The first thing we do, let's kill all the economists!

If you have been reading what people say about the recent fuel hike, you'll notice that most economists are in favour of the Govt's move. They feel that the eventual removal of subsidies is beneficial to us in the long term and subsidies are no longer sustainable. Though some feel the increase has been too drastic, others applauded the PM for doing a brave thing.

I wonder how many of these economists are struggling just to make ends meet even before the fuel hike. I'm sure they are affected like everybody else but I doubt they will really feel the pain. Honestly, I won't too because I hardly spend more than RM200 on petrol every month. Even then, that is being paid by my company. I may have to do away with a few luxuries if I want to maintain my current rate of saving and be financially free when I retire. But to really suffer, no. But I know a large segment of the rakyat will. A large segment which doesn't even own a car and hence will not benefit from the RM625 rebate. This is because everything else will go up.

Economic theories are only as good as the Government we get. For nearly 3 decades we have an irresponsible Govt. One that is corrupted. One that has treated the wealth of our nation as though it belongs to their grandfathers. One that is truly incompetent. Only trying to think of measures after the event. (I have very little confidence over whatever measure this incompetent Govt is going to take.) One that lied to its people. We were promised a better transportation system with the RM4 billion saved on the last fuel hike. Nothing materialized.

It's has been a while since I've been so angry. As I said earlier, not that I'm going to be adversely affected. I'm angry because I know many are going to be in dire straits whilst some who caused it will continue with their opulent lifestyle.

No wonder economics is a dismal science.

The only bright spot this dismal week was I sold my Tenaga shares after holding it for just over a month. The realized profit should be enough to cover my electricity bill for the next 6 months based on the new tariff.