Wednesday, November 15, 2006

Much ado about nothing

The current buzz is really about the announced GST hike that is going to happen in 2007. Gosh it really has been that long since GST was introduced. Remembered it started off at 3% and went up to 5%. Remember it being 5% for quite a while. Well, its announced that it will go up in 7%. Something which was talked about before. Its finally happening.

Yeah, sure, things are going to be a bit more expensive. Been hearing a lot of murmurs going on. Complains mainly. You wonder for a people who buy handphones whenever a new model comes out or new gadgets all the time, we complain a whole lot about spending an extra 2%. Here is a secret for you, instead of buying so many things, you might want to try and save. That way, the 2% hike isn't going to cost you your next meal.

The Kyrgyz have a saying, "A wise man is not one who knows much, but one who has travelled far". I personally like that saying. For a global trotter wannabe, I've been to quite a number of cities in the world. Of all the developed countries I've been to, I've seldom encounted a goods and service tax as low as Singapore's. They usually are in the double digit. So whilst there is an increase in GST, its really not that big a deal. Don't get me wrong, I'm not happy having to pay more either, but in perspective, we aren;t worse off than a whole lot of people in the world. Just puts things into perspective. Myopia. quit complaining.