PRIME Minister Tan Sri Muhyiddin Yassin’s strong declaration to continue the public policy commitment towards Shared Prosperity Vision 2030, “‘We should prosper together’” (The Star, Sept 30), will be heartily welcomed by all Malaysians, particularly the bottom 40% of households.
SPV 2030, which aims to restructure the economy and correct income and wealth disparities, is a much needed medium- to long-term plan, as history clearly shows income and wealth disparities can and have led to social instability.
A 2018 report noted that the gap in real average income between the top 20% households (T20) and the middle 40% and bottom 40% had almost doubled compared to two decades ago. Hence, the government’s SPV 2030 to bridge the rich-poor gap is vital to move Malaysia forward as a harmonious, united and peaceful nation.
Having the wisdom to recognise the need for reforms, as proposed in the SPV 2030 vision, is one thing. Ultimately, it is having strong political courage, determination and strong will coupled with the right policies to push through the critical needs-based policies.
While the PM rightly pointed out that policies in the SPV 2030 would not solve all the problems of the country, on the economic and social front at least, it could help overcome a lot of inequalities in the community.
Right-thinking Malaysians will pray and hope that our current and future administration will steadfastly focus on formulating and implementing appropriate, fair and reasonable policies so that the ideals of the SPV 2030 may be achieved.
SZE LOONG STEVE NGEOW
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