I refer to the headlines Review bumi equity calculations, gov't told .
First of all, equity shareholding is not the sole indicator of wealth. There is actually no scientific method of assessing wealth. Even taxes paid and properties owned only offer a guideline. Tax computations are dependant on individual honesty. For example, a fried rice seller who sells 450 plates a day may say he only sells 150.
Also, the Malaysian government is not privy to assets owned by Malaysians overseas. A businessman who rents an apartment in Malaysia may own a A$150,000 house in Australia. So, how are we actually going to compare wealth?
The answer is - you cannot. The solution is to forget about racial comparisons. Implement economic policies that will benefit all those of the lower-income groups, irrespective of race.
- There must be minimum wage legislation. No more paying employees of Malaysian nationality ridiculous salaries such as below RM700 a month.
I believe that poverty can be eradicated and bickering about who is richer is only a waste of time. Comparing who is richer is an impossibility but identifying the poor who genuinely need help is all too obvious.