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Thread: GST up to 7%

  1. #81

    Default Re: GST up to 7%

    "Adding that the GST increase would help finance enhanced social safety nets to help this group, Mr Lee said it was better to raise the GST when the economy was doing well."

    Does he mean "social safety net" in the form of Progress Packages?
    and I thought our government was all about everyone taking care of themselves...hrm I wonder what the NGOs think about this
    This makes our GST nearly on par with some US cities including New York...8.3%

  2. #82
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    Default Re: GST up to 7%

    Quote Originally Posted by mattlock View Post
    "Adding that the GST increase would help finance enhanced social safety nets to help this group, Mr Lee said it was better to raise the GST when the economy was doing well."

    Does he mean "social safety net" in the form of Progress Packages?
    and I thought our government was all about everyone taking care of themselves...hrm I wonder what the NGOs think about this
    This makes our GST nearly on par with some US cities including New York...8.3%
    USA got give money to jobless people leh ! they got free food at certain places...

  3. #83

    Default Re: GST up to 7%

    shld i feel lucky to hv a 10% pay raise by moving my choice of career? in a sense dat my increase in salary is more than increase in gst?

    WTF

    i realli need to stay at home more & less shopping liao

  4. #84

    Default Re: GST up to 7%

    NATO NATO...No Action Talk Only..

    Time for everyone to understand that unless taking positive actions yourselves, the situation will remain or deteriorate.

    After 10%, there's always 15% and 20%...so either be prepared for it or beat the ruling party in Election.
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  5. #85
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    Default Re: GST up to 7%

    Quote Originally Posted by trifusion View Post
    I believe this thread should be moving towards the directions of "lets rant and rave, but at the end of the day, [strike]swallow hard[/strike] accept it".
    We, the citizens of Singapore, pledge ourselves as one, [strike]helpless[/strike] united people...
    We shouldnt swallow it !!!

    Dam it, its those 66.6% that caused this... they are still sleeping!
    09 Oct 09 officially marks the date I become a canon convert.

  6. #86

    Smile Re: GST up to 7%

    i think he is referring to more than the progress package.

    Quote Originally Posted by mattlock View Post
    "Adding that the GST increase would help finance enhanced social safety nets to help this group, Mr Lee said it was better to raise the GST when the economy was doing well."

    Does he mean "social safety net" in the form of Progress Packages?
    and I thought our government was all about everyone taking care of themselves...hrm I wonder what the NGOs think about this
    This makes our GST nearly on par with some US cities including New York...8.3%

  7. #87
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    Default Re: GST up to 7%

    Quote Originally Posted by pai View Post
    the direct effect of GST increase is felt the most by the poor because they spend the largest part of their income on necessities.

    but the govt says it will use the GST money to pay for safety nets for the poor. so i guess what it means is that the ones that will be most squeezed at the end of the day are the middle-income folks.
    well said!

    in a hypothetical country X, of population 4.49million and gdp usd28,600.
    the garmen of country X recently increased the VAT by 2%.
    assuming a small family of total income $2000 and they spend, say $1000 on food and necessities, it means $70 on VAT per month versus current $50 and therefore a a difference of $20x12=$240/- per year.

    assuming 10% of the population is 'lower income' (hypothetically speaking). then it needs an extra budget of 4.49million x 10% x $240 = $107.76 mio.
    assuming this is borned by the whole population, which is = $24 per capita per year.

    GDP per capita is = $44,330
    let's say all spend half the GDP per capita, =$22,165 (conservatively speaking. consumption per year), but some will spend more and some will spend less.
    $24/$22,165 = 0.108%
    if the population spend more of the gdp, then the percentage will be even lower.
    yet gst is increased by 2%!! (nearly 20 times the needed budget).

    can deduce that 'garmen X' may give $22,165 x 2% per year to offset the lower income group?
    don't think so..

    this is only simple math, an approximation that is simple enough for the common man to understand simple economics.
    pls correct if there is a better way to understand the impact and the implications.
    Last edited by nikkie; 13th November 2006 at 10:34 PM.

  8. #88

    Default Re: GST up to 7%

    P a p really smart. they know we can do nothing. so no choice about the NATO, the government will always create a scenario where citizens can only NATO and not disturb their plans. if you dun NATO but "got action and talk", be prepared to go bankrupt.

  9. #89

    Default Re: GST up to 7%

    Quote Originally Posted by kcuf2 View Post
    Thanks to the 66.6% "clever singaporeans". All thanks to u, now we got to pay 7%.

    THANKS A LOT. I HOPE TO MEET any of the 66.6% and CONGRATULATE ur choice. THANKS A LOT.

    HAVE U ALL WAKE UP UR FREAKING MIND????
    WAKE UP UR IDEA 66.6% !!!

    Now dun anyhow tick .. wrong box only .......

  10. #90
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    Default Re: GST up to 7%

    shh... do u know " Clubsnap " was being mentioned during Rally Speech before ? shh...

  11. #91
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    Default Re: GST up to 7%

    Aiyoh, you guys never expect this meh? After so many five years term, we are still ignorant!???? hahahahah..........

    Lets give a big clap to the majority for a wise choice, well done..... another 4 years to go, hope we dun forget (which we often forgets) what happen. But like they say, history will repeat itself..............hahhahah............

  12. #92

    Default Re: GST up to 7%

    [QUOTE=raincool2005;2609655]shh... do u know " Clubsnap " was being mentioned during Rally Speech before ? shh... [QUOTE]



    cheers to p a p!!! equality to all!!!!

  13. #93

    Default Re: GST up to 7%

    Quote Originally Posted by smalltake View Post
    Aiyoh, you guys never expect this meh? After so many five years term, we are still ignorant!???? hahahahah..........

    Lets give a big clap to the majority for a wise choice, well done..... another 4 years to go, hope we dun forget (which we often forgets) what happen. But like they say, history will repeat itself..............hahhahah............
    Yep! That's what happens! Remember the taxi issue? How many of you actually care of it now?

  14. #94

    Default Re: GST up to 7%

    Quote Originally Posted by kcuf2 View Post
    Thanks to the 66.6% "clever singaporeans". All thanks to u, now we got to pay 7%.

    THANKS A LOT. I HOPE TO MEET any of the 66.6% and CONGRATULATE ur choice. THANKS A LOT.

    HAVE U ALL WAKE UP UR FREAKING MIND????
    WAKE UP UR IDEA 66.6% !!!
    same thing on my mind too

  15. #95
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    Default Re: GST up to 7%

    no wonder people dun want to get married.. nor have babies.. they rather worked because they had no choice !! bills are getting bigger. Stress kicks in.. body and mind fall sick.. worse because medical bills also come.

  16. #96

    Default Re: GST up to 7%

    Quote Originally Posted by satay16 View Post
    P a p really smart. they know we can do nothing. so no choice about the NATO, the government will always create a scenario where citizens can only NATO and not disturb their plans. if you dun NATO but "got action and talk", be prepared to go bankrupt.
    No one say must go against policies mah...

    A lot of CSers can "offset" the GST by photography income... provided they dun pay to shoot.
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  17. #97
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    Default Re: GST up to 7%

    Quote Originally Posted by smalltake View Post
    Aiyoh, you guys never expect this meh? After so many five years term, we are still ignorant!???? hahahahah..........

    Lets give a big clap to the majority for a wise choice, well done..... another 4 years to go, hope we dun forget (which we often forgets) what happen. But like they say, history will repeat itself..............hahhahah............
    Remember Remember... the next coming election...

    we need V...
    Logging Off. "You have 2,631 messages stored, of a total 400 allowed." don't PM me.

  18. #98

    Default Re: GST up to 7%

    Quote Originally Posted by smalltake View Post
    Aiyoh, you guys never expect this meh? After so many five years term, we are still ignorant!???? hahahahah..........

    Lets give a big clap to the majority for a wise choice, well done..... another 4 years to go, hope we dun forget (which we often forgets) what happen. But like they say, history will repeat itself..............hahhahah............

    Aiya, sinkies always very forgetful one lah! Memory only last for 4 yrs plus.... You see...now ppl all jump into the property liao, and they forget what happened almost 10yrs and 20yrs back where the property crash! See......the time is ticking liao!

    I'm keeping all my money for now and wait for the next crash.....then I'll scoop the "crash" stock in the stock market and just wait!!

    Thank you to the 66.6% Folks!!

  19. #99
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    Default Re: GST up to 7%

    Quote Originally Posted by Reno View Post
    soon.... the price of chicken rice, drinks, bah chor mee, mee siam all up price..... time to work harder and harder.....
    hmm... sound familiar.. !

  20. #100
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    Default Re: GST up to 7%

    In one of the GE06 rallies, one minister dared to ask the wayang party if they had any solutions to bring cost down - a loaf of bread, a cup of coffee.

    Today, he must have had a slap on his face .


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