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The PTPTN issue...


I am pretty much happy with the new government but there are a few things that I don’t agree with one of their manifesto that has to be implemented immediately. My take on the PTPTN issue, well, if the government wants to give free education, if you are in a position to do it, by all means yes I am happy. But with the recent debt being made known to all being RM1 Trillion, I don’t think we should be moving that way yet. Giving a leeway for payment of PTPTN debt to individuals who are not able to pay is one thing but making it totally free is another. I am in agreement if they want to allow debt takers with a monthly pay lower than RM4k to pay later but what’s with the lift in immigration and CCRIS to all bad paymasters? If they can travel overseas on a holiday or for what ever reason, they can surely start paying back at least RM100 monthly.

There so much talk about the country’s debt but when it comes to getting off debts, so many are just so happy to just let go of their responsibilities. Even those earning lesser than RM4k, if you can take a holiday in the country, that means you can definitely start servicing your debt, don’t say you can’t afford it if you can, that’s just wrong.  PTPTN has issued Sukuk’s to fund the education of Malaysia’s and it is a government guaranteed debt, meaning if you default or decide to pay later and cause problems to their cash flows, the government will have to step it and pay it. So, are we really helping the government now by doing this? Its not the time to demand and feel entitled, just pay your debts and let the country manage the free education in time when it has the means to do it.

I just shared a post on this on FB and gotten some idiotic comments from some people who just feels entitled to everything and expects things to be handed out free by the government. Comparisons were made to other countries with free education, but compare them wisely, what are their tax rate? Is that country in a huge debt situation? Well the government has to earn their income from somewhere to clear up the mess that we are in, so try helping out by paying off our own debt. And if the government wants to just give away all this money, why don’t they pay those good paymasters what they have paid too, why reward the bad paymasters by letting them off their debts? To those free loaders and entitled people, remember that it was that debt taken that helped you get the education and help you earn a living now. Don’t just think of enjoying yourselves, help the country, think of the future generations and start paying up.

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