MY NEW BLOG: The Ciudadista: Life in the City

Wednesday, October 06, 2004

Equal distribution of wealth

Mahathir: Share wealth first before growing business -

Former Malaysian Prime Minister Dr. Mahatir Mohamad visited the Philippines. In his latest speaking engagement during the 30th Philippine Business Conference he proclaimed that there must be "equal distribution of wealth before business growth."


To me Dr. Mahatir's beliefs are socialist which I do not have a problem. I commend his efforts to improve Malaysia's economy.

I do have some questions with his "doctrine." Would lesser or almost zero taxes for the poor discourage them to create and have more wealth? Why must the rich have to be taxed heavily if they big spending power which drives the economy? Why must the rich be taxed heavily of they are also businessmen who generate jobs?
