The idea to raise this fund is to create a job making entity to allows minor to earn their own living and experience the use of renowned gadget.
The entity would reward the minor for any task beyond their responsibility such as cleaning the living place, reducing pollutant or being a helper to the person who needs them which are usually unpaid.
By giving incentives to the minor in such way, they could gain experience to earn income and understand the difficulties of their parent.
Not only the entities will allows minor to earn their living, we would also create a platform for their investment.
The ultimate goal of all these is to create as much as we could, the young entrepreneurs to be financially available and tonnes of experience at the age of majority.
Any person below the age 18 is a minor in Malaysian context.
A minor with sufficient income is subject to income tax. This could be seen in the case of a 3 years old toddler, Lara Alana. However, the parent are the administrator as they shot the video and posted them online to get her famous.
The vast majority of the minor were funded by their parent and are seems as a financial burden for their primary needs. The opportunity gate to success was closed as their parent did not provide or not affordable to get the "tools".
Although business are welcoming for minor to work for them due to the low wages, the law prohibit such practice. Even with the exception of some premise to allow minor to "help" in their business for an "allowance", such case are rare and not a feasible one as there are still unfair cases.