Do you feel that the 8% and 9% GST are badly planned?

[default]

Well hopefully they have a GE this year when public dissent for the government is at an all-time high thanks to the scandals and SimplyGo, then maybe my GRC can go to WP.

not sure when they will view ground as sweet. My bet is either towards end of year. Or early next year... since no other timing left. Next mid yr? Like too near to ndp 2025

[ABCDFinanceGuy]

i think for the immediate term dont need much policing nor moderation tbh.

Coz its less than 100 people for now. Roughly 30 only?

ya true that. Not many people posting here.

Maybe when got more than 100 liao then you consider having some mods here bah.

[ABCDFinanceGuy]

not sure when they will view ground as sweet. My bet is either towards end of year. Or early next year... since no other timing left. Next mid yr? Like too near to ndp 2025

I wish i knew the answer to this lol. I don't even know what the government is thinking.

[ace]

It's to help the poors
which poors?
those that become poor after the GST was raised.

[ace]

They planned it well
and didn't care what the people think.

[default]

seems like a lot of people say badly planned and more needs to be done to help even middle and lower class

but at the same time will this even translate into lost votes or are sinkies doomed to be boiled frogs?

[ABCDFinanceGuy]

seems like a lot of people say badly planned and more needs to be done to help even middle and lower class

but at the same time will this even translate into lost votes or are sinkies doomed to be boiled frogs?

Half of me thinks that Sinkies are slowly waking up because of PAP losing a GRC in the previous GE.

But the other half thinks that we are hopeless, since majority voted for Ong Lai. I am still hoping that the recent scandals of the PAP will make them lose 1 or 2 more GRCs in the next GE.

[kyang69]

It is bloody unnecessary to begin with, all the GLCs are posting profits and those corporations like NTUC all huat ka buay lun chu, why need to raise GST?

[Bardiel]

knn.

BCM now from 4.50 become 5 dollar

chicken rice 4 become 4.50. some even 5 dollar

tmd fxxk this gst.

[ABCDFinanceGuy]

knn.

BCM now from 4.50 become 5 dollar

chicken rice 4 become 4.50. some even 5 dollar

tmd fxxk this gst.

Too bad Sinkie salaries never increase by more than 10%

[Philipkee]

I think the govt is also worried.  If it increase the GST too much that it restricts spending, it won't help at all so they do things gradually.

Cos if GST goes up, the only way this leads to increased revenue is spending remains the same or increase.  If people cut spending as a result, the GST collection might remain the same and now businesses suffer from less business

[ABCDFinanceGuy]

I think the govt is also worried.  If it increase the GST too much that it restricts spending, it won't help at all so they do things gradually.

Cos if GST goes up, the only way this leads to increased revenue is spending remains the same or increase.  If people cut spending as a result, the GST collection might remain the same and now businesses suffer from less business

Then it makes sense NOT to increase GST.

[GhostZM]

Then it makes sense NOT to increase GST.

When it comes to money, it's all about CENTS instead of sense for them..


CheerS!!!;)

[Philipkee]

Then it makes sense NOT to increase GST.

Not necessarily if they assume spending habits will remain the same even if GST increases