Saturday, October 4, 2014

RON95, Subsidies And Price Rationalisation: Deign And Dangle?

As an ignorant small fart, I am always flummoxed by such big, grand sounding and intimidating words and phrases like 'subsidies' and 'price rationalisation'

The dUMNo led government tells us that they have been magnanimously subsidising the petrol we use to the tune of billions of Ringgit each year, something they cannot afford to (but why not?)

What puzzles me is that whatever funds the government uses as 'subsidy' really belong to the people, for the government has no money that is its own to speak of. Whatever funds it has, have come from the rakyat in one form or another and the natural resources that belong to the nation.

So in effect, the people are the ones 'subsidising' themselves.

But of course to hide its incompetent management of the country's wealth and finances and its economy, it is nice to hide behind the front of 'subsidy' or 'price rationalisation.' That renders any effort to deconstruct their real meaning that much more intimidating if not obtuse, or wholly unpatriotic.

As a net oil exporting nation, when the price of oil goes up, it should mean that we are making more money and in consequence the price of petrol should be lowered for long suffering Bolehlanders. However, petrol price goes up too in tandem. When the international price of oil goes down, inexplicably, petrol price also goes up in an upward trajectory. So, no matter what the movement of the international price of oil, the price of petrol for Bolehlanders is always UP, UP and UP.

That is the nice thing about 'subsidy' and 'price rationalisation' for Bolehlanders, because someone is not telling the truth nor giving us the WHOLE picture.

Equally, if not more puzzling is that voters continue to buy the empty promises and sweet talks of the dUMNo led government that petrol price will not be increased willy-nilly, if at all, Then, when the price of petrol is raised and the cost of living rises, they grumble and complain. Then afterwards, they go back to believing in the empty promises and sweet election talks and vote for more misery.

Masochism has no better companion than the Bolehlkand voter, long fed on dUMNo's designer diet of deign and dangle.

Haha...till the next price revision, upwards!

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