The SDA proposes reducing the GST to 3 percent for basic items such as food, common household products and other essential items.
The SDA also proposes a progressive GST taxation system of between 3 percent and 15 percent, where basic goods are taxed the least and luxury items are taxed the most.
The PAP-led government has also seen it fit to splash billions of dollars of taxpayers’ dollars on extravagant public projects.
To name a few of these lavish projects – the upcoming Founders’ Memorial, Changi Jewel and the monolithic Ng Teng Fong General Hospital.
While development of new infrastructure is necessary, expenditure must be exercised with prudence – especially when long-term maintenance costs is taken into account.
The SDA proposes a more stringent set of checks prior to the approval of expenditure on vain-glorious mega-projects, and channelling savings yielded to developing our most important resources – our people.