GST is in fact a form of wealth tax. The more one spends, the more GST he pays.
When GST was first introduced in 1994, it was 3%. It went up to 4% in 2003, then 5% in 2004, and finally to 7% in 2007. It’s been 28 years since GST was first introduced in 1994 and in that 28 years, GST has gone up by 4%. 28 years is the equivalent of […]