Wednesday, September 21, 2016

The Millionaires of Malaysia

I wonder how many millionaires and billionaires there are now in Malaysia. Millionaires grow like mushroom after a rainstorm with politicians swarming the field which before was the territory  of the business tycoons and magnates. The latter make their millions through business and trading, manufacturing, providing services, playing the stock market etc. The former just play with words and influence over people, get elected or selected to hold a public office, then play "monopoly" with the national assets and wealth.

There is no doubt that all prominent politicians from the political parties in power in Malaysia  today, are rich and belong to the millionaire group. Even billionaires, although they have no business empire to talk about. Their business is just politics  and "politicking". Once they fall out from the corridor of power for whatever reason such as "a disagreement with the boss",  "backing the wrong horse", or "considered disloyal", they will be out on the street like the common citizen. Of course, some had already made their pile and can enjoy life in luxury.

I'm persuaded to believe that these rich politicians are the ones who make Malaysians as a people appear rich and prosperous, while the working class of Malaysians are really struggling to maintain a middle-class style of living. Let alone the farmers, fishermen, and odd-jobbers who form the poverty-prone group.The business magnates and tycoons are easily identifiable and their assets well-known. It's the rich politicians, some with no obvious source of income, who don't grumble over the high cost of living, rising prices of consumer goods and services, rising taxes, charges and rates over many things,  that worry the common man in the street. Some prominent ones even refuse to declare their assets. A distinct group of well-to-do politicians that have emerged in Malaysia today are the "dedak" (chicken feed) receivers". They are reputed to receive millions from their billionaire Master.

So, why worry when there are thousands of millionaires (and billionaires) in Malaysia? We are a rich nation then. Why worry if the national debt is more than half of the country's income? The worry is that
the rich politicians are not helping to increase the assets of the country but draining them. How?  You are a damn good citizen if you don't know and better if you don't care. When people get rich without working their ass out, some downtrodden folks are doing the work for them, and paying the debt they create. One day the assets of the nation will be drained and you have to sell the country to the wealthy
business magnates and tycoons.

And the rich politicians? They have to flee or the tortured and hungry citizens will come after their necks. Let's hope this won't happen in Malaysia.      

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