Actually, I am all for spend more and being taxed more. But just feel that the poor are suffering due to this tax (which they do not have to pay if it is the old system)
Where's old man lee when we need his views?
A better way to handle GST is to differentiate the consumer products into type A and type B, type A are all the basic consumables like rice, oil, sugar etc, while type B are all the non-basic consumables like cameras, fashion wears, dvds, then charge no GST for type A and charge high GST for type B. I am not sure whether it is implementable in Singapore but that would be a "fairer" system for the poor and disadvantage.
I remembered there was a bidding for a hawker stall. The orignal rent was only a few hundred but when it was opened for bidding, the bid went up to $5000 per stall and was even more later.... they do their calculations and they know what they are doing.
I was once at Bukit Timah... a stall selling cakes etc put up a notice. 'We had gone to USA for holiday for one month'
Singapore has relative low GST and relatively low income tax, but then you end up paying in different ways.
For GST, have a look compared to other countries ( http://en.wikipedia.org/wiki/Value_added_tax ), Singapore sits low at 7% with very few countries with GST lower than this.
Income tax rates as well, but in the end, you will pay all sorts of other things.
is 17 % , 10 % service charge when u are eating in a resturant when are u with your gf
to start with, are we taxing the earnings or spending?
if earnings, then 10% of a million n 10% of a thousand are both 10% of earnings,
its flat rate n a fair rate.
if spendings, then i'm puzzled why that should be the way.
old sin tax system bias towards the poor,
its switching towards the rich now.
i'd like to see a flat rate for all income,
GST only for non essentials(that includes wedding photography )
and a total do away with estate duties.
-people who usually earn more, they already have to pay more in income tax,
-they are subsidizing the poor with their contributions and
-they are helping the economy by spending.
u want to tax them more?
my suggestion is to tax the poor fairly to discourage them from staying poor.
help them to learn to stand on their own rather than treating them like beggars.
may i suggest too that Russell's 'in praise of idleness' as a course book for all?