4/03/2008

Secrets to Singapore's success

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.
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2 comments:

  1. Ⓜatilah $ingapura⚠️April 03, 2008 12:38 pm

    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.

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  2. AnonymousApril 03, 2008 12:50 pm

    But the argument that the GST increase is the help the poor is formulated by the rich and powerful.

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