At a rally in Nee Soon GRC on Tuesday night (April 29), Home Affairs and Law Minister K. Shanmugam said that opposition parties are not telling the truth about GST.
Progress Singapore Party’s (PSP) Dr Tan Cheng Bock and Leong Mun Wai responded to Shanmugam’s comment during a walkabout in Jurong West on Wednesday (April 30) morning.
Progress Singapore Party’s (PSP) Dr Tan Cheng Bock and Leong Mun Wai responded to Shanmugam’s comment during a walkabout in Jurong West on Wednesday (April 30) morning.
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00:00I don't want to say that he may be. He's entitled to his wrong opinion, okay?
00:08Actually, we do not know what white ministers say that we are not telling the truth in GST.
00:13We have said that GST is a regressive tax, but the government tried to say that it is not.
00:19But all economists know that GST is a regressive tax.
00:23Regressive meaning, in economics terms, what we mean by progressive and regressive is that
00:32when you pay more taxes when you are poorer, poorer meaning measured by your level of income.
00:39That means the amount of GST you pay divided by your level of income.
00:44The lower and lower income you are, the higher and higher is that ratio.
00:51You call that regressive.
00:54And GST is a regressive tax.
00:56You cannot run away from that, right?
00:59So, but what the government has done is that they give GST vouchers to the lowest income Singaporeans.
01:05But it doesn't alter the fact that GST is a regressive tax.
01:09The more you raise the GST, the more the middle class Singaporeans will be suffering.
01:14The more you raise the GST, the more you raise the GST, the more the aufis be政治 filme a rock success.
01:22The more you raise the GST, the more you raise the Australian and the more you raise the man like,
01:23You can see that.
01:25Well, that's a weird thing.