Young Sinkie whining about the GST

[Super1]

 

[50000]

we, the consumers, are at the bottom of the pile, ie we pay the most in terms of GST as we are the target of this consumption tax

the impact of 1% increase does not equate to 1% for us

take the example from the vid of kopi. If we are buying from the coffee stall at the market, it is likely that the coffee is not GST registered hence, although he cannot charge GST, he has to absorb the GST that are charged to him as he is dealing mostly like with GST registered SMEs

So, he will be paying 1% extra for the water and electricity, the coffee powder, the sugar, the rental, the milo powder and can drinks, almost everything went up 1% .

ALL these goes into the $0.80 to $1.50 kopi

 

[k1976]

Even the rich millionaires are slowing down their migration plan into SG…their Peng you here must be leegreting of Swiss Standard Price Tag with Bengali Quality

The most predictable trend in SG is….Price will keep rising and service/ product quality keep dropping

$10 fishball noodle in a Hot Dirty UNESCO hawker Center just dun work out for most…same money can be spend in Nippon or Korea for better ambient and food quality

 

[k1976]

Singapore’s number of migrating millionaires to halve to 1,600 this year: report​

By Dat Nguyen

Fri 6/27/2025, 02:07 am (PT)

The number of millionaires migrating to Singapore this year is forecast to reach 1,600, less than half compared to the 2024 figure of 3,500, according to a recent study.

People take photographs opposite the flower domes of the Gardens by the Bay along Marina Bay in Singapore on May 23, 2024. Photo by AFP

The new millionaires migrating to the city-state are expected to own wealth worth US$8.9 billion, according to the Henley Private Wealth Migration Report 2024 by migration data provider Henley and Partners.

Despite the decline in inflow, Singapore remains among the top destinations for millionaire migration, ranking sixth globally in number of migrating millionaires, behind the United Arab Emirates, the U.S., Italy, Switzerland and Saudi Arabia.

 

[congo9]

The rational of migration for these rich blokes are not only to protect their wealth from the prying eye of CCP.

They want not only protect their wealth, the ease of access of the system, passport quality, business opportunities, stock market depth and width.

Singkie only has 1 or 2.... (Ease of access to financial system),( passport quality)