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.
1 comment:
come 1st Jan 2007, the "GST" here will be raised from 16% to 19% leh... dun complain... :(
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