GST

So GST is increasing again? Well, what do we expect? GST going down? In our next live perhaps!

Well, indeed we had made our vows of less restaurants, less shopping when GST was last incremented to 5%... but how many of us really adhered to that? For the first few weeks/months perhaps... but come one year down the road later, we're still surviving. Shops are still ringing in the sales, houses still get sold, cars are being bought in droves... (hehe, probably the last one was a little exaggerated! :P ) Anyway, the point is, we'll complain, we'll protest... but sooner of later, all of us will succumb and accept our fate.

Still, probably its a conspiracy theory of some sort. A knee-jerk reaction of consumers would be to go all out and buy all our 'big' items this year, just so that we do not need to pay the extra 2% when the increase is implemented. Imagine a goods of $2000... 2% of that would be $40, and that's a lot! $40 could get you a brand new phone (with 2 yr line of course!). Let's say everyone out there quickly went out to buy those items this year (to save costs). Then if the increase was suddenly delayed (or staggered), that would ensure the economy gets boosted up quickly. Shops would be happy that their sales had increased by the tenfolds, no loss to consumers as they probably needed to buy their stuffs anyway and thus, the country's economy rises, yay! Haha, well...

Anyway, the point is, any increase of whatever sense... we'd still survive. For new job seekers, make sure you cost in the extra 2% towards your pay package. For existing employees, just pray and work hard to ensure company is growing and thus (maybe) you'll get a fatter bonus next year. For us not so lucky ones, well.. hawker centre... here we come.