Malaysiakini reports that the Selangor State Government aims to forge a ‘communitarian economy' that would benefit the people of Selangor (see http://www.malaysiakini.com/news/84359).
The purpose of communitarian economy was to lessen the people's burden, especially in the aftermath of the dramatic fuel price hike last week. The communitarian economy, he said, would include setting up of funds for people below the age of 18 and also funds for the state natural sources. Nik Nazmi also said that the state government would aim to set up funds from "newborn-babies to the elderly".
I am waiting to see the funding plan for this before commenting on it. Is the Selangor Government planning a state sovereign wealth fund for this? The source of funds is a key issue here. Where will the funds come from?