WILL the Assistive Basic Income (ABI) scheme, as proposed by Barisan Nasional (BN) in its manifesto for the 15th general election, really “help” the poor as intended? Or is it a hastily crafted promise, made for political expediency, that is structurally flawed and, worse, would end up hurting the economy?
The mechanics of the ABI are simple (as we understand it, since no further clarity has been offered). Under the scheme, the government will “top up” the monthly income for all households to at least RM2,208. For instance, if your current household income is RM1,500, you will receive an automatic […]
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