Here is the video of ‘kindergarten teacher’ Raymond Lemon Lim lecturing the ‘kids’ of MacPherson about transportation fares and subsidies.
So, it’s 1.5% more in GST for free transportation. This comes from the horse’s mouth and I didn’t make it up.
Let me do a simple calculation here, kindergarten style, ok?
- If annual income is $50,000, disposable income = $40,000 after CPF.
- 1.5% of $40,000 = $600. (That’s if you spend every cent you earn.)
- $600 a year = $50 a month.
I top up my Ez-Link ItchyLink card at least twice a month, and each time it’s at least $30. Each trip is $1.64 and since I work at least 22 days a month that means $72.16 in transportation for the month. So by paying 1.5% more in GST I actually save $22.16 if I earn $50,000 p.a.
Frankly, going by Raymond Lim’s figures, I think anyone who earns less than 50K and takes public transport should take up his offer. Remember, the lesser you earn, the lesser in GST you can possibly pay. (Don’t flame me for this… this is the same method used by the government gahmen to justify the amount of GST goodies given to you was sufficient to cover the GST hike!)
After all, when you earn only $20,000 p.a., then the disposable income you have is $16,000. And if you spend all that $16,000 you earned, 1.5% on that is only $240 a year ($20 a month!!). In short, the more mode of transport you need to use, 1.5% of GST for free transport is exactly the ‘plan’ for you!!
But where’s the catch? The catch is, they will now increase GST annually! Every man can figure that out even by using the head of their one-eyed bandit to think. And that’s not mentioning that the service standards will be any better than the almost non-existent ones now. In short, it might even get worse since they are going to say: “It’s free, don’t complain!”
And you mean you don’t know the Tali-PAP’s modus operandi by now?
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