"High Income" At RM30,000? Sibu MP's Call For Change

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Post on Oct 28, 2024

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"High Income" at RM30,000? Sibu MP's Call for Change Sparks Debate

Let's be real, folks. The cost of living is skyrocketing. Groceries, petrol, and even that cup of kopi you grab on your way to work – everything's getting more expensive. So, when the Sibu MP, Oscar Ling, said that RM30,000 a month is "high income" – well, that sparked a whole lotta debate.

Ling's statement came in response to a survey by the Malaysian Institute of Economic Research (MIER) that said households earning less than RM30,000 a month are considered "low-income." The MP said that this definition is "out of touch with reality" and doesn't reflect the struggles of everyday Malaysians. He's got a point, right? Even with a decent salary, you're still feeling the pinch.

The Reality Check: High Income vs. High Cost of Living

The thing is, RM30,000 might seem like a lot of money, but when you consider the rising costs of things like education, healthcare, and housing, it's not exactly a luxury. Think about it:

• Housing: Rent in major cities is sky high. Even a small apartment can easily set you back a significant chunk of your income.
• Education: Private school fees, tuition, and extra-curricular activities – it all adds up.
• Healthcare: Private medical insurance and out-of-pocket expenses can be a major burden.
• Other Essential Expenses: Food, transport, utilities – these everyday expenses add up quickly.

Why This Matters: The Need for a Realistic Definition

So, what's the big deal about a definition, you ask? Well, it's more than just semantics. A realistic definition of "high income" is crucial for:

• Targeted Assistance: Government policies and assistance programs can be better targeted to those who truly need it.
• Economic Planning: Understanding income distribution is vital for policy makers to make informed decisions about economic growth and development.
• Fairness and Equity: A more accurate understanding of income levels helps ensure that everyone has a fair shot at a decent standard of living.

Moving Forward: A Need for Change

Ling's call for a change in the definition of "high income" is a timely one. It's a reminder that we need to look beyond the numbers and consider the real-life experiences of Malaysians. Maybe it's time for a new, more realistic definition of "high income" that reflects the rising cost of living and the struggles of ordinary folks. After all, a good standard of living shouldn't be a privilege reserved for the few, but a right enjoyed by all.