lim Kit Siang has finally admitted that his own son can no longer be trusted to lead the Ministry of Finance.
According to the DAP supremo, the Government of Malaysia (GoM) is better off calling for a Royal Commission of Inquiry (RCI) to address poverty in the country so as to bridge the gap between rich and poor.
That’s more or less saying, “my son isn’t capable of coming up with a better fiscal policy to reduce poverty, so we better get an RCI to do the job.”
That’s believable, judging from how the man-who-thinks-he’s-accountant-but-really-is-not, Lim Guan Eng, went from the national debt being RM1 trillion to it being RM725.2 billion (when tabling Budget 2019) before reverting back to the original trillion figure.
It is also believable because the senior Lim is most certainly one to cry RCI even if a cat were to die at his doorstep in Gelang Patah.
But try telling him the one about the long awaited RCI into the Perwaja Steel scandal and see for yourself how he mumbles and fumbles as if he’s high on Guiness Stout or ice.
It’s a wonder his son can be trusted to crunch figures, judging from how he performed “mathematical magic” by increasing the alleged shortfall in the previous government’s GST credit refund from RM17.911 billion to RM19.248 billon.
When asked, Guan Eng had the cheek to tell the House Speaker that the ‘gaffe’ was due to a “misplaced decimal point” by his officer.
Ironically, that was more or less what happened in 2012, although back then, it wasn’t so much a “decimal point misplacement” as it was a “sanity displacement.”
On the 4thof December 2012, 19 days after the DAP held its 16th National Congress and Central Executive Committee (CEC) election, the party’s returning officer, Pooi Weng Keong, shocked the entire nation when he announced a “technical glitch in the Microsoft Excel spreadsheet” that the party used to tabulate the election results.
The error resulted in candidates who had clinched the 31st to 38th positions and those who had clinched the 61st to 68th positions in the CEC election being given the same number of votes.
The fact that the announcement came almost three weeks after polls concluded breathed new life into rumours that father and son tag team Kit Siang and “Kit Kit” (Guan Eng) were complicit in a scheme to extend the latter’s tenure as party secretary-general.
But what is three weeks compared to 15 months, which is roughly how long it has been since Kit Kit took control of the nation’s purse strings. And all he’s done so far is to tighten the strings so hard, even Tun Daim Zainuddin is finding it damned blardy difficult to untie the knots.
Rather than suggest this so and so or that so and so to sit on an RCI, Kit Siang should instead spend some time tutoring Kit Kit on “the constructs of an effective fiscal policy” by starting lessons with “Chapter One: The Robin Hood Effect.”
Kit Kit needs to understand how to calibrate spending and revenue patterns against projected “per capita income (PCI) to per capita spending (PCS)” ratios to help increase the purchasing power of the low and middle income groups.
If the projections are correct, the government can, through a series of targeted taxation schemes, bring in more revenue for the country in the longer run by taxing the rich more for development that would bring in more job opportunities for the poor.
If all else fails, Kit Siang can get Kit Kit to resign and have him replaced with a live ‘lotong’. At least, the lotong will know how to fend off criticism and can proceed to have a debate with the other lotong in the House.
RJ RITHAUDEEN
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