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Taxpayers Money

Economy 101: Bailout of RM10.3 Billion: Where is Your Dignity Now?

bailout

Whenever the Government announces huge bailouts, 2 things are certain on everyone’s mind:-

ONE: It does not matter if it is cash, guarantee or promises on paper, one way or another, at the end of the day, taxpayers will be forced to bear the cost of the bailout. Taxpayers money that could have been used more productively for development of the country now goes down the drain.

TWO: Not all of the board of directors, management and senior officers who mismanaged the company will be arrested, stripped naked of their assets and sent to jail for years. At the most, some of them may be asked to tender their resignation without any punishment and some of them will be transferred to another GLC. And since there is no severe punishment given, the incompetence and mismanagement continues.

Image source: The Edge (Billions lost in Felda, hundreds of millions of asset value vanished in Tabung Haji)

Read More »Economy 101: Bailout of RM10.3 Billion: Where is Your Dignity Now?

Economy 101: Wastage of Taxpayers Money, The Denials

taxpayers matrix no spoon

(Still, remember the “no spoon” scene in The Matrix? Do you understand the meaning of the scene? I had always thought of it as something not real and yet you see it with your own eyes. Same goes for wastage of taxpayers money. Image source: Matrix Fans)

Read More »Economy 101: Wastage of Taxpayers Money, The Denials

Blogging 101: News Snippets As At 15 May 2015

automated snippet

(News snippet – It is indeed a tragedy when an infant dies due to another road user who cared less of the safety of others but other than feeling sad & saying our condolences, what we are doing to ensure another person does not die in the same manner? Image source: the Net)

Read More »Blogging 101: News Snippets As At 15 May 2015