BFM Podcast
Increasing the Retirement Age
Dr. Shankaran Nambiar, Senior Research Fellow, Malaysian Institute of Economic Research
03-Sep-19 17:00
The Malaysian Trades Union Congress (MTUC) wants the government to raise our retirement age from 60 to 65. We explore the arguments for and against this proposal.
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Discussions
Be the first to like this. Showing 6 of 6 comments
Bro your ideas would make most of the salary earner's life more difficult..
2019-09-04 11:07
Not at all! You need to widen your vision beyond the myopic "salary" parameter.
2019-09-04 11:33
i agree with this but it will never happen because home loan is how debt is created
DickyMe There are already too many laidback and deadwoods in government service. It is a selfish proposal to stay on the job to draw salary at the expense of tax payers and block employment.
The real truth is, too many are stuck with huge home loans and cannot pay the installment. It is high time, government put brakes on ut home loans otherwise, sub prime crisis will kill off the economy.
Government should draft new bank loan procedure.
1) Buyers should cough out 30% of deposit.
2) Bank loans should be limited to maximum 20 years.
3) Increase real estate gain tax to 60%.
4) Create a database of home owners to trace the family tree and the number of
houses owned, nationwide.
Yes, this will kill real estate industry. That is good! It will ward of speculation and floor home price. Multiple home owners can be identified and tax till their balls crack.
2019-10-09 17:47
Why create DEBT to cause misery? An economy thriving on DEBT creation is a cesspool for criminals not leaders.
2019-10-09 17:51
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DickyMe
There are already too many laidback and deadwoods in government service. It is a selfish proposal to stay on the job to draw salary at the expense of tax payers and block employment.
The real truth is, too many are stuck with huge home loans and cannot pay the installment. It is high time, government put brakes on ut home loans otherwise, sub prime crisis will kill off the economy.
Government should draft new bank loan procedure.
1) Buyers should cough out 30% of deposit.
2) Bank loans should be limited to maximum 20 years.
3) Increase real estate gain tax to 60%.
4) Create a database of home owners to trace the family tree and the number of
houses owned, nationwide.
Yes, this will kill real estate industry. That is good! It will ward of speculation and floor home price. Multiple home owners can be identified and tax till their balls crack.
2019-09-04 11:01