Reading and Understanding..

was reading da softcopy of this book,

The Undercover Economist: Exposing Why the Rich Are Rich, the Poor Are Poor--and Why You Can Never Buy a Decent Used Car!

all in all, its and interesting book…wont put you 2 sleep, it’s in the context of simple and understandable English, and his view is very catchy, i like the way he criticizes some of the framework and theories, even some i have learned..well i realized external reading can really be useful in increasing your understanding =)

 

1 Malaysia!! ****

Malaysia will adapt new rules on fuel subsidy which will eliminates subsidy for foreigners and luxury car owners in Malaysia by using MyKad as a medium for records who are eligible for the subsidy.

The ministry is still discussing and studying the mechanism…ERMMMM,YEAH!!

The government had announced that the fuel subsidy management system would be announced on May 1 together with the removal of subsidy to foreigners.

the mechanism discussed include limiting the sale of fuel to motorists based on the vehicles used.

“If they can afford to buy luxury cars, then they can surely afford to pay for unsubsidized petrol,” WTF!!! SAID BY SOME ( ____ ) MINISTER!

My question, how big is a big engine? Two litre, or 1.8? Or 2.5, or 3.0? Or is even 1.6l considered the preserve of the rich and undeserving? We don’t know. We’ll know on May 1.

                          

So, how about the rich Malaysian guy who has three or four cars, ranging from a Mercedes S350 to a Perodua Myvi? Or even a RM200,000 MINI? Can he drive the Myvi to a petrol station and fill up to the brim four times a day, and then siphon  the fuel to his Benz and Alphard? If not, why not? He’s got a MyKad, and a Myvi!

Remember the recent rebate fiasco when some rich fellows with five cars could collect rebates on all five cars, as long as they were all smallish?