Damn... The GST is going to be raised from 5% to 7% from next year onwards!!!!
I can't believe it. Forget about the one-time payout to help "ease burden". We are looking at long-term donation of an extra 2% in every piece of item and every episode of 'service' (if you call it so) that we buy/experience! And that's going to build up into some kinda Himalayas.. =(
What's the backlash? Perhaps for the super-disciplined, they would shut themselves indoors and not patronize the malls, cafes, spas etc etc. And if this population of super-disciplined is significant enough, perhaps the vibrancy of economy would be affected bad enough to trigger the next recession?!!
Blah.
come 1st Jan 2007, the "GST" here will be raised from 16% to 19% leh... dun complain... :(
ReplyDelete