All tagged GST
I would go all-in on the bet that taxes, whether defined in quantum or in type, are just going to increase as we move into the future.
Do we do certain things because we are a product of our environment, regardless of whether that thing we do leads us to optimal or suboptimal outcomes?
I have some issues with recent policies in Malaysia, particularly those that deal with government revenue and government expenditure.
The reason that the election manifestos are so far apart is not because the Median Voter Theorem does not hold but rather, it is because there is incomplete information and different presumptions by both parties as to “who” exactly the Malaysian Median Voter is.
We certainly prefer our doctors to update their priors based on new medical evidence, why should we not prefer that of our politicians as well?
The most common argument against the GST is that it is a regressive tax and so, will harm the low-income more than the middle-income more than the high-income. I think this argument is incredibly naïve.