The illusion of subsidising—Part II
I have many friends who once belonged to the middle class. They did not need state subsidies because they were able to live and afford education, healthcare, transportation, etc. for their children. However, the government’s decisions came against the wish of the people. Those friends turned from belonging to a “saving” class into classes that need different considerations.
One of them was working in the pharmaceutical sector. He used to import medicines and invested all his, as well as his wife, sister, and brother-in-law’s savings. His company shut its doors now and he does not know what kind of fate is awaiting him. My friend was responsible for 20 employees, some of which were the sole breadwinners of their families who may receive state subsidies, while my friend was not a burden to the state as he neither received subsidised commodities, enrolled in the state’s education system, nor complained about the high price of fuel. He is now in tatters and started to search for less expensive schools after his children’s school informed him that tuition fees will increase by more than 20%. He is also considering getting a food subsidy card and trying to be more economic in using his car. This is the situation of my friend, but how about those who were working for him? It is to be noted that the lowest salary in his company exceeded than EGP 2,000.