⚡ increase 2% GST multiply inflation but unhappy when Opposition brings it up

[alpha_beta]

lol gst robs d poor to gibe d rich

before gst rich man tax was 40% after gst is was reduced to 30%, then to 20%, now stands at 23%

corparate tax was at 40%, after gst it was reduced, now stands at 17%

estate duty was abolished on 15 feb 2008

1 tier dividend tax was introduce from 1 jan 2008

before 1 tier div tx, div flows to personal income n is taxed at personal tax bracket ie rich man is taxed at 40% while retired n jobless will get a refund if the div is less than their taxable income

after 1 tier div tax rich man get a huge discount from 40% to 17%, saving 23% while poor man who used to get a refund, now effectivel pays corrparate tx of 17% n gst, ie his tax liability has effectively increase from 0 to 17% plus gst

so after gst, rich man is saving 17% on income tax every year n 23% on div tx and ofc no longer subject to estate duty

so gas where the shortfall comes from??

but their mantra is gst is to help the poor

lol someone once boasted that nirc (net investment returns conribution) funds 50% of budget (ie pay for the highest payed nincompoooooooop0pppppps) instead of gibing fair leeturns to cpf holders

paying 4 cost of land 4 a leasehold ish no diff from daylight lobbery

cos when lease sexpires u get kicked out wid zero compense

in udder kuntries sale of land is payed into consolodated fund

in sinkie.land it is payed into leeeeserves

u nose wat this means ??

lol highest payed pathological liiiiiiiiiiiiiiaaaaaaaaaaaaaaaaaarrrrrrrrrrrrrrrrrrrrrrssssssssssssssss

 

[Lifetime warranty]

Rich get richer.. that life.. remember all frd frd one..

 

[orwell76]

lol gst robs d poor to gibe d rich

before gst rich man tax was 40% after gst is was reduced to 30%, then to 20%, now stands at 23%

corparate tax was at 40%, after gst it was reduced, now stands at 17%

estate duty was abolished on 15 feb 2008

1 tier dividend tax was introduce from 1 jan 2008

before 1 tier div tx, div flows to personal income n is taxed at personal tax bracket ie rich man is taxed at 40% while retired n jobless will get a refund if the div is less than their taxable income

after 1 tier div tax rich man get a huge discount from 40% to 17%, saving 23% while poor man who used to get a refund, now effectivel pays corrparate tx of 17% n gst, ie his tax liability has effectively increase from 0 to 17% plus gst

so after gst, rich man is saving 17% on income tax every year n 23% on div tx and ofc no longer subject to estate duty

so gas where the shortfall comes from??

but their mantra is gst is to help the poor

lol someone once boasted that nirc (net investment returns conribution) funds 50% of budget (ie pay for the highest payed nincompoooooooop0pppppps) instead of gibing fair leeturns to cpf holders

paying 4 cost of land 4 a leasehold ish no diff from daylight lobbery

cos when lease sexpires u get kicked out wid zero compense

in udder kuntries sale of land is payed into consolodated fund

in sinkie.land it is payed into leeeeserves

u nose wat this means ??

lol highest payed pathological liiiiiiiiiiiiiiaaaaaaaaaaaaaaaaaarrrrrrrrrrrrrrrrrrrrrrssssssssssssssss

Rob and rob

 

[Kain999]

It's always about optics i.e. looking good without actually doing a lot

Many of these headline numbers are big but in reality, how much actually gets doled out is another big question

Don't believe me - go check the annual budget statements - there are a lot of "surpluses" from undistributed funds every year

This one just look at the nonsense skill futures can liao.
I have $5.5k of useless and worthless credits. Actual value think not even worth $5.

 

[dxdx999]

- Covid 1-shot 100 billion gone, or 5%. Will take years or even decades to build back, if even
- How do you know GST implementation wasn't already pushed back for a few years?
- You are making the exact points that oppo makes. "It's ok to spend a little bit more, we have a lot.". The issue is, people get used to it. Just like people are getting used to CDC vouchers, USave vouchers etc. Also, it shows a lack of financial discipline. This is exactly how people get into debt.

Lol all makes sense if they didn't have profligate spending on things like founders memorial, sph buyout etc.

This is saying they need the money urgently to cover the COVID gap, and also spend on stupid frivolous things, to the detriment of sinkies

 

[dxdx999]

The issue is profligate spending and unsustainable plans that cause GST increase.

There should be proper cost control. Gov should be a custodian of taxpayers’ money, not treating taxpayers’ money as free money. Creating more ministries, more agencies, lack of proper procedures to reduce cost or create synergies is the reason why taxpayers need to pay more and more.

Of course there isn't, because who cares ?

Pap put chicken as candidate, will also be voted into parliament.

 

[moonlighter_sg]

Lolrence say exploit, but it feels like prof is just reminding them.

He should have studied a few more years to be prof

 

[BO_KO_LENG]

One hand cover sky

 

[Chunchunmaru]

We now exist in a society where hard work isn't always necessarily rewarded.

You can put your head down, clock 70 hours a week in a white collar 9 to 9, and still be unable to dig yourself out of the hole as inflation outpaces salary growth.

One can argue that the whole world is facing this problem, but the truth is, this government is in the best position amongst every other country on the planet to tackle it. They have had zero resistance politically for over half a century and thus, control of every single policy ever made, coupled with insane revenue surpluses for decades.

We all know the song. Old wealth buys up property, either resells at higher prices or jacks up rentals, everyone else below this pedestal suffers. And still, so many choose to blindly accept that it's their lot in life, not having been born with a golden spoon in their mouth.

The situation can be corrected. But no one in a position to do the right thing wants to rock the boat.

 

[testart]

I feel really sad to see Singaporeans putting in so many hours at work, not because they love it, but because they have no choice in the face of rising inflation and the high cost of living.

Many are working longer hours just to ensure some security, but this comes at the expense of precious time with family, health, and overall well-being.

It’s heartbreaking to see how the pressure to keep up with the cost of living forces people to make such sacrifices.

 

[orwell76]

I feel really sad to see Singaporeans putting in so many hours at work, not because they love it, but because they have no choice in the face of rising inflation and the high cost of living.

Many are working longer hours just to ensure some security, but this comes at the expense of precious time with family, health, and overall well-being.

It’s heartbreaking to see how the pressure to keep up with the cost of living forces people to make such sacrifices.

Must have their GST hor

 

[Lchlch]

View attachment 52969

View attachment 52968

So that cam hv enough money collected to help the poor?

 

[Lchlch]

How government going to help single income patent?

 

[carey]

This one just look at the nonsense skill futures can liao.
I have $5.5k of useless and worthless credits. Actual value think not even worth $5.

Same here hahah

But it's worth millions to scam companies who offer sh1tty courses that does nothing other than suck money from the G - I heard that some even offer "rebates" to the participants so everyone happily go there to makan nice tea break and get some $_$

 

[PaboJames]

Just vote some of them out la

 

[orwell76]

We now exist in a society where hard work isn't always necessarily rewarded.

You can put your head down, clock 70 hours a week in a white collar 9 to 9, and still be unable to dig yourself out of the hole as inflation outpaces salary growth.

One can argue that the whole world is facing this problem, but the truth is, this government is in the best position amongst every other country on the planet to tackle it. They have had zero resistance politically for over half a century and thus, control of every single policy ever made, coupled with insane revenue surpluses for decades.

We all know the song. Old wealth buys up property, either resells at higher prices or jacks up rentals, everyone else below this pedestal suffers. And still, so many choose to blindly accept that it's their lot in life, not having been born with a golden spoon in their mouth.

The situation can be corrected. But no one in a position to do the right thing wants to rock the boat.

There is global inflation, and the untimely inflicted GST multiplier inflation

 

[carey]

There is global inflation, and the untimely inflicted GST multiplier inflation

IIRC, WP did ask them to postpone the hike for this very reason

 

[GundamG]

They exploit us can. Opp say what they are doing and they say opp exploit. Really thick skin to the max and ignoring all comments

 

[luei74]

PAP pwn the poors aid the richs

 

[orwell76]

IIRC, WP did ask them to postpone the hike for this very reason

WP say liao, must do opposite