Here are my final observations on the impact of the GST on the
common Singaporean (pls ignore all million dollar earning
ministers, whom don't feel the pinch)
1) GST on goods from retailers that charge GST.
Most products that are sold with the charge of +2% GST do not
seemed to have an increase in the original prices. Therefore, I am
guessing that, since they can collect and redeem GST from the govt,
these retailers are more likely to keep prices as they are
2) GST on goods from retailers that do not charge GST
This is a cost to the retailer, since they cannot redeem GST
incurred from the Govt. As a result, they have to pass on the
costs.
In all fairness we CANNOT say this is GST profiteering, but is more
seen as passing on of costs from the retailer to the
consumer.
Have you all noticed, that what has gone up mostly? Hawker food's
prices. Tea, Coffee, your noodles, etc, all up from anywhere
between 10cents to 50 cents. These are PRECISELY what the poor
consumes the most, and NOT those retailers that charge GST
So till now, I still cannot fathom how the Govt is helping the
poor, since GST hits the poor's pockets the most? *blur*
