Is the GST really unavoidable? Blog reader bigjoe99 writes:
I actually blame the opposition for their failure to educate the public on how GST is such a failure of the Umno/BN govt.
Truth is if we get rid of corruption and leakages, GST could be postponed for many years.
The increase in meritocracy and productivity from better governance would mean it could be postponed for two decades or more. Over that time, thecsubsidy on oil could be removed and the surplus put into a reserve fund that could be invested for returns that could mean GST could be postponed for decades and when we are already developed and have high income.
Not only that, the truth is the GST is not going to stay at 6 per cent. In every instance, it is raised very quickly after a few years. When you accept the GST, you should expect it will double within the medium term. That means you really should be thinking GST of 12 per cent if you are going to accept it.
Think about it the difference is GST of 12 per cent within say 10 years and NO GST for DECADES… The difference for the average person is in the hundreds of thousands over that period…