Malaysia Bankrupt by 2019?
Some of the quotes that yours truly thinks of utmost importance from an article that will be quotes at the bottom of this post. Take heed. Pay attention. Think. "Malaysia has a population of 28 million and a civil service of around 1.3 million. Out of the 28 million, only one percent are paying income tax. This clearly shows that 99% are either below that income tax bracket or merely earning too little to need to pay taxes. With inflation and the prices of goods continuing to rise, expect even fewer people to pay income tax in the near future." "But not only is it confirmed that the Malaysian economy and system is riddled with rampant corruption, widespread inefficiency and general incompetence, the country has reached near to the end of the line. Bankruptcy is visible and to the extent that a time frame can be drawn. Minister in the Prime Minister’s Department Idris Jala, who shocked the nation last year by warning of bankruptcy by 2019 if the gove...