The measures come under an additional S$1.1 billion support package to help Singaporean households, especially lower- to middle-income ones, cope with rising costs.

  • Fishytricks@lemmy.world
    link
    fedilink
    English
    arrow-up
    1
    ·
    1 year ago

    It’s like they went, how much does an average person spent per month including bills and insurance. $800 per month? Lets multiple it by 12 months, and see how much that 2% GST tax is.$192? Ok let slap an additional $8 and all be good.

    • HidingCat@kbin.social
      link
      fedilink
      arrow-up
      2
      ·
      1 year ago

      It’s one of the more efficient ways to redistribute wealth using GST, which is regressive in nataure.

      As for this special payout, I do wonder if it’s enough. GST offset is easy to calculate, but inflation is far more variable.