Sibu MP Proposes New "High Income" Threshold: RM30,000

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Post on Oct 28, 2024

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Sibu MP's "High Income" Threshold: RM30,000 - Is It Too High?

The cost of living is on the rise, that's for sure. But does it justify a "high income" threshold of RM30,000? That's the question buzzing around after Sibu MP Oscar Ling proposed this whopping figure.

The Proposal and the Debate

Ling, a member of the DAP, has proposed a revised "high income" threshold in a bid to better reflect the current economic climate. His suggestion, a significant jump from the current RM10,000 mark, has sparked a fiery debate, with people across Malaysia sharing their opinions.

Arguments For and Against

Supporters of the proposal argue that it's long overdue. They cite the soaring prices of everything from groceries to petrol, claiming that RM10,000 is no longer a realistic indicator of "high income" for Malaysians. They also highlight the need to level the playing field for those earning higher salaries.

However, critics are quick to point out the potential downsides. They fear that raising the threshold could lead to higher taxes and a shrinking middle class. Some argue that it's simply not practical, given the current state of the economy.

Is It Realistic?

So, is RM30,000 a realistic figure for a "high income" threshold? It's a tough call. While the cost of living is definitely a factor, it's important to consider the impact on the economy and society as a whole.

The Bigger Picture

This proposal is a microcosm of a much larger debate about wealth inequality and social mobility in Malaysia. It's a conversation that needs to continue, with open minds and honest dialogue. Only then can we find a solution that works for everyone.