TOMORROW, we will have a new Finance Minister, and my hope is that he is not as daft as the last few Finance Minister's we have had, who keep looking at taxation as the main way we can reduce the national debt which stands just above RM1 trillion.
WHAT if I told you that there are workable, and practical and proven ways to not only reduce the national debt but also to turn our deficit position into a surplus, without even raising the tax or even implementing a new tax structure such as the GST.
That's the way your story goes
You can win if you wantIf you want it, you will winOn your way you will see that life is more than fantasy
AND what if I told that none of what I am going to lay down below had never ever been brought to the attention of Parliament, because our Finance Minister's rarely think outside the box.
MY plan is not perfect, and indeed it will need a lot of tweaking, but HERE is the rough cut on how you can raise up to RM1.3 trillion, without burdening the people :
1) PLACE all the Government buildings in Putrajaya into one giant real estate investment trust and float it on the stock exchange. (Can Raise RM1 trillion ringgit from this exercise alone).
2) MALAYSIA has only 28 years of proven oil reserves. It is time to list Petronas, our only Fortune 500 company on the New York Stock Exchange. Even at a discount, a 40 per cent stake sale, will provide Malaysia with a cool RM300 billion in cash.
