• 22:28
  • Friday ,04 July 2014
العربية

Gas Prices: Who is the victim?

Magdy Malak

Article Of The Day

20:07

Saturday ,05 July 2014

Gas Prices: Who is the victim?

The latest decision from the Government, raising the gas prices, is a very sensitive decision, especially for the poor classes in the Egyptian community which are the majority. But at the same time we can not deny that a lot of rich people were using gas paying very low prices and were benefitting from the subsidiary system more than poor. 

 

 

So the community is now in a big dilemma: facing the anger of the poor people or getting more money from the wealthy to be able to decrease the deficit of the annual budget. 

 

 

The issue is why can’t the Government balance and satisfy poor people if that is the case?  Especially now that a rising gas price will definitely lead to rising the price of goods. That, in turn, will affect the low income classes. 

 

 

What is the solution then? I believe that the Government can solve this issue easily the way all rich countries solve it, through what they call “Tax back.” This means at the end of the fiscal year, you can go to the Government and fill out an application telling them about your annual salary and how much gas you used per year, and the Government should give them back some money according to their annual income. 

 

 

I believe this is the only way to protect the poor people because I don’t think that rich people will go to the Government and ask them to give back some of their money especially that the process is supposed to be very accurate of who will deserve to get some money back.