BN’s GST burdens the poor disproportionately?

by Nathaniel Tan

Aargh, so busy these days…

Let’s talk some GST.

I’m no economist, but isn’t one of the reasons a GST is a bad idea the fact that it burdens everyone without regard to their economic standing?

Thus, the poor would have to pay the same percentage GST as rich people.

I suppose this is like the issue of petrol subsidies. The way BN was handling it last year meant that the increased burden was shared ‘equally’ by rich and poor alike.

I imagine that a more (pakatan? :P) rakyat-centric economic policy would be one where the poor don’t have to bear even more economic burdens than the ones they are already struggling to deal with.

But perhaps Najib and his filthy rich cronies aren’t too keen about pulling their weight in the nation’s economy.

Also, as usual, Uncle Kit and gang couch it in pretty effective terms: No sense gaining RM1b from GST to lose RM28b to graft.

Then again, like I said, I’m no economist, so I’m all ears to alternative views :)