INDONESIA PASTI BANGKRUT !!! EKONOMI TAHUN INI TERBURUK!! KEGAGALAN TERBESAR JOKOWI - Mardigu Wowiek

Summary

The speaker critiques Indonesia's economic policies, highlighting the low tax ratio, government debt, and inefficient infrastructure projects. They argue that oligarchs benefit from minimal taxation, while the government relies on debt without focusing on productive sectors. The speaker contrasts Indonesia's approach with China and the U.S., emphasizing the importance of infrastructure that supports domestic industries. They advocate for using borrowed funds for productive projects, not wasteful spending on non-productive ventures like the National Capital City (IKN). The message urges a more efficient, localized approach to economic development and government spending.

Takeaways

• 😀 Oligarchs in Indonesia are heavily favored by the government, which minimizes taxes for the rich and large corporations as a form of reciprocity for political support.
• 😀 Indonesia's tax ratio is very low at 9.1% in 2021, one of the lowest in Southeast Asia, which prevents the country from meeting its public spending needs.
• 😀 The low tax ratio leads to budget deficits, where the government struggles to fund its expenditures, particularly in sectors that are not productive.
• 😀 Indonesia has been adopting a debt policy based on the country's ability to borrow, not on its ability to repay, leading to unsustainable borrowing practices.
• 😀 The speaker uses the metaphor of a house to explain debt: borrowing up to 70% of the house's value is acceptable if the debt is used productively, such as for income-generating investments.
• 😀 Borrowing for non-productive, consumptive purposes (such as luxury goods or unnecessary infrastructure projects) only worsens the financial situation.
• 😀 Effective borrowing should focus on funding productive infrastructure that generates revenue and is self-sustaining, as seen in the U.S. and China in the past.
• 😀 The speaker criticizes Indonesia's focus on building non-productive infrastructure, such as toll roads, which do not provide a long-term economic return for the nation.
• 😀 Large-scale infrastructure projects, like the National Capital City (IKN) project, are seen as unproductive and a misuse of public funds.
• 😀 The speaker calls for a shift in Indonesia's fiscal policies, urging the government to focus on productive sectors and use public funds more efficiently, avoiding projects that primarily benefit a few powerful groups.

Q & A

What is the main issue highlighted in the script regarding Indonesia's economy?

The script focuses on how Indonesia's government policies favor oligarchs, which has led to a low tax ratio of 9.1% in 2021, the lowest in Southeast Asia. This low tax ratio hampers the government's ability to meet its budgetary needs and leads to inefficient spending.

How does the script describe the relationship between the government and oligarchs?

The script suggests that the Indonesian government favors oligarchs due to their support in gaining political power. In return, the government minimizes taxes for the wealthy and corporations, perpetuating an oligarchic system.

What impact does the low tax ratio have on Indonesia's economy?

A low tax ratio means the government struggles to generate sufficient revenue, which results in the inability to fund productive sectors adequately. This leads to high levels of government debt and inefficient public spending.

How does the script explain the government's debt policies since 2014?

The script explains that since 2014, Indonesia has adopted a debt policy based on the country's borrowing capacity, rather than its ability to repay. This has led to the accumulation of large amounts of debt that are not always used for productive purposes.

What analogy is used in the script to explain debt management?

The script uses an analogy of an individual borrowing money to explain debt management. It compares productive debt (used to increase income) and consumptive debt (used for non-essential expenses like luxury purchases).

What is the significance of Indonesia's geographical position according to the script?

Indonesia's location is described as strategic, being between ASEAN countries, two oceans, and neighboring wealthier nations like Australia and New Zealand. This position is considered ideal for economic growth and development.

What does the script suggest about the use of public funds in building infrastructure?

The script argues that infrastructure should be built using public funds only if it is productive. It criticizes the government's use of debt to finance projects that do not generate sufficient returns or economic activity.

How does the script critique the government’s infrastructure projects?

The script criticizes the government's infrastructure projects, such as the development of new roads, claiming that they are not designed to stimulate local production or long-term economic growth. It suggests that these projects often benefit foreign businesses instead.

What historical examples does the script refer to regarding infrastructure building?

The script mentions China in the 1990s and the United States from the 1930s to the 1950s as examples of countries that built infrastructure with the aim of stimulating domestic production and creating demand for local goods, such as cars and industrial products.

What is the script's view on Indonesia’s use of debt to fund infrastructure projects?

The script criticizes Indonesia's use of debt for infrastructure projects, arguing that much of it is not used for productive purposes. Instead, it claims that these projects primarily serve foreign interests and do not benefit the Indonesian people.