00:00I don't want to say that he may be. He's entitled to his wrong opinion, okay?
00:08Actually, we do not know what white ministers say that we are not telling the truth in GST.
00:13We have said that GST is a regressive tax, but the government tried to say that it is not.
00:19But all economists know that GST is a regressive tax.
00:23Regressive meaning, in economics terms, what we mean by progressive and regressive is that
00:32when you pay more taxes when you are poorer, poorer meaning measured by your level of income.
00:39That means the amount of GST you pay divided by your level of income.
00:44The lower and lower income you are, the higher and higher is that ratio.
00:51You call that regressive.
00:54And GST is a regressive tax.
00:56You cannot run away from that, right?
00:59So, but what the government has done is that they give GST vouchers to the lowest income Singaporeans.
01:05But it doesn't alter the fact that GST is a regressive tax.
01:09The more you raise the GST, the more the middle class Singaporeans will be suffering.
01:14The more you raise the GST, the more you raise the GST, the more the aufis be政治 filme a rock success.
01:22The more you raise the GST, the more you raise the Australian and the more you raise the man like,
01:23You can see that.
01:25Well, that's a weird thing.
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