The real agenda behind Najib economic stimulus EPF reduction

The government of Malaysia (specifically najib razak the country's deputy prime minister) which recently swap ministry with the prime minister abdullah announced econommic stimulus plan of RM7bil... we know the details of where the RM7 bil were allocated but I'm not going to talk about the details of those. Not because they make sense but I'm interested to bring up the evil plan pertaining to the EPF reduction from 11% down to 8%.

First of all have you ever ask these questions
1) Why the gov wants this reduction to be done?
2) Why made them compulsory?

Well, today I'll tell you why.... the concept is simple but rather subtle for those who never really thought about it.
Here're the reasons...
Malaysians get to deduct RM6k from taxable income for contributing to EPF and purchasing insurance.... now with lesser EPF contribution of 8%, the people of this country who falls into the income group which cannot maximize the RM6k deduction in the taxable income will be taxed more compared to having 11% EPF contribution. Less deductables more taxable income... as simple as that.

On top of that those people who are affected by the above stand to lose more if they happen to be marginally standing in a particular tax bracket.
let say e.g. taxable income of <= 50k will be taxed with 24% the extra will be taxed 27%. Now with the increase in taxable income, someone who happens to have a taxable income of 49,800 may now likely to shoot past RM50k due to the lesser EPF deductables. therefore these people will be taxed with higher tax bracket of 27%... So effectively, what is the impact? people of lower income groups will be having far lesser savings for the old age when they retire and at the same time the government will take a portion of their 3% as tax and hope the people will spend the money away to "boost" the economy. Who stand to gain? the people or the gov (which in this case is Barisan National)? It's obviously the gov! they earn a net income in increase tax Who stand to lose? The lower income group and the poor on the street.. Who's idea? Najib . Now you tell me why would any sane individual would want to vote for such a government?
In times of difficulty like this economic crisis which Obama claims is of historic proportion, the government of Malaysia is stealing from its people (specifically the poor ones)?!?
Instead of helping the people of Malaysia who voted them into power, this ungrateful government is using the economic crisis to cash in...

What an evil plan.... who ever approves this plan is very evil indeed.

My comment: If the Malaysian gov really wants to help the people ride out this difficult time, they should just do a tax rebate.... that would surely boost the economy... consumers are the fundamental driver of the country's economy.... it's a no brainer.