Friday, August 17, 2018

WOTC - GST and cost of living

I asked this question in the Wisdom of the Crowd:

Will abolishing GST help to reduce the cost of living?

Here are the responses: (53 Votes)
43 % - Yes. It will reduce the cost of living significantly.
36 % - Yes. Not only GST but the administration cost and other markup associated with it.
15 % - The cost of living will not drop; the merchant increase the profit margin.
6 % - No. It will only have a temporary effect.
0 % - No. It is better to offer more subsidies.

See the pie chart at: 
http://www.wisdomofthecrowd.sg/chart.aspx?ID=802

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