Monday, November 13, 2006

Goods and Service Tax...

My reaction to " GST to be raised to 7%: PM Lee" over tv mobile was

" WHHHHHHHHATTTTT! up again!? why why why? bills, and tuition fees!!!! VERY big jump...2 %... WHATTTT!!! WHYYY!!! bad ... this is gonna be very bad!!...oh no... then how will the post-65 ers do....(prob nothing...).. AIYO ...how come lidat... LHH is both minister of $ abd PM...how come .... wp have good chance the next election..."

=(
"GST to be raised to 7%: PM Lee"
http://www.channelnewsasia.com/stories/singaporelocalnews/view/241058/1/.html

below is an excerpt from "Singapore to beef up 3 areas to help lower income groups"
(another parliament update)

"So we have to be very very careful. Experiment, learn, modify as we go along. Don't go overboard with excessive welfare for the lower income, don't go overboard encouraging families to break up and to abandon their old folks. Don't over extend subsidies to people who are not poor. Once we've made a mistake, unwinding is impossible, because once people have been given welfare benefits, it becomes an entitlement, it's permanant, there'll be budget deficits, taxes will have to keep on going up and we'll be in a Scandanavian situation," said Mr Lee."

below is an excerpt from the GST article:

This package will be weighted more to the middle and the low income groups, especially the elderly, and it will more than offset the GST increase. "It is not just an offset package to deal with the GST. It is a whole set of measures which we are taking in order to tilt the playing field in favour of the lower income group, which is what we have to add and tally in the balance, and my purpose is to help the lower income group. For the middle income, it will be generally about ok; for the higher income, I think the higher income should end up paying more overall. It's part of being one society. I'm not going to tax 15% on income tax, I'm not going to tax 25% from GST the way the Scandanavians do, but I have to make the adjustments of 2% which I think is fair and I think Singaporeans will support," said Mr Lee.

as for u, i so expect ur reaction......nvm...i still love them and i think i will neutralise ur vote.
hahaha.... then hor...who knows...oppparty might up standard in 2010...i'll be working already and there will more issues which i will be concerned with.

by the way, i am in school.
cos the central lib is opened from 1015pm to 0745am.
hmmm.... and when i reached at 9pm, there is barely electrical socket left....
maintenence will be from 2130 to 2215... and since today is the first day the lib is opened for 24hrs, there will be a 'singapore sale' effect when everyone rushes in later to find spaces beside a socket...

i might be part of this party...i might not... but i wanna revised enough to feel satisfied this morning when i sleep at 4.5am.

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