And maybe I repeat myself, why all the rebates? Why increase the price and take the money from right pocket and then put some back in the right pocket?
Why all the complexities?
A lot of the increases comes from daily expenses, like transport (bus fare, ERP) and utilities. These expenses have direct impact on the life of citizens. What is irritating is that these companies are not exactly facing immediately financial difficulties. Year in year out, record profits being registered.
If transport companies are making a lost because of rising cost (from oil) and after considerable cost cutting measures, they still can't keep themselves afloat, I think everybody will accept the price increase.
And this is what most citizens are gripping about - average citizens are lining the pockets of those directors/shareholders (and its easy to see the biggest shareholders are none other then our government). And so, it goes down to the rich gets richer and the poor gets poorer.
Then may I ask what was the Government message during the election? That they will move the nation together forward? Where is their so call promise to reduce the income gap? I fail to see how this nation is going forward TOGETHER. The income disparity is widening!
They are juicy the poor and then giving them back a part of it (through rebates and what have you). Is that helping them? I think by not juicing them would have been better. Is that too much to ask for?
To the construction worker, it is a lot of money.
Price of all thing is on the rise. e.g hawker just increase their intake by 20% or more e.g. from $2.50 to $3.00. They drive big cars and go for long holidays..one hawker put up a notice telling everybody that he is going for a month long holiday in the US with the whole family! Don't you think we should tax(GST) them for that $40,000 trip?
I do uderstand there are poor people in Singapore.
Do you know that a student who come from a poor family can get his or her education totally free and with extras?
He will get free text book, free uniform, no school fees, pocket money and transport allowance plus all the tuition he needs.
for GST no matter how rich or how poor oso will have pockets affected. just that with GST factored in, this group now have to pay more even if there is no increase in consumption.
No tax = no policeman, no army, no school, no teacher, no judge etc
I use to remember the heart attack when I open my income tax return each year to see how much I have to pay. Now, my income tax is alot less...or at least it does not give me anymore heart attack.
Like many other nations that have reached a certain level of affluency and evolved "taste" and embrace more sophisticated hobbies and buying habits....the problem is consumerism is at an all time high and still going up. What's with the constant blasting of credit card ads that keeps making you believe in spending and shadowing the dark part of owning money to banks, higher interest rate(then even GST if you have not notice..and recurring on a monthly basis) and how you future is always brighter and thus your income will always be on the up and up so...spend what you can as tomorrow you can earn more to pay back it all back blah blah blah......
This is one of the reasons that has cripple the financial market in the USA and now all over. If anyone is angry with the increase in GST, it might be a percentage of people who feel this is taking away money they could use for spending on aquiring more things. If you really spend on what you need and have a practice and truthful outlook on how much or little money you have to enjoy by what you earn to sustain a certain lifestyle, you find GST is really quite fair. You would not love or cheer for it for sure but it will be fair.
For those younger ones unlike an old bird like me, you folks might not have paid income tax the OLD WAY...if you have...you would not be grumbling about it. BUt hey..as Singaporean goes...aiya.,...sure to grumble and complain about it lah heheh...
Tax is fine... but a 2% point increase when times are bad and with a reported surplus? that is just sick.
Not to mention inflation is now very high not seen for many years and prices are hitting for the ceiling.
Since we're on the subject of tax..
Government owns Temasek Holdings
Temasek Holdings owns 54% of SMRT.
From SMRT website I see that they paid 7.75 cents of dividends in 2008, and has 1.5 billion outstanding shares.
Should the $63 million and change (54% * 1.5 billion * 7.75 cents) be considered a form of, or a disguised, tax?
Edit : note that I'm not talking about profit and money needed for capital replacement, maintenance and so on. This is money that the SMRT decided is "excess" and should go back to shareholders as a reward. I'm also not asking if it is right or wrong. Merely asking if it should be considered a form of tax like GST.
Last edited by lennyl; 21st October 2008 at 05:48 AM.
It seems that almost everything here is owned by the gov.
I am going to and fro in the earth, and from walking up and down in it.