Disgusted

So after all that talk about bridging the income gap, who's going to pay for all the poor ppl to catch up to a higher income level? (as opposed to making the rich give more money and thus driving the rich indons, chinamen, overpaid ang moh expats, and senior member of the community away to greener pastures)

Of coz, the poor themselves! what genius! we raise the consumption tax so it looks like everyone will kena. poor ppl or rich ppl, also hv to eat wat.

but. a consumption tax is a regressive tax. the poor will pay proportionally more. lemme illustrate.

Every mth has 30 days. and how much you pay for food = how much you pay tax.

Poor man: earns $1000/mth, eats $2 economical rice every lunch and dinner, $1 for breakfast. no drinks. spends $5 x 30 = $150 on food a mth. 15% of his income.

Rich man: earns $5000/mth, eats $5 fast food every meal, which includes drinks. spends $15 x 30 = $450 on food a mth. less than 10% of his income.

See?

public transport fares also go up. who takes public transport? definitely not those rich who can afford cars.

and we never have any say in it. we just keep Paying And Paying. but don't worry. we'll all get CashBack Rewards in 4-5 yrs, and we'll all forget abt this little episode.