GST hikes - to beat up the poor or signs of economic hardship

[mscitw]

Currently an idea has been floating in Peasants' mind.. that is a GST hike after the procedural elections.

Tarman decided to jump in and quash the misconception. He says it is unlikely the economy will tank south and rejects GST hikes for the next 60 full moons.

That is a queer remark. Let us use history to analyse his curry logic. After the 2006 procedural elections, Arse Loong decides to punish peasants for the less than 66.6% approval rating in Ang Moh Kio. Arse Loong says the GST hike is to help the poor by taxing them. If we use Tarman's queer remarks that GST hikes is necessary during times of budgetary woes, that is to imply Arse Loong has problem balancing the budget after 2006 and had to resort to tax hikes and casinos to save his arse?!! So Arse Loong wasn't punishing poor peasants, he was trying to balance the budget after ex-regent ah go go's generosity.

Now let us analyse Tarman's assertion using Arse Loong's doctrine. Tarman says no GST hikes so it implies the regime is not punishing the poor again for at least 60 full moons.

Now if Arse Loong is correct and GST hikes are necessary within 60 full moons to correct budgetary inbalances, must Tarman break his promise. So Tarman is wrong to say no tax hikes and that put him back to square one, tax hikes after procedural elections? No wonder, the arse Josephine Teo conceded there is no good time to raise taxes?!

 

[Sperminator]

at the end of the day, let's make that 66.6% into 33% for AMK GRC for PAP, making it a landslide victory for the opposition!!!

Vote for opposition!!! Hoorah!!!

 

[Bigfuck]

Tharman is a prophet, is he? USA first quarter economic GDP was shocking, EU is looking at the unresolved debt issue melting down, Japan is having negative growth forecast for 2011, commodity prices are going north all the way. If Singapore has developed such that it is immune to global economic pressures, I kowtow and vote the PAP immediately. The fact is PMETs and many workers of Singapore citizenship are becoming unemployed more frequently and for longer periods of time.

 

[ChaoPappyPoodle]

Tharman also BS that the poor do not pay taxes but since MBT said that the over-pricing of HDB goes into the Reserves then the poor and all those that purchase a HDB flat that has been priced beyond cost would have also paid taxes. ANytime you pay something to the government, either income tax or property tax or GST and even HDB mortgage, you are paying to the government and if the government makes money then it is a tax.

So whack Tharman for saying that the lower income in Singapore do not pay any tax. In fact, since the well-off do not pay for HDB, they actuall pay less taxes in terms of percentage of income than the poor!!!

 

[Bigfuck]

Tharman also BS that the poor do not pay taxes but since MBT said that the over-pricing of HDB goes into the Reserves then the poor and all those that purchase a HDB flat that has been priced beyond cost would have also paid taxes. ANytime you pay something to the government, either income tax or property tax or GST and even HDB mortgage, you are paying to the government and if the government makes money then it is a tax.

So whack Tharman for saying that the lower income in Singapore do not pay any tax. In fact, since the well-off do not pay for HDB, they actuall pay less taxes in terms of percentage of income than the poor!!!

COE, road tax, gst, inheritance tax, tv licence fee, admin fees, property tax, etc., direct or indirect, the poor and everyone else pay taxes.

 

[ChaoPappyPoodle]

Inheritance Tax or Estate Duty was removed by Parliament. Its effect was also applied retroactively - a very strange precedent. When Estate Duty was removed, or soon after, the gecko and Ng Teng Fong, arguably two of Singapore's richest individuals passed on. The country lost a lot in terms of revenue via the Estate Duty.

Further, the rich foreigners that come here to leverage on our infrastructure will not have to pay such taxes as well. In essence, we gave away a decent amount of revenue by removing Estate Duty.

Take note that Estate Duty and COE taxes are not necessarily what the lower income group pays. THese forms of taxation are however applied to all and the middle income group will feel the pinch much more.

With regards to Tharman's rebuttal, there are a lot of huge gaps in his argument for the increase of the GST from 5% to 7%.

His argument is that the increased revenue was used for bursaries and housing grants. However, prior to the increase bursaries and housing grants were already handed out to the lower income.

What Tharman has to show is that the additional GST revenue led to higher payouts for bursaries and housing grants.

Further, Tharman's other argument is that for every dollar that lower income families pay towards GST, they receive $5 in return. This is a huge statement to make and he should be tasked to show the facts and figures that led him to make such a sweeping statement.

Lastly, Tharman has to show where the funds for bursaries and housing grants handed out previous to the GST increase has now been placed and whether this amount has been taken into consideration in all of his calculations. This is also a critical question.

The PAP has a lot to explain and we need to probe deeper into their form of economics and how they formulate policies.

 

[mscitw]

Tarman was once hauled up for breaching some silly OSA (Official Secret Acts) regulation. He was then a big fark in the MAS. He was given a small smack on the palms and was rescued and elevated to high post by Arse Loong.

If we use the Patronage Theorem, we conclude Arse Loong is Tarman's patron. Therefore for a lackey to show thanks to his patron, repealing the Estate Duty to allow Gecko to die in peace without revealing the extent of her ill gotten gains is a foregone conclusion.

 

[ChaoPappyPoodle]

It is pointless now to talk about Tharman's OSA infringement. He has provided better targets to humtum him and we should go for those targets because oso got PinkyBoy invovled in the increase GST to help the poor campaign. He has made a few sweeping statements but has yet to provide the facts and figures to show his proof that increasing the GST did help the poor.