what to do with 2% gst?
What to do with the 2% GST? I was planning what I want to do with my little fortune that the govt is going to give out to help me tie over this difficult period when my income is going down and down while others are going up and up. You see, I also suffer from this widening of income gap and is feeling the pinch just like the 80% of Singaporeans. So I thought if only the govt can give me $3000...you know what I will do with it? I will buy an annual IR membership. Look, this $3000 entrance fee is only applicable to Singaporeans. I think this is uniquely Singapore and the IR owners will be laughing all the way to the bank and not knowing what to do with this windfall. They have to return the money to the people in some ways. What I think they might do is that with this membership, the member will be allow to eat all the food they want from the resort, not necessarily from the casinos. So the member can feed himself with breakfast, brunch, lunch, tea, hi tea, dinner, supper, pre breakfast breakfast, 24 hours a day. He could literally live there and food all taken care of. And that is what I would want to do. $3000 is less than $300 a month, which I reckon will be the pocket money my children will give me to spend. Now if the govt can use the GST to buy every Singaporean an IR membership ticket, it is like providing them with free meals throughout the year, and very good food too. And no need to sweat in the hawker centres. Now this will be the best meal ticket the govt can give to the people. Ok the IR may be 3 to 5 years down the road. Better still, the govt can accumulate this money for the people and put it in their CPF temporarily. And then make it a life time meal ticket for all Singaporeans, every year. And Singaporeans should not complain that the govt will keep the money for another few years. After all they are used to their CPF money being kept for them till 55 and then 62. But this one is money from the taxes, not from their salary. I somehow started to believe that I am a gee..nius! Now you see why I call this GST a Wonder Drug! Think of all the advantageous, IR packed with Singaporeans and a $6 billion revenue. Could be slightly lower if rates for children can be halved or free. And all Singaporeans well fed and spending their holidays everyday in the IR. It will really become a paradise for Singaporeans.