Does T20, M40, B40 Classification Reflect Reality?

Dr Geoffrey Williams, Economist, Malaysia University of Science and Technology

15-Jun-23 15:00

Does T20, M40, B40 Classification Reflect Reality?

Pause
Embed

We’ve all probably come across the term T20, M40 and B40. We’ve probably said “T20” in reference to the rich. But does this classification system accurately reflect financial realities on the ground and the imagination of the masses? Does it help the government provide subsidies to the right groups? The short answer is, not quite.

This is one of the reasons why Minister of Economy, Rafizi Ramli has announced the government’s intention to move away from the current classification system of household income towards ‘household net disposable income’.

We discuss this with Dr Geoffrey Williams, Economist, Malaysia University of Science and Technology.

Produced by: Dashran Yohan

Presented by: Dashran Yohan

This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories: government, economy

Tags: income classification, t20, household income, disposable income, tax the rich,

Today’s Shows

11:00 AM

Best of Enterprise

(REPEAT) In a global debt market of over $100 trillion, the Shariah-compliant Sukuk market has just crossed its own major milestone: $1 trillion. But what exactly are these Islamic financial instruments, how do they differ from conventional debt, and what's driving their rapid growth? Bashar Al Natoor, Global Head of Islamic Finance at Fitch Ratings, joins us to get into all this and more.

12:00 PM

Popcorn Culture

(REPEAT) In the spirit of Merdeka and Malaysia Day, we review three local short films and then on Take 2 go through your favourite Malaysian movies.

1:00 PM

Cruise Control

(REPEAT) It's a review of the new, competitively-priced BYD Atto 2 in this week's episode. Tune in to hear Daniel's thoughts on this car.

2:00 PM

Matt-Splained

(REPEAT) Today, Rich Bradbury and Matt Armitage pose the most explosive question of all and ask: AI, ya basic?

3:00 PM

Earth Matters

(REPEAT) We speak to Dr. Non Arkaraprasertkul, Senior Expert at Thailand’s Digital Economy Promotion Agency, about his work on smart city projects across ASEAN and how technology, policy, and people’s needs can create greener, more livable cities.

4:00 PM

Bar None

(REPEAT) A local football agent joins us in this episode to talk about his world and what goes around in it. Is it as glamorous as it seems?

5:00 PM

BBC World Service

This episode of The Conversation features two women who are managing orchestras in Hungary and the UK.

PROGRAMMES