2% increase in GST
I must revisit this issue as a secret to Singapore's success. The people really believe that the 2% increase in GST, from 5% to 7%, is to help the poor.
And I also believe this is true. Never mind the rising cost of everything. Help is on the way.
2 comments:
Actually the increase was from the original 3%.
It is now 7%, that means the TRUE increase of the GST is ~ 133%.
Yes, all taxes—regardless of what they are or what they are (supposedly) for, even if they are imposed on the "rich" (as "punishment"), hurt the poor the most.
But the argument that the GST increase is the help the poor is formulated by the rich and powerful.
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