Ex Mp Wants Wealth Tax For Super Rich Urges Bold Political Will


 


Charles Santiago has urged the government to address the people’s frustration over soaring living costs and poor wages with “bold political will”.
The former lawmaker said if these socio-economic challenges are “tackled head-on, we can reduce anxiety and build a just and fair Malaysia for all”.
Among others, he said introducing a wealth tax on the super-rich would be a viable solution to fund essential social protection and welfare programmes.
“A 2.5 percent wealth tax on Malaysia’s top 50 wealthiest individuals could generate RM10 billion. By redistributing wealth, we can tackle poverty more effectively and ensure that everyone has access to necessities and social security,” he added.
Taking to X, Charles shared the above and other points which he had raised at a webinar on Malaysia’s Madani Economy and the challenges faced by B40 families.
He also recalled meeting a terminally ill woman several years ago who chose to forgo treatment to financially support her family.
“This story reflects the harsh choices many B40 families face daily. Their resilience during the pandemic was remarkable, but many have slipped further into poverty.
“An Ekonomi Malaysia report showed that 20 percent of M40 households moved to the B40 category due to income reductions. This growing economic disparity needs urgent attention.
“Unicef’s ‘Families on the Edge' & 'Living on the Edge' reports highlighted worsening poverty conditions among low-income families, especially female-led households. Eight out of 10 struggle to pay for essentials, and children are severely affected,” he added.
To tackle the issue of undernourishment and stunting among children, Charles said the free meals programme for schoolchildren must be revived.
He suggested that the government collaborate with GLCs and local entrepreneurs to provide meals.
“By engaging local food vendors, including women entrepreneurs, we create jobs and support small businesses,” he added.
⁠Looming crisis
Besides providing tax breaks for EVs, Charles said the Madani government should consider setting up solar panels in low-cost and rural communities, which would reduce energy poverty, create new income streams, and ensure a just transition towards renewable energy.
The former Klang MP also described the lack of savings in the Employees Provident Fund as a “looming crisis”, especially with Malaysia’s increasing ageing population.
“As of September 2023, 6.3 million members under 55 have less than RM10,000 in their accounts. With 5.7 percent of elderly households living in absolute poverty, we need mechanisms like monthly pension aid funded by Kwap (Retirement Fund Incorporated), which has an RM190 billion fund size,” he added.
Charles, who labelled the progressive wage policy as a “step in the right direction”, said it must also cover the three million informal and gig workers who are the most vulnerable.
“These workers are often paid below minimum wage and have no social protection or insurance. Including them in this policy is essential to lift them out of poverty and ensure financial stability,” he said. - Mkini


Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://malaysiansmustknowthetruth.blogspot.com/2024/07/ex-mp-wants-wealth-tax-for-super-rich.html

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Ku Li Tells Why Malay Support Will Remain Elusive For Anwar

Ku Li Tells Why Malay Support Will Remain Elusive For Anwar

papar berkaitan - pada 27/7/2024 - jumlah : 143 hits
The Umno veteran also admits that his party s alliance with PH would sink the Malay party Tengku Razaleigh Hamzah says Prime Minister Anwar Ibrahim will continue to suffer a deficit in Malay support as the base for his Pakatan Harapan coali...
Anwar Urges Irb To Boost Efficiency Prevent Tax Leakage Due To Corruption

Anwar Urges Irb To Boost Efficiency Prevent Tax Leakage Due To Corruption

papar berkaitan - pada 23/7/2024 - jumlah : 113 hits
Prime Minister Anwar Ibrahim wants the Inland Revenue Board to increase efficiency and eliminate corrupt practices that result in tax revenue leakage When opening the National Tax Conference 2024 in Kuala Lumpur today he said the IRB must e...
Political Will Needed To Rid Police Of Corruption Says Ex Eaic Commissioner

Political Will Needed To Rid Police Of Corruption Says Ex Eaic Commissioner

papar berkaitan - pada 28/7/2024 - jumlah : 143 hits
Former EAIC commissioner Leong May Chan said she had come across officers facing the possibility of the cold shoulder or being put in cold storage if they reject corruption PETALING JAYA The government needs political will to rid the police...
Pekan Umno Wants Party Leaders To Strive Hard To Obtain Justice For Najib

Pekan Umno Wants Party Leaders To Strive Hard To Obtain Justice For Najib

papar berkaitan - pada 22/7/2024 - jumlah : 201 hits
We urge the party s top leadership from president to supreme council members including cabinet ministers not to be only vocal but take proactive approaches to look at the justice Najib deserves within the country s law jurisdiction Umno lea...
No Plans For The Weekend Give Kalki 2898 Ad A Shot

No Plans For The Weekend Give Kalki 2898 Ad A Shot

papar berkaitan - pada 14/7/2024 - jumlah : 179 hits
The Indian movie industry has seen significant growth over the past few years producing films that cater to diverse audiences worldwide One such film currently showing in cinemas is Kalki 2898 AD As soon as it hit theatres on 27 June it cre...
Rafizi Ramli S Boss Muffin Has Gone Missing For 2 Days

Rafizi Ramli S Boss Muffin Has Gone Missing For 2 Days

papar berkaitan - pada 16/7/2024 - jumlah : 157 hits
Shut down the airports and train stations Economic Affairs Minister Rafizi Ramli s boss Muffin the cat has gone missing Muffin has been missing for two days A worried Rafizi said Muffin has never left home but somehow managed to climb out H...
Influencer Jason S Kaptac Visit Ends In Positive Outcome For All Future Customers

Influencer Jason S Kaptac Visit Ends In Positive Outcome For All Future Customers

papar berkaitan - pada 13/7/2024 - jumlah : 125 hits
Perhaps it is human nature that some people can t handle criticism They either retaliate by being sarcastic or defensive In the case of online food reviewer Jason Chen there have been several instances of his reviews attracting criticism ei...
Where Re Your Frogs Lokman Adam Pans Akmal For Being Abah S Spokesman

Where Re Your Frogs Lokman Adam Pans Akmal For Being Abah S Spokesman

papar berkaitan - pada 14/7/2024 - jumlah : 222 hits
Passing the Anti Party Hopping Act is not an effort in vain as the latter has claimed But what has been in vain is PN s refusal to make the legislation so tight that at the end of the day it came back to haunt Muhyiddin UMNO information dir...
Apply For Winn Strategies Playing Spaceman Slot Online

Apply For Winn Strategies Playing Spaceman Slot Online

papar berkaitan - pada 14/7/2024 - jumlah : 274 hits
Looking to enhance your chances of winning big while playing the Spaceman Slot online Here are some strategic tips to help you navigate through this exciting space themed game Familiarize yourself with the game s rules and paytable Understa...
Salam Dalam Salat Jenazah Sekali Atau Dua Kali

10 Praktik Keberlanjutan Yang Wajib Diterapkan Di Tahun 2025

Whatsapp Tak Lagi Sokong Peranti Android Lama Mulai 1 Januari 2025

Melawat Ke Sand Dunes Di Tottori Jepun

10 Perusahaan Rental Mobil Pontianak Resmi Update 2025

Nigeria Tragedi Rempuhan Sempena Agihan Makanan Pra Krismas Ragut 67 Nyawa

Helikopter Terhempas Di Hospital Di Turkiye Empat Maut

Pelajari Kesalahan Trader Pemula Untuk Persiapan Trading Profit Maksimal 2025


echo '';
5 Insiden Jalan Sesak Yang Berlaku Lebih 24 Jam Durasinya

Senarai Lagu Tugasan Konsert Minggu 6 Gegar Vaganza 2024 Musim 11

Keputusan Markah Peserta Konsert Minggu 5 Gegar Vaganza 2024 Musim 11

10 Filem Drama Seram Melayu Berhantu Terbaru 2024 2025 Mesti Tonton

One In A Million 2024 Senarai Peserta Juri Format Pemarkahan Hadiah Dan Segala Info Saksikan Live Di TV3 Malaysia Dan Tonton Calpis Soda OIAM


Hazama Hattan Black Hitam Manis Chord

Top Stock Traders In The World And Key Lessons From Their Success

Resipi Kuetiau Basah Seafood Yang Sedap Untuk Sarapan Atau Makan Malam

Tips Rumah Kekal Wangi

Senarai Kursus Tvet Institusi Tvet Di Malaysia

Pizza Parang Melaka Makanan Viral Yang Wajib Anda Cuba