Thanks to R H Chan for this incisive exposé. Citizens need more such reports to prevent the government from pulling wool over their eyes.
R H Tan’s paper confirms what economists have been saying all along: GST is a regressive tax, imposing a heavier burden on the poor than on the rich. It is thus a factor contributing to the widening income gap, and it is government-induced.
Thanks to R H Chan for this incisive exposé. Citizens need more such reports to prevent the government from pulling wool over their eyes.
ReplyDeleteR H Tan’s paper confirms what economists have been saying all along: GST is a regressive tax, imposing a heavier burden on the poor than on the rich. It is thus a factor contributing to the widening income gap, and it is government-induced.