Skip to content

Lovely Singapore

Menu
  • Home
Menu

Climate Change and The GST

Posted on July 2, 2020July 2, 2020 by KK.O

GST aims to ensure the permanent sustainability of natural resource consumption increasing awareness.

The catastrophic Australian bush fires, the New Zealand floods, the cyclones and hurricanes of Japan, Hong Kong, The Philippines, the United States of America, Africa and India.  The devastating effects of the climatic changes could be felt by all of us including our children.

Implementing GST prevents overconsumption which stresses our earth. Most people are not educated or are simply careless about how these resources are used up unnecessarily. GST educates people and promotes savings and investments. As a result of GST, people will make more conscious efforts in consumerism decision making.

Approximately 1.7 billion people worldwide now belong to the “consumer class”—the group of people characterized by diets of highly processed food, desire for bigger houses, bigger cars, higher levels of debt, and lifestyles devoted to the accumulation of non-essential goods. This, in turn, leads to more pollution, more traffic and more use of the fast depleting fossil fuels.

Increased consumerism evidently comes at a steep price. Consumer spending drives natural extraction and production output, with an impact on water, energy and land use.

In 1990 some 8.1 tonnes of natural resources were used to satisfy a person’s need, but in 2019, almost 20 tonnes of resources were extracted per person.

Worst of all, people are incurring more financial debts and working longer hours to pay for the high-consumption lifestyle, consequently spending less time with family, friends, and community organizations.

Excess consumption can be counterproductive. The irony is that lower levels of consumption can cure some of many of the societal and psychological problems that come along with it. Charging GST on goods consumed is a very effective way to deter people from buying more than what they need. Most importantly, it saves the limited resources for our future generations.

 

Recent Posts

  • Charity Run to C.A.R.E in support of lower-income families! ❤️
  • Meet Former Air Force Engineer Turned Professional Caregiver, Jonathan
  • Financial help given to Singapore workers till 31 Dec 2022
  • It’s the holidays and the AWS bonus is on our minds!
  • Say a word of thanks to security officers today!

Recent Comments

    Archives

    • March 2022
    • December 2021
    • November 2021
    • October 2021
    • September 2021
    • August 2021
    • July 2021
    • June 2021
    • May 2021
    • February 2021
    • November 2020
    • September 2020
    • August 2020
    • July 2020
    • June 2020
    • May 2020
    • April 2020
    • March 2020
    • February 2020
    • January 2020
    • November 2019
    • October 2019
    • June 2019
    • May 2019
    • April 2019

    Categories

    • News
    • Other countries
    • Singapore

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    © 2023 Lovely Singapore | Powered by Superbs Personal Blog theme